Current Affairs play an important role in FPSC Civil Services Exam preparation as the questions from this section appear in the written examination and in the Interview. The Questions can be direct or even indirectly linked to the static or basic part of a particular topic.
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Pakistan’s current fiscal and taxation policies are characterised by increasing tariffs, expanding the proportion of taxes, raising all kinds of living, production and material rates, resulting in a sharp rise in the production costs of enterprises and an increase in the burden of business operation. At the same time, the exchange rate of the Pakistani rupee against the US dollar has depreciated sharply recently. The consumption cost of the people has risen sharply in a short period of time. As a result, the market demand becomes weaker, and the inflation rate is higher. At the time of rising production costs, enterprises have encountered the double challenge of shrinking market demand, adding to their difficulties and worrying conditions. Some enterprises have stopped production or sought to withdraw from the Pakistani market to seek overseas development, thus increasing the unemployment rate in Pakistan.
1. Pakistan-China economic Corridor is a proposal to create an Economic Corridor from Gwadar in Baluchistan to _________in the Western Chinese province of Sinkiang
(a) Beijing
(b) Sinkiang
(c) Kashgar (Correct)
(d) Shanghai
2. When China and Pakistan signed an agreement on China Pakistan Economic Corridor (CPEC) plan?
(a) 21 April 2015 (Correct)
(b) 23 April 2015
(c) 27 April 2015
(d) 29 April 2015
3. The China Pakistan Economic Corridor often referred to by the acronym CPEC, is a collection of projects currently under construction at a cost of
(a) $44 billion
(b) $45 billion
(c) $46 billion (Correct)
(d) $50 billion