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November 22, 2022: National Current Affairs MCQs
1. Pakistan again seeks consensus for Security Council reforms
• Pakistan has once again called for a consensus before changing the form and size of the Security Council (UNSC), countering India`s effort to add more permanent members to the world body.
• `The UN General Assembly has agreed repeatedly that the Security Council needs to be reformed through its expansion on the basis of equitable geographic representation,` said Pakistan`s UN Ambassador Munir Akram.
• `We need a more representative, democratic, transparent, effective and accountable Security Council, said the Pakistani envoy while participating in the annual debate on UNSC reforms at the UN headquarters in New York this week
2. Pak-Afghan border reopens after a week
• Pakistan on November 23, 2022 reopened its border with Afghanistan at Chaman, which remained closed for a week hampering trade between the two neighbouring countries as well as the movement of people through the Friendship Gate.
• On Nov 13, the border at Chaman was closed for an indefinite period after an armed suspect from the Afghan side opened fire on Pakistani security personnel at Friendship Gate, resulting in the martyrdom of one soldier and injuries to two.
• The decision to reopen the border was taken at a meeting between Pakistani border authorities and Taliban officials held in Chaman
3. Foreign direct investment plunges 52pc in four months
• Foreign direct investment nosedived 52 per cent during the first four months of the current fiscal year (FY23), reflecting the poor economic health and political instability in the country.
• The State Bank of Pakistan`s latest data issued on November 21, 2022 showed that the FDI fell to $348.3 million in July-October FY23 from $726.5m during the same period of the last fiscal year (FY22).
• The FDI has been declining each year while the volume of investment is also very thin compared to that of regional countries like India, Bangladesh and China
4. Anwar in talks with rivals despite anti-graft pledge
• Malaysian opposition leader Anwar Ibrahim said on November 21, 2022 he is in talks with the party of ex-premier Najib Razak, who is in jail for corruption, to form the next government after an inconclusive election.
• Anwar`s multi-ethnic coalition, which campaigned on an anti-corruption ticket, won 82 seats in Saturday`s election, the most of any bloc but still short of the majority needed to form government.
• Malaysia, one of Southeast Asia`s biggest economies, has had three changes of government in as many years, underscoring recent political instability. Saturday`s election offered no immediate solution to that impasse, only more of the political horse trading that have characterised recent polls
5. Qatar signs world`s `longest` gas supply deal with China
• Qatar Energy announced a 27-year natural gas supply deal with China on November 21, 2022, calling it the `longest` ever seen as it strengthened ties with Asia while Europe scrambles for alternative sources.
• The state energy company will send four million tonnes of liquefied natural gas annually from its new North Field East project to China Petroleum and Chemical Corporation (Sinopec), it said.
• The deal `marks the longest gas supply agreement in the history of the LNG industry`, said Saad Sherida alKaabi, Qatar`s energy minister and Qatar Energy`s chief executive.
• Asian countries led by China, Japan and South Korea are the main market for Qatar`s gas, which is increasingly being sought by European countries since Russia`s invasion of Ukraine.