Explanation

Know about Federal Budget 2024-25

Total outlay: Rs18.877 trillion

FBR Tax revenue target: Rs13 trillion

GDP growth target: 3.6 percent

Defence: Rs. 2.122 trillion

Salaries of BPS-1 to BPS-16 employees increased: 25 percent

Salaries of BPS-17 & above: 22 percent

Trade deficit: $25.3 billion

Exports estimation: $32.7 billion

Civil administration expenditures: Rs839 billion

Pensions: Rs1.014 trillion

Electricity/gas subsidy: Rs1.363 trillion

Energy sector: Rs253 billion

Water resources: Rs206 billion

IT sector: Rs79 billion

Minimum wages in the private sector: Rs36,000 per month

Funds for Benazir Income Support Programme: Rs593 billion

Inflation expectation: 12%

Presented by: Muhammad Aurangzeb (Finance Minister)

Date: 12 June 2024

****

Explanation

Know about Federal Budget 2024-25

Total outlay: Rs18.877 trillion

FBR Tax revenue target: Rs13 trillion

GDP growth target: 3.6 percent

Defence: Rs. 2.122 trillion

Salaries of BPS-1 to BPS-16 employees increased: 25 percent

Salaries of BPS-17 & above: 22 percent

Trade deficit: $25.3 billion

Exports estimation: $32.7 billion

Civil administration expenditures: Rs839 billion

Pensions: Rs1.014 trillion

Electricity/gas subsidy: Rs1.363 trillion

Energy sector: Rs253 billion

Water resources: Rs206 billion

IT sector: Rs79 billion

Minimum wages in the private sector: Rs36,000 per month

Funds for Benazir Income Support Programme: Rs593 billion

Inflation expectation: 12%

Presented by: Muhammad Aurangzeb (Finance Minister)

Date: 12 June 2024

****

Explanation

Asian Armwrestling Championship 2024

Host city: Tashkent

Host country: Uzbekistan

World Armwrestling Day is observed on 20th April.

Note: Arms wrestling is not an Olympic sport

****

Explanation

World Press Freedom Index 2024

Publisher: Reporters Without Borders (RSF)

Total countries: 180

Pakistan: 152

Topped by: Norway

Bottom: Eritrea

 Greece was ranked worst in Europe (88th overall)

Explanation

• A Pakistani anti-graft court jailed former Prime Minister Imran Khan and his wife Bushra Khan for 14 years each on charges of illegally selling state gifts.
• Sentence date: 31 Jan 2024
• Case known as: Toshakhana Case

Explanation

In January 2024, The IMF's board approved a roughly $700 million loan for Pakistan under a $3 billion bailout.

IMF: International Monetary Fund

*****

Explanation

Sultan Azlan Shah Hockey Cup 2024
Edition: 30th
Venue: Malaysia
Winner: Japan (first title)
Runner-up: Pakistan
Starting date: 4 May 2024
Closing date: 11 May 2024
Participating teams: 06
Total matches played: 12
****

Explanation

British Nobel laureate and Theoretical physicist  Peter Higgs died at the age of 94

Nationality: British

Born: 29 May 1929

Died: 8 April 2024

Aged: 94

Explanation

India signed a 10-year contract with Iran to operate the port of Chabahar.

Chabahar is a port located in Iran.

The deal was signed on 13 May 2024

India has been developing the port in Chabahar on Iran’s south-eastern coast along the Gulf of Oman as a way to transport goods to Iran, Afghanistan and central Asian countries, bypassing the ports of Karachi and Gwadar.

 ***

Explanation

About Paul Auster

Born: February 3, 1947

Died: April 30, 2024

Nationality: American

Profession: Writer/Novelist

 ****