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October 11, 2023: National Current Affairs MCQs News
1. Remittances plunge 20pc in first quarter
The crackdown against illegal currency business has failed to substantially improve the inflow of remittances in September as was anticipated by the economic managers of the country and the State Bank of Pakistan (SBP).
The central bank on Tuesday reported that remittances rose just a little over 5 per cent month-on-month in September against the expectations of a 25pc hike.
However, the remittances fell by 20pc in the first quarter compared to the same period last year
2. Teams formed to identify, locate properties of Afghan nationals
Separate teams of the capital police and local administration have been constituted to identify and locate properties owned by Afghan nationals, compile records and ascertain their value.
However, when Deputy Commissioner Irfan Nawaz Memon was contacted, he denied that any team had been established for the purpose.
`No such teams had been formed by the local administration,` Mr Memon said
3. IMF expects faster economic recovery in optimistic outlook
Acknowledging Pakistan`s better-than anticipated current account show last fiscal year, the International Monetary Fund (IMF) expects the country`s economy to perform better in the current and next fiscal years compared to other multilateral agencies` projections despite macroeconomic challenges.
The IMF`s World Economic Outlook for October, released on Tuesday, forecasts a growth of 2.5 per cent for the country`s economy in the current year, doubling to 5pc in the next fiscal year. This is a significant jump compared to the 0.5pc contraction witnessed last fiscal year
4. UN official declares Israel`s blockade of Gaza `illegal`
Israel claimed to have recaptured the border areas of Gaza on Tuesday as fear and chaos reigned among the 2.3 million Palestinians living in the coastal territory, which has been hammered by thousands of Israeli munitions for four days now.
A top United Nations official, however, has declared said a total siege of the Palestinian enclave is banned under international law
5. French troops start leaving coup-hit Niger
The French army said on Tuesday it had begun withdrawing troops from Niger after being ordered out by the leaders of a coup that ousted the president and Paris ally.
The move kicks off a complex and fraught process that Paris expects to be completed by the end of the year, drawing the curtain on another French anti-militant operation in Africa.
`The first troops have left,` the spokesman for the French chief of staff said, confirming an announcement on Monday by Niger`s military leadership, which said the 1,400-strong French contingent left on Tuesday