Saturday, April 23, 2022

Gold prices decline Rs 800 per tola

Gold prices decline Rs 800 per tola

Gold Price in Pakistan
The price of 10 gram 24 karat gold decreased by Rs686 to Rs113,769 from Rs114,455 while that of 10 gram 22 karat also went down to Rs104,288 from Rs104,917 reported.

The price of per tola and ten gram silver remained constant at Rs1520 and Rs1303.15 respectively.

Read more: Rupee continues slide, reaches Rs187 against dollar in interbank

The price of gold in international market decreased by $9 and was traded at US$1945 against its sale at US$1954, the association reported.



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Russia vows to win 'full control' of east, south Ukraine

Russia vows to win 'full control' of east, south Ukraine

Russia Ukraine Conflict
Russia said Friday it would fight to take control over all east and south of Ukraine but Kyiv pledged to save the country, as the UN documented dozens of civilians killed in one town.

Ukraine s government, emboldened by an influx of Western weaponry, said its beleaguered forces were still holding out inside a sprawling steelworks in the razed port city of Mariupol.

Read more: Russia claims Mariupol 'liberated,' US rushes new aid for Ukraine

The Kremlin has claimed the "liberation" of Mariupol, which is pivotal to its war plans nearly two months after President Vladimir Putin ordered the shock invasion of Russia s Western-leaning neighbour.

"Since the start of the second phase of the special operation... one of the tasks of the Russian army is to establish full control over the Donbas and southern Ukraine," Major General Rustam Minnekaev said.

"This will provide a land corridor to Crimea," he added, referring to the peninsula Russia annexed from Ukraine in 2014.

Minnekaev s comments were the clearest articulation yet of Russia s goals in the invasion s "second phase", which was forced on the Kremlin after Ukraine s Western-backed resistance around the capital Kyiv.

"This only confirms what I have already said multiple times: Russia s invasion of Ukraine was intended only as a beginning," Ukrainian President Volodymyr Zelensky said in his regular evening address.

"We will defend ourselves as long as possible... but all the nations who, like us, believe in the victory of life over death must fight with us."



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Friday, April 22, 2022

New Pakistan government willing to curb fuel subsidies

New Pakistan government willing to curb fuel subsidies

Federal Minister
Federal Minister for Finance and Revenue Miftah Ismail on on Friday agreed with IMF recommendations to reduce fuel subsidies.

Pakistan s new finance minister on Friday agreed with IMF recommendations to reduce fuel subsidies, pledging to pursue structural reforms to boost a crisis-wracked economy.

Read more: Elections will be held after govt completes its tenure: Marriyum Aurangzeb

The International Monetary Fund in 2019 approved a $6 billion loan over three years for Pakistan but disbursement has been slowed down by concerns on the pace of reforms.

Finance Minister Miftah Ismail, who took office this month after a previous government lost a no-confidence vote, said he had "good discussions" with the IMF on a visit during the Washington-based lender s annual spring meetings.

"They ve talked about removing the subsidy on fuel. I agree with them," Ismail, himself a former International Monetary Fund economist, said at the Atlantic Council.

"We can t afford to do the subsidies that we re doing. So we re going to have to curtail this," he said.

He said that former prime minister Imran Khan set a "trap" for his successors through heavy subsidies on fuel.

Ismail, however, said that some targeted subsidies should remain for Pakistan s poorest amid sky-high global prices.

Pakistan s new Prime Minister Shehbaz Sharif has vowed to jumpstart a moribund economy, certain to be a major issue in elections due by late next year.

Pakistan has repeatedly sought international support and suffers from a chronically weak tax base.

Ismail said that Pakistan, the world s fifth most populous nation, needed to move to a new economic model by removing obstacles and promoting exports to the world.



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State Department: Strong, prosperous Pakistan critical to US interests

State Department: Strong, prosperous Pakistan critical to US interests

US Government
The United States government on Friday said that a strong, prosperous, and democratic Pakistan is critical to US interests.

Responding to queries about the current political situation in the Pakistan, the State Department Principal Deputy Spokesperson Jalina Porter said that we have continued to say all along that there is absolutely no truth to those rumors that US was involved in any conspiracy for regime change in Pakistan.

Read more: Govt decides to remove thousands of names from ECL: Rana Sanaullah

She underscore that the United States values its longstanding cooperation with Pakistan and has always viewed a strong, prosperous, and democratic Pakistan as critical to US interests.



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PM to lay foundation stone of Khuzdar-Kuchlak Road,

PM to lay foundation stone of Khuzdar-Kuchlak Road,

shahbaz sharif
Prime Minister Shehbaz Sharif will reach Quetta on a day-long visit to Balochistan today (Saturday). Federal Minister of Communications Asad Mahmood will accompany the Prime minister on the visit.

According to sources, Prime Minister Shahbaz Sharif would lay the foundation stone of Khuzdar-Kuchlak Road. Federal Minister for Communications Maulana Asad Mahmood will give a briefing to the Prime Minister.

Read more: In NSC meeting, security agencies reiterate 'no foreign conspiracy' against PTI govt

Balochistan Chief Minister Mir Abdul Qaddos Bizenjo will brief the Prime Minister on various issues of Balochistan.



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Clashes between Speaker, Deputy Speaker increase over police entering Punjab Assembly

Clashes between Speaker, Deputy Speaker increase over police entering Punjab Assembly

punjab assembly
The clash between the Speaker Chaudhry Pervaiz Elahi and the Deputy Speaker Dost Muhammad Mazari has increased over how the police came inside the Punjab Assembly.

According to details, the Secretary of Punjab Assembly Muhammad Khan Bhatti, on the orders of the Speaker of the Punjab Assembly wrote a letter in this regard to the Chief Secretary and Inspector General (IG) of the police.

Moreover, Chaudhry Pervaiz Elahi got upset from the Chief Secretary and IG Punjab on implementing the courts order.

As per sources, the letter came forth on the media in which it was stated that on April 16, strict action will be taken against the police officials who entered the Assembly.

Whereas on the before mentioned date, Secretary Muhammad Khan Bhatti was suspended according to the Deputy Speaker and inquiry is underway against him.



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Thursday, April 21, 2022

iPhone 14 series likely to have autofocus front camera

iPhone 14 series likely to have autofocus front camera

Apple Iphone
Tech giant Apple is likely planning to unveil its upcoming iPhone 14 series with upgraded front-facing camera with autofocus.

According to GizmoChina, details about the front-facing camera of the Apple iPhone 14 series models have leaked online as analyst Ming-Chi Kuo has revealed what improvements will be made to the front camera of the devices.

Read more: Twitter adopts ‘poison pill’ to fight takeover by Musk

As per the new report, all four models—iPhone 14, iPhone 14 Max, iPhone 14 Pro, and iPhone 14 Pro Max will have an upgraded front-facing camera sensor with f/1.9 aperture and support for autofocus.

In comparison, all the models in the current-generation Apple iPhone 13 series come with a front-facing camera sensor having an f/2.2 aperture and fixed focus.

With a wider aperture, the smartphones will be able to capture more light. It is also said that the camera upgrades will result in an improved depth-of-field effect for the Portrait Mode photos and videos.

On the other hand, the autofocus support for the front camera will enhance the focus during FaceTime calls or video calls using third-party apps.

The Apple iPhone 14 Pro and 14 Pro Max are also expected to come with an upgraded rear camera configuration and possibly feature a 48MP wide lens as the primary sensor with support for 8K video recording.

 



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PSX loses 290.54 points to close at 45,652.62 points

PSX loses 290.54 points to close at 45,652.62 points

Pakistan Stock Exchange
The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 290.54 points, with negative change of 0.63 percent, closing at 45,652.62 points against 45,943.16 points on the last working day.

A total of 186,431,158 shares were traded during the day compared to the trade of 234,997,430 shares the previous day whereas the price of shares stood at Rs 5.621 billion against Rs8.011 billion on last trading day.

Read more: Rupee continues slide, reaches Rs187 against dollar in interbank

As many as 311 companies transacted shares in the stock market, 92 of them recorded gain and 198 sustained losses, whereas the share price of 21 companies remained unchanged.

The three top trading companies were Lotte Chemical with a volume of 19,980,500 and price per share of Rs 19.78, Cnergyico Pk with a volume of 19,858,684 and price per share of Rs6.50 and Pak Refinery with volume of 12,900,500 and price per share of Rs 16.03.

Premium Tex witnessed a maximum increase of Rs35 per share, closing at Rs 2,335 whereas the runner up was Indus Motor Co, the share prices of which climbed up by Rs 8.21 to Rs 1,348.96.

Nestle Pakistan witnessed maximum decrease of Rs 99, closing at Rs5,501 followed by Mari Petroleum, the share price of which declined by Rs29.47 to close at Rs1,701.36.



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Russia claims Mariupol 'liberated,' US rushes new aid for Ukraine

Russia claims Mariupol 'liberated,' US rushes new aid for Ukraine

Ukraine Russia conflict
Russian President Vladimir Putin on Thursday claimed the "liberation" of the flattened city of Mariupol after nearly two months of fighting, demanding its trapped Ukrainian defenders be sealed into their underground last stand.

The fate of the besieged port has become totemic as Russia battles to complete a land bridge covering territories already under its control, including Crimea -- which would deprive Ukraine of its industrial heartland and most of its coastline.

Read more: Ukraine calls for talks in teetering Mariupol as Moscow holds ICBM test

President Joe Biden, however, said Putin was doomed to failure, announcing $800 million (740 million euros) in extra US military aid including howitzers and tactical drones.

"Our unity at home with our allies and partners, and our unity with the Ukrainian people, is sending an unmistakable message to Putin -- he will never succeed in dominating and occupying all of Ukraine," he said.

Ukraine appealed for an immediate humanitarian corridor to allow civilians and wounded fighters to be evacuated from Mariupol s sprawling Azovstal steel plant.

"They have almost no food, water, essential medicine," Ukraine s foreign ministry said.

Three school buses filled with Mariupol evacuees including women and children arrived in the city of Zaporizhzhia after crossing through territory held by Russian forces.

Exhausted evacuee Valentina, 73, told AFP she urgently needed medication for her back as she struggled to remain standing.

"My apartment has been destroyed just like the house of my son," she said, still wearing her slippers along with a torn black coat.



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