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Sawiris Mulls $7bn Investment in Reko Diq; Saudi Arabia Wants to Be Partner
Naveed Ahmed Following Saudi Arabia, Egyptian tycoon Naguib Sawiris, a luminary in the realms of telecommunications and gold mining, is also considering a substantial investment in Pakistan’s Reko Diq Copper Gold project. As far as the volume of foreign investment is concerned, Sawiris wants to invest $7 billion. He wants to expand his business footprint […]
Pakistan Hosts 14-Nation Indus Shield 2023 Air Warfare Exercise
Pakistan and over a dozen other countries are taking part in the mega Air Warfare Exercise, Indus Shield 2023. Pakistan Air Force (PAF) is hosting this 14-nation air exercise, at an operational air base of PAF. As one of the mega aerial warfare exercises of the region, it is marked as a significant milestone in […]
U.S. Urges Saudi Arabia and China to Pressure Hamas, Halt Conflict
Can the U.S. De-Escalate Hamas-Israel Conflict? Involving China and Saudi Arabia to Calm Hamas While Not Stopping Israeli Civilian Killings. The United States has asked Saudi Arabia and China to use their influence and pressure Hamas to stop their militant activities, release hostages, and prevent the Israel-Hamas war from spreading. On Sunday, the U.S. Secretary […]
Pakistan to Auction 5G Spectrum by August 2024
Pakistan is gearing up to auction the 5G spectrum by August 2024, following the approval of the Federal Cabinet—the country’s top decision-making body headed by Prime Minister The Cabinet also established an advisory committee tasked with overseeing preparations for this auction. The Finance Minister will head this committee, while the Minister for Information Technology and […]
World Bank Vows Comprehensive Template to Boost Pakistan’s Power Reform
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 […]
Why Israel is selling $30 billion in foreign currency?
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 […]
Saudi Arabia Ends Talks on Normalizing Relations with Israel
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 […]
India Elderly Population to Double by Mid-Century
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 to Ease Diesel Export Ban with Price-Control Quotas Soon
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 […]
How to Recover Money If My Cash App Account is Compromised?
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 […]
Is Meta to charge EU users for Ad-Free Facebook and Instagram?
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, […]
Pakistan Hikes Liquefied Petroleum Gas Prices by 8.7% in Response to Saudi Aramco’s Action
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. […]
Hey, Is Temu Legit? Here’s What You Should Know Before Ordering
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 […]
Sudan’s Conflict: UAE Secretly Supports Sudan Faction Under Refugee Aid Cover
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 […]
Meta Enters in AI Chatbot Race with Three of Major Product Reveals
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 […]
U.S. Response to Pakistan’s Request for Waiver on Iran-Pakistan Gas Pipeline Sparks Concern
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, […]
Surge in Anti-Muslim Hate Speech Incidents Sweeps India Ahead of Election Season
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 […]
Wood Structure Predates Humans by Almost 175K Years Found
When I First Saw It, I Thought This Can’t Be Real Archaeologists have unearthed what is believed to be the world’s oldest wooden structure, suggesting that woodworking predates our species by at least 175,000 years. A research team made this remarkable discovery near Zambia’s Kalambo Falls, an area renowned for yielding wooden artifacts and stone […]
China’s ‘Batwoman’ Scientist Warns: Another Covid Outbreak Re-emergence Near Certain
Renowned virologist Shi, known for her virus research, has issued a warning in collaboration with colleagues, stressing global preparedness against future diseases akin to Covid-19. The study, conducted by Shi’s team at the Wuhan Institute of Virology, assessed the human spillover risk of 40 coronavirus species, designating them half as “highly risky.” Six of these have […]
Pakistan PM Preparing Response to ‘Enemy’ India ‘Being Strengthened’ by US
Pakistan is preparing to respond to the U.S’ policy of empowering the South Asian nation’s longtime rival India, caretaker Prime Minister Anwar-ul-Haq Kakar told Newsweek Senior Foreign Policy Writer and Deputy Editor of National Security and Foreign Policy Tom O’Connor in an exclusive interview on the sidelines of the United Nations General Assembly. Kakar assumed […]