Waseem Akram also praised Babar Azam for getting Stara Imtiaz
Former captain Wasim Akram was forced to praise the captain of the national cricket team, Babar Azam, after getting the star distinction.
According to the private TV channel Express News, Wasim Akram said that Babar Azam is very deserving of this award due to his brilliant batting, under his captaincy, Pakistan reached the final of the ICCT20 World Cup. Keep shining the name of Pakistan.
Govt didn’t consult on petrol subsidy for low-income groups:
The International Monetary Fund (IMF) said that the Pakistani government did not consult the global lender on its petrol subsidy for low-income groups, reported Bloomberg on Tuesday.
Esther Perez, the IMF’s resident representative for Pakistan, told the publication that the lender was not consulted on the government’s plan to raise fuel prices for wealthier motorists to finance a subsidy for lower-income people.
“Fund staff are seeking greater details on the scheme in terms of its operation, cost, targeting, protections against fraud and abuse, and offsetting measures, and will carefully discuss these elements with the authorities,” said Perez.
A day earlier, Minister of State for Petroleum Musadik Malik announced that the federal government in order to cushion the effect of high petrol prices on inflation-hit masses decided to subsidize petrol up to Rs100 for motorcyclists and owners of vehicles up to 800cc.
KASUR: People snatched more than 1,000 flour bags without following the prescribed procedure from two free flour distribution points at Kot Radha Kishan and Kanganpur on Monday.
On the other hand, scores of protesters staged a demonstration and blocked Multan Road in Phoolnagar against the failure of the administration to supply flour bags.
People took away 280 flour bags from a distribution point at Jamshair Kalan in Kanganpur. The officials kept asking the people to follow the procedure but the people, including women, attacked the truck carrying floor bags and took them away.
Punjab police to respond with ‘equal force’ if attacked again, warns Mohsin Naqvi
The Punjab government announced on Monday the formation of a joint investigation team (JIT) to probe the torture of police personnel allegedly at the hands of PTI workers in Lahore over the last week, and also cautioned that any future manhandling of law enforcers will result in an equivalent response.
The decision was announced by Punjab caretaker Chief Minister Mohsin Naqvi at a press conference today.
Over the last few weeks, PTI workers and the Punjab police — aided by their Punjab counterparts and Rangers personnel — have been intermittently engaged in “pitched battles
The clashes first began when the Islamabad police arrived at former prime minister Imran Khan’s Zaman Park residence last week to arrest him in the Toshakhana case. However, it was met with resistance from the PTI chairman’s supporters. During the clashes, which were later stopped by the interference of courts, several policemen were injured.”.
The cloud computing market in the country is expected to reach $1.5b this year
Public cloud is becoming increasingly important for businesses in Asia and Pakistan as it offers numerous benefits such as cost savings, scalability, agility, and flexibility, said Umair Azam, Founder and CEO of Integration Xperts.
In an interview with The Express Tribune, Azam said that the cloud mindset is a way of thinking that emphasizes the benefits of cloud computing and needs a shift in focus from the traditional IT infrastructure to cloud-based solutions that enable organizations to more easily adapt to changing business needs.
According to a report by IDC, public cloud spending in Asia-Pacific excluding Japan (APeJ) is expected to grow at a compound annual growth rate (CAGR) of 25.5% from 2019 to 2024, reaching $124.5 billion in 2024.
In Pakistan, the adoption of public cloud services is also on the rise. Allied Market Research, in its report, says the cloud computing market in Pakistan is expected to reach $1.5 billion by 2023, growing at a CAGR of 19.1% from 2017 to 2023.
“These numbers highlight the increasing importance of public cloud for businesses in Asia and Pakistan, as they embrace digital transformation and seek to leverage the benefits of cloud computing to enhance their competitiveness and drive growth,” remarked Azam.
Credit Suisse to borrow almost $54bn from the central bank after shares dip
Swiss bank Credit Suisse said Thursday it will move to shore up its finances, borrowing up to $54 billion from the central bank after its shares plunged, dragging down other major European lenders in the wake of bank failures in the United States.
Credit Suisse said would exercise an option to borrow up to 50 billion francs ($53.7 billion) from the central bank.
“This additional liquidity would support Credit Suisse’s core businesses and clients as Credit Suisse takes the necessary steps to create a simpler and more focused bank built around client needs,” the bank said.
Fanning new fears about the health of financial institutions following the recent collapse of Silicon Valley Bank and Signature Bank in the US, at one point, Credit Suisse shares lost more than a quarter of their value on Wednesday.
In another one of its fascinating feats, NASA’s James Webb Space Telescope has captured the image of a star on the brink of death.
Through its infrared lens, the JWST spotted the gas and dust flinging out into space by a gigantic start nearly 15,000 light-years away.
The shimmering purple material seen at the borders was once the outer layer of the huge star Wolf-Rayet 124. The star is 30 times bigger than the sun and exists in the constellation Sagittarius. According to NASA, the giant has already let go of material that is 10 times more than our sun.
“What we’re seeing in this beautiful new image at the very center is a star,” said NASA’s Amber Straughn, as reported by Sky News.
The light from that star has been traveling through space for about 15,000 years, it’s 15,000 light years away until it hit the detectors on the telescope. And the material that you’re seeing around the central star that looks like dust is dust,” she said, adding that stars shed out their outer material into the universe when they are about to die.
She called it “one of the most beautiful concepts” in astronomy. It is called Carl Sagan’s Stardust concept which says that the iron in our blood and the calcium in our bones was actually from stars that exploded like this, billions of years ago. According to Sagan, we are literally stardust.
Can electric buses reduce urban air pollution woes?
For Karachi-based Raja Kamran, swapping his motorcycle commute for the country’s first-ever electric bus service has saved cash – and helped him avoid some of the city’s pollution.
A small fleet of fully electric buses started operating in the country’s financial capital in January as part of a government drive to cut worsening air pollution produced by vehicles and industry, power plants, and brick kilns, as well as the burning of solid waste.
“The electric bus service has not only decreased my weekly\ traveling costs but also helped (with) my … health problems,” the 50-year-old journalist said by phone, noting that he had suffered back pain while riding his motorcycle to work.
However, Kamran said there were not enough e-buses – only 10 of the initial fleet of 50 are currently running – and that he sometimes had to wait 45 minutes to catch one of them.
ISLAMABAD – The Pakistani rupee weakened by Rs 1.26 against the dollar in the interbank trading on Wednesday and closed at Rs 279.12 against the previous day’s closing of Rs 277.86. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 278.2 and Rs 281 respectively. The price of the Euro decreased by Rs 2.94 and closed at Rs 294.19 against the last day’s closing of Rs 297.13, according to the State Bank of Pakistan (SBP).
Pakistani rupee depreciated by 63 paisas against the US dollar in the interbank trading on Tuesday and closed at Rs262.51 against the previous day’s closing of Rs261.88.
According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs267 and Rs269.5 respectively. The price of the Euro decreased by 08 paisas and closed at Rs280.10 against the last day’s closing of Rs280.18. The Japanese Yen remained unchanged to close at Rs1.95, whereas a decrease of 06 paisas was witnessed in the exchange rate of the British Pound, which was traded at Rs315.44 as compared to its last closing of Rs315.50. The exchange rates of the Emirates Dirham and Saudi Riyal decreased by 17 paisas each to close at Rs71.47 and Rs69.98 respectively.