Commerce Minister Meets SBP Governor

On Sunday, Federal Commerce Minister, Syed Naveed Qamar met the governor of the State Bank of Pakistan to discuss financial matters.

Naveed Qamar discussed the economic issues regarding the stuck-up consignments, the opening of Letters of Credit (LCs), and issues faced by business communities.

Governor of the State Bank of Pakistan, Jameel Ahmad assured the Federal Commerce Minister that State Bank will try to resolve all the issues and facilitate programs that will help with the trade and business communities.

Jameel Ahmad further mentioned that ongoing problems are due to the changed regulatory framework of foreign exchange.

Both the finance minister and SBP governor agreed to work together in close coordination to implement measures that will facilitate the economy and solve issues regarding stuck-up consignments at Karachi port.

State Bank Governor stated that the consignments got stuck because of non-compliance with policies, and also due to floods in Sindh and Baluchistan that slowed down the process.

Reko Diq Project Continues After Court’s Approval

Reko Diq is the world’s largest undeveloped mine of copper and gold which is located in the Chaghai District in Baluchistan, Pakistan.

It is the largest mine in the world because it has estimated reserves of 5.4 billion tonnes of copper and gold ore. However, a dispute case stopped the development of this project.

But Canadian mining firm, Barrack Gold Corporation has taken the responsibility of developing the Reko Diq project after Pakistan’s top court and parliament agreed to their terms and allowed them to the reconstitution of Reko Diq project.

A couple of days ago, Pakistan signed a deal with Barrick Gold Corporation to revive the project and settle the long-running dispute of $11 billion.

According to the agreement, Reko Diq is owned 50% by Barrick, 25% by three federal state-owned enterprises, 15% by the Province of Baluchistan on a fully funded basis and 10% by the Province of Baluchistan on a free carried basis.

CEO of Barrick Gold Corporation suggested that this project will be world class and long-life mind that will not only benefit Barrick Gold Corporation but also benefit the Pakistani stakeholders and their future generations.

Gunman Shooting Kills 5 People in Toronto

Police received a complaint of firing from a building in Vaughan towards the Northern part of Toronto. Police observed that 5 people have died due to gunfire.

On Sunday, a gunman open fire at a block of flats in Vaughan which killed 5 people and injured others. The injured people were immediately rushed to hospital and other people living in the flats evacuated the building to avoid any harm.

The chief police officer of Toronto, Mr. MacSween mentioned that authorities are investigating the attack and trying to establish connections between the gunman and dead people.

He further revealed that when police reached the crime scene, it was a horrendous scene that startled everyone as all the dead people were scattered throughout the flats.

The Chief further mentioned that there is no apparent threat to other citizens of Toronto and police will find the culprit no matter what.

Argentina Becomes FIFA World Champion 2022

Leonel Messi’s team, Argentina won the FIFA Worldcup Finals, Qatar 2022 after 36 years after a breath-taking and exciting match that left everyone attached to their seats in a nail-biting position.

The game started with Argentina in the lead because of Messi’s goals. However, within 10 minutes, France leveled the score when Mbappe scored 2 goals in France’s favor back-to-back.

Mbappe became the first player to achieve a hat trick in the Worldcup Final. After the second half, Messi came to rescue Argentina and fetched a goal for his team.

Messi created history with his goals as he became the only player to score a goal in every knockout match.

After finishing extra time, penalty shootouts began and Argentina became the World Champions of 2022 FIFA after 36 years.

Suspended Journalists’ Accounts Back on Twitter

Elon Musk restored all the journalist’s accounts that were suspended some days ago on Twitter after this decision faced a lot of backlashes.

A few days ago, Twitter suspended the accounts of journalists from CNN, The Washington Post, and New York Times, etc. After suspending the accounts, media personalities and the masses took to twitter to speak up against this decision.

Elon Musk maintained that he took this decision because these journalists shared the real-time location of his activities and a stalker stalked his daughter because of this information.

However, the media stated that Elon Musk always talks about freedom of speech and yet he takes decisions that go against the freedom of speech.

United Nation also condemned this suspension of accounts. European Union also condemned this decision and threatened Elon Musk with sanctions on his company if he doesn’t take his decision back.

Therefore, today Elon Musk announced that the suspended accounts of the journalists will be restored. He stated, “The people have spoken. Accounts who doxxed my location will have their suspension lifted now.”

Angelina Jolie to Leave UNHCR Envoy Position

One of the most famous American actors of all time, Angelina Jolie is all set to step down from her position as the special envoy to the United Nations Commissions of Refugees.

Angelina joined the position at UNHCR in 2001 and after spending 20 years giving her services to people who were forced to flee their homelands, working alongside the United Nations, she has decided to take a step back.

Jolie stated, “After 20 years working within the UN system I feel it is time for me to work differently, engaging directly with refugees and local organizations, and supporting their advocacy for solutions.”

However, she did not say that she will leave the aim of helping refugees all around the world. Rather, she believes that she will continue to work for the refugees but in a different manner from now on.

UNHCR also cherishes the efforts and hard work of Oscar-winning actress, Angelina Jolie. The Chief of UNHCR said, “We are grateful for her decades of service, her commitment, and the difference she has made for refugees and people forced to flee.”

Imran Khan to Announce Dissolution of Assemblies

Pakistan Tehreek e Insaaf is all set to embrace the stage at Lahore Liberty Chowk for its power show. Much important information will be revealed in this show regarding PTI’s next steps.

Chairman of Pakistan Tehreek e Insaaf (PTI), Imran Khan will disclose the dates of the dissolution of Khyber Pakhtunkhwa and Punjab assemblies.

Before taking the stage, PTI held a meeting with PTI officials such as CM Punjab, Chaudhry Parvez Elahi, CM Khyber Pakhtunkhwa Mahmood Khan, and other party members.

PTI’s official twitter account tweeted that important information and matters were discussed in the meeting before the show.

After the meeting, CM Punjab Parvez Elahi stated through Twitter that he will stand by Imran Khan and PTI at all costs.

Industrial Activities Slow Down in Pakistan

Karachi Chamber of Commerce and Industry (KCCI) revealed that Pakistan is facing an industrial slowdown because of the non-issuance of letters of credit.

KCCI President, Mohammad Tariq Yousuf mentioned that because of the non-issuance of letters of credit (LCs), companies are unable to import raw materials from other countries.

This situation has caused a slowdown in industrial activities. Moreover, he claimed that this condition can lead to a higher degree of unemployment in an already ailing economy.

Furthermore, the gas crisis is affecting the industrial production sector resulting in an industrial slowdown.

Tariq Yousuf mentioned that industries in the long run will not be able to provide salaries and wages to their employees if the current situation prevails.

Also, if the government is unable to LCs quickly then there can be a severe shortage of basic industrial goods.

United Nation Condemns Accounts Suspension on Twitter

News circled on the internet that Twitter has suspended the accounts of journalists from CNN, Washington Post, New York Times, and others.

Tesla owner, Elon Musk took the decision of suspending the Twitter accounts of journalists because of doxxing. Doxxing is a term that is used to describe the posting of private information about an individual over the internet.

Elon Musk claimed that his live location was revealed and reported by several journalists over the internet due to which a ‘crazy stalker’ tried to stalk his daughter.

However, Twitter’s decision of suspending accounts did not make people happy. Even European Union threatened Elon Musk with putting sanctions on the company.

EU Commissioner Vera Jourova said that Twitter will face sanctions under the Digital Services Act for the freedom of media and fundamental rights.

United Nations also supported EU’s stance and UN Secretary Melissa Flemings added, “media freedom is not a toy. A free press is the cornerstone of democratic societies and a key tool in the fight against harmful disinformation.”

Elon Musk has not commented on anything regarding EU and UN statements.

 

AquaDom Aquarium Explodes in Berlin

Radisson Blu is one of the finest hotels in Berlin which contains AquaDom with a capacity of million liters of water containing different fish species.

This AquaDom is a huge aquarium in the lobby of the hotel containing more than 1500 fish. However, a tragic incident took place in which the Aqua Dom exploded.

AquaDom is 15.5 meters high and is referred to as the largest standing cylindrical aquarium, but it shattered and the water filled the hotel lobby and came out on the streets.

The rescue teams reached the hotel and tried to examine the scenario. They revealed that due to the cold weather, the rescue operation has become difficult.

The team also stated that AquaDom contained more than 100 species of fish. However, almost half of them died and it is hard to rescue others because of the extremely cold weather in Berlin.

Along with the aquarium shattered glass, the doors of the hotel also burst because of water pressure and flew on the streets. The shattered glass injured two people who were rushed to the hospital.

Aamir Liaquat’s Third Wife Arrested

Aamir Liaquat’s third wife, Dania Shah was arrested by the FIA team from Cyber Karachi Wing today in Lodhran. She got arrested on a charge of committing a cybercrime.

Aamir Liaquat Hussain was a media person who got his immense popularity from hosting Ramzan transmissions. He garnered a huge fan following through his game shows and personality.

However, his personal life went into turmoil after his third marriage to a TikTok star, Dania Shah in Lodhran. The marriage did not last long and ended within months but with lots of damage and defamation.

Before announcing her separation from her husband Aamir Liaquat, Dania Shah released an obscene video of her husband lying around in an undressed state and allegedly consuming an illegal substance.

Aamir Liaquat’s daughter filed a case of cybercrime against Dania Shah and FIA team arrested her today in Lodhran. She will present herself in the Karachi Court.

Twitter Suspends Journalist’s Accounts

Recent controversy has surrounded the social media platform Twitter and tech giant Elon Musk yet again.

This time the issue is related to the journalists because Twitter suspended dozens of accounts of Journalists that were covering news regarding Tesla owner, Elon Musk.

People and media are shocked about the news of suspended journalists because of the ironic things that Elon Musk promotes.

Twitter followers are bashing Elon Musk for always talking about free speech and yet suspending journalists for merely speaking.

CNN’s journalist Donnie O’Sullivan’s account was suspended and CNN responded to that by saying that Twitter is getting unstable day by day.

This twitter fiasco is increasing every day and with this latest decision, people are not happy with the way things are going.

APS School Attack – 8 Years of Tragic Memory

On December 16th, 2014, a tragic event happened in Peshawar, Pakistan in Army Public School where terrorists targeted the school and killed 150 people including children, teachers, staff, and security members.

This attack left a mark on Pakistan and will remain tragic for the rest of history. Many parents lost their young children who had dreams of becoming officers and protecting the motherland. However, their hopes were shattered because of this terrorist attack.

Every year Army Public School at Warsak remembers their lost loved ones on the 16th of December and prays for them. All the grieving parents attend the event and share their memories with others.

Pakistan Army retaliated strongly to protect the nation from such terrorists and accelerated Operation Zarb e Azb to eradicate the terrorists from the Pak-Afghan border and Waziristan.

This operation made a significant difference in the law and order situation of the country. The Army Public School opened again and Former General Raheel Sharif himself welcomed the students after the tragedy.

This date remains painful and tragic for all Pakistanis and they will remember their sacrifice for rest of their lives.

Pakistan Gets $475 Million Loans from ADB

Pakistan became the victim of climate change earlier this year when heavy floods strangle the provinces of Sindh and Khyber Pakhtunkhwa. Abnormal rains, thunderstorms, and melting glaciers all surrounded Pakistan and resulted in immense damage.

Due to floods, more than 1700 people died among which many were women and children. Floods damaged countless properties, villages, and crops.

At international events and platforms, Pakistan’s spokesperson made it clear that the country needs economic and financial support from the international community to deal with the situation at hand.

Minister Ayaz Sadiq revealed that Pakistan will get $475 million as it has signed an agreement with Asian Development Bank (ADB) for flood loans.

Economic Affairs Minister said, that ADB signed the loan at the rate of 1% for a period of 40 years.

He further reassured that there is no chance of Pakistan being bankrupt, and if there was such a case then ADB would not have agreed to sign the flood relief agreement.

‘Mera Dil Yeh Pukaray Aaja’ Girl to Star in Music Video

Pakistan Internet sensation girl Ayesha Mano who danced to an old Indian song ‘Mera Dil Yeh Pukaray Aaja’ is all set to make her debut in a music video.

The TikTok star got immensely famous worldwide because of her unique dance at her friend’s wedding which got viral.

She was invited to Nida Yasir’s show where she revealed that she wants to try acting next. Recently, she modeled for an abaya brand. She also auctioned her viral dress on the internet.

Next in line, she will be working with Indian singer CJ Dhillon who is based in Chandigarh. He will work alongside Ayesha Mano and people will witness her acting skills.

The song is called ‘SUKOON’ and will be released in the coming days. Fans of Ayesha and CJ are all looking forward to this duo working together.

Economic Slowdown Increases in Pakistan

Pakistan is going through an economically rough patch due to which all the industries are slowing down as well.

Pakistan Bureau of Statistics revealed that large-scale manufacturing declined by 7.75 percent in October. Moreover, due to high inflation rates and ever-increasing prices of raw materials, economists believe that there will be a further economic slowdown.

The automobile industry saw a decline of 30%, the textile industry 24%, machinery and equipment 38%, computer and electronics products 25%, and pharmaceuticals 18%.

Pakistan Bureau of Statistics stated that “The production in July-October 2022-23 as compared to July-October 2021-22 has increased in wearing apparel and furniture while it decreased in food, tobacco, textile, coke & petroleum products, pharmaceuticals, rubber products, non-metallic mineral products, fabricated metal, electrical equipment, machinery and equipment, automobiles and other transport equipment.”

Tesla’s Shares Performance Shows Decline

The major electric car company Tesla is showing a significant decline in the share market as Elon Musk sold $3.2bn in shares

Elon Musk recently sold 22 million shares of Tesla worth $3.2bn. According to the US financial regulator, Elon Musk sold Tesla shares worth $40 billion.

The selling of the shares is decreasing the prospects for Tesla company because the investors observed that Tesla demonstrated the worst performance in stocks among other electric car companies.

Investors believe that after buying the social media platform Twitter, Musk is too much invested in that business and his attention is diverted. He pays his full attention to Twitter when he should also be catering to Tesla.

Last month, only a few days after buying Twitter, Elon revealed that he has sold shares of Tesla worth $3.4 billion.

Investors worry that at this pace, the demand for Tesla electric cars might slow down over time, damaging the company’s reputations and shares furthermore.

 

France Heads Into the FIFA Worldcup Finals

France made its way into the Worldcup finals against North African team Morocco in a much-anticipated game, leaving many people in tears.

France secured their place in the FIFA finals by beating Morocco 2-0 not giving them any opportunity to make a comeback.

The goals were made by Theo Hernandez and substitute Randal Kolo Muani leading France to its fourth FIFA Worldcup finals.

France managed to acquire the first goal within thirty minutes of the game creating immense pressure on the Moroccan team.

Morocco tried their best with their defense and attack strategies but all in vain due to France’s powerful attack against them.

When the game finished, tears and sad faces were seen in the stadium on the faces of Moroccan fans and the team. The Moroccan coach said that they paid for the slightest mistakes.

French President, Emmanuel Macron attended the semi finals to support his French team and was seen celebrating for the victory of his country.

Louis Vuitton’s CEO Overtakes Elon Musk as Richest Man

Forbes released the list of the richest men in the world and Elon Musk has lost his top position to CEO of LVMH

The chief executive officer of Louis Vuitton, Bernard Arnault is the richest man in the world at the moment according to Forbes and Bloomberg.

Louis Vuitton is a luxury goods brand that is one of the most sought brands in the world of fashion.

Previously, Tesla Owner, Elon Musk held the position of being the number one richest man but he has been replaced now because of his Tesla shares going down a bit.

According to Forbes, Elon Musk’s net worth is $172 billion. On the other hand, Bernard Arnault’s net worth is $188 billion.

Investors suspect that Tesla’s demand will slow over time because of some crashes and autopilot features. Moreover, with high inflation rates, buyers are not keen in getting expensive cars that require expensive treatments.

Shahid Afridi Shares Views on Pakistan’s Batting Order

Former captain and skipper Shahid Afridi shares his views on the batting order of the Pakistani Cricket team and suggests changes

Pakistan is currently having test series in Rawalpindi against England. The English team has already won three-match series in quite an easy manner with their tremendous performance.

The last test match between Pakistan and England is left and anticipated to see a better performance from the green shirts in their home ground.

Former player Shahid Afridi at an event in Karachi shared his views regarding the performance of Pakistani players in this series.

He suggested that Pakistan’s batting order needs some changes.

He said that the Pakistan cricket team should include players like Sarfaraz Ahmed and Shan Masood because of their experience and great form for test match format.

Further, he praised England for their powerpack performance in the test series. He also appreciated Ben Stokes for his excellent decision making.

Coming Future Holds Artificial Womb Facility

Hashem Al Ghaili is a biotechnologist who has developed the idea of establishing an artificial womb facility to produce babies

A revolutionary idea has taken the world of technology by storm and it has been surfacing on the internet for a couple of days now.

Hashem Al Ghaili is a biotechnologist and science communicator who has developed a plan for producing a baby in an artificial womb facility known as Ectolife.

Ectolife is a program developed to counter problems related to declining birth rates, complications in pregnancies, childbirth deaths, and infertility issues.

The program will be able to provide 30,000 babies a year. The artificial womb is filled with fluids that are present in a mother’s womb. The baby will get nutrients through an artificial umbilical cord.

The creator suggests that it is a dream project for people who are trying to conceive but fail due to many reasons. However, Ectolife will solve all these problems.

Parents also have a choice to genetically engineered their babies by choosing their eye color, skin color, height, and intelligence levels.

It is a revolutionary idea but Hashem suggests that due to ethical reasons, they are unable to further proceed with the idea. However, the technology exists.

FTX Founder Sam Bankman Arrested

The founder of the cryptocurrency exchange FTX, Sam Bankman-Fried was arrested in the Bahamas after bankruptcy

Sam Bankman-Fried became the biggest name in the cryptocurrency exchange market as he established FTX and build a billion-dollar company.

However, things did not go smoothly as expected as the cryptocurrency exchange crashed.

Bankman-Fried filed for bankruptcy in the US which caused a stir in the crypto market because many people have invested huge amounts in FTX.

People will not be able to get their amount back due to bankruptcy.

Today, the news sources reported that Sam has been arrested for ‘financial offenses’ against US laws. He will appear in the magistrates’ court in Nassau.

About the events, Sam said, “I didn’t knowingly commit fraud, I don’t think I committed fraud, I didn’t want any of this to happen. I was certainly not nearly as competent as I thought I was,”

 

New Zealand’s Prime Minister Apologizes for Her Remarks

Prime Minister of New Zealand, Jacinda Arden apologized for her remarks regarding opposition spokesperson David Seymour

In a live debate, David Seymour who is the leader of the opposition ACT party asked New Zealand’s prime minister a question.

He asked her about her views regarding “making a mistake, apologizing for it properly, and fixing it”. His question was about the government’s policies during the Covid.

Prime Minister Jacinda Arden answered, “We have openly said, for instance, that [managed isolation and quarantine] was something that was very difficult at the time and that there were people that were affected by it and that we would do things differently if we were ever confronted with it again.”

She further added, “We’ve always made decisions that we believe to be in the best interest of New Zealand at the time.”

When Ms. Arden answered Mr. Seymour, she sat down saying something. The microphone caught her words which said, “such an arrogant prick..”

Mr. Seymour objected to this remark.

Prime Minister’s spokesperson revealed that Primer has apologised for her remarks related to Mr. Seymour.

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