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November 11, 2022: National / International Current Affairs
1. Dar meets top UAE execs in bid to secure financial aid
• Finance Minister Ishaq Dar is in Abu Dhabi to seek financial support, including through selling minority shares of state owned companies listed on the stock market at negotiated prices.
• On the first day of his visit, Mr Dar met with the top management of multibillion-dollar public sector entities like Abu Dhabi`s state holding company ADQ, the International Holding Company (IHC) and Etisalat to discuss investment opportunities in Pakistan.
• Mr Dar`s visit, expected to last until Sunday, is followed by Prime Minister Shehbaz Sharif`s visit to the United Arab Emirates soon after he came to power in April and requested the Emirati leadership for $2-3bn fresh loans
2. Five security personnel hurt in suicide attack
• Five security personnel were wounded in a suicide attack in Mirali area of North Waziristan tribal district on Thursday, officials have said.
• The attack in Mirali took place when soldiers patrolling the area were targeted by a suicide bomber who rammed his motorcycle into their vehicle near Nowrek village, officials added.
• The attack left five soldiers injured who were moved to a hospital in Mirali town. Meanwhile, security forces cordoned off the area and a search operation was in progress
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3. Bill moved in NA against contesting on multiple seats
• An opposition member introduced a private member`s bill in the National Assembly on November 10, 2022, seeking a ban on a candidate if he or she contests elections on more than two seats simultaneously.
• The bill was tabled as lawmakers continued assailing the Pakistan Tehreek-i-Insaf (PTI) for its ongoing protests, urging the federal government to deal with the situation as per the Constitution.
• The bill seeking an amendment to Article 223 of the Constitution, which allows any person to contest election on multiple seats, was tabled by Maulana Abdul Akbar Chitrali, the lone member of Jamaat-i-Islami (JI).
• Speaker Raja Pervaiz Ashraf referred the bill to the relevant house committee after the government supported the move
4. IT minister gives new date for 5G launch
• The government is expected to launch 5G technology in July next year, which was earlier announced to be done by December.
• IT and Telecommunications Minister Syed Amin ul Haq while announcing the new date vowed that the initiative would help further boost the IT industry and its export at an exponential rate. Addressing a ceremony organised by the Department of Computer Science of the University of Karachi, the minister was confident the fresh deadline for the launch of the 5G technology would be met without any further delay
5. Phase out subsidies to bring efficiency to agri-food system: WB
• Saying that the wheat support system needs to be gradually phased down, the latest World Bank report observed that the wheat procurement system in Pakistan is regressive because it benefits mainly large and medium farmers, commercial banks, and millers, and the cumulative outstanding debt from wheat commodity operations is at nearly $4.5 billion creating a circular debt-like situation.
• Officially released on Thursday, the World Bank report, `Country Climate and Development Report for Pakistan` says the agri-food system is fraught with inefficient, costly, inequitable subsidies that are an economic burden and create a distorted incentive structure, which plays a significant role in the sector`s poor performance