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 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 »
Italy Faces Scorching Temperatures: Rome, Florence, and Bologna among Affected Areas Sixteen cities across Italy are currently grappling with a severe heatwave, prompting red alerts as southern Europe braces itself for the possibility of unprecedented temperatures. The scorching heat has targeted prominent locations such as Rome, Florence, and Bologna, with meteorologists warning that Sicily and… 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 »