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December 01, 2023: National Current Affairs MCQs News
1. COP28 starts on high note with creation of loss and damage fund
The 28th UN climate summit opened with good news for poor nations struggling to cope with natural disasters, as delegates adopted a new fund to help the developing world bear the cost of climate driven damages.
The 28th UNFCCC Conference of Parties (COP) commenced in Dubai`s Expo City on Thursday with 52,000 party delegates and 90,000 non-party delegates joining this year`s proceedings.
While many observers were already expecting this decision, delegates applauded it with a standing ovation
2. Ordinances promulgated to `fulfil IMF commitments`
The president has promulgated ordinances to restructure the management system of four government institutions in line with the commitment made to the IMF.
The National Highway Authority (Amendment) Ordinance 2023, Pakistan Postal Services Management Board (Amendment) Ordinance 2023, Pakistan National Shipping Corporation (Amendment) Ordinance 2023, and Pakistan Broadcasting Corporation (Amendment) Ordinance 2023 were promulgated on Thursday after respective secretaries `briefed the President on the urgency` of the matter, according to a PID news release
3. South Asia`s first gender bond launched
Credit guarantee provider InfraZamin Pakistan and microfinance institution Kashf Foundation announced on Thursday the closing of South Asia`s inaugural gender bond.
In a gong ceremony at the Pakistan Stock Exchange (PSX), Securities and Exchange Commission of Pakistan (SECP) Chairman Akif Saeed praised the stakeholders for coming up with that debt instrument that helped the microfinance provider raise Rs2.5 billion for onward lending
4. Pakistan faced five-fold surge in malaria cases post-floods: WHO
After experiencing severe flooding last year, Pakistan witnessed a five-fold surge in malaria, with reported cases escalating from 500,000 in 2021 to 2.6 million in 2022 as stagnant water created an optimal breeding environment for mosquitoes, according to the World Malaria Report 2023.
Launched by the WHO on Thursday, the global report said that following the floods, the estimated number of malaria cases in Pakistan stands at three million
5. Gaza truce extended by another day in last-minute deal
Israel and Hamas struck a last-minute agreement on Thursday to extend their ceasefire till Saturday morning, while Egyptian and Qatari negotiators kept pushing for a new two-day extension in exchange for prisoners and aid flows.
The announcement came hours after US Secretary of State Antony Blinken arrived in Israel, urging Tel Aviv to immediately hold Jewish settler extremists accountable for violence against Palestinians in the occupied West Bank. Meanwhile, Gazans have been able to use the week-long truce to venture out, visit abandoned and destroyed homes, and dig scores more bodies out of the wreckage. But residents and international agencies say the aid that has arrived so far is still trivial compared to the besieged enclave`s vast humanitarian needs