Current Affairs of Pakistan 2024 | Current Affairs of the World 2024

CURRENT AFFAIRS 2024 BY EDEXMY LMS

PAKISTAN:

• Chief Ministers of Pakistan
• Punjab: Maryam Nawaz (since 26 February 2024)
• Sindh: Murad Ali Shah (since 27 February 2024)
• Khyber Pakhtunkhwa: Ali Amin Gandapur (since 2 March 2024)
• Balochistan: Sarfraz Bugti (since 2 March 2024)
• Gilgit-Baltistan: Gulbar Khan (since 13 July 2023)
• Governors in Pakistan
• Punjab: Sardar Saleem Haider Khan (since 10 May 2024)
• Sindh: Kamran Tessori (since 10 October 2022)
• Khyber Pakhtunkhwa: Faisal Karim Kundi (since 4 May 2024)
• Balochistan: Sheikh Jaffar Khan Mandokhail (since 6 May 2024)
• Gilgit-Baltistan: Syed Mehdi Shah (since 15 August 2022)
• Governor of The State Bank of Pakistan? Jameel Ahmad (Since 06 Aug 2022)

IGs In Pakistan

• Who is the CURRENT IG of Azad Kashmir AJK Police?
  Abdul Jabbar
• Who is the CURRENT IG of Islamabad Police?
• Syed Ali Nasir Rizvi
• Who is the CURRENT IG of Sindh Police?
• Ghulam Nabi Memon
• Who is the CURRENT IG of National Highways and Motorway Police (NHMP) ?
  Salman Choudhry
• Who is CURRENT IGP of Gilgit Baltistan?
  Afzal Mehmood Butt
• Who is the CURRENT IG of KPK police?
• Mr. Akhtar Hayat Khan
• Who is the CURRENT IG of Punjab Police?
• Dr. Usman Anwar
• Who is the CURRENT IG of New Railways Police?
  Rao Sardar Ali Khan
• Who is the CURRENT IG of Balochistan Police?
• Abdul Khaliq Shaikh
• Chief Justices in Pakistan:
• The CURRENT Chief Justice of Lahore High Court is____________?
  Justice Miss Aalia Neelum
• Who is the CURRENT Chief Justice of Sindh High Court?
  Justice Shafi Muhammad Siddiqui
• who is the CURRENT Chief Justice of Balochistan High Court?
  Justice Muhammad Hashim Kakar
• The CURRENT Chief Justice of Peshawar High Court is?
  Justice Muhammad Ibrahim Khan
• Who is CURRENT Chief justice of SC of Pakistan?
  Justice Qazi Faez Isa
• Who is the CURRENT Chief Justice of federal Shariat Court Islamabad Pakistan?
  Justice Iqbal Hameed Ur Rahman
• Who is the CURRENT Chief Justice of Islamabad high court?
  Justice Aamer Farooq
• Who is the CURRENT Chief Judge of Gilgit-Baltistan Chief Court?
• Justice Ali Baig
• The CURRENT Chief Justice of Azad Jammu & Kashmir Supreme Court is?
• Justice Raja Saeed Akram Khan
• The CURRENT Chief Justice of Azad Jammu & Kashmir High Court is?
  Justice Sadaqat Hussain Raja

• Economy of Pakistan:
    GDP Growth: Pakistan’s GDP growth for the fiscal year 2023–24 is estimated at around 2.38%, reflecting a modest recovery from previous years. However, this growth is still lower than the long-term average due to ongoing economic difficulties​ (Pakistan Bureau of Statistics)​ (Focus Economics).
• Inflation: Inflation remains a critical issue, with the Consumer Price Index (CPI) showing an annual inflation rate of around 29.4% in July 2024. This high inflation is driven by a combination of factors, including energy prices, supply chain disruptions, and currency depreciation​ (Pakistan Bureau of Statistics).
• Unemployment: The unemployment rate has been hovering around 6–7%, with the job market under pressure due to sluggish economic growth and high inflation. The exact rate for 2024 is expected to align with these figures, as the economy struggles to create enough jobs​ (Focus Economics).
• Foreign Reserves: Pakistan’s foreign exchange reserves have been fluctuating, with the latest figures showing reserves of approximately USD 8 billion. This low level of reserves is a concern, especially in the context of the country’s large import bill and external debt obligations​ (Pakistan Bureau of Statistics).
• Monetary Policy: The central bank’s policy rate remains high at 22%, aimed at controlling inflation but also reflecting the tight monetary conditions in the country. This high-interest rate environment makes borrowing costly, which can stifle investment and economic growth​ (Focus Economics).
• GDP Growth: Pakistan’s economy has seen a modest recovery, with a projected growth rate of around 2–3% in 2024. This growth is driven by a rebound in the manufacturing sector and an increase in exports, particularly to China​ (KPMG)​ (Focus Economics).
• Inflation: Inflation remains a critical concern, averaging around 25–30% in early 2024. High inflation is driven by food and energy prices, exacerbated by global supply chain disruptions and domestic currency depreciation​ (The Express Tribune).
• Currency Depreciation: The Pakistani Rupee has been under pressure, depreciating significantly against the US dollar. Although some stability was restored through administrative measures and IMF support, the exchange rate remains volatile​ (The Express Tribune).
• Trade Balance: There has been a significant reduction in the trade deficit, down by 34.29% in the first half of FY24. This improvement is largely due to increased exports, especially to China, and a decline in imports​ (The Express Tribune).
• External Debt and IMF Involvement: Pakistan remains heavily reliant on external borrowing, with the IMF playing a crucial role in stabilizing the economy. The $7 billion loan from the IMF is contingent on Pakistan increasing its tax revenue and implementing economic reforms​ (Focus Economics)​ (The Express Tribune).
• Agriculture Sector: The agriculture sector faces risks from climate change, particularly the impact of the monsoon season and potential El Niño effects. These could adversely affect agricultural output and, consequently, overall economic performance​ (The Express Tribune).
• Energy Sector: Energy prices continue to be a significant factor influencing the economic outlook. Geopolitical tensions, such as those related to the Ukraine-Russia conflict, could lead to higher energy costs, impacting inflation and the trade balance​ (The Express Tribune).
• Monetary Policy: The State Bank of Pakistan has maintained a tight monetary policy with high interest rates to combat inflation, but this has also stifled economic growth and increased the cost of borrowing for businesses​ (Focus Economics).
• Unemployment: The unemployment rate remains high, exacerbated by slow economic growth and structural issues in the labor market. Job creation has not kept pace with population growth​ (Focus Economics).
• Fiscal Deficit: The fiscal deficit continues to be a significant challenge, with government spending outpacing revenue collection. The deficit has averaged over 6% of GDP in recent years​ (Focus Economics).
• Remittances: Remittances from overseas Pakistanis have provided some relief, showing strong growth and helping to ease the CURRENT account deficit​ (Focus Economics).
• Business Sentiment: There has been a notable improvement in business and consumer sentiment, reaching multi-year highs by mid-2024. This reflects a cautiously optimistic outlook among businesses despite the challenges​ (Focus Economics).
• Industrial Output: Industrial production, particularly in large-scale manufacturing, has shown signs of recovery, contributing to overall economic growth​ (Focus Economics).
• Public Debt: Public debt remains at elevated levels, posing a long-term challenge for fiscal sustainability. The government is under pressure to implement reforms to manage debt effectively​ (Focus Economics).
• Foreign Exchange Reserves: Pakistan’s foreign exchange reserves are under strain due to debt repayments and the need to import essential goods, despite some improvement due to IMF support​ (Focus Economics).

The World in 2024:

• August 21, 2024: UN Climate Report – The United Nations releases a new climate report emphasizing urgent actions needed to combat climate change, highlighting rising global temperatures and increased frequency of extreme weather events.
• August 20, 2024: Ukraine Conflict – Ukraine and Russia engage in renewed peace talks, with international mediation efforts aimed at de-escalating the ongoing conflict in the Donbas region.
• August 18, 2024: US Presidential Election Campaign – The US presidential election campaign heats up as major candidates make key policy announcements, with debates focusing on economic recovery and foreign policy.
• August 15, 2024: Israeli-Palestinian Peace Talks – The latest round of peace talks between Israel and Palestine takes place in Cairo, with discussions centering on the two-state solution and settlement issues.
• August 12, 2024: Chinese Economic Policy – China announces new economic policies aimed at boosting domestic consumption and reducing reliance on exports amid global economic uncertainty.
• August 10, 2024: International Space Mission – NASA and ESA launch a joint space mission to explore the outer edges of the solar system, aiming to gather data on distant celestial bodies.
• August 8, 2024: Global Health Summit – World Health Organization (WHO) holds a global health summit focusing on the response to emerging infectious diseases and the distribution of vaccines.
• August 5, 2024: Brazilian Environmental Policy – Brazil implements new environmental protection measures to combat deforestation in the Amazon Rainforest, with international support and monitoring.
• August 3, 2024: Indian Political Landscape – The Indian government announces a series of economic reforms aimed at improving infrastructure and attracting foreign investment.
• August 1, 2024: Economic Sanctions on North Korea – The UN imposes new economic sanctions on North Korea in response to its recent missile tests, with increased international pressure for denuclearization.
• July 30, 2024: African Union Summit – Leaders from across Africa gather for the African Union Summit, discussing regional security, economic development, and climate change.
• July 28, 2024: European Union Energy Policy – The EU unveils a comprehensive energy strategy to reduce dependence on fossil fuels and increase investments in renewable energy sources.
• July 25, 2024: Australian Wildfires – Australia faces severe wildfires in multiple states, prompting a national emergency response and international aid for firefighting efforts.
• July 22, 2024: Global Trade Agreement – A new global trade agreement is signed by multiple countries aimed at reducing tariffs and promoting fair trade practices.
• July 20, 2024: Middle East Diplomatic Efforts – A new diplomatic initiative is launched to address ongoing conflicts and humanitarian crises in the Middle East.
• July 18, 2024: Tech Industry Regulation – Several major tech companies agree to new regulations to address privacy concerns and prevent the spread of misinformation online.
• July 15, 2024: International Human Rights Report – A major human rights organization releases its annual report, highlighting abuses and calling for international intervention in various regions.
• July 12, 2024: South Korean Economic Growth – South Korea reports strong economic growth driven by advancements in technology and exports, impacting regional economic dynamics.
• July 10, 2024: Global Water Crisis – International agencies issue a warning about the worsening global water crisis, emphasizing the need for sustainable water management practices.
• July 8, 2024: Russia-Ukraine Grain Deal – Russia and Ukraine agree to a new grain export deal, alleviating global food supply concerns.
• July 5, 2024: UN Security Council Reform – Discussions on reforming the UN Security Council gain traction, with member states debating changes to improve representation and effectiveness.
• July 3, 2024: Iran Nuclear Deal – Negotiations on the Iran nuclear deal reach a critical juncture, with discussions focused on uranium enrichment and economic sanctions.
• June 30, 2024: European Flooding – Severe flooding across several European countries prompts a major humanitarian response and calls for improved climate resilience.
• June 28, 2024: African Health Initiative – A new health initiative is launched across Africa to improve access to healthcare and address the rise of non-communicable diseases.
• June 25, 2024: US-China Trade Tensions – Trade tensions between the US and China escalate, with both countries imposing new tariffs and engaging in high-level negotiations.
• June 22, 2024: G20 Summit – The G20 Summit focuses on global economic recovery strategies, with discussions on sustainable development and international cooperation.
• June 20, 2024: Latin American Political Shifts – Several Latin American countries experience significant political changes, with elections and protests shaping the region’s future.
• June 18, 2024: Global Cybersecurity Threats – A major cybersecurity breach affects multiple countries, leading to increased international efforts to enhance digital security.
• June 15, 2024: South Pacific Natural Disasters – The South Pacific region faces a series of natural disasters, including cyclones and earthquakes, prompting a global aid response.
• June 12, 2024: North Korean Leadership – Speculation surrounds the North Korean leadership as internal power dynamics shift, with potential implications for regional stability.
• June 10, 2024: European Economic Recession – Several European countries enter a mild economic recession, prompting discussions on fiscal policy and economic recovery measures.
• June 7, 2024: World Cup 2024 – The FIFA World Cup takes place, with countries from around the globe competing in a high-profile international sporting event.
• June 5, 2024: Canadian Indigenous Rights – Canada introduces new policies aimed at addressing Indigenous rights and reconciliation, following years of advocacy and legal battles.
• June 3, 2024: Middle East Oil Production – Oil production in the Middle East faces disruptions due to geopolitical tensions, impacting global energy markets.
• May 30, 2024: Global Migration Crisis – The UN reports a significant increase in global migration, with rising numbers of refugees and displaced persons due to conflicts and climate change.
• May 28, 2024: Japan’s Technological Advancements – Japan announces breakthroughs in robotics and artificial intelligence, influencing global tech trends and industry standards.
• May 25, 2024: African Climate Summit – The African Climate Summit addresses climate change impacts on the continent, with a focus on adaptation and mitigation strategies.
• May 22, 2024: US Supreme Court Ruling – The US Supreme Court delivers a landmark ruling on a major constitutional issue, affecting federal and state laws.
• May 20, 2024: Global Debt Crisis – The International Monetary Fund (IMF) warns of a growing global debt crisis, urging countries to implement fiscal reforms and debt management strategies.
• May 18, 2024: European Union Expansion – The EU considers expanding its membership, with several countries expressing interest in joining or deepening their integration with the union.
• May 15, 2024: India-Pakistan Relations – India and Pakistan engage in high-level talks to address long-standing issues and improve bilateral relations.
• May 12, 2024: Technology and Privacy – New regulations are introduced globally to address concerns over technology and privacy, focusing on data protection and user rights.
• May 10, 2024: Global Health Innovations – Advances in medical technology and treatments are announced, offering new hope for combating diseases and improving global health outcomes.
• May 7, 2024: South America Political Protests – Widespread protests erupt in South America over economic inequality and political corruption, leading to significant political changes.
• May 5, 2024: Middle East Water Scarcity – Water scarcity issues in the Middle East prompt international cooperation and investment in water conservation technologies.
• May 2, 2024: International Trade Disputes – Trade disputes between major economies lead to negotiations and agreements aimed at resolving tariff and trade barrier issues.
• April 30, 2024: China’s Belt and Road Initiative – China expands its Belt and Road Initiative with new infrastructure projects across Asia and Africa, impacting global trade routes.
• April 27, 2024: UN Human Rights Council Meeting – The UN Human Rights Council holds a special session to address urgent human rights issues in conflict zones.
• April 25, 2024: European Health Crisis – A health crisis in Europe, potentially related to a new infectious disease, leads to emergency response measures and international collaboration.
• April 22, 2024: Global Tech Conference – The annual global tech conference showcases innovations in artificial intelligence, virtual reality, and other emerging technologies shaping the future.
• March 2024
• March 1: The African Union calls for increased international support for conflict resolution in the Sahel region.
• March 5: A new COVID-19 variant emerges in South Africa, prompting global health alerts and renewed travel restrictions.
• March 8: International Women’s Day sees worldwide protests and rallies advocating for gender equality and women’s rights.
• March 12: The International Criminal Court issues new warrants for individuals accused of war crimes in Myanmar.
• March 15: The U.S. President announces a major infrastructure spending plan aimed at boosting the economy.
• March 18: The International Monetary Fund (IMF) revises global economic growth forecasts due to ongoing geopolitical tensions.
• March 22: A significant oil spill in the Mediterranean Sea causes environmental damage and prompts international response efforts.
• February 2024
• February 2: The Winter Olympics begin in Italy, with a focus on sustainability and climate-friendly practices.
• February 5: North Korea tests a new intercontinental ballistic missile, increasing tensions with neighboring countries.
• February 10: Protests in Brazil over deforestation policies lead to widespread demonstrations and international criticism.
• February 14: A major tech company announces a breakthrough in quantum computing, promising significant advancements in technology.
• February 20: The UN reports a humanitarian crisis in Yemen, with millions facing severe food shortages.
• February 22: The European Central Bank introduces new measures to support struggling economies in the Eurozone.
• February 28: The U.S. and China reach a tentative trade agreement, easing some of the trade tensions between the two countries.
• January 2024
• January 1: New Year’s Day celebrations are marked globally with a focus on hopes for economic recovery post-pandemic.
• January 4: The U.S. Federal Reserve raises interest rates by 0.25% to tackle inflation.
• January 7: Protests erupt in Iran against the government’s handling of economic issues and political freedoms.
• January 10: The World Health Organization (WHO) reports a significant decrease in COVID-19 cases globally, thanks to vaccination efforts.
• January 12: A major earthquake hits Turkey, causing widespread damage and casualties.
• January 15: The European Union announces new economic sanctions against Russia over continued aggression in Ukraine.
• January 20: The U.S. Supreme Court rules on a landmark case regarding privacy rights and digital surveillance.

• January 25: A new climate agreement is reached at the UN Climate Change Conference, aiming for stricter carbon emissions targets.

Games:

  Summer Olympics

Location: Paris, France

Dates: July 26 to August 11, 2024

Highlights: The Games will feature traditional Olympic sports along with some new additions, and the event will be held across various iconic venues in Paris.

  Winter Olympics

Location: Milan-Cortina, Italy

Dates: February 2 to February 18, 2024

Highlights: This Winter Olympics will showcase winter sports such as skiing, ice hockey, and figure skating, with events taking place in Milan and the alpine region of Cortina.

  UEFA European Championship (Euro 2024)

Location: Germany

Dates: June 14 to July 14, 2024

Highlights: The tournament will feature top European football (soccer) teams competing across various German cities.

  Copa Libertadores

Location: Various venues in South America

Dates: Typically begins in January and concludes in November 2024

Highlights: South America’s premier club football competition, showcasing top teams from the continent.

  ICC Men’s T20 World Cup

Location: USA and West Indies

Dates: June 2024

Highlights: This cricket tournament will feature the fastest format of the game, with matches held across multiple venues in the USA and the West Indies.

  Rugby League World Cup

Location: France

Dates: October to November 2024

Highlights: Featuring teams from around the world, this tournament will showcase the best in rugby league.

  FIFA Club World Cup

Location: Saudi Arabia

Dates: December 2024

Highlights: The competition will feature the champion clubs from each of the six continental confederations, plus the host nation’s league champion.

International Summits 2024:

  World Economic Forum Annual Meeting

Date: January 22–26, 2024

Location: Davos, Switzerland

Focus: Global economic trends, climate change, and technological advancements.

  African Union (AU) Summit

Date: February 1–3, 2024

Location: Addis Ababa, Ethiopia

Focus: African integration, economic development, and security issues.

  United Nations Security Council Open Debate

Date: February 15, 2024

Location: New York City, USA

Focus: Global peace and security challenges, with emphasis on conflict zones.

  G7 Summit

Date: May 6–8, 2024

Location: Tokyo, Japan

Focus: Global economic policies, international security, and climate change.

  Shanghai Cooperation Organization (SCO) Summit

Date: May 22–24, 2024

Location: Shanghai, China

Focus: Regional security, economic cooperation, and counter-terrorism.

  G20 Summit

Date: September 5–7, 2024

Location: Buenos Aires, Argentina

Focus: Global economic governance, sustainable development, and financial stability.

  United Nations General Assembly (UNGA) Session

Date: September 17–24, 2024

Location: New York City, USA

Focus: Global development goals, international peace and security, and climate action.

  Climate Summit

Date: October 10–12, 2024

Location: Nairobi, Kenya

Focus: Climate change mitigation, adaptation strategies, and global carbon reduction commitments.

  Asia-Pacific Economic Cooperation (APEC) Summit

Date: November 15–17, 2024

Location: Manila, Philippines

Focus: Trade liberalization, economic integration, and regional cooperation.

  World Health Organization (WHO) Global Health Summit

Date: November 25–27, 2024

Location: Geneva, Switzerland

Focus: Global health issues, pandemic preparedness, and universal health coverage.

  Commonwealth Heads of Government Meeting (CHOGM)

Date: December 2–4, 2024

Location: Nairobi, Kenya

Focus: Commonwealth cooperation, sustainable development, and global security.

  International Monetary Fund (IMF) Annual Meetings

Date: October 9–11, 2024

Location: Washington D.C., USA

Focus: Global financial stability, economic policy, and fiscal management.

  European Union (EU) Summit

Date: October 20–21, 2024

Location: Brussels, Belgium

Focus: EU policies, economic growth, and external relations.

  Organisation of Islamic Cooperation (OIC) Summit

Date: December 12–14, 2024

Location: Doha, Qatar

Focus: Islamic solidarity, political and economic cooperation among member states.

  World Trade Organization (WTO) Ministerial Conference

Date: December 16–18, 2024

Location: Geneva, Switzerland

Focus: Global trade policies, market access, and dispute resolution.