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November 01, 2024: National Current Affairs MCQs News
1. Govt declares `smog calamity` across Punjab
The Punjab government declared smog a calamity on Thursday, as the provincial administration notified a host of measures, such as vacations for differently-abled children and a ban on all activities `causing or leading to smog formation` to improve the hazardous air quality across the province, particularly in Lahore.
A day earlier, the provincial government imposed a green lockdown in several areas of Lahore it considered `smog hotspots`, but enforcement remained lax at best on the first day. The Provincial Disaster Management Authority (PDMA) has now declared smog a calamity under Section 3 of the Punjab National Calamities (Prevention and Relief) Act, 1958.
2. Bill to raise number of judges off NA agenda
The government has decided to defer the introduction of a key bill seeking to amend the Supreme Court Practice and Procedure Act in parliament due to a lack of consensus among the coalition partners, sources told Dawn.
During the National Assembly`s sitting on Monday, a couple of treasury lawmakers had hinted that the government planned to table the bill in the lower house of parliament today (on Friday), but the bill was not included in the orders of the day issued by the National Assembly Secretariat on Thursday evening.
3. Pakistan posts fiscal surplus for first time in 24 years
Unprecedented profits by the State Bank of Pakistan (SBP), driven by the highest-ever interest rates and record petroleum levy revenue both non-tax sources have helped the country convert its entrenched budget deficits into a fiscal surplus for the first time in at least 24 years.
According to the Fiscal Operations report for the first quarter (July September) of the current fiscal year, released by the Ministry of Finance on Thursday, the central bank posted an all-time high surplus profit of Rs2.5 trillion, primarily due to the country`s highest-ever policy rate of 22 per cent
4. Country`s first Media Impunity Index to track crimes against journalists
Pakistan`s first ever Media Impunity Index, which evaluates progress in combating impunity in crimes against journalists at the federal and provincial levels, was unveiled on Thursday as stakeholders expressed concern over multiple targeted killings of journalists and media practitioners in 2024.
Launched by Freedom Network at an event held in connection with International Day to End Impunity (IDEI), which falls on Nov 2, the index measures various aspects, such as policy initiatives, legislative actions and the establishment of protective mechanisms for journalists
5. SBP reserves rise $116m
The foreign exchange reserves of the State Bank of Pakistan (SBP) increased by $116 million to $11.15 billion during the week ended on Oct 25, the central bank announced on Thursday.
The SBP reserves have been increasing since the last week of September after the IMF released the first tranche of $1.03bn under the new $7bn pro-gramme. Experts said the SBP forex holdings are enough to cover the two month imports. The reserves are getting closer to the $13bn target set by the government by the end of FY25.
