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Pakistan Current Affairs YEAR 2023 | Complete Month-wise 1000+ MCQs

Pakistan Current Affairs YEAR 2022 | Complete Month-wise 1000+ MCQs


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What term did UN Secretary General António Guterres use to describe the severe state of climate change?
Global warming
Global boiling
Climate crisis
Climate catastrophe
Show Answer…
Correct Answer: Global boiling
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SUMMARY of the Article “Climate-smart finance bill,” by Ali Tauqeer Sheikh, Dawn, June 20th, 2024


The article criticizes Pakistan’s proposed finance bill for the next fiscal year for its lack of commitment to climate resilience, despite the country being highly vulnerable to climate change. The bill does not set a direction for sustainable economic development or climate-resilient investments and overlooks the need for institutional and policy reforms to address economic damages from climate-induced disasters. The government has instead chosen a simplistic approach to generate revenue by cutting subsidies, with little focus on economic development or climate resilience. Key government entities, such as the Planning Commission and the Finance Ministry, have failed to integrate climate considerations into their budgeting and reporting processes, resulting in a lack of climate-smart budgeting. Comparisons are drawn with Bangladesh, which has made significant strides in climate-proofing its budget and establishing climate funds and frameworks to support climate resilience. Pakistan is urged to adopt similar measures, including tracking climate-related expenditures, aligning budgetary processes with national climate policies, and exploring innovative green finance mechanisms like green bonds and debt-for- » Read More…


SUMMARY of the Article “Leadership, crisis, opportunity,” by Maleeha Lodhi, Dawn, June 17th, 2024


Pakistan is currently at a critical juncture, grappling with numerous crises, including political polarization, economic instability, and institutional degradation. This multifaceted crisis, or polycrisis, involves overlapping issues in governance, economy, politics, security, and human development, all reinforcing each other and creating a formidable challenge. National morale is low, with a significant portion of the population believing the country is heading in the wrong direction. Unlike previous crises that Pakistan has managed to overcome, the current situation is exacerbated by decades of poor governance and missed opportunities. Immediate reforms, particularly economic ones, are essential to address these structural issues. A significant gap persists between the challenges faced and the responses provided by successive governments, which have lacked a » Read More…


SUMMARY of the Article “Climate debt trap,” by Jamil Ahmad, Dawn, June 15th, 2024


The article explores the severe challenge of heavy and rising debt faced by developing nations, which significantly hampers their efforts to tackle climate change, reduce poverty, and pursue economic development. Between 2010 and 2022, the external debt of 118 low- and middle-income countries doubled to $3.1 trillion, constituting about 15% of their GDP. In 2022 alone, these countries spent $443 billion servicing public debts, with this figure expected to rise in the coming years. Factors such as inflation, high interest rates, the energy crisis, and economic uncertainty post-COVID-19 have exacerbated this situation. The high debt service payments limit the fiscal space necessary for investments in climate action and sustainable development, pushing many developing nations toward default. This liquidity crisis sidelines climate and environmental priorities, posing global risks including exacerbated poverty, food insecurity, water scarcity, and health issues. To address this, immediate debt relief is suggested, freeing up fiscal space for climate and development investments. Options include lowering borrowing costs, extending long-term loans, and debt swaps for climate actions. The V20 group of climate- » Read More…