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Current Affairs MCQs by CSSMCQs

Current Affairs MCQs
Current Affairs MCQs

Pakistan Current Affairs MCQs

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.

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Key Insights from Pakistan Economic Survey 2022-23 for FPSC Tests

The Pakistan Economic Survey 2022-23 provides a snapshot of the country’s economic performance over the past year. Despite facing significant challenges like devastating floods and a global economic slowdown, Pakistan’s economy showed resilience, with a small GDP growth of 0.29%. This survey covers various sectors, including agriculture, industry, and services, and highlights their contributions and struggles. This article summarizes some most important key facts and figures from the survey, offering valuable insights to help you understand Pakistan’s economic landscape and prepare effectively for FPSC tests.

Important Points from Pakistan Economic Survey 2022-23 for FPSC Tests

Economic Growth and GDP

  1. Real GDP Growth: 0.29% in FY2023.
  2. GDP at Current Market Prices: Rs 84,657.9 billion, 27.1% growth.
  3. Per Capita Income: US$1,568.
  4. Investment to GDP Ratio: 13.6% in FY2023, down from 15.6% in FY2022. » Read More…

SUMMARY of the Article “Re-profiling Chinese debt,” by Khurram Husain, Dawn, August 1st, 2024

The article “Re-profiling Chinese debt” by Khurram Husain discusses Pakistan’s attempt to renegotiate $27 billion worth of debt owed to China, Saudi Arabia, and the UAE. Finance Minister Muhammad Aurangzeb revealed this during a press conference, though he initially focused on tax burdens. His visit to China, following Prime Minister Shehbaz Sharif’s trip a month earlier, aimed to address this debt under the IMF’s requirements. The discussions are in the early stages, involving talks with the Chinese power project sponsors and financial market players, including the People’s Bank of China. The challenge lies in meeting the equity return guarantees for these sponsors amid Pakistan’s foreign exchange constraints. Aurangzeb mentioned hiring local advisers for structuring their approach and floating a Panda bond, though skepticism exists about its feasibility given Pakistan’s current financial state. The urgency is emphasized by the need to reach an agreement before the IMF staff-level agreement can be finalized. Delays could risk economic stability, with the IMF likely to show limited leniency, as indicated by » Read More…

Detailed SUMMARY of the Article “Diplomatic Challenge,” Editorial, Dawn, July 29th, 2024

The article discusses the escalating tensions between the US and China and its implications for Pakistan, which maintains significant economic and military ties with both global powers. Given the complexity of its relationships, Pakistan must develop a contingency plan to navigate the potential fallout if relations between the US and China deteriorate further. The recent statement by US diplomat Donald Lu, indicating that the Biden administration had requested $101 million from Congress for Pakistan, and suggesting that the US represents the future for Pakistan over China, underscores the challenges Pakistan faces in maintaining neutrality. The Foreign Office of Pakistan emphasized that Pakistan values its relationships with both nations, describing China as an “all-weather strategic cooperative partner.” The editorial argues that while investment and cooperation from various global players are essential, the US’s $101 million offer is insufficient to shift Pakistan’s strategic alliances. The article advocates for Pakistan to balance its ties with the US and China without compromising its national interests. It also highlights the need for Pakistan to focus on improving relations with its immediate neighbors, including Iran, Afghanistan, China, and India, » Read More…