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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
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6. US claims shooting down drone from Yemen
A US Navy warship shot down a drone in the Red Sea that emanated from Yemen, two US officials said on Wednesday, in what appeared to be only the second time the United States has brought down projectiles near its warships since the Gaza crisis began.
The officials said the Thomas Hudner, an Arleigh Burke-class destroyer, took down the drone early in the morning
7. Planet `big enough` for both US, China to succeed, says Xi
US President Joe Biden and his Chinese counterpart Xi Jinping had their first face-to-face meeting near San Francisco on Wednesday and both underscored the need to reengage and de-escalate tensions.
In his opening remarks, President Biden stressed the need to prevent competition from escalating into conflict while President Xi emphasised that turning backs on each other was not an option for the United States and China
8. Labour rebellion as UK MPs vote on Gaza ceasefire
With a massive pro Palestine demonstration taking place outside parliament, UK`s House of Commons voted on Wednesday on a divisive amendment calling for an immediate ceasefire in Gaza, with nearly 70 Labour MPs going against the party leadership.
However, both motions on Gaza were defeated, as majority MPs voted against them
9. Babar steps down as post-World Cup overhaul begins
Pakistan cricket`s overhaul in the aftermath of a disastrous World Cup campaign began in earnest on Wednesday when under-fire skipper Babar Azam quit the national team`s leadership in all three formats, with his replacements named soon afterwards.
The Pakistan Cricket Board (PCB) appointed opener Shan Masood as Test captain, gave pacer Shaheen Shah Afridi the T20 reins, and replaced team director Mickey Arthur with former captain Mohammad Hafeez
10. Record Kohli ton, Shami`s magnificent seven power India past New Zealand
Virat Kohli scored a record-breaking 50th one-day international hundred before Mohammed Shami took a sensational seven wicket-haul as India sealed a place in the World Cup final with a 70-run win over New Zealand in Mumbai on Wednesday.
Kohli made 117, to surpass the record he had shared with India great Sachin Tendulkar, and Shreyas Iyer a rapid 105 in a commanding total of 397-4 that also featured Shubman Gill`s 80 not out
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