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March 27, 2022: National Current Affairs MCQs
1. Pakistan hopes to attend US-led summit without `irking` China
• This week`s democracy summit in Washington would be a test for Pakistan`s diplomacy as it`d look to rekindle ties with the US without irking its longtime ally China.
• The virtual summit, led by the US, will begin on Tuesday (tomorrow).
• Like the first democracy summit in 2021, both India and Pakistan have been invited to the summit.
• India attended the last meeting and may do so this year as well. Pakistan had opted out of the first summit, reportedly on back of the Biden administration`s refusal to reach out to the then prime minister Imran Khan.
• For the cash-starved Pakistan, the summit could be a major opportunity to win over US support for raising funds from international lenders and bilateral donors
2. PM puts Alvi `in his place` in biting rejoinder
• Hopes for a dialogue between the government and Pakistan Tehreek-i-Insaf (PTI) faded after Prime Minister Shehbaz Sharif in a strongly worded letter accused President Arif Alvi of being `biased and partisan` The premier in his letter to the president lambasted Mr Alvi for sending a letter to him [PM] in which he had asked the PM to assist all relevant institutions in holding elections in Punjab on April 30 as ordered by the Supreme Court.
• On Friday, the president had asked the PM to direct federal and provincial authorities to assist the Election Commission of Pakistan (ECP) in holding the Punjab and Khyber Pakhtunkhwa elections in accordance with the orders of the Supreme Court to `avoid further complications` Before this exchange of letters, both sides had expressed intentions for talks to discuss issues of national importance, mainly to overcome the current political tussle and economic meltdown.
3. Joint session of parliament to discuss critical issues today
• A joint sitting of parliament and a separate National Assembly meeting are set to take place on March 26, 2023 (today) to discuss important issues, including the respect of state institutions.
• The National Assembly will meet at noon while the joint sitting is scheduled for 3pm. PTI senators have also announced that they would attend the joint session.
• According to an eight point agenda issued for the joint sitting, debate on a resolution, moved by the parliamentary affairs minister in the last session, will continue. A debate on the law and order situation will also take place
4. Risks to financial stability have increased, warns IMF chief
• International Monetary Fund chief Kristalina Georgieva warned on March 26, 2023 that risks to financial stability had increased and stressed `the need for vigilance` following the recent turmoil in the banking sector.
• Speaking at a forum in Beijing, the IMF managing director said she expected 2023 `to be another challenging year`, with global growth slowing to below three per cent due the war in Ukraine, monetary tightening and `scarring` from the pandemic.
• `Uncertainties are exceptionally high, with the outlook for the global economy likely to remain weak over the medium term, she told the China Development Forum. `It is also clear that risks to financial stability have increased,` she added
5. Fallout of political crisis Sehat programme faces risk of closure over non-payment of Rs83bn dues
• The State Life Insurance Company (SLIC) has hinted at closure of the Sehat Sahulat Programme in Punjab due to the non-payment of pending liabilities to the tune of Rs83bn.
• It was the first-ever clear warning the company has issued to close the flagship scheme of former prime minister Imran Khan in Punjab where over 25m families were getting free treatment at 724 public and private hospitals. One of the major reasons behind the sorry state of affairs and possible closure of the programme is stated to be the political motives.
• Sources said that the PML-N government, during its brief tenure last year, had given a signal to slow down the health card programme launched by the Pakistan Tehreek-i-Insaf (PTI), setting aside the success stories of the mega scheme, which was rendering free healthcare service to all citizens
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March 26, 2022: International Current Affairs MCQs
6. IFAD to begin new programme to reduce poverty, raise food security
• The International Fund for Agricultural Development (IFAD) will begin this year a new five-year programme in Pakistan to target 1.5 million poor rural households representing 10 million peopie comprising households living in chronic poverty and small-scale farmers. The goal of the new programme is to reduce poverty in people living in rural areas and enhance food security.
• The Country Strategic Opportunities Programme (COSOP) covering the 2023-2027period with projects worth $231 million in commitment and cofinancing has now been placed before the IFAD executive board for final approval, according to the document available to Dawn.
• The COSOP sets out IFAD`s strategy to support the government in transforming smallholder agriculture and eradicating rural poverty within a systematic framework to build climate resilience, adaptation, mitigation and response
7. Honduras and China establish diplomatic ties in blow to Taiwan
• China and Honduras began formal diplomatic relations on March 26, 2023, with Taiwan accusing Beijing of using `coercion and intimidation` to lure away its few remaining allies.
• China`s announcement of the move came shortly after Tegucigalpa said it had officially severed ties with Taipei. `The two governments have decided to recognise each other and establish diplomatic relations at the ambassadorial level`, effective immediately, China`s foreign ministry said in a statement.
• The switch cuts to 13 the number of countries that still diplomatically recognise Taiwan, which has lost several Latin American allies in recent years
8. Kyiv seeks UNSC meet over Moscow`s `N-blackmail`
• Kyiv on March 26, 2023 said it was seeking an emergency meeting of the United Nation`s Security Council to counter Russia`s `nuclear blackmail` after President Vladimir Putin announced his country would station tactical nuclear arms in Belarus.
• Putin said the deployment was similar to moves from the United States, which stores such weapons in bases across Belgium, Germany, Italy, the Netherlands and Turkiye, an analogy western allies called `misleading` With fears of a nuclear war rising since the invasion, experts believe that any Russian strike would likely involve small-size battlefield weapons, called `tactical` as opposed to `strategic` high powered long-range nuclear weapons.
• `Ukraine expects effective actions to counteract the Kremlin`s nuclear blackmail from the UK, China, the US and France,` the Ukrainian foreign ministry said
9. Israel, UAE sign free trade pact into effect
• Israel and the United Arab Emirates on March 26, 2023 signed a free trade pact into effect, reducing or removing tariffs on about 96 per cent of goods traded between the nations, Israel`s Foreign Ministry said.
• The countries first reached the agreement last May, promising to boost bilateral trade after they normalised ties in 2020 in a US-brokered deal.
• The deal will also allow Israeli companies to gain access to government tenders in the UAE, the ministry said
10. Afghanistan thump Pakistan to claim T20 series
• Afghanistan overcame late nerves in the closing overs to beat Pakistan by seven wickets in the second Twenty20 international on Sunday and take an unassailable 2-0 lead in the three-game series.
• Needing 30 off the last three overs, and 22 from the last two, Najibullah Zadran and Mohammad Nabi hit a six each off pace bowler Naseem Shah in the penultimate over to reduce the target to five runs.
• Zadran then hit the winning boundary off Zaman Khan`s last over to chase down the 131-run target with one ball to spare.
• `It`s a great honour and pleasure to lead this wonderful team, said Afghanistan skipper Rashid Khan.
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