Here, you can seek Current Affairs MCQs of Pakistan and the World’s Current year important events, dates, accidents and issues in 2021, 2022 and 2023. Pakistan Current Affairs sample test and practise questions for job Test. Current Affairs of Pakistan, first in Pakistan, Important issues, current govt ministries etc. So, you will find in this category the updated 2022 Current affairs of Pakistan Mcqs.
The article highlights the IMF’s recent unscheduled discussions with Pakistani authorities on the ongoing $7 billion loan program, which concluded without the usual end-of-mission statement, leaving the public uncertain about the outcomes. The IMF expressed significant concerns over delays in securing $2.5 billion in foreign loans, including a $1.2 billion Saudi oil facility, and a revenue shortfall of Rs190 billion in tax collection for the July-October period. Additionally, the slow progress on the National Fiscal Pact and delays in privatizing state-owned enterprises (SOEs) have raised alarms, as provinces have yet to align their farm and property tax rates with federal standards. These lapses indicate that the government is struggling to meet several structural benchmarks crucial for economic stability. Despite having time before the formal review in February or March, these failures threaten Pakistan’s access to the next $1 billion tranche and erode market confidence. The IMF’s insistence on strict compliance, exemplified by its decision to send an early mission, underscores its skepticism about Pakistan’s » Read More…
The article sheds light on the upcoming climate summit COP29 in Baku, Azerbaijan, where the focus will be on setting global climate finance targets essential for addressing the evolving climate challenges. Pakistan’s delegation is confronted with a dual agenda: pursuing significant emissions reduction targets and mobilizing the finances necessary for both mitigating emissions and addressing the impacts of climate change, particularly in vulnerable countries like Pakistan. COP29 has three main goals: establishing a New Collective Quantified Goal (NCQG) to set financial targets for post-2025, enhancing national commitments through updated Nationally Determined Contributions (NDCs), and advancing the Loss and Damage Fund (LDF) to compensate affected communities. The NCQG is crucial, as it represents the global financial ambition required to meet climate adaptation and resilience goals, but developed nations have shown reluctance to commit to binding targets. Developing countries, including Pakistan, are advocating for a shift from loan-based finance to grant-based support to ease debt burdens, with calls to balance funding across adaptation, mitigation, and loss and damage initiatives. Pakistan has played a key role in operationalizing the LDF, securing $792 million in pledges to assist communities affected by climate-related damages. This has strengthened its position in the » Read More…
