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November 14, 2022: National / International Current Affairs
National Current Affairs News
1. Pakistan among seven states to get climate disaster funding
• Pakistan and six other nations facing climate risks called `pathfinder countries` will be the first recipients of `Global Shield` funding, it was announced at the COP27 summit in Egypt on November 14, 2022. Bangladesh, Costa Rica, Fiji, Ghana, the Philippines and Senegal were identified as the other recipients of the package by the Vulnerable 20 Group of Finance Ministers (V20) of 58 climate-vulnerable economies and the Group of Seven (G7).
• The `Global Shield` initiative for pre-arranged financial support has been designed to be quickly deployed in times of climate disasters.
• According to the joint press release of V20, G7 and the German Ministry of Economic Cooperation and Development, the Global Shield will start its implementation immediately after COP27.
• Germany is providing some 170 million euros as seed contribution, of which 84m euros are core funding to the Global Shield and 85.5m euros for related climate risk finance instruments.
2. Pakistan population growing at annual rate of 1.9pe: UN
• As the world population has reached eight billion, the United Nations Population Fund (UNFPA) says population is growing in Pakistan at an average annual rate of 1.9 per cent, and nearly 3.6 children are born to a woman on average in the country.
• UNFPA said in a press release issued here on November 14, 2022 that Pakistan is among the eight countries where more than half of the increase in global population leading up to 2050 will be concentrated. The other countries are DR Congo, Egypt, Ethiopia, India, Nigeria, the Philippines and Tanzania.
• According to UNFPA, half of the population that made up the increase from seven billion in 2011 to eight billion now is from Asia.
• It says that eight billion population figure is a milestone for humanity and a moment of reflection. It is time for Pakistan to take stock of the situation and act on the issue
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3. `Pakistan needs $348bn to deal with climate shocks`
• Stressing the need for a collaborative action plan to deal with climate change, Minister for Climate Change Sherry Rehman said Pakistan will need $348 billion until 2030 `to keep its head above water` in the wake of recurring `climate shocks`.
• In her address to the COP27 conference, the minister said even if low-emission countries like Pakistan completely transition to renewable energy, they will not be saved from the impact of global warming.
• She was delivering a keynote address to the parliamentary meeting, jointly held by the Inter-Parliamentary Union (IPU) and the Egyptian House of Representatives
4. ECC okays 27pc hike in Kissan loan package
• The Economic Coordination Committee (ECC) of the Cabinet on November 14, 2022 approved Kissan Package with a 27 per cent increase in agriculture loan target to Rs1.8 trillion and reshaped Kamyab Jawan Programme and Kamyab Pakistan Programmes through consolidation of their similar schemes.
• The meeting of the ECC presided over by Finance Minister Ishaq Dar also approved the standard legal framework for mega solar power projects, the transfer of 2,530 kanal land from the State Engineering Corporation of the Ministry of Industries to the Heavy Mechanical Complex of Special Plans Division at a nominal price and further increased the limit for the premium payable on import of high-speed diesel to avert supply chain disruption.
• The ECC, however, deferred a demand of the Election Commission of Pakistan for a Rs47.417bn supplementary grant for the conduct of general elections
5. Natural disasters affected 50m in Asia last year: report
• Economic losses from drought, floods and landslides have rocketed in Asia, and last year alone, weather and water-related hazards caused total damage of $35.6 billion, affecting nearly 50 million people, according to a report, entitled `State of the Climate in Asia 2021`, released on November 14, 2022.
• The report, which was produced jointly with the UN Economic and Social Commission for Asia and the Pacific (ESCAP), was presented during the UN climate change negotiations, COP27, in Sharm El Sheikh, Egypt.
• It shows how, compared to the average in the past 20 years, economic losses are on the rise for most types of disasters. Economic damage from drought has increased by 63 per cent, from floods by 23pc, and from landslides by 147pc, compared to the 2001-2020 average
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6. Pakistan out of UK`s `high-risk countries` list
• The United Kingdom has removed Pakistan from its `high-risk third countries` list through a statutory instrument, effectively meaning the UK foreign office recognises the progress Pakistan has made to be removed from FATF`s grey list.
• A notification by the Foreign, Commonwealth and Development Office on Monday marked this development, saying the UK recognizes Pakistan`s efforts to improve money laundering and terror financing curbs.
• Foreign Minister Bilawal Bhutto-Zardari hailed the development on Twitter, saying it was `good news` The list includes those countries that the UK deems pose risks due to unsatisfactory money laundering and terror financing controls
International Current Affairs News
7. Afghan supreme leader orders full enforcement of Sharia
• Afghanistan`s supreme leader has ordered judges to fully enforce aspects of Islamic law that include public executions, stoning and floggings, and the amputation of limbs for thieves, the Taliban`s chief spokesman said.
• Zabihullah Mujahid tweeted that the `obligatory` command by Hibatullah Akhundzada came after the secretive leader met with a group of judges.
• Akhundzada, who has not been filmed or photographed in public since the Taliban returned to power in August last year, rules by decree from Kandahar, the movement`s birthplace and spiritual heartland.
• The Taliban promised a softer version of the harsh rule that characterised their first stint in power, from 1996-2001, but have gradually clamped down on rights and freedoms.
8. Iran launches strikes on Kurds in Iraq
• Iran launched a wave of cross-border missile and drone strikes on November 14, 2022 against Kurdish opposition groups based in northern Iraq, where local authorities reported one death and eight wounded.
• Tehran previously launched attacks that killed more than a dozen people in Iraq`s Kurdistan region in late September, after accusing Kurdish armed groups based there of stoking a wave of unrest that has rocked the Islamic republic.
• Iran has been hit by almost two months of protests since the death of Kurdish Iranian woman Mahsa Amini, 22, after she was arrested by the country`s feared morality police for allegedly breaching the strict dress code for women
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9. France, UK sign new deal to thwart migrant Channel crossings
• Britain agreed to pay France another 72.2 million euros ($74.5m) to prevent migrant boat crossings under a new deal signed on Monday that underlines improving ties between the neighbours.
• Around 42,000 people -most of them Albanians, Iranians and Afghans have crossed the Channel to England from France this year.
• The figure is well over last year`s 28,561, which was a thousand-fold increase from 2018 when migrants and asylum seekers first began sailing inflatables across one of the world`s busiest shipping channels
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10. Biden, Xi cool Cold War rhetoric in landmark summit
• Presidents Joe Biden and Xi Jinping tried to take some heat out of their simmering superpower rivalry on November 14, 2022, during a three-hour summit that found common ground on Ukraine but left little doubt that stark differences remain.
• Biden emerged from the meeting proclaiming there need not be a new Cold War, as both the US and Chinese leaders spoke of the desire to prevent high tensions from spilling over into conflict.
• Xi told Biden that the two countries `share more, not less, common interests`, according to a Chinese account of the meeting, sounding more conciliatory than the last three pandemic-filled years without face-to-face presidential meetings would suggest. `The world expects that China and the United States will properly handle the relationship,` Xi told him
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