CURRENT AFFAIR GUIDE ESPECIALLY FOR COMPETITIVE EXAMS ( CSS, PMS, PCS, AD IB, AD FIA JUDICIARY)

                      After discussing the effects of China and Afghanistan on Pakistan in the article from the previous week, I'll move on to India, Pakistan's third neighbor, which is currently dealing with its own issues. Some of them were discussed when the nation celebrated its 75th birthday, a day after Pakistan celebrated its 75th birthday on August 14. It might be good to discuss why Pakistan's birthdate is one day earlier than India's before I talk about the Indian scenario.   The last Viceroy dispatched to India by the British government, Lord Louis Mountbatten, made it known that he wanted to continue serving as Governor General of both the dominions of India and Pakistan as the British prepared to depart their Indian colony and return to London. Extensive preparations had been made for the swearing-in of the new government, which would be led by Jawaharlal Nehru, who along with Mohandas Karamchand Gandhi had led the campaign for independence, on August

                 The Supreme Court's decision to overturn the deputy Speaker's actions in the provincial assembly as being "without lawful authority" brought the high drama of Punjab's constitutional crisis to a close. The SC ruled that Hamza Shehbaz's election was invalid, paving the door for PML-Q leader Pervaiz Elahi to take over the much sought-after position.   Has the court decision that resulted in the installation of a PTI-backed administration in Punjab assisted in resolving the nation's political crisis? or lowering the tension? Not at all.   The most recent turn of events has been a major defeat for the PML-N since it has allowed its political rivals to retake its provincial stronghold. However, these changes have also thrust Pakistan into unknown territory, which may portend future instability. Two governments—the one in the center and the one in Punjab—don't acknowledge each other as legitimate and could collide.   People who b

                 "PROMPT and severe steps are needed to preserve Pakistan from practically going bankrupt, but our leaders seem comfortable with relying on higher levels of foreign funding to maintain some semblance of sustained economic prosperity." It was possible to write these words yesterday. They weren't, though. They are mentioned in an editorial from the Pakistan Times commemorating the 11th anniversary of independence in 1958.   The same comment also contains additional laments that are still relevant today. For instance, "The political arena has been the safe haven of those cursed with limitless greed and limited talent for almost a decade. Every season has been one of interest, and every year has been one of catastrophe. A perpetual state of instability almost seems to be the only constant in our political existence.   One might go even earlier, to Mohammad Ali Jinnah's speech to the Constituent Assembly 75 years prior, when India was on the ve

                 Despite ongoing talks between Islamabad and the International Monetary Fund (IMF) to recommence the USD 6 billion rescue package from the IMF, Pakistan is on the edge of bankruptcy as the country's economic status is facing a dismal future with no immediate bright outlook.   As of June 21, the Pakistani Rupee (PKR) had crossed the 212 USD mark. Pakistan, on the other hand, has fewer than six weeks' worth of import coverage left and its foreign exchange reserves have critically declined. Currently, the reserves are less than $9 billion, according to a Pakistan Tribune report.   Over the past year, the value of the Pakistani rupee has plummeted by a staggering 34% (or PKR 53.67). In June of the previous year, it ended at PKR 157.54. With a decline of around 16.5 percent (since December 31, 2001) against the US Dollar, the Pakistani Rupee has thus become Asia's "worst-performing currency in 2022," ranking last among a group of 13 peers that a

             WASHINGTON: Masood Khan, Pakistan's ambassador to the United States, has cautioned that heightened tensions between India and Pakistan over the Jammu and Kashmir dispute could lead to another catastrophe while the world community deals with crises like the Russia-Ukraine war.   He stated in an interview with Newsweek that while New Delhi's action continued to cause tension between two nuclear-armed countries, the international community had shown a "dangerous indifference" to the matter. The interview was timed to coincide with the third anniversary of India's revocation of Articles 370 and 35A, which repealed the special status of the Indian-occupied portion of the disputed Kashmir region.   "The United States or other permanent members of the UN Security Council have not been able to dedicate much attention to Kashmir because of many developments in the international domain, for example, Ukraine, the Indo-Pacific region," Ambassad