6. IMF sees fiscal deficit exceeding govt target
The International Monetary Fund (IMF) on Wednesday forecast Pakistan`s fiscal deficit the gap between the country`s total resources and expenditures for the current financial year at 7.6 per cent of GDP, almost 1.1pc higher than 6.5pc target set by the federal government.
Even after taking into account Rs600bn cash surplus targeted by the Centre to come from provincial governments, the IMF estimate is about 0.6pc higher than the government`s budget target. The centre had estimated the overall fiscal deficit for the current year at Rs6.9 trillion (6.5pc of GDP) on the anticipation that provinces would offer Rs600bn surplus to scale down federal deficit, otherwise estimated at Rs7.5tr, or 7.1pc of GDP.As such, the IMF has stuck to its earlier projection made in July for the fiscal deficit on the basis of its agreement with then authorities as part of $3bn Standby Arrangement (SBA) for the nine months ending in March next year
October 12, 2023: International Current Affairs MCQs News
7. `War cabinet` set up ahead of expected Gaza assault by Israel
Israel on Wednesday kept up its bombardment of Hamas targets in the Gaza Strip, as Benjamin Netanyahu and a political rival announced an emergency government for the duration of the current conflict, which has already claimed thousands of lives.
The Israeli PM and centrist Benny Gantz, a former defence minister, agreed to form a government and war cabinet as both put aside bitter political divisions as Tel Aviv prepares to unleash a brutal ground assault that would reduce Gaza to a `tent city`, according to claims by Israeli officials
8. Russia, Kyrgyzstan to create joint air defence system
Kyrgyzstan`s parliament on Wednesday ratified an agreement for a common air defence system with Russia, a day before a planned visit by Russian President Vladimir Putin to the Central Asian country.
The agreement provides that a land plot of 12 acres at the Kant Russian military base in Kyrgyzstan will be used for the joint programme
9. Hezbollah says it fired missiles from Lebanon into Israel
Hezbollah said on Wednesday it had fired missiles on Israel, after three of its fighters were killed earlier this week amid soaring border tensions.
The latest exchange of fire came as Israel massed troops and heavy armour around Gaza in its campaign against Hamas
October 12, 2023: Sports Current Affairs MCQs News
10. Rohit flattens Afghanistan as India romp to second win
World Cup hosts India cantered to their second successive win of the tournament after captain Rohit Sharma`s incendiary century set up their eight wicket thrashing of Afghanistan here at the at the Arun Jaitley Stadium on Wednesday.
Rohit belted 131 off 84 balls, clobbering five sixes and 16 fours, as twice champions India chased down a 273-run victory target with 15 overs to spare
Watch Video: 25 Preparation Tips on How to Study for CSS at home
Check our daily updated ‘s Complete Day by Day Current Affairs MCQs
Current Affairs MCQs for the month June 2023:
[catlist name=”August 2023″
