The Weakening Rupee and its fluctuating exchange rate against the dollar have become a matter of concern in the interbank market. On Tuesday, the rupee experienced a significant depreciation of Rs2.46 against the dollar, dampening the initial optimism surrounding the agreement with the International Monetary Fund (IMF). Understanding the Exchange Rate Movement According to the… Read More »
Bank Makramah Limited (BML) recently obtained approval from the State Bank of Pakistan to change its name from Summit Bank Limited. This strategic decision comes after the acquisition of a controlling stake in Summit Bank by Nasser Abdulla Hussain Lootah, a prominent Emirati investor. However, the name change will be subject to further regulatory and… Read More »
The Supreme Court of Pakistan has denied the federal government’s plea to form a full court bench for the hearing of petitions questioning the trial of civilians in the country’s military courts. The case was resumed by a six-judge larger bench, led by Chief Justice of Pakistan (CJP) Umar Ata Bandial, including Justice Ijazul Ahsan,… Read More »
Witnessing the Astonishing Transformation: Scientists’ Accounts The night turned into day: an extraordinary moment that forever changed the course of human history. In the depths of the New Mexico desert, scientists involved in the Manhattan Project anxiously awaited the culmination of their groundbreaking work. On July 16, 1945, their efforts came to fruition as the… Read More »
With the global interest and advancements in artificial intelligence (AI) on the rise, India’s tech and AI industry has experienced rapid growth in recent times. Embracing the Power of AI in Television Broadcasting While many developers are still exploring the potentials of AI, attempting to grasp its intricacies and implications, some companies have already achieved… Read More »
Reclaiming the Milestone: Shaheen’s Journey to 100 Test Wickets Shaheen Shah Afridi, the remarkable strike bowler, is set to mark his return to the Test cricket arena after a year-long absence due to an injury. The dynamic player will be striving to secure his 100th Test wicket during the upcoming match against Sri Lanka in… Read More »
The chairman of the Pakistan Tehreek-e-Insaf (PTI), Imran Khan, has expressed his determination to establish a new political party in preparation for the upcoming general elections. In an interview with Nikkei Asia on Friday, Khan emphasized his unwavering commitment to securing victory, even in the face of a potential ban on his current party. Nationwide… Read More »
The National Electric Power Regulatory Authority (Nepra) has given its approval for an increase in the national average power tariff by Rs4.96 per unit for the current fiscal year. This decision aims to address various factors affecting the power sector in the country. Higher National Average Tariff for FY2023-24 In a press release, the power… Read More »
The Swedish police have granted a permit for a highly controversial protest that involves the burning of holy texts outside the Israeli embassy in Stockholm. This decision has sparked condemnation from Israel and various Jewish organizations, fueling the ongoing debate surrounding freedom of speech and religious tolerance. Condemnation follows Quran Burning Incident Scheduled for Saturday,… Read More »
The Pakistan Metrological Department (PMD) has issued an alarming urban flooding warning for several regions, including Khyber Pakhtunkhwa (KP), Punjab, and Balochistan. Unprecedented rainfall has transformed Lahore into an urban swamp today, prompting authorities to issue a fresh weather advisory. Urban Flooding in Low-Lying Areas The Met Office warns of potential urban flooding in low-lying… Read More »