Responsive Menu
Add more content here...

Capital Movement

Newspaper

Are alien technologies submerged beneath the sea?

Are alien technologies submerged beneath the sea?

image 76 2

Alien

A meteorite that struck the planet eight years ago and landed in the South Pacific Ocean is thought by an astronomer to have contained technology.

image 87

Avi Loeb believes that the space rock may have come from aliens because of its presumed origin and the fact that it was almost two feet long.At the time of the meteorite’s impact, this notion was widely held. If so, it would be the first extraterrestrial object to strike Earth.

Although the assertion is intriguing, astronomers do not entirely concur with Loeb. His assertion is not well-supported by the evidence, and this is not the first time a meteor has struck the earth. Earth receives meteorites from space every year.

Afghanistan scores 175-6 in the Asia Cup Super Four thanks to Gurbaz

Afghanistan scores 175-6 in the Asia Cup Super Four thanks to Gurbaz

image 76 1

Afghanistan

Rahmanullah Gurbaz, Afghanistan’s opener, scored 84 runs to lead Afghan to a 175-6 victory over Sri Lanka in the first Twenty20 match of the Asia Cup Super Four on Saturday.

image 85

After being given the opportunity to bat first, Gurbaz and Ibrahim Zadran put on a crucial second-wicket stand of 93 runs, with Zadran scoring 40, but Sri Lanka rallied late to lower the opposing total in Sharjah.

image 86

Gurbaz, a wicketkeeper-batsman, narrowly escaped being caught by Maheesh Theekshana in the deep, but replays seemed to indicate the fielder had touched the rope.He lost his opening partner when Dilshan Madushanka bowled Hazratullah Zazai on 13, but he continued to attack and reached fifty in 22 balls.

Kate Middleton is pleading with Prince Harry and Meghan Markle to put an end to the controversy

Kate Middleton is pleading with Prince Harry and Meghan Markle to put an end to the controversy

image 76

According to reports, Kate Middleton is ‘pleading’ with Prince Harry and Meghan Markle to’make peace’ and end their attacks on the’struggling’ Firm.

image 83

Kate Middleton

Everyone knows Kate got along so well with Harry before Meghan came along, the source began by confessing. She is glad to act as a mediator because she is aware that the brothers’ relationship is now tense. Kate wants to demand that the drama halt.

image 84

As far as telling the tabloid that Kate is “ready to beg her brother-in-law to stop the petty pot shots once and for all,” the insider proceeded.

To ensure transparency, a private company will audit the PM Flood Relief Fund

To ensure transparency, a private company will audit the PM Flood Relief Fund

image 75

The federal government has agreed to have the Accountant General of Pakistan Revenues (AGPR) and a reputable private audit company examine the PM Flood Relief Fund, according to Prime Minister Shehbaz Sharif’s announcement on Saturday.

image 80

PM

The prime minister explained the choice on Twitter by asserting that it was done in line with his pledge to uphold transparency.The premier stated, “This is a reflection of our special friendship, and it will assist bring much-needed relief to the people.

image 81

Following horrific floods that claimed more than 1,200 lives and ruined millions of homes earlier today, Pakistan vowed to restore “normalcy” and offer aid to those in need.

Imran's public rallies are condemned by Bilawal

Imran’s public rallies are condemned by Bilawal

image 75 1

Imran Khan’s decision to organise public rallies while the nation is experiencing disastrous flooding has drawn harsh criticism from Foreign Minister and Chairman of the Pakistan Peoples Party Bilawal Bhutto-Zardari.

image 78

rallies

On September 2, Imran Khan claimed that one-third of Pakistan was under water, making it the greatest terrible disaster in the nation’s history. Imran Khan’s remarks angered Bilawal, who expressed his frustration on Twitter.

image 79

One-seventh of the nation’s total population, or around 35 million people, were reportedly affected.The former prime minister is performing in Punjab and Khyber Pakhtunkhwa, according to Bilawal.

Hacking of Fawad Chaudhry's Twitter account

Hacking of Fawad Chaudhry’s Twitter account

image 75

Fawad Chaudhry’s

The PTI announced early on Saturday that Fawad Chaudhry, a senior leader and former federal minister for information, had his Twitter account compromised.

Fawad Chaudhry tweeted that his account has been hacked. Later, PTI via its official Twitter account acknowledged the information and stated that steps are being taken to restore his account.

image 76

You should be aware that Fawad Chaudhry’s account has been compromised. Recovery is taking place, PTI tweeted.Hackers also modified the profile photo and posted inappropriate tweets from Fawad Chaudhry’s account.

image 77

Prior to this, the Twitter accounts of PTI secretary Asad Umar and politician Hammad Azhar, a former federal minister, were also compromised. Later on, both PTI leaders were able to access their Twitter accounts again.

Queen Elizabeth is "threatened" by Meghan Markle's "vault of skeletons"

Queen Elizabeth is “threatened” by Meghan Markle’s “vault of skeletons”

image 58

Queen Elizabeth

Royal experts are in a panic after Meghan Markle allegedly threatened to have “most dirt” on the British Royal Family.She made a number of overt suggestions that she could speak much more in the future, he said in his opening statement.

image 72

They appeared to be threats without a doubt.The expert continued during his interview, “She was coming off as saying, ‘I can say these things, I’ve decided not to’.

image 74

“This assertion has been made only a few months before Prince Harry is expected to publish his scathing expose on the Royal Family, which he calls “dear to his heart.”

Queen Elizabeth

The Webb telescope takes the first image of an extrasolar planet

The Webb telescope takes the first image of an extrasolar planet

image 58 2

Webb telescope

As researchers applaud the James Webb satellite telescope’s performance since its launch last year, it has captured its first image of an exoplanet, a planet outside of our solar system.

Observers have recently been astonished by images from the most powerful space ever constructed, which is currently orbiting the Sun 1.6 million kilometres (million miles) from Earth.

image 71

The exoplanet, known as HIP 65426 b, is a gas giant without a rocky surface and is not likely to be inhabited, according to its most recent ground-breaking images.Sasha Hinkley, an astronomy professor at the University of Exeter who oversaw the observation team, said, “This is a watershed moment, not only for Webb but for astronomy generally.”

Ex-servicemen societies are "illegally claiming association with the armed forces," according to the Defence Ministry

Ex-servicemen societies are “illegally claiming association with the armed forces,” according to the Defence Ministry

image 58 1

illegally

On Friday, the Ministry of Defence stated that ex-organizations servicemen’s are “illegally claiming relationship with the armed services” and distanced itself from them.

According to a statement from the ministry’s Office of Assistant Director , “This office does not recognise or endorse the activities of certain associations of persons masquerading as (or claiming to be) ex-servicemen societies, i.e., Pakistan Ex-Servicemen Society (PESS) and Veterans of Pakistan (VoP), soliciting support and funds for charitable purposes, flood relief, public works, or the propagation of unwarranted ideas.”

image 70

The organisations are “neither recognised nor authorised, on behalf of the military forces, to engage in such actions,” it was further underlined. Ex-servicemen organisations are “illegally claiming association with the armed forces or the instrumentalities,” it was further stated.

Pakistan defeats Hong Kong to advance to the Super 4s of the 2022 Asia Cup

Pakistan defeats Hong Kong to advance to the Super 4s of the 2022 Asia Cup

image 58

Hong Kong

SHARJAH: Pakistan dominated Hong Kong and easily defeated them to go to the Asia Cup 2022’s Super Four stage thanks to their masterful performance on a slow-turning pitch.

In a match that both sides had to win to remain in the competition, Pakistan had set a 194-run target for Kong. However, Pakistan’s bowling display guaranteed that Kong was bowled for just 38 runs, giving the Men in Green a 155-run victory.

This is the lowest score any team has ever achieved against a full member team.The tone was set by Naseem Shah’s double-wicket in the third over of Kong’s innings.

A court in India releases a rights activist who has criticised PM Modi

A court in India releases a rights activist who has criticized PM Modi now , in 2022

image 56

India

A rights activist who was detained after attempting to have Prime Minister Narendra Modi found responsible for fatal sectarian riots 20 years ago was granted bail by India top court on Friday.

When Modi was Gujarat’s governor in 2002, one of the country’s deadliest episodes of religious violence left at least 1,000 people—mostly Muslims—hacked, shot, and burned to death.

image 68

Teesta Setalvad was imprisoned in June following the Supreme Court’s denial of her appeal of a decision exonerating the leader of the massacre. The Supreme Court decided on Friday that Setalvad had been detained long enough to be questioned about the allegations leveled against her.

image 69

A three-judge bench ruled that “the appellant is entitled to the release on interim bail.”Upon learning that a Gujarat court had postponed its own bail hearing for seven weeks, Setalvad, 60, requested the court’s assistance.

She was accused of forging and submitting fake evidence by the government’s legal team as part of their larger allegation of a plot to topple Prime Minister Modi’s administration.In connection with the same case, two ex-police officers have been taken into custody.

The rupee's streak of recovery comes to an end as the economy faces challenges

The rupee’s streak of recovery comes to an end as the economy faces challenges now

image 52 6

KARACHI: On Friday, the Pakistani rupee lost momentum and fell 0.17% to settle at 218.98 against the US dollar in the interbank market as a result of worries over the expanding trade imbalance and escalating inflation.

rupee’s

According to State Bank of Pakistan (SBP) data, the local currency lost 0.38 rupees and finished at 218.98, down from 218.60 the previous day.The International Monetary Fund’s (IMF) contributions and the optimistic development led to the rupee’s strengthening versus the dollar.

But in August 2022, multi-year high inflation based on the consumer price index (CPI) and local economic headwinds put an end to the rebound.

Weekly inflation is at a ten-year high

Weekly inflation is at a 10-year high

image 52 5

Weekly inflation

KARACHI: Due to an increase in vegetable prices, the sensitive pricing index (SPI) rate for the week sharply increased to 45.5% year-on-year, the highest level in ten years, as the nation simultaneously begins to deal with the worst effects of the devastating floods that have affected over 33 million people.

image 67

According to data released on Friday by the Pakistan Bureau of Statistics (PBS), the SPI-based inflation rate increased from the previous week to 1.31%.Inflation continued to rise for a third straight week, partly as a result of supply chain disruption brought on by flooding, which has driven up the cost of basic necessities.

According to data made public by the Pakistan Bureau of Statistics (PBS), the average price of 31 basic products such as eggs, onions, tomatoes, and tomatoes increased over the previous week.

Shahbaz Gill asks the IHC for bail in a case involving sedition

Shahbaz Gill asks the IHC for bail in a case involving sedition

Shahbaz Gill

Shahbaz Gill

Shahbaz Gill, a senior PTI politician, approached the Islamabad High Court (IHC) on Friday after unsuccessfully attempting to obtain bail from a lower court in a sedition case brought against him.

image 65

Gill, the chief of staff for PTI Chairman Imran Khan, has been detained since last month when he was taken into custody following the filing of a treason charge against him for allegedly inciting rebellion within the Pakistan Army through his comments during a private TV channel show.

image 66

The politician claims that he was detained by Kohsar police on August 9 and has named the Kohsar Police Station SHO, City Magistrate Ghulam Murtaza, and others as parties in the plea.

Even with flooding, England nevertheless went on the tour of Pakistan

Even with flooding, England nevertheless went on the tour of Pakistan

flooding

flooding

Despite Pakistan’s recent devastation by flooding, the England and Wales Cricket Board is committed to the next T20 trip of that nation.Due to security reasons, England has not played in Pakistan since 2005, and last year, they abruptly cancelled a scheduled series.

The decision infuriated the Pakistan Cricket Board (PCB), making the arrival of England for a seven-match T20 series beginning on September 20 even more critical for ties between the two nations.

image 64

Despite the greatest floods in Pakistani history, which have left 1,200 dead and are still rising and submerged a third of the nation, matches are scheduled to go place in Karachi and Lahore, and there are currently no adjustments planned.

Bella Hadid is looking for "genuine solutions" to assist flood victims in Pakistan

Bella Hadid is looking for “genuine solutions” to assist flood victims in Pakistan

image 52 2

Bella Hadid

Bella Hadid, an American supermodel, sought information to aid the people of Pakistan when the nation was devastated by floods that affected more than 33 million people and claimed more than 1,200 lives.

image 63

The model posted a video of pupils being rushed while a police officer tries to save them from the lethal floodwaters on Instagram.Identifying effective means of aiding Pakistan. Please send me a message if you have any knowledge, the American supermodel requested.

400 children have died in floods brought on by monsoon rains that broke records and glaciers that are melting in the northern Himalayas.More than 6.4 million people, according to the World Health Organization, are in urgent need of humanitarian assistance.

Armed forces save 2,000 people who were marooned by devastating floodwaters

Armed forces save 2,000 people who were marooned by devastating floodwaters

image 52 1

Armed forces

In a calamity attributed to climate change that has engulfed roughly a third of the country and is still spreading, the armed forces have saved an additional 2,000 people trapped by rising floodwaters, officials said on Friday.

image 61

According to the National Disaster Management Authority (NDMA), record monsoon rains and melting glaciers in northern Himalayas caused floods that killed at least 1,208 people, including 416 children.

image 62

The Pakistani navy has spread out the interior to conduct relief efforts in regions that resemble a sea while the UN has made a request for $160 million in aid to help combat what it called a “unprecedented climatic catastrophe.”

The new law provides for either a death sentence or life in jail for drug dealers

The new law provides for either a death sentence or life in jail for drug dealers, 2022

new law

New law

ISLAMABAD: On Friday, President Dr. Arif Alvi signed the Control of Narcotic Substances (Amendment) Bill, 2022, which enables the death penalty or a life sentence for trafficking in illegal narcotics and psychoactive substances.

image 59

This comprises various amounts of substances like methamphetamine, heroin, morphine, and cocaine (ICE).

If a narcotic drug or psychotropic substance is used inside or close to a school, college, university, educational facility, or any other educational institution, the Act specifies a maximum punishment. new law

image 60

The law has been renamed the Control of Narcotic Substances (Amendment) Act, 2022 in accordance with Article 75 of the Constitution following President Alvi’s consent.

Deadly blast in Afghan mosque kills prominent pro-Taliban cleric

Afghan mosque

Afghan mosque

Deadly blast in Afghan mosque kills prominent pro-Taliban cleric

An explosion tore through a crowded mosque in western on Friday, killing at least 18 people, including a prominent cleric, Taliban officials and a local medic said. At least 21 people were hurt.

The blast went off in the Guzargah Mosque in the western city of Herat during Friday noon prayers, the highlight of the Muslim religious week when places of worship are particularly crowded.

image 57

The explosion killed Mujib-ul Rahman Ansari, a prominent cleric who was known across Afghanistan for his criticism of the country’s Western-backed governments over the past two decades. Ansari was seen as close to the Taliban, who seized control over the country a year ago as foreign forces withdrew.

His death was confirmed by the chief Taliban spokesman, Zabihullah Mujahid.

download 2022 09 02T211101.257

Rugby Championship Five things to know

Rugby Championship

Rugby Championship

Rugby Championship: Five things to know

The second half of the six-round 2022 Rugby Championship begins on Saturday with perennial strugglers Argentina topping the table and world champions South Africa last.

A shock-riddled tournament has seen the Pumas concede 41 points to Australia one week and score 48 against them seven days later.

image 56

The Springboks are not the only team on the back foot with third-placed New Zealand losing at home to Argentina for the first time.

Sport lists five things to know before New Zealand and Australia have home advantage for the second week in a row against Argentina and South Africa respectively.

Brilliant Boffelli
Argentina wing Emiliano Boffelli is the leading points scorer with 54 from a try, and eight conversions and 11 penalties from 22 shots at goals.

But the 27-year-old, who plays for Edinburgh, would not have taken most of those kicks had fly-half Nicolas Sanchez not missed the 2022 edition due to injury.

When both are in the team, Sanchez takes the short and medium-range shots at goal and Boffelli only the long-range attempts.

Hamilton boost

Struggling New Zealand, who have lost six of their last eight matches, hope to continue a perfect record against Argentina in the north island city of Hamilton.

The All Blacks have hosted the Pumas four times there and won by margins ranging from a high of 52 points in 1997 to 15 in 2013.

A stunning seven-point triumph for Argentina in Christchurch last weekend ended a run of 15 consecutive losses to the All Blacks in New Zealand.

Try-scoring forwards

Forwards are leading the way when it comes to tries this season with two flankers, Argentine Juan Martin Gonzalez and Australian Fraser McReight, topping the charts with three each.

Among the foursome who have scored two are South Africa flanker Kwagga Smith, New Zealand hooker Samisoni Taukei’aho and Argentina prop Thomas Gallo.Rugby Championship

download 2022 09 02T210524.722

Italian great Parisse delays retirement with World Cup in mind

Italian great Parisse

Italian great Parisse

Italian great Parisse delays retirement with World Cup in mind

When it comes to retirement, Italian rugby legend Sergio Parisse might easily be taking inspiration from another consummate professional, Frank Sinatra.

Ol’ Blue Eyes first retired in 1971 but came back to play another thousand concerts before his voice finally demanded that he rest up in the easy chair.

Similarly Argentina-born Parisse, who turns 39 in September, has announced he would retire only to row back on it.

Thus the Toulon back-rower is gearing up once more for the club’s Top 14 season-opener against Bayonne on Saturday.

image 54

It will be Parisse’s 20th season of top level rugby -– his 18th in the Top 14 –- and one that he hopes may even allow him to bow out of the game playing for Italy in the 2023 World Cup.

Rewind to the last Rugby World Cup in Japan in 2019 and the stage was set for Parisse, capped 142 times since making his international debut as an 18-year-old in 2002, to bring down the final curtain against New Zealand.

Along came Typhoon Hagibis which caused the match to be cancelled, leaving Parisse with some unfinished business.

Retirement was pushed back only for the pandemic to intervene, since when he has been surplus to Italian requirements. But the candle still burns bright.

“I have never closed the door to the Italian team .

image 55

“To be in the national team, you have to play for a club. If I manage to play well, I will give myself a chance of being called up to the Italy team. And if the coach calls me, I’ll be there. But nothing is decided yet.

“If you call up a 39-year-old player, that player must be up to it. So the priority is to perform well with the club.”

Italy’s first game at next year’s World Cup against Namibia is on September 9, three days before Parisse turns 40.

download 2022 09 02T205414.161

Williams looks to extend US Open farewell, Wu eyes upset, 2022

 farewell,

Williams looks to extend US Open farewell, Wu eyes upset

farewell

Serena Williams aims to extend her emotional farewell tour at the US Open on Friday as China’s Wu Yibing targets a mammoth upset against men’s champion Daniil Medvedev.

After knocking out world number two Anett Kontaveit on Wednesday, Williams has fans daring to dream of a fairytale 24th Grand Slam title as she prepares to retire from the sport.

image 52

The 40-year-old tennis icon will crank up the hysteria further on Friday if she beats Australia’s Ajla Tomljanovic on the Arthur Ashe Stadium court to reach the last 16.

Williams, who barely played for a year before returning to tennis in early August, has been careful to dampen down expectations in what is likely to be her final tournament, dismissing her chances of victory as “fan fantasy.”

But the manner of her second round win over Kontaveit, when she reeled off a series of vintage winners to clinch the decisive third set, has left many wondering if the fantasy may yet become reality.

“There are a lot of very strong girls there in the draw but I think if she plays really good tennis, I think she always has a chance to win,” was Kontaveit’s verdict.

Certainly, Williams’ path to what would be a record-equalling 24th Grand Slam singles final has been blown open by the early demise of several higher-ranked rivals.

image 53

Three of the top four seeds have already fallen, as well as both of last year’s finalists, 2021 champion Emma Raducanu and Canada’s Leylah Fernandez.

Williams herself says she is playing without pressure, liberated from the customary expectation that accompanied her Grand Slam campaigns through the years.

“I don’t have anything to prove, I don’t have anything to win. I have absolutely nothing to lose,” Williams said.

France opens criminal investigation into Pogba extortion claims

France opens criminal investigation into Pogba extortion claims
France on Friday launched a criminal investigation into claims by World Cup winner Paul Pogba that he is the victim of a multi-million euro blackmail plot by gangsters involving his brother, the Paris prosecutor said.

Two investigating magistrates have been appointed to lead the probe, prosecutor Laure Beccuau said in a statement.

Based on the findings of a preliminary investigation launched last month it will examine allegations – for now against persons unknown – including blackmail by an armed gang, kidnapping and membership of a criminal conspiracy, she said, confirming a weekend statement from a judicial source.

download 2022 09 02T205104.545

Pogba’s allegations came after his brother Mathias published a bizarre video online – in four languages (French, Italian, English and Spanish) – promising “great revelations” about the Juventus star.

According to two sources close to the Pogba family contacted by AFP, large sums of money are being demanded from Paul Pogba if he wants to avoid the dissemination of allegedly compromising videos.

France Info reported that Paul Pogba told investigators he had been threatened by “childhood friends and two hooded men armed with assault rifles”.

They are demanding 13 million euros ($13 million) from him for “services provided”, it said.

Pogba explained to investigators that his blackmailers wanted to discredit him by claiming he asked a marabout (holy man) to cast a spell on the Paris Saint-Germain and France star Kylian Mbappé, which Pogba denies.

The investigation is handled jointly by the French police’s anti-gang and central crime units.

Several people, including Pogba’s mother, have already been interviewed by police, a judiciary source .

In India, a man rapes a pregnant cow

In India, a man rapes a pregnant cow

image 47

India

In the Indian region of North Chandanpidi, a man was arrested on Wednesday for sexually assaulting a cow that was pregnant. After receiving a complaint from the cow owner, Pradyut Bhuiya, 29, was taken into custody.

The attacker entered the cattle shed discreetly around midnight, according to the local police, and “brutally raped” the child-bearing animal. The cow died as a result of significant bleeding, according to the complainants.

image 51

The kind Penal Code’s Section 377 was utilized to arrest the accused. A villager said that Pradyut had been the subject of numerous accusations before the rape. According to reports, the 29-year-old had previously stolen vehicles, produce, and animals from the town.

In Texas, a four-year-old brings a gun to school

In Texas, a four-year-old brings a gun to school

image 44

school

HOUSTON: As Americans return from their summer vacation, anxieties of school shootings have returned. A four-year-old in Texas was said to have carried a loaded weapon.

image 49

Two days before to the fright on Wednesday in Corpus Christi, a similar event in Arizona with a child of that same age.In the Texas incident, a employee who was a police officer while not on duty “phoned in for assistance advising that a four-year-old student was in possession of a loaded firearm on campus,” according to police.

image 50

The weapon was taken away by the cop.The child’s parents were recognised as the gun’s owners, and the father, who was 30 years old, was taken into custody.

Internet users in India are criticising a client for having a non-Muslim delivery guy

Internet users in India are criticising a client for having a non-Muslim delivery guy

image 41

Internet

Social media users condemned the racism of a patron who requested that the restaurant not send a Muslim delivery worker. When placing an order for food through the Swiggy app, the consumer placed the instruction in the section designated for instructions.

image 48

Shaik Salauddin, the leader of a workers’ organisation, posted a screenshot of the order request on Twitter and encouraged Swiggy to act. Without regard to their religion, Salauddin stated that they wished to deliver food to “one and all.”internet

image 47

He tweeted, “Dear @Swiggy, please take a stance against such a prejudiced proposal.We (the delivery staff) are here to deliver food to everyone, whether they are Hindu, Muslim, Christian, or Sikh.

Checkmate by ITZY becomes the band's first "Million-seller" record

Checkmate by ITZY becomes the band’s first “Million-seller” record

image 41

ITZY

ITZY’s most recent smash album, Checkmate, breaks records and expands their horizons.Which cited information from the nation’s benchmark Circle Chart, the group’s fifth EP, CHECKMATE, passed the 1 million mark on August 31, 2022, as reported by The Korea Times.

image 46

The EP, which was rated at No. 8 later in the month, has also helped the group land its first top 10 spot on the Billboard 200 main albums chart. The album was published on July 15.Additionally, the five performed concerts in Seoul last month to kick off their first CHECKMATE globe tour.

For those who don’t know, ITZY is a girl group from South Korea made up of the following 5 members: Yeji, Lia, Ryujin, Chaeryeong, and Yuna. Since 2019, hip-hop has gained popularity.

Shehroze Kashif, a mountaineer, claims he conquered six summits "with a shattered bone"

Shehroze Kashif, a mountaineer, claims he conquered six summits “with a shattered bone”

image 35

Shehroze Kashif

Shehroze Kashif, a Pakistani mountaineer who just set a record for being the youngest person to climb all ten eight-thousanders, recently underwent spinal surgery to repair a ruptured disc.

On Twitter, the mountaineer announced the results of his surgery and said that he had been given the diagnosis of having a torn L5-S1 disc, which serves as a shock-absorber to cushion the vertebrae during spine movements.

image 45

“With a broken bone, I have climbed six mountains. In addition to climbing six peaks, I spent a night alone on Nanga Parbat, known as the “killer mountain,” battling for life and death “He wrote.

The $113 million decrease in forex reserves is anticipated to be reversed next week with the addition of IMF profits

The $113 million decrease in forex reserves is anticipated to be reversed next week with the addition of IMF profits now

image 29 1

$113 million

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves decreased by 1.1% once more, continuing the general pattern that has been in place for the past few weeks.

image 42

The SBP’s foreign exchange holdings were valued at $7,697.1 million on August 26, down $113 million from $7,809.9 on August 19 according to statistics the SBP provided on Thursday.With net reserves held by banks other than the SBP included, the nation’s total liquid foreign currency reserves were valued at $13,403.5 million.

image 43

The total amount of net reserves held by banks was $5,706.4 million. The central bank gave no explanation for the decrease.Pakistan now has less than 1.12 months of import coverage in its foreign exchange reserves.

US export restrictions on select high-end AI chips will hurt China's tech giants

US export restrictions on select high-end AI chips will hurt China’s tech giants,2022

image 29

US export restrictions

SHANGHAI: Nearly every significant IT business operating public clouds or cutting-edge artificial intelligence training modules in the nation is expected to be impacted by a US directive banning exports of some advanced semiconductors to China, according to industry analysts.

Nvidia Corp, a chip manufacturer, claimed on Wednesday that US officials had ordered it to cease sending two of the best processing chips for AI development to China.

Additionally, Advanced Micro Devices announced that it had been issued new licence restrictions that would prevent the sale of its cutting-edge AI chip, designated MI250, to China.