The United States hit Iran’s oil and petrochemicals sectors with new sanctions Friday in response to Tehran’s October 1 attack against Israel, designating dozens of new companies and firms.
The US Treasury Department said it was going after Iran’s so-called “shadow fleet” of ships involved in selling Iranian oil in circumvention of existing sanctions, designating 10 companies and 17 vessels as “blocked property” over their involvement in shipments of Iranian petroleum and petrochemical products.
The State Department also announced it was slapping sanctions on six other firms and six ships for “knowingly engaging in a significant transaction for the purchase, acquisition, sale, transport, or marketing of petroleum or petroleum products from Iran.”
“Today’s sanctions target Iranian efforts to channel revenues from its energy industry to finance deadly and disruptive activity — including development of its nuclear program, the proliferation of ballistic missiles and unmanned aerial vehicles,” Treasury Secretary Janet Yellen said in a statement.
The sanctions form part of the US response to Iran’s attack, in which it launched some 200 ballistic missiles against Israel in retaliation for the killing of Tehran-backed militant leaders and a general from Iran’s Revolutionary Guards.
Israel has said its response to Iran’s second direct attack against its territory this year would be “deadly, precise, and surprising.”
US President Joe Biden told reporters last week that Israel should consider “other alternatives than striking oil fields,” amid reports it was planning to do so.
His national security advisor Jake Sullivan said Friday that sanctions had been announced after the president had consulted with America’s allies and partners.
“These measures will help further deny Iran financial resources used to support its missile programs and provide support for terrorist groups that threaten the United States, its allies, and partners,” Sullivan said in a statement.
Secretary of State Antony Blinken said Washington had made clear after the October 1 attack that Tehran would face consequences.
“To that end, we are taking steps today to disrupt the flow of revenue the Iranian regime uses to fund its nuclear program and missile development, support terrorist proxies and partners, and perpetuate conflict throughout the Middle East,” he said in a statement.
As the country prepares to host the SCO summit, the Pakistan Tehreek-e-Insaf (PTI) has announced holding yet another protest in Islamabad’s D-Chowk on the same day the summit is scheduled – October 15.
The announcement came a few days after the PTI held a protest in D-Chowk, with the government turning the twin cities into a curfew-like situation, including suspending cellular networks.
The federal government had also announced a three-day public holiday in Islamabad and Rawalpindi from October 14 to 16 for the smooth conduction of the SCO summit.
Last week, the government also deployed armed forces under Article 245, citing the upcoming SCO summit for increased security in the country.
Defence Minister Khawaja Asif strongly condemned the PTI’s decision to hold a protest on the exact date as the SCO summit will be taking place.
He also reiterated that the authorities would not let anyone take the country hostage.
The Chief Justice of Pakistan (CJP) Qazi Faez Isa has declined a farewell dinner, a tradition for every outgoing Chief Justice, saying that he cannot accept the event because it will cost approximately “two million rupees” funded by public money.
As per the tradition, the Supreme Court’s registrar’s office sent a note to the Chief Justice regarding the reception planned for his retirement on October 25.
The CJP underscored that such an event in his honour was unnecessary, making this the first time in the Supreme Court’s history that no farewell reception has been held for a retiring judge.
Justice Syed Mansoor Ali Shah, the next senior judge, will become the next Chief Justice, although the government has yet to notify him.
A full court reference has also been scheduled for October 25, where Chief Justice Qazi Faez Isa will officially step down, according to an official letter issued by the court’s registrar to Supreme Court Bar Association President Shahzad Shaukat yesterday.
Pakistan Cricket Board (PCB) is considering three names for the new Test captain after continuous defeats under the leadership of Shan Masood.
He is the only captain of Pakistan to face defeat in the first six matches.
The national team could not get a single victory under the Shan Masood. Australia whitewashed Pakistan in a three-match Test series; then we lost to Bangladesh by 2-0, and now to England in the opening Test.
The Board is considering potential candidates like Saud Shakeel, Mohammad Rizwan, and Salman Ali Agha to replace Shan.
An important meeting of the PCB’s selection committee and the team’s head coaches is expected today, in which new names will be considered for the leadership role.
Masood was appointed Test captain on November 15, 2023, and was to lead the team until the end of the current Test Championship cycle.
Earlier, the board announced the new selection committee for the national team.
The captain and head coach has been removed from the new selection committee of the national team; Aleem Dar, Aqib Javed, Asad Shafiq, Azhar Ali and Hasan Cheema are included in the new selection committee. All five members will be voting members.
The non-voting members include Azhar Mehmood, Bilal Afzal, Nadeem Khan, and Usman Wahla.
As of October 2024, the cement rate today in Pakistan has maintained its ever-constant variations owing to supply chain disruptions and high raw material costs. A 50-kg cement bag retails for an average price of between PKR 1,100 and PKR 1,400, subject to the area and brand. The prices are expected to be higher in urban centers like Karachi, Lahore, and Islamabad because of the sprawling demand and transport rates.
Also, most current flat cement rates in Pakistan are boosted by a surge in construction activity, with much more infrastructure and housing construction. The growing markets for this construction can be attributed to more price-distorted projects, namely government construction projects and the growth of the private housing market. To make matters worse, the expensive oil and inflation experienced by the economy have equally pushed the prices of cement production higher, making its selling prices rise in recent months.
The industry predicts prices will rise in the upcoming years unless supply chains are improved or input costs are decreased. Pakistani cement companies work to meet the country’s economic challenges and current demand. Cement consumption in Pakistan has surged economically. But its cheap rate helps complete construction projects without breaking the budget.
Here is the list of the latest 53 Grade cement prices of different cement-producing companies in Pakistan.
Serial No
Brands
Price per 50kg bag
1
Flaying Pakistan Rate
RS. 1,445-1,455
2
Cherat Cement Rate
RS. 1,460-1,470
3
Power Cement Rate
RS. 1,460-1,470
4
Paidar Cement Rate
RS. 1,460-1,470
5
Falcon Cement Rate
RS. 1,460-1,470
6
Kohat Cement Rate
RS. 1,465-1,475
7
Lucky Cement Rate
RS. 1,465-1,475
8
Askari Cement Rate
RS. 1,465-1,475
9
BestWay Cement Rate
RS. 1,475-1,485
10
Maple Leaf Cement Rate
RS. 1,475-1,485
Here is the list of the white cement prices of different cement-producing companies in Pakistan.
44th American President Barack Obama is likely to be one of modern history’s most recognized and active politicians. He is not only an active politician but also a businessman. Obama is polarising as a writer, a producer, a philanthropist, a public speaker, and a former political leader. Moreover, he would not only amass wealth but also be successful at integrating multiple roles.Barack Obama net worth in 2024 is summarised in this article:
During the term of Obama as a Senate and President, the Washington Post estimates that Obama earned 20 million dollars.
President Obama, who ruled from his office between 2009 and 2017, earned an annual pension of $205,700. Barack Obama net worth can comprise books’ return establishment. Obama said that he primarily focused on book deals, even at the pre-presidency stage, and that is how he earned his money. His books went on to be published well, and he attained over $500,000 in earnings as an author in 2006 alone. Obama has regularly published bestselling books such as Dreams From My Father, The Audacity of Hope, and A Promised Land. However, the most prominent political figures became best-selling English speakers because of this.
The most recent book was issued in America, although the subtitles could have been more precise. In 2009, he landed a $65 million advance from Penguin Random House for his autobiography. In its first month of release, this book sold 3. 3 million copies, making it the fastest-selling political memoir of the time. He earned further income through public speaking. Being a former head of state, this also comes with financial benefits. Such news has noted that Obama can even earn more than $400,000 for a single invitation.
Citing the media, in 2017, he earned $800,000 only for two speeches, more than two million for three speeches where he talked about not only foreign but local issues as well. Barack and Michelle were owners of a producing house set up in 2018. It was called Higher Ground Productions and entered into a long-term agreement with Netflix, the OTT platform, to produce series and movies. His production house also did the documentary American Factory, which received an Academy Award.
Obama also proclaimed in 2023 that he would be an executive producer for Netflix of three films—Leave the World Behind, American Symphony, and Rustin. Such initial agreements were with a husband and a wife—Barack Obama and Michelle, according to the rumors—for $25 million. He first signed the contract only for a podcast with Spotify, but Forbes reports that the man and woman in the family of two switched to Audible in 2022. This deal enables them for content production for a multiplicity of years and to a broader population.
A complete picture of Barack Obama’s wealth will only be acquired after considering his construction and real estate ventures. Upon retiring from his position, he and his wife bought an $8.1 million villa, which is located in Washington, D.C. Additionally, the duo already possesses one property in Chicago’s Hyde Park. The couple has done a great deal in acquiring living spaces, whereas the Obamas also bought a property in Martha’s Vineyard worth $11.75 million in 2019. It is a lucrative piece of real estate that has a main house of 7,000 square feet on 29 acres of valuable ocean-facing land.
The Rod Wave concert 2023 was one of the year’s most thrilling live music experiences. Known for its electrifying performance, incredible stage setups, and passionate fans, this year’s Rod Wave concert 2024 promises to be bigger and better.
What makes Rod Wave Concert special
While the concerts are all the same and held in overcrowded arenas or indoors, Rod Wave stands out as a mobile music festival where artists perform in different outdoor locations in other cities. Each stop adds a new scenery: perhaps along the beach, up in the mountains, or even in the desert. These matching natures and music give the Rod Waves its unique charm, carrying the feelings of a mini-vacation mixed with live entertainment.
Member of Rod Wave Band
Jake Habib (Guitar and Vocalist)
Ivan Palomares (Keyboards)
Matthew Maxwell (Bass Guitar )
Bryce Gauthier (Drums)
Cameron Watson (Saxophone and Vocalist)
Owing to their wealth of musical abilities, these performers ensure that a typical fan is always on the move during the entire concert, given that there is a steady performer to revel in.
Outdoor concerts are always great experiences; it’s just different being able to enjoy the sounds of a band outside or watch a sunset over some stage from a distance. Rod Waves makes this experience even better by playing many types of music, like rock, indie, electronic, and folk. Fans also hear the biggest stars, but they also get a chance to see up-and-coming artists. The variety of artists and types of music across all the stops makes everything feel new and exciting.
What to expect at the Rod Wave concert in Houston 2024:
The Rod Waves concert in Houston will be a fantastic experience. Set for November 3, 2024, the concert will be held at top venues in the city, perfect for thousands of fans to gather and enjoy the how.
Upcoming concert of Rod Waves Band
As Rod Waves continues its journey, here are some upcoming concert stops you will want to attend. Here is the schedule for the upcoming concert of the Rod Waves Band:
Oct. 19, 2024 @ 8:00 PM – The Caz, Buffalo, New York
Oct. 25, 2024 @ 8:00 PM – Warehouse Concert Hall (Jimi Hendrix Halloween Party), St. Catharines, ON
If you are in Houston or plan to visit, this concert is one event you don’t want to miss. Tickets are available online through various platforms, or you can check the website of Rod Waves Band on Google. So, if you are planning to go, be quick and grab your ticket before they sell out.
Florida is once again on high alert as it expects another devastating hurricane. The state is now preparing itself for one of the pointer hurricanes that may have the 2024 hurricane year as per the expectations of its designers. Its geostationary storm-prone tendencies historically characterize it. Atmospheric scientists have looked at this system over the last few days, and it is getting more robust in the Atlantic Ocean. This report provides the latest information on Florida hurricane, forecasts their consequences, and recommends preventive measures against weather catastrophes.
Current Florida Hurricane Status
According to the report, in October 2024, the Florida hurricane had developed into a level 4 hurricane and showed no signs of weakening. Wind speed records up to 140 miles per hour have been recorded. Furthermore, the system continues to move towards Florida’s coast. According to the National Hurricane Center, full warning flags are up for the whole state, especially in Miami, Tampa, and Fort Lauderdale.
The Florida hurricane landfall will likely happen in the next few days, over 48 hours. There is nothing else for the residents but to listen to the advised resignation. You must follow the locals, evacuate when noticed, and be ready for destruction.
Florida on High Alert
The situation in Florida has reached an alarming stage. Right now, it looks serious, and emergency response teams are slowly getting prepared and mobilizing throughout the state. Some counties have set up emergency centers for people looking for refuge.
The state-declaring chief has already declared that all the necessary resources are on standby in preparation for the storm. The National Guard is also available and on alert. They’re waiting to evacuate or help in searching and rescuing.
Local authorities are now ordering those living in low-lying areas to evacuate. Flooding is ranked as one of the most significant hazards of hurricane storms. Moreover, the flat terrain in Florida causes problems with storm surges.
Evacuations and Preparations
Several coastal counties are under evacuation orders. Residents are advised to leave their dwellings and seek safer locations farther from the coast. The rush to evacuate before the storm hits the area has started, with traffic building up on the major roads.
Considering the approaching storm, the state of Florida is ensuring that the roads are clear and evacuation paths are established for the urgent relocation of people. Gas stations have become crowded, as many commuters want to full tank their vehicles before they hit the highway. Store users have reported that items such as bottled water, batteries, and non-perishable food stock are being sold out.
They are also reminding the residents to keep in mind a few other things, including:
Use plywood boards to seal windows from flying objects.
Keep loose articles, such as garden chairs, or take them inside the house.
Recharge cell smartphones and other appliances.
Pack food, drinks, and CP drugs with bags of first aid devices.
People are also advised to stay inside and remain cautious about windows since they will not be able to leave. Once inside, they will have to get ready for the power cut, which may last days to weeks after the storm.
Potential Impact of the Florida Hurricane
According to the weather department, this Florida hurricane may lead to severe wind patterns, heavy storm rains, and disturbing storm surges. The borders of danger are extended mainly along the coastal areas where the storm surge can submerge dwellings, commercial institutions, and the transport network underneath.
Some forecasted areas are expected to receive rain amounts of up to 10 inches. This would result in hazardous flooding in both the city and the countryside. There is also a risk of flooding due to overflowing rivers and lakes.
Another major issue that could arise is the disturbance of the electric power supply in most parts of the region. The largest electricity supplier in the state, Florida Power & Light, has already informed its subscribers that the disturbance of the electricity supply is highly probable. The company called in extra staff members to assist in restoring power after the storm passed.
Airports and Travel Disruptions
The impending hurricane has significantly disrupted air travel. Miami International Airport and Orlando International Airport in Florida have also started calling off flights. Numerous airlines are relieving travelers of penalties for postponement of their trips until after the storm.
Travelers are recommended to call their respective airlines to check the status of their itineraries or travel only if necessary. Splash on over to one of Orlando’s major theme parks, Disney World Universal Studios, which decided to close the gates for several days in a row.
Government and Emergency Response
The Federal Emergency Management Agency (FEMA) works closely with state and local governments to implement adequate emergency measures. Nikola Faims Shelter Tychenko evacuated ahead of schedule to set up an acceptable distribution of essential foods, drinking water, and medical supplies after the hurricane passed.
However, local authorities told the residents to stay calm and alert. Police and fire services are prepared for emergency calls, and hospitals are on alert to receive casualties from the storm.
Aftermath and Recovery Plans
Coming up next is the Mess Gauge that the hurricane cut off. In the aftermath of the cyclone, Floridians will have to assess the composition and try to rebuild. In previous instances of hurricanes, recovery periods were known to range from a few weeks to months, depending on how bad the storm was.
The best approach to such a storm would be to ensure residents stock up adequately in preparation for it. Clean water and gasoline will similarly take several days and even weeks before they become available. The same customers are also advised not to use the roads soon after the storm, as they want to have cleared all the obstacles and ensure that power is back.
Pakistan is losing out on approximately $21 billion annually to tax evasion. As Finance Minister Muhammad Aurangzeb tightens the metaphorical noose around tax evaders with his crusade, law-abiding citizens could expect better times.
This is because, as per the latest federal budget, the interest payments of the debt incurred to finance the fiscal deficit of $30.6 billion will be financed using taxpayer funds. However, if Aurangzeb successfully expands the tax net, this fiscal deficit will fall massively to just a mere $9.6 billion.
Simply put, there are two ways to narrow a fiscal deficit: either the government can cut down on expenditures, or tax collections can be increased. In a bid to reduce the deficit, the finance minister plans to hold corrupt FBR officials accountable. This is to be done by implementing strict punishments: 10-year prison sentences and hefty fines. And with FBR agents raiding non-taxpaying businesses, the government budget deficit is likely to see a turn for the better.
The primary culprits of tax evasion are big companies that are responsible for 50 per cent of all unpaid taxes, a figure that translates into an annual loss of PKR 3.4 trillion in revenue for the FBR. With Aurangzeb taking strict action against corporate tax fraud, it is only a matter of time before every non-compliant business is paying its fair tax rate of 29%.
The motivation behind people skipping out on paying taxes stems from an economic concept known as the “free rider effect”. In simple words, people who don’t pay taxes have just as much a right to enjoy security from the police or acquire free healthcare at a public hospital as opposed to people who do pay their taxes.
Is this morally right? Perhaps not. However, compliance with tax legislation does not seem attractive—not when selling morality can net non-taxpayers $21 billion per annum by withholding taxes.
Regardless of morality, though, tax evasion is a crime, and Aurangzeb is not playing softball with people who cross him.
The Pakistani rupee (PKR), on its last trading day of the week, managed to resume the trend of minor gains.
According to the State Bank of Pakistan (SBP), the PKR rose by 15.29 paisa against the US dollar (USD) and ended Friday’s trading session at Rs277.64.
As compared to the last closing of Rs277.79, the PKR recorded a not-so-impressive gain of 0.06 per cent.
During the trading session, the local currency remained mostly unchanged as it saw an intraday high of Rs277.85 with a low of Rs277.75.
Exchange companies were buying the greenback for Rs278.50 and selling for Rs279.75. The Pakistani currency, in total, has lost 12 paisa against the greenback this week.
A look at PKR’s performance against other foreign currencies
As compared to the Euro, the PKR lost 29.92 paisa and closed the day at Rs303.94. The PKR was seen 17.23 paisa up against the British Pound as it closed at Rs363.05.
The rupee also gained 0.09 paisa against the Japanese Yen and closed the session at Rs1.8649.
Currency
Closing (PKR)
Change (Paisa)
Previous rate
Euro
303.94
24.92
303.69
British Pound
363.05
17.23
363.23
Swiss Franc
324.06
99.05
323.07
Japanese Yen
1.8649
0.09
1.8658
Chinese Yuan
39.28
2.7
39.26
Saudi Riyal
73.94
5.06
73.99
UAE Dirham
75.63
4.37
75.59
Exchange rates
In the current fiscal year, the home unit has gained over 70 paisa in total against the US dollar.
