PKR Lost Against the Dollar in Open Market

Saleh Kabeer
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PKR Lost Against the Dollar in Open Market

PKR 243 was the dollar’s open market price when ceiling was lifted.

The authorized committee voted in a meeting today to maintain the dollar-rupee parity for selling at  PKR 243, according to Zafar Paracha, general secretary of the Exchange Companies Association of Pakistan (ECAP). The committee has set the dollar purchase rate at 240.60, he noted.

However, the dollar to rupee exchange rate was cited on social media at above 250 before ECAP released the news announcement.

A day ago, the ECAP made a significant step, lifting the cap on the US dollar as of today (Wednesday), in an effort to halt the market’s increasing “artificial” demand for the greenback.

The State Bank of Pakistan’s official rate, the rate offered by exchange businesses, and the black market rate are the three rates at which the dollar is currently exchanged.

Following a meeting of ECAP members on Tuesday, the association released a statement in which it announced the removal of the US dollar ceiling due to its negative impacts.

People Buying Dollars

The association’s statement highlighted the impact of various rates and stated that there was “artificial demand in the market” as a result of people buying dollars from us and selling them on the grey market.

People chose to do this, which caused the company to move from legal to illegal channels, harming the reserves and causing losses to the exchange businesses.

The organization gave an explanation for why the cap was removed, claiming that once the dollar was let to trade at market value, consumers would immediately switch from the grey market to the authorized channels.

Zafar Paracha told Geo. TV in a chat that followed the conference that up to 90% of the demand was “fictitious” because individuals were buying dollars through authorized means and selling them to shady dealers.

“By taking this action, we hope to show individuals how much their money is actually worth. The market will benefit as the supply of dollars rises and the demand for them declines.”

In spite of the fact that market forces will set the exchange rates, Paracha said, he anticipated that the dollar would be exchanged at close to the black market rate of Rs254–Rs257.

When asked if he thought that Finance Minister Ishaq Dar will lift the dollar restriction, Paracha responded, “I am hoping that things will proceed in a better path.”

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Gold Prices in Pakistan – 25 January 2023

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Gold Prices in Pakistan – 25 January 2023

In Karachi, On Wednesday, a tola of 24-karat gold cost Rs 189,650.

A price of Rs162,600 was recorded for 10 grams of 24k gold. The gold prices will be consistent throughout the nation with only minor fluctuations of a few hundred rupees between towns.

Today’s Gold Prices in Pakistan

Similarly, a tola of 22-karat gold was being sold for Rs 172,300 and 10 kilos of 22k gold were being marketed for Rs 149,250.

These gold prices in Pakistan were obtained from the Karachi or Multan gold markets. These rates change at least twice daily and the post is updated often throughout the day.

Note: Since gold prices vary on the global market, they are never set in Pakistan. The prices given here were given by several local gold markets and Sarafa Markets.

City Gold Silver
Lahore PKR 189,650 PKR 2,060
Karachi PKR 189,650 PKR 2,060
Islamabad PKR 189,650 PKR 2,060
Peshawar PKR 189,650 PKR 2,060
Quetta PKR 189,650 PKR 2,060
Sialkot PKR 189,650 PKR 2,060
Attock PKR 189,650 PKR 2,060
Gujranwala PKR 189,650 PKR 2,060
Jehlum PKR 189,650 PKR 2,060
Multan PKR 189,650 PKR 2,060
Bahawalpur PKR 189,650 PKR 2,060
Gujrat PKR 189,650 PKR 2,060
Nawabshah PKR 189,650 PKR 2,060
Chakwal PKR 189,650 PKR 2,060
Hyderabad PKR 189,650 PKR 2,060
Nowshehra PKR 189,650 PKR 2,060
Sargodha PKR 189,650 PKR 2,060
Faisalabad PKR 189,650 PKR 2,060
Mirpur PKR 189,650 PKR 2,060

 

 

Justin Bieber Sold Music Rights For $200m

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Justin Bieber Sold Music Rights For $200m

 

Justin Bieber sell music rights to Hipgnosis Songs Capital for $200 M.

The 28-year-old singer joins a who’s who of artists who have recently made money off of their catalogues thanks to the sale, which has been rumoured for weeks.

Hipgnosis did not publicly disclose the deal’s details, but an insider told the AFP news agency that it was worth roughly $200 million.

Hipgnosis chief Merck Mercuriadis, a longtime music business executive, said in a statement on Tuesday,

“The impact of Justin Bieber on worldwide culture over the previous 14 years has certainly been astounding.”

At only 28 years old, he is one of a select group of defining musicians of the streaming era who have revitalised the whole music business by accompanying a devoted and global audience on his path from a teen phenomenon to a culturally significant artist.

A $1 billion partnership between financial behemoth Blackstone and the British Hipgnosis Song Management results in Hipgnosis Songs Capital.

According to Hipgnosis, they have bought Justin Bieber’s interest in his publishing copyrights for the entirety of his 290-song back catalogue that was issued before December 31, 2021.

According to a second person familiar with the negotiations, Bieber’s longtime label Universal will continue to manage its collection and retain ownership of the artist’s master recordings.

Hipgnosis has purchased the artist’s master rights as well as his adjacent rights, which are royalties that entitle their owner to compensation each time a song is heard in public.

Justin Timberlake and Shakira, two modern celebrities who have also signed deals with Hipgnosis, have sold significant portions of their creative properties.

While legacy musicians like Bob Dylan and Bruce Springsteen have been the main beneficiaries of this trend.

Best-Selling Artist

Younger catalogues are generally considered to be riskier, yet Bieber is one of the best-selling artists of all time, and Hipgnosis now has a part in some of the biggest successes of the twenty-first century, including Sorry and Baby.

Staggering sums—catalogue Springsteen’s reportedly sold to Sony for $500 billion—are seen as sure investments by investors who can bank on reliable returns from time-tested music and the sustainability of streaming as well as ageing artists who are getting their finances in order.

 

 

 

Custom Hold Motorcycle Training Program For Female Officers in Karachi

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Custom Hold Motorcycle Training Program For Female Officers in Karachi

 

As part of Pakistan’s Women Empowerment Program, the Pakistan Customs Airport Collectorate provided motorcycle riding instruction for female personnel on Tuesday.

Thirteen female police officers participated in the motorcycle training program, which was organized in cooperation with ESSA Lab Karachi.

The event, which took place at Air Freight Unit JIAP, included a rally to support women’s independence and self-reliance.

The 13 female officers received certificates of appreciation from Muhammad Yakub Mako, Chief Collector Customs Enforcement South, Dr. Muhammad Nadeem Memon, Collector Customs Airport, and Asadullah Larak, Additional Collector Airport, during the occasion.

The female trainee operatives also received the guests’ motorcycles, helmets, and driving licenses.

Muhammad Yakub Mako, the Chief Collector for Enforcement South, expressed his gratitude for the female staff.

A more progressive society that is healthier, safer, and less discriminatory will have more financially independent women. Women who are economically independent set an example for their children and aid in eradicating long-standing gender biases that are ingrained in our society.

When assessing potential directions for development, research focused on women’s accountability and accessibility is of utmost importance. Women’s tales must be tracked as important aspects of the development demands and changes of any society since women have a significant impact on their families and the community in which they live.

The program’s ability to empower women with greater independence has been one of its most significant effects.

He vowed to keep making similar efforts to help the women in the Customs Department develop strength and independence.

 

Mufti Taqi Says Those Engaged in Anti-State Activities are ‘Rebels’

Saleh Kabeer
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Mufti Taqi Says Those Engaged in Anti-State Activities are ‘Rebels’

Mufti Usmani: Military action against Pakistan is ‘rebellion,’ deemed.

Mufti Taqi Usmani referred to the Tehreek-e-Taliban Pakistan (TTP) as “rebels” while he was virtually speaking at the Paigham-e-Pakistan National Conference on “Countering Violent Extremism, Radicalism, and Hate Speech,” which was held here at the Faisal Masjid Campus of the International Islamic University, Islamabad.

The Ulema and Mashaykh of all schools of thought present at the meeting likewise unanimously approved the edict.

According to Mufti Taqi Usmani, who was leading a group and attended talks in Kabul, the Afghan Taliban also voiced their displeasure with the TTP members who were engaged in terrorist actions in Pakistan.

Jihad has nothing to do with fighting against national security services or engaging in anti-state actions, he said.

Dr. Qibla Ayaz, Chairman of the Council of Islamic Ideology, claimed that the tragic tragedy at Army Public School had brought the entire country together to combat the threat of terrorism.

He said that the government developed “Paigham-e-Pakistan,” a united program to bridge communication gaps and eliminate religious divides for peace and serenity in the nation, with the assistance of Ulema, Mashaykh, and religious experts.

He said that in order for the “Paigham-e-Pakistan” to be implemented at the local level, the parliament should provide it constitutional protection.

Political Instability

Political instability is one of the key reasons for the nation’s economic collapse, according to Hafiz Muhammad Tahir Mehmood Ashrafi, the prime minister’s special representative for interfaith harmony and the Middle East.

He asked the media to exercise responsibility and refrain from publishing or airing bogus news since it had a negative impact on commercial activity.

He claimed that while certain individuals sought to spread anarchy, the Ulema and Mashaykh have reaffirmed their commitment to thwarting the evil plans of the adversary against peace and security.

Chairman of the Central Ruet-e-Hilal Committee Maulana Syed Muhammad Abdul Khabir Azad stated that the “Paigham-e-Pakistan” had brought the country together and was contributing positively to its growth and prosperity. He said, “The Ulema and Mashaykh were opposing the enemy’s purpose and were standing with the Pakistan Army and other security services.”

Hamid Saeed Kazmi, a former minister for religious affairs, said that everyone needed to work together to find the “masterminds” who were poisoning young people’s minds.

According to Allama Iftikhar Naqvi, the “Paigham-e-Pakistan” was producing fruitful effects and needed to be widely publicized to the populace throughout the whole nation.

Mufti Taqi Usmani criticized Imran Khan

He criticized Imran Khan, the leader of the Pakistan Tehreek-e-Insaf (PTI), for inciting divisiveness in society in an effort to seize power.

According to Ziaullah Shah Bukhari, there are several factors promoting sectarianism on social media that may be stopped by conversation or by taking other legal measures.

We should make determined attempts to close the gap between the ulema in Pakistan and Afghanistan, according to Maulana Fazlur Rehman Khalil.

The “Paigham-e-Pakistan” should be taught in schools across the nation, according to Allama Hussain Akbar.

In order to further implement it at the lowest level, he suggested giving local government institutions across the nation a copy of the “Paigham-e-Pakistan.”

Dr. Attur Rehman, Dr. Raghib Naeemi, Allama Tauqir Abbas, Mufti Gulzar Ahmed Naeem, Mufti Nauman Naeem, Pir Syed Ali Raza, Mufti Muneeb-ur-Rehman, Qari Muhammad Hafeez Jalandhari, Muhammad Adil Attari, Pir Chiragh Uddin Shah, Maulana Hamidul Haq Haqqani.

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$70 Million Shock to Textile Sector Due to Power Breakdown

Saleh Kabeer
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$70 Million Shock to Textile Sector Due to Power Breakdown

Power breakdown across the country affected textile industry badly.

7 million dollars has been lost. The APTMA spokesperson has expressed fear that the textile sector may lose billions of dollars if power crises and breakdowns are not brought under control soon. It is noteworthy that millions of people are already facing unemployment in textile and other industrial sectors.

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Will Blackpink Contract With YG Entertainment be Renewed?

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Will Blackpink Contract With YG Entertainment be Renewed?

Blackpink Contract With YG Entertainment will Expire in August 2023.

Blackpink contract with YG Entertainment will expire in August of this year, and whether the group will renew their deal with the music company has become a hot subject recently, according to source the fact that YG’s stock prices are still low compared to its competitors despite diverse momentum reflects the market’s fears as BLACKPINK’s contract expired in August, 2023. Said NH Investment and Securities on January 19.

Blackpink performing at The O2 Arena in December 2022

Will Blackpink Contract With YG Entertainment be Renewed

Blackpink contract renewal is expecting to go smoothly. Therefore its time to put down your unnecessary worries. “As far as I know, for Lisa, who has an absolute impact in Southeast Asian markets including her hometown Thailand, many from nations such as China are expressing the intention to pay her 100 billion won in guarantee,” a K-pop market insider said. “This is difficult to handle given the magnitude of Korea’s market,” he added.

Blackpink Career

Will Blackpink Contract With YG Entertainment be Renewed?

Blackpink began forming when YG Entertainment held tryouts worldwide for preteen or teenage recruits to create a new girl group after launching its first major one, 2NE1, in 2009. According to the members, joining the label as trainees was akin to enrolling in a full-time pop-star academy, with Jennie describing the experience as “more strict than school” and Rosé comparing it to The X Factor with dorm rooms. For members who had left their lives outside of South Korea, the pace of training alongside the culture shock was especially difficult.

Preparations for BlackPink’s debut began as early as 2011, when YG Entertainment reveal on November 14 that their new girl group would debut in the early half of 2012 and feature at least seven members. Jennie was the first group member reveal, on June 1, 2016. She joined YG Entertainment as a trainee in 2010 after moving back to South Korea from New Zealand. She had been introduce to the public for the first time in 2012 in a photo titled “Who’s that girl?” on YG Entertainment’s website on April 10.

Jennie continued to be promoting as a member of the new girl group through multiple collaborations: she starred in G-Dragon’s 2012 music video for “That XX” from his One of a Kind EP and featured in the song “Black” from his 2013 album Coup d’état (2013) and Lee Hi’s song “Special” from her album First Love (2013).

2010–2016: Blackpink Formation & Pre-debut Activities

Lisa was reveal as the new girl group’s second member on June 8, 2016. She was the only individual among 4,000 applicants to pass the 2010 YG Entertainment audition in her native country Thailand and became the label’s first foreign trainee in 2011. She was first introduce in May 2012 in a video that was posted on YG Entertainment’s YouTube channel, titled “WHO’S THAT GIRL”. Lisa also appeared in the music video for Taeyang’s “Ringa Linga” in 2013. She became a spokesperson for street-wear brand Nona9on in 2015 and cosmetics brand Moonshot in 2016.

Jisoo was reveal as the new groups third member on June 15, 2016. She joined YG Entertainment as a trainee in July 2011 and appeared in several advertisements and music videos in her pre-debut years, including “Spoiler + Happy Ending” (2014) from Epik High’s studio album Shoebox and Hi Suhyun’s music video “I’m Different” (2014). She also made a cameo appearance in 2015 drama The Producers.

Rose

Will Blackpink Contract With YG Entertainment be Renewed?

Rose was the final member to be reveal, On June 22, 2016. She ranked first among 700 applicants in the 2012 YG Entertainment audition in Australia, after which she signed a trainee contract with the label and moved to Seoul to begin training. She featured in G-Dragon’s track “Without You” (2012) from One of a Kind. On June 29, YG Entertainment confirmed that the new girl group would have four members instead of the originally planned nine and revealed its official name as Blackpink.

According to a label representative, the group’s name meant “pretty isn’t everything” and symbolized that “they are a team that encompasses not only beauty, but also great talent.

“Jisoo later disclosed in a press conference that other group names under consideration included Pink Punk, Baby Monster, and Magnum. Blackpink released their first dance practice video on July 6, which garnered much public attention. On July 29, YG Entertainment confirmed that BlackPink’s debut would be on August 8, 2016.

 

 

 

 

Man Who Identifies Himself as Woman Owned Miss Universe Organization

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Man Who Identifies Himself as Woman Owned Miss Universe Organization

Miss Universe owners statement on “women empowerment” sparks in media.

The 71st Miss Universe pageant’s biggest news was not Miss Thailand’s gown or Miss USA’s R’Bonney Gabriel winning the title; rather, it was the new pageant owner’s speech that went viral for all the wrong reasons.

“From now on it’s [Miss Universe] going to be governed by women, for all women throughout the world to celebrate the power of feminism,” Anne declared during the 71st Miss Universe pageant’s finale.

Many people were perplexed by the assertion because, biologically speaking, Anne Jakapong was a “he” before she became a “woman,” and Miss Universe is therefore still technically held by a guy.

Anne Jakapong Jakrajutatip, a media tycoon who has starred in several well-known reality series including Shark Tank and Project Runway, is the new owner of the Miss Universe. He underwent a gender change after being born a guy.

Twitter users ridiculed the former Thai man for preaching feminism to women after Anne gave a stirring speech in her capacity as a “trans woman” on the social media site.

Anne Jakapong Jakarajutatip was criticized by political journalist Ian Miles Cheong for educating women about “what it means to be a woman.” He tweeted:

What truly takes the cake is listening to that transsexual Miss Universe owner educate the populace on what it is to be a woman.

“It’s not FEMALE EMPOWERMENT when the first ‘woman‘ to own the MU pageant organization was born a MAN,” another Twitter user commented.

Since 1952, the Miss Universe competition has been a two-day yearly pageant that draws participants from all around the world.

The pageant is renowned for its glamour and glamour as well as for featuring some of the most gifted and stunning ladies in the world. Millions of people worldwide tune in to see this much-anticipated spectacle.

 

 

What Forces Lahori Man To Attempt Suicide Along With 3 Kids?

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What Forces Lahori Man To Attempt Suicide Along With 3 Kids?

In Lahore, a father, fed up with inflation, tried to killed himself.

Rescue 1122 transported the guy who committed suicide with his three kids, and themselves to a hospital in critical condition.

The police claimed that the city was under tremendous financial and emotional strain as a result of rising inflation.

He was unable to provide for himself and his family due to the rapidly rising expenses of his needs.

The youngsters who received poison pills from their father were between the ages of 8 and 15, according to the authorities.

The Sensitive Price Index (SPI), which measures weekly inflation, showed an increase of 31.83 percent for the combined income group ending January 19 on a year-over-year basis, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday. This increase was caused by a sharp rise in the cost of both food and non-food items.

More than 80 million people in Pakistan live in poverty, and committed suicide, according to Miftah Ismail, a former finance minister. Up to 60% of Pakistanis make less than Rs 35,000 each year.

The top five threats Pakistan faces include a debt crisis, protracted and/or rapid inflation, state collapse, a failure of cyber security measures, and a concentration of digital power, according to the World Economic Forum’s global crisis risk assessment released last week.

 

Tourists Throng Quetta’s Hanna lake

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Tourists Throng Quetta’s Hanna lake

Local gather for live Pashto with drums and Kakari Ghara love song.

This group of picnickers comes from the provincial capital of Quetta, and they are engrossed in the old Attan dance frenzy, which is regarded as an essential component of the community’s culture. On the Hanna Lake bank, they begin dancing slowly and sluggishly then pick up the pace over time.

Despite the freezing weather, hundreds of tourists visit the picnic area at Quetta’s Hanna Lake since the recent snowfall and rain turned the area into a winter wonderland.

During the ten-year drought that left most of Balochistan without even drinkable water, the famed man-made lake from the British era had not received a single drop of water.

However, the August 2016 downpour and flash floods were the first time in more than ten years that the depleted water reservoir was filled.

For the past several days, Quetta and the majority of northern Balochistan have been plagued by a weather system that has brought heavy snowfall and rain to the region.

Due to the lack of gas and electricity in the area, some people would rather stay indoors in the bitter cold, while others, particularly children, like snowfall and are making their way to Ziarat and other picnic areas with their friends and relatives.

A visitor from the Muslim Bagh neighborhood of the Killa Saifullah district, Muhammad Ajmal Kakar, told The Express Tribune,

“We are here to enjoy the cold and lovely weather on the bank of this magnificent lake.”

Tourists Reviews

Numerous tourists are also having a good time on the lake’s edge while the snow is falling outside. Kakar is among them.

They’ve built sizable bonfires and prepared food, all while being joined by musicians or sizable music players.

“I traveled from Karachi to experience the winter and the cold. For the past five years, this has essentially become a yearly routine, a young guy named Arsalan remarked.

He had paused by the lake but intended to continue on to Ziarat with his four pals.

Along with the clear, blue water of the reservoir, the mountains surrounding the lake appear strange due to their carpet of snow.

However, visitors criticized the location for lacking basic amenities.

In order to maintain Quetta’s water table, encourage tourism, refuel historic springs in the surrounding mountains, and advance local agriculture, the British government built Hanna Lake in 1894.

Thousands of migratory Siberian birds used to be drawn to it, but that is no longer the case.

 

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