National & World

Three of Pakistan’s top richest men now have net worth more than country’s foreign exchange reserves

With the latest drop in Pakistan’s foreign exchange reserves, country’s top three richest men are now richer than the country itself. With a net worth of $8.5 billion, $4.6 billion and $3.7 billion respectively , Shahid Khan, Anwar Parvez and Mian Mansha exceed the country’s foreign exchange reserves of a meagre $3.7 billion, which decreased by $923m during the week due to external debt repayments.

Interior Minister Rana Sanaullah warns Imran Khan of ‘attack’ from foreign agencies

Interior Minister Rana Sanaullah has warned Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan of ‘attack’ from foreign agencies, saying that the former premier’s statements may land him in ‘danger’. Talking to journalists in London, the interior minister said that foreign agencies could take advantage of Imran Khan’s allegations levelled against ‘some people’, adding that they could carry out an attack on the PTI chief.

Poor economic conditions deprive Pakistan of almost 1 lac highly educated people in 2022

A record over 675,000 Pakistanis moved abroad for better jobs due to a lack of proper opportunities and worsening economic conditions in the country in 2022. The picture is even grimmer as 95,000 highly educated Pakistanis left the country to look for well-paid jobs elsewhere. The number is a three-fold increase from 2021 when over 3 lac Pakistanis left the country for work.


Business & Tech

TESLA comes on board as Innovation Partner with Pakistan’s Formula Electric Racing NUST (FERN)

Formula Electric Racing NUST (FERN) continues to make waves in the tech and automotive arena by scoring significant milestones consistently. In a recent promising development, this team of undergraduates has brought Tesla on board as their innovative partner. This is one of the biggest achievements in the team’s long list of internationally coveted accolades.

HBL dismisses allegations in Bloomberg report as ‘meritless’

Pakistan’s largest commercial bank in the private sector, HBL, faces allegations of facilitating terror financing during the 2010-19 period, a charge that the bank said it is contesting “fully and vigorously” in a US court. Media reports suggested that some 370 individual complainants had demanded compensation from HBL. This subsequently triggered a big fall in the bank’s share price on the Pakistan Stock Exchange (PSX) on Thursday.

IMF confirms Pakistan has met all preconditions for resumption of loan program

The top International Monetary Fund (IMF) official in Islamabad has confirmed Pakistan had met the final precondition for the seventh and eighth review under a $6 billion loan program. Pakistan met the last condition by increasing the petroleum development levy (PDL) on July 31. The PDL was raised by Rs10 on petrol and by Rs5 each on HSD, kerosene and light diesel oil (LDO).


Latest News

How to make money online – Five quickest ways to make money online

The world is full of lucrative money-making opportunities ranging from online gaming to the selling and reselling of products. However, what counts is how much money will one make? Working a 9 to 5 job is the most sought-after way as there’s always a paycheck to look forward to. But now working online makes money for millions every day.

11 most successful young Pakistani entrepreneurs of 2021

Pakistan’s youth has proven itself to be highly talented and creative time and time again. In every field, we have seen youngsters of our country outshine with their ingenuity. Despite the lack of sufficient support and funds from the government, the young generation of Pakistan has been able to start lucrative businesses.

Top 16 Fastest Acceleration Cars Commercially Sold In Pakistan

popular feature among many manufacturers. The goal of automakers is to have the fastest accelerating cars that can outrun their peers in straight drag races. Typically, the ‘0-100 KM/H’ method is used to determine how fast a vehicle accelerates.

Three of Pakistan’s top richest men now have net worth more than country’s foreign exchange reserves

With the latest drop in Pakistan’s foreign exchange reserves, country’s top three richest men are now richer than the country itself. With a net worth of $8.5 billion, $4.6 billion and $3.7 billion respectively , Shahid Khan, Anwar Parvez and Mian Mansha exceed the country’s foreign exchange reserves of a meagre $3.7 billion, which decreased by $923m during the week due to external debt repayments.

Interior Minister Rana Sanaullah warns Imran Khan of ‘attack’ from foreign agencies

Interior Minister Rana Sanaullah has warned Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan of ‘attack’ from foreign agencies, saying that the former premier’s statements may land him in ‘danger’. Talking to journalists in London, the interior minister said that foreign agencies could take advantage of Imran Khan’s allegations levelled against ‘some people’, adding that they could carry out an attack on the PTI chief.

Poor economic conditions deprive Pakistan of almost 1 lac highly educated people in 2022

A record over 675,000 Pakistanis moved abroad for better jobs due to a lack of proper opportunities and worsening economic conditions in the country in 2022. The picture is even grimmer as 95,000 highly educated Pakistanis left the country to look for well-paid jobs elsewhere. The number is a three-fold increase from 2021 when over 3 lac Pakistanis left the country for work.

Pakistan’s racing team makes its way to an international racing event after a decade

After almost a decade, Pakistan’s team of qualified racers will participate in the final round of the Dubai Endurance Karting Championship 2022. Up to 42 karting teams, including 15 European national champions, will compete in the event. Formula one world champion Fernando Alonso and former F1 driver Pedro De La Rosa will also participate in the race.

Morocco defeats Portugal to become first ever Afro-Arab FIFA World Cup semi-finalists

The World Cup in Qatar had thrown up yet another stirring upset and in the first tournament to be held in the Arab world, Morocco’s 1-0 win over Portugal ensured that there will be an Arab-speaking team in its final four. This was a win that would not only be celebrated across Morocco but also across the Arab countries, from Saudi Arabia to Algeria. 

Mike Tyson, DJ Khaled visit Mecca to perform Umrah

Former professional boxer Mike Tyson and renowned American rapper DJ Khaled were sighted performing Umrah in Makkah this week. The latter shared a glimpse of their visit on Instagram with a heartfelt caption. In another Instagram post, Khaled also disclosed that Mike Tyson, who reportedly accepted Islam in 1992 was present at the pilgrimage site too.


Sports

Pakistan’s racing team makes its way to an international racing event after a decade

After almost a decade, Pakistan’s team of qualified racers will participate in the final round of the Dubai Endurance Karting Championship 2022. Up to 42 karting teams, including 15 European national champions, will compete in the event. Formula one world champion Fernando Alonso and former F1 driver Pedro De La Rosa will also participate in the race.

Morocco defeats Portugal to become first ever Afro-Arab FIFA World Cup semi-finalists

The World Cup in Qatar had thrown up yet another stirring upset and in the first tournament to be held in the Arab world, Morocco’s 1-0 win over Portugal ensured that there will be an Arab-speaking team in its final four. This was a win that would not only be celebrated across Morocco but also across the Arab countries, from Saudi Arabia to Algeria. 

Entertainment

Hasan Raheem becomes latest Pakistani musician to feature at Times Square

Famous singer and songwriter, Hasan Raheem has become the first Pakistani male artist to make it to the gigantic digital billboard on Times Square in New York. His experimentation of modern music with classic has made him extremely popular among Gen-Z and he was the first RADAR artist for Spotify Pakistan. Spotify’s RADAR program connects people to rising artists from across the globe.

Mahira Khan bags Best Actress award at Indian film festival

Mahira Khan, Pakistan’s arguably biggest superstar, has just laid her hands on the award for Best Actress – Short Film at Indus Valley International Film Festival which was held in New Delhi, India for Prince Charming. Prince Charming talks about post-marital depression, a very real issue in our modern day and age, in a very unique and creative way.