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November 15, 2023: National Current Affairs MCQs News
1. Talks with Saudis on Reko Dig stake soon
Talks with Saudi Arabia on the sale of stakes in the multibillion-dollar Reko Diq gold and copper mine will begin soon, the head of the Planning Commission said on Tuesday, as a share price evaluation of the project is now complete.
Talking to the media, Dr Jehanzeb Khan stressed that the $70 billion foreign direct investment anticipated through the Special Investment Facilitation Council (SIFC), ahigh-level civil-military collaborative body, is based on real offers from friendly countries
2. IMF raises questions on SIFC creation
The International Monetary Fund (IMF) has advised Pakistan against creating a group of preferred investors or distortions in the country under the Special Investment Facilitation Council (SIFC) and to ensure transparency and accountability in its business deals.
Deputy Chairman Planning Commission Dr Jehanzeb Khan told economists and journalists that the visiting fund mission had raised questions as to the need for creation of another institution like SIFC and whether this would lead to the distressed sale of assets and advised against preferred investors. They want that `transparency and accountability should be above board` in these matters
3. Kabul raises issue of refugee assets with Islamabad
The Taliban`s acting commerce minister met Pakistan`s foreign minister in Islamabad this week, an Afghan embassy statement said on Tuesday, discussing trade and how the thousands of Afghan citizens Pakistan is expelling could take cash and other assets back to their homeland.
The visit takes place less than a week after Pakistan said that its move to expel hundreds of thousands of undocumented Afghans was a response to the unwillingness of the Taliban-led administration to act against militants using Afghanistan to carry out attacks in Pakistan
4. Pakistan signed contracts with US firms for arms sales to Ukraine: report
Pakistan entered into agreements worth $364 million to sell arms with two private US military companies last year. These weapons were allegedly sent to Ukraine for its war with Russia, BBC Urdu has claimed.
According to the report published on Monday, the contracts were signed with `Global Military` and `Northrop Grumman` for the sale of 155mm shells.
According to the Pakistan Ordnance Factory, the shells could be fired from artillery Howitzer M1, M1A1, M114, M-198 and M-109 A2
November 15, 2023: International Current Affairs MCQs News
5. Israeli army claims seizing parliament in Gaza
The Israeli army claimed on Tuesday it had captured Gaza`s parliament building and other government institutions run by Hamas in Gaza City, as its forces deepened their offensive in the besieged Palestinian enclave. Military units `took over the Hamas parliament, the government building, the Hamas police headquarters and an engineering faculty that served as an institute for the production and development of weapons`, the army claimed in a statement.
Hamas dismissed the Israeli army`s claim that it had taken over institutions
