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December 12, 2023: National Current Affairs MCQs News
1. ADB to help better access of women to micro credit
The Asian Development Bank (ADB) on Monday announced that it has approved $155.5 million in financing for Pakistan that will support policy reforms enhancing women`s access to finance and providing credit to women-led micro, small, and medium-sized enterprises.
In a statement, the Manila-based lending agency said the financing comprised a $100 million policy based loan that supports legal and regulatory reforms to improve women better access to finance. Another $50m financial intermediation loan is planned to enable participating financial institutions to lend to women entrepreneurs. Another $5.5m grant will finance related activities
2. China agrees to review FTA, boost yuan-based trade
The Chinese government has agreed to consider a request to amend the existing Free Trade Agreement (FTA), supply trade finance in yuans and provide loans to assist industry relocation to Pakistan.
The requests were made during Pakistan`s Interim Commerce Minister Gohar Ejaz`s visit to China, where he is leading a 20-member group. Pakistan and China have come to a mutual understanding to revise the FTA
3. Amara Athar becomes Lahore`s first woman CTO
The Punjab government has appointed BS-19 police officer Amara Athar as the chief traffic officer (CTO) of Lahore, making her the first woman police officer holding the key traffic control assignment in the provincial capital.
She is also the fourth woman police officer posted in Lahore, showing the Punjab Inspector General of Police (IGP) Dr Usman Anwar`s policy of prioritising female officers for the field assignments in a bid to change the decades-old tradition of `male dominant` policing in the province
4. Learners license app launched
The Punjab caretaker government has launched an app to issue learners driving licences online here on Monday to facilitate people in getting the document without visiting any office.
Speaking at the app launch, caretaker Chief Minister Mohsin Naqvi said it would help the applicants to effortlessly secure learners driving licences online
December 12, 2023: International Current Affairs MCQs News
5. Major players see `no deal` as COP28 draft omits fossil fuel phase-out
A draft of a potential climate deal at the COP28 summit on Monday suggested a range of options that countries could take to reduce greenhouse gas emissions, but omitted the `phase out` of fossil fuels that many nations have demanded.
COP28 President Sultan Al Jaber urged the nearly 200 countries at the talks to redouble their efforts to finalize a deal ahead of the scheduled close of the conference on Tuesday, saying they `still have a lot to do`
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