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 »
The health insurance of 600,000 Americans hangs in the balance as negotiations to raise the U.S. debt ceiling reach a critical stage. House Republicans are advocating for enhanced work requirements in federal welfare programs like Temporary Assistance for Needy Families, the Supplemental Nutrition Assistance Program (SNAP), and Medicaid, as part of the debt ceiling deal… Read More »
In a historic announcement, the Met Office has confirmed that the UK experienced its hottest June on record. The average monthly temperature reached a scorching 15.8°C, surpassing the previous highest average temperatures recorded in 1940 and 1976 by 0.9°C. This meteorological milestone has raised concerns about the amplified risk of extreme heat events due to… Read More »
Twitter’s Lawsuit against Indian Government Raises Concerns about Free Speech In a landmark legal battle, Twitter took the Indian government to court in July 2022 to challenge its content takedown orders. This move, unprecedented in the realm of social media, garnered praise from experts advocating for free speech rights. The Indian government’s orders to block… Read More »
Introduction Advocate Sameer Khosa, representing the petitioner, made compelling arguments before the court regarding the unjust arrest of his client. In this article, we will delve into the details of the case, highlighting the absence of evidence and the alleged political motivations behind the arrest. Additionally, we will shed light on the petitioner’s critical circumstances,… Read More »
The Finance Ministry recently announced that the Economic Coordination Committee (ECC) of the Cabinet has given its approval for a supplementary grant of Rs4 billion to Pakistan International Airlines (PIA). This grant is intended to cover the interest payments on loans, which amounted to nearly Rs23 billion. The meeting was chaired by Finance Minister Ishaq… Read More »
Unprecedented Heavy Rainfall Submerges Lahore In 2011, Lahore airport and its neighboring areas witnessed an extraordinary event when they received a staggering 98 millimeters of rainfall in a single day, marking it as the wettest day in the region’s history. Another notable record was set in 1994, when the city of Lahore received 125.5 millimeters… Read More »
The remake of the popular song ‘Pasoori’ for an upcoming Bollywood movie has sparked outrage on Pakistani Twitter. Ali Sethi and Shae Gill’s hit song, originally from Pakistan, has been recreated for the film ‘Satyaprem Ki Katha,’ featuring Kartik Aaryan and Kiara Advani. While the movie is scheduled for release on June 28, the teaser… Read More »
In a significant development, the National Assembly recently passed the revised budget for the upcoming fiscal year. The government, under the guidance of the International Monetary Fund (IMF), has implemented several fiscal tightening measures in order to secure critical funding. This article delves into the details of the revised budget, shedding light on the changes… Read More »
During Prime Minister Narendra Modi’s visit to the United States, President Joe Biden and First Lady Jill Biden hosted a prestigious State Dinner at the White House. The guest list included renowned tech CEOs such as Tim Cook from Apple, Sundar Pichai from Google, Satya Nadella from Microsoft, and industrialist Mukesh Ambani, among others. Let’s… Read More »