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November 16, 2023: National Current Affairs MCQs News
1. Success in IMF review set to unlock $700m
The International Monetary Fund (IMF) on Wednesday reached a staff-level agreement with Pakistan on the first review of a short-term loan deal, which will unlock about $700 million next month.
The funds to be issued are a second tranche of the nine-month bailout package and are subject to approval from the IMF`s executive board, the lender said in a statement.
This will bring total disbursements under the $3 billion package, approved in July, to almost $1.9bn
2. Govt okays 40pc tax on banks` windfall income
The caretaker government imposed a one-off 40 per cent tax on bank profits reaped from foreign exchange transactions in the past two years, a measure the previous coalition administration also considered but failed to implement.
The federal cabinet`s approval of the windfall tax came after strong criticism of banks that they had earned a hefty Rs110 billion in profits in 2021 and 2022 from the speculative rupee-dollar trade. The decision was not in line with analysts` expectations as most considered the tax imposition less likely
3. WHO forms 11-member commission to combat loneliness
The World Health Organisation (WHO) has announced the `Commission on Social Connection` to address loneliness as a pressing health threat, promote social connection as a priority, and accelerate the scaling up of solutions.
Senior Pakistani Advocate and Human Rights Defender Hina Jillani has also been nominated as one of the 11 commissioners from across the globe
4. Israelis `withdraw` after West balks at hospital raid
An Israeli army operation in Gaza`s biggest medical facility on Wednesday set off a wave of international condemnation, with even Tel Aviv`s staunchest supporters criticising the move, as the World Health Oragnisation said it had lost contact with staff at the hospital.
Israeli forces pushed into Gaza City`s Al-Shifa hospital a sprawling complex of buildings and courtyards in the early hours of Wednesday morning
5. Qatar seeks deal for prisoners` release, three-day truce
Qatari mediators were on Wednesday seeking to negotiate a deal between Hamas and Israel that includes the release of around 50 prisoners from Gaza in exchange for a three-day ceasefire, an official briefed on the negotiations said.
The deal, under discussion, which has been coordinated with the US, would also seek rael release some Palestinian women and children from Israeli jails and increase the amount of humanitarian aid allowed into Gaza, the official said