Always Updated
World Bank while pledging its support for Pakistan’s ongoing power sector reform efforts, promised to deliver a comprehensive privatization template to Islamabad next week, with the aim of expediting the privatization process for the Power Distribution Companies (DISCOs). Simon Stolp, South Asia Practice Manager for Energy at the World Bank, and his team met with…
Israel has announced to selling of up to $30 billion of foreign currency in the open market to stabilize its own currency ‘Shekel’. This is the first-ever sale of foreign exchange. The Bank of Israel has taken the decision on Monday as the government is feeling the brunt of the ongoing war with Hamas. Owing…
Surprisingly, Saudi Arabia has declared that they are no longer going to engage in any talks concerning normalizing relations with Israel. US Secretary of State Antony Blinken was informed that the talks were over, signaling a setback in recent American efforts to bring reconciliation and peace between them. Saudi Arabia’s decision to freeze talks sparks doubts on…
The United Nations Population Fund (UNFPA) has predicted that by mid-century, the ratio of the elderly population in India aged over 60 years will double. Presently, a tenth of the Indian population is aged 60 plus, and by 2050, it will be a fifth of the total population. The report says that there are 149…
Russia is likely to relax a ban on pipeline exports of diesel in a few days with quotas to prevent price spikes. The ban on gasoline exports will continue for now, as per the daily Kommersant, citing unknown sources. Despite being the top oil producer, Russia has faced recent fuel shortages locally. It was because…
In today’s advanced technological and digital age, money transaction has become more convenient with the introduction of mobile apps like Cash App. But, at the same time, cybercriminals have also invented novel ways to target these apps. It is a matter of serious concern that people sometimes find their accounts compromised. But, still, there are…
Mark Zukerberg’s Meta to introduce Facebook and Instagram subscription models for Europeans and charge a monthly fee Meta is considering the possibility of charging Europeans $13/month for ad-free versions of its Instagram or Facebook apps. Mark Zuckerberg’s company is to take the move in response to the European Union’s privacy regulations and ECJ’s recent ruling. Notable,…
Citigroup Inc. has predicted that there shall be a drop in crude oil prices next year, with a likely reduction to US$70 a barrel. This is primarily because of lower demand and an anticipated “peak transport fuel demand” according to the U.S. Bank. Currently, at US$92, oil prices have risen steadily due to production cuts by…
The Moon Mission Will Carry Payloads from Pakistan, ESA, France, and Italy. It includes Radioactive Gas Testing Instruments and CubeSat Satellite. China’s Moon mission “Chang’e-6” which is to be launched in the first half of next year will carry a Pakistani satellite to the moon, the China National Space Administration (CNSA) has announced. On its…
As we grow older, the inevitability of that influence can weigh heavily on our minds. According to recent research in the United States, Our body may have the anti-aging power and slow down aging and live healthier lives. This groundbreaking study is based on a commonly used drug. Many of us may already be taking it regularly…
Pakistan has implemented an 8.7% increase in liquefied petroleum gas (LPG) prices for October 2023, equivalent to Rs20.86 per kilogram, affecting both domestic and commercial consumers. The new pricing, effective from October 1, 2023, establishes a rate of Rs3,080 for an 11.8 kg cylinder. This move represents the third consecutive month of LPG price hikes….
Consider Temu for budget-friendly online shopping. Let’s dive in. A Chinese online store has gained fast popularity for its ultra-low prices, with items like sunglasses for $2, necklaces for $1, and glow-in-the-dark pet collars for $3, often under $30. While it’s likened to Shein, Wish, and AliExpress, Temu stands out from a wider product range. Shein…
Pakistan and the GCC signed this historic free trade agreement after negotiations in Riyadh. The FTA, the first by the GCC since 2009, symbolizes a significant step in economic cooperation. Pakistan and the Gulf Cooperation Council (GCC) signed a free trade agreement (FTA) on Friday, marking a significant development following the conclusion of the final…
In a significant development, China inaugurated its high-speed rail line, spanning various bays and tracing the southeastern coastline of Fujian province near the Taiwan Strait, according to reports from state media on Thursday. The maiden voyage of a bullet train took place on Thursday morning, departing from Fuzhou, the provincial capital of Fujian in eastern…
In a covert operation disguised as refugee aid, the United Arab Emirates (UAE) has been providing substantial support to one faction in the ongoing Sudan conflict, a recent investigation by The New York Times revealed. Multiple sources, including both current and former officials hailing from the United States, Europe, and various African nations, have asserted…
In southwestern Pakistan, a powerful bomb struck a mosque during a rally celebrating Prophet Muhammad’s birthday, resulting in a tragic toll of over 50 dead and nearly 70 injured in a devastating terrorist attack. The devastating event unfolded in Mastung, Baluchistan province, where a large crowd had gathered for the Eid Miladun Nabi procession. Victims…
Meta AI: Meta’s Proprietary Chatbot Meta, a longstanding leader in the field of artificial intelligence, has made a significant foray into the realm of AI chatbots with the unveiling of Meta AI. This marks a noteworthy departure for Meta, as the company had not previously ventured into the chatbot domain, setting the stage for a…
Iran’s recent rejection of Pakistan’s Force Majeure notice adds uncertainty to the gas pipeline project, compounded by Islamabad’s challenge of navigating US sanctions on Iran, potentially resulting in an $18 billion penalty from Iran. The United States’ response to the Pakistani government’s request for a waiver on its long-stalled Iran-Pakistan gas pipeline is causing concern,…
These tech giants, including Alibaba, Baidu, China Mobile, Tencent, and Xiaomi, were responsible for emitting 87 million tonnes in the 2021-22 fiscal year, surpassing Hong Kong’s annual emissions of 34.7 million tonnes, which can collectively eliminate emissions equivalent to 2.5 times that of Hong Kong. Five major Chinese ICT giants – Alibaba, Baidu, China Mobile,…
Anti-Muslim hate speech incidents in India surged by over one per day during the first half of 2023, with a total of 255 documented cases primarily concentrated in states gearing up for upcoming elections, as detailed in a report by Hindutva Watch. Hindutva Watch, an organization headquartered in Washington, dedicated to monitoring attacks against minority…