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Pakistan Current Affairs MCQs

Pak Study MCQs CSSMCQs

 Current Affairs of Pakistan MCQs

Improve your knowledge of Pakistan’s Current Affairs with our MCQs. Our questions are sourced from the latest tests and other reliable sources. As both Current Affairs and Pakistan Affairs are essential subjects in the CSS exam, it is vital for government members to stay updated on the country’s current issues. Enhance your chances of success in the CSS exam with our comprehensive Pakistan Current Affairs MCQs, HERE

SUMMARY of the Article “COP28 to SB60,” by Aisha Khan, Dawn, June 1st, 2024

The article outlines the importance of the 60th session of the Subsidiary Bodies (SB60) taking place from June 3-13, 2024, in Bonn, as a critical preparatory event for COP29. The SB60 aims to recalibrate positions and find compromises to facilitate a successful outcome at COP29. The conference has three primary tasks: agreeing on a new post-2025 climate finance goal to ensure adequate funding for developing countries to meet their Nationally Determined Contributions (NDCs), building momentum for the next generation of national climate plans, and providing guidance on the first Global Stock Take (GST) outcomes. The success of COP29 hinges on overcoming fixed positions regarding new collective quantified goals (NCQG) for climate finance, which is a contentious issue. Effective negotiation processes and continued implementation of COP28 outcomes are necessary to maintain progress. The Bonn dialogue must address financial packages, particularly linking » Read More…

SUMMARY of the Article “Debt trap,” Editorial, Dawn, May 30th, 2024

Pakistan’s debt situation has escalated significantly, resulting in immense pressure on the national budget. The fiscal deficit has averaged 7.3% of the GDP over the past five years, contributing to a national debt of Rs78.9 trillion, comprising Rs43.4 trillion in domestic debt and Rs32.9 trillion in external loans. This has created a debt trap where the country must continuously borrow to repay existing debts. Consequently, debt servicing costs have soared, with the latest estimates rising from Rs7.3 trillion to Rs8.3 trillion for the current fiscal year. The finance ministry’s Mid-Year Budget Review Report indicates a 64% increase in debt payments, reaching Rs4.2 trillion in the first half of the fiscal year. This surge is attributed to both the growing debt stock and a record-high interest rate of 22%, which has significantly increased the cost of domestic debt. The report highlights that domestic debt payments constitute nearly 90% of total debt servicing costs. The high » Read More…