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  • Farhan Saeed, Kinza Hashmi team up for new song ‘Khwabeeda’

    Farhan Saeed, Kinza Hashmi team up for new song ‘Khwabeeda’

    Singer Farhan Saeed and actress Kinza Hashmi have teamed up for the much-awaited song “Khwabeeda”, releasing January 31. 

    Saeed, known for his singing, songwriting and composing talents, has joined forces with the very talented Hashmi for the project directed by Adil Shaikh, featuring Nirmaan’s composition and lyrics.

    Kinza Hashmi shared her excitement with fans on Instagram, writing, “The wait is almost over! #Khwabeeda is bringing magic your way. Are you ready for the enchantment? Releasing tomorrow exclusively on @novicerecordsofficial stay tuned.

    Fans have taken to social media to express their excitement ahead of the release.

    Here are some comments from fans:

    One fan commented, “Two favies in one frame .”

    Another fan commented, “Can’t wait .”

  • Champions Trophy: PCB announces opening ceremony plans

    Champions Trophy: PCB announces opening ceremony plans

    Contrary to earlier reports, the Pakistan Cricket Board (PCB) has decided to hold the opening ceremony of the International Cricket Council (ICC) Champions Trophy 2025 in Lahore.

    According to reports, the ceremony will take place on February 16 at the provincial capital’s historic Hazoori Bagh. The PCB has already prepared the schedule and Chairman Mohsin Naqvi has approved all plans in this regard.

    Meanwhile, the renovation work at Gaddafi Stadium is also almost complete. The stadium’s opening ceremony is expected on February 7 with Prime Minister Shehbaz Sharif as chief guest, reports said, adding that Naqvi has officially invited him to the event that may also include a laser show.

    A new building has been constructed at National Stadium Karachi as well, and its opening ceremony is scheduled for February 11. President Asif Ali Zardari is expected to attend the event as chief guest.

    According to reports, England will arrive in Lahore on February 18 due to a break after their white-ball series in India, which ends on February 12. Australia will reach Lahore on February 19 after a Test and ODI series in Sri Lanka, ending on February 14, followed by four days of rest.

    Earlier, reports claimed that the opening ceremony of the Champions Trophy might not happen due to the late arrival of some teams. It was also claimed that the pre-tournament press conference and photo shoot with eight team captains in Karachi had been cancelled.

    Despite these concerns, the PCB has finalised the opening ceremony, ensuring a grand start to the mega cricketing event.

  • Expected rise in fuel prices as bullish trends grip the international market

    Expected rise in fuel prices as bullish trends grip the international market

    Business owners and citizens may witness yet another hike in fuel prices. According to reports, the prices of Petrol, High-Speed Diesel (HSD) and Kerosene are all expected to rise for the next fortnight on Friday.

    Owing to higher international prices of petroleum products, experts are predicting a hike of up to six rupees per litre. Reports state that the ex-depot price of petrol may increase by a conservative three rupees per litre while HSD and kerosene prices may rise sharply – approximately six rupees.

    The hike will increase the price of petrol to 256.13 rupees per litre while the official rate of kerosene will come to rest at 169.25 rupees per litre. HSD will be priced at an extortionate 260.95 rupees per litre.

    These are only estimates, however, as actual prices depend on final calculations, which will be made on January 31. Analysts cite the expected rise in prices as being associated with the bullish trend in the international market.

    Over the past two weeks, Brent prices have surged by two dollars per barrel to rest over $76. The resultant rise in the average price of HSD is projected to sit close to $2.5 per barrel. However, the increase in petrol prices per barrel was just half a dollar.

    As per reports, the import premium on petrol has gone up to $8.84 after officials tacked on an additional 40 cents to the premium. However, import premiums on diesel and petrol have not been altered.

    Islamabad charges a tax of approximately 76 rupees per litre on both HSD and petrol. The bulk of this tax, a staggering 60 rupees per litre, is charged under the category of ‘Petroleum Development Levy’ (PDL), whereas the other charge of 16 rupees goes towards customs duty fees.

    Pakistan is a net importer of petroleum-based fuels. However, it produces some of its fuel, too. Interestingly, the customs duty is levied on fuel produced domestically as well.

    Islamabad does not charge consumers General Sales Tax (GST) on any petroleum products. However, fuel suppliers and distributors tack on an additional 17 rupees on each litre as a markup.

    The rise in petrol prices cannot be attributed to fluctuations in the rupee’s value, as the exchange rate has enjoyed relative stability for over a year now. This will reduce the impact of the rising petroleum import bill.

    Business owners involved in fuel-intensive operations are expected to suffer. For instance, transportation companies will be hit hard by the HSD price hike as their operating costs will rise, causing their profit margins to shrink.

  • 2,100 Tesco Supermarket Job Cuts – Major Changes To Management Structure

    2,100 Tesco Supermarket Job Cuts – Major Changes To Management Structure

    The UK’s largest supermarket chain, Tesco, recently announced the prominent changes in its organizational structure. As a result, almost 2100 jobs will be affected. The reason behind these changes is to make operations easy and provide better services to the consumers.

     

    Changes in management structure 

    Tesco has decided to reorganise the administrative structure in its big stores like supermarket stores and extra stores. Under this plan, 1750 positions of team managers will be eliminated, while 1800 new positions of “shift leaders” will be introduced. The role of shift leaders will be the check and balance of the daily store operations. Those team managers who will accept the new shift leader positions their salaries will frozen for two years.

     

    Closure of counters and hot delis

    Tesco announces that they will close their remaining meat, fish and hot deli counters from 26 February. According to the company, the demand for these counters has decreased towards consumers that’s why this decision has been taken. Affected employees will be offered other positions in the company. 

     

    Other changes 

    Moreover, Tesco also announced the following changes: 

    • Closure of eight pharmacies

    • In 12 stores converting night shifts into day shifts 

    • Reduced working hours of some post offices

    • Elimination of some positions in the head office

    • Closure of the existing Maintenance National Operating Center in Milton Keynes.

    With these changes, 350 more employees will be affected. 

     

    Employee support

    Tesco says that they are determined for the help of defective employees and tried to adjust them in 2000 free positions in the company or will try to transfer to newly created roles. The company has started a process of consultation with the union “USADA” to make the process fair and transparent.

     

    Market competition and financial pressures

    On the behalf of Tesco, these steps are being taken at such a time when the competition is increasing in the UK grocery market. Especially from discount retailers such as Aldi and Lidl. In addition, in recent Government Budgets for Employer National Insurance Contributions and the increase in the minimum wage have put an additional financial burden on companies. According to these factors, Tesco to make its operations more efficient and to reduce the cost take these steps.

     

    Effects on consumers 

    Tesco has assured that the reason for these changes is to provide better services to consumers. And Tesco will retain its product range, including the “Finist” line. The company says that it keeps in mind the needs and preferences of its customers committed to continuously improving its offering.

     

    Plans for the Future

    Tesco plans that it should save £500 million in costs so that the rise in prices can be minimized as much as possible. The company has also emphasized that it will do everything possible to help the affected employees and offer them alternate roles.

    Read Also: Us President Donald Trump’s Dispute Move: New Prisoner Centre For 30,000 People At Guantanamo Bay

  • Us President Donald Trump’s Dispute Move: New Prisoner Centre For 30,000 People At Guantanamo Bay

    Us President Donald Trump’s Dispute Move: New Prisoner Centre For 30,000 People At Guantanamo Bay

    Guantanamo Bay Prison is located in Cuba at the American naval base. It has been targeted to global criticism for a long time due to the violations of human rights and keeping prisoners in custody without prosecution. In recent days a lot of news has come out about the release of several prisoners from this prison and sent them to their countries. This step is considered to be an important step towards closing this prison.

    American President Donald Trump signed an executive order. According to this executive order, instructions are given to the Department of Defense (Pentagon) and Homeland Security that they set up a detention centre in Guantanamo Bay, Cuba with a capacity of 30,000 people. This centre will be used to keep illegal immigrants who are considered a danger for the safety of the American people.

    In Guantanamo Bay, there is already a high security American military prison where suspects of terrorism are kept. However, a new prisoner centre will be different and it will be specially allocated for illegal immigrants.

    The government of Cuba strongly condemned this announcement. The government of Cuba accused America of violence and illegal custody on “occupied” land. Cuba says the US presence at Guantanamo Bay is illegal and there establishment of prisoner centres is a violation of human rights.

    The new border czar of the US administration, Tom Homan has said that it will expand the existing prisoner center at Guantanamo Bay. So during the Trump administration, more people could be held in the face of an increase in arrests and deportations of illegal immigrants.

    President Trump also signed on the “Lekin Riley Act” under which the illegal immigrants who are caught in theft or violent crimes will be kept in jail pending trial. This bill has been kept on the name of Georgia’s nursing student Lakin Riley. She was killed by a Venezuelan citizen one year before.

    During a signing ceremony in the White House, President Donald Trump said that he instructed the Departments of Defense and Homeland Security by Executive Order that they start the preparations of the centre for 30,000-person capacity. He said that most of the people do not know about this. Moreover, he said that these centres will be used to keep illegal immigrants.

    As a result of these steps, panic spread in the communities of immigrants because the raids are on the rise towards the Trump administration. The organization of human rights criticized these policies and called them inhumane and illegal.

    The decision to hold migrants at Guantanamo Bay is a controversial move because even before that the organizations of human rights have been objecting. It remains to see how successful this new policy will be and what impact it will have on human rights.

    Read Also: The Recent Developments In The State Pension Future

  • The Recent Developments In The State Pension Future

    The Recent Developments In The State Pension Future

    The recent news and developments regarding the future of state pensions are noteworthy. A number of decisions and announcements in the UK have come out about the increase of age in the state pension.

    Increase in State Pension Age Postpone

    The British government has currently postponed the increase of state pension at the age of 68. Work and Pensions Secretary Mill Stride announced that the decision of this matter will be expected in 2026 at the next general elections. Currently, it has the plan to increase the age of state pension in 2024 from 66 years to 68 years. In the review of 2017, it was advised that this increase could be brought to the end of the 2030s. But in the current review considering life expectancy and other factors, it has been decided to postpone this decision.

     

    Increase in Salaries to Benefit Pensioners

    Millions of pensioners in the UK are expected to receive an extra benefit of up to £869 in their state pension due to the pay rise. Under the triple lock formula state pension increases according to the average wages, inflation or 2.5% whichever is higher. 

    According to recent data, between April 2023 to June 2023, salaries have increased by 8.2 per cent including bonuses. If this trend continues then the pensioners on the flat rate state pension could receive £220.55 per week instead of £203.85. This will increase from £10,600 to £11,500 a year.

     

    Implementation of an Online Pension System

    In Pakistan Accountant General Punjab has made the pension system online in 16 districts of the province for convenience. With this move, the retired employees have not to worry about their pensions and for other related matters and even not have to office rounds.

    State Pension: Favor or Right?

    A common perception regarding state pensions is that it is a favour on retired employees from the government. However in reality it is a part of the employees’ own earnings which adds to the pension fund during their employment.

    After retirement state pays as a pension out of this accumulated amount. So saying that the state pension is a favor of the government is not fair. Rather it is the right of the employees that they earn with effort.

     

    Future Challenges and Potential Improvements

    Various challenges and possible reforms are considered for the future of state pensions. Increasing population and increase in life expectancy are putting pressure on the pension system. In addition, factors like economic conditions, inflation, and government budgets also affect the policies of pension.

     

    Tips for Pensioners

    In the current situation, it is necessary for pensioners and future retirees that they should focus on their financial planning. Apart from State Pension, it is important to rely on personal savings, investments, and other financial resources. So that it may help to avoid the financial problems. Apart from this, it is also important to keep track of changes in government policies and laws related to pensions so that appropriate decisions can be taken at the right time.

    Read Also: Qur’an Burner Salwan Momika Found Shot Dead in Sweden

  • Did Mona Lisa Bhonsle make 10 crores at Maha Kumbh?

    Did Mona Lisa Bhonsle make 10 crores at Maha Kumbh?

    Mona Lisa Bhonsle, also known as Moni, became a viral sensation at this year’s Maha Kumbh festival in India.

    She is a garland seller from Indore with striking facial features and was seen selling Rudraksha and pearl garlands at the festival in Prayagraj, formerly known as Allahabad.

    With her newfound fame, however, came challenges. Bhonsle was chased by attendees to her tent, and some even harassed her, forcing her to take pictures despite her refusal.

    Reports on social media claimed that Bhonsle earned a staggering INR 10 crores by selling garlands at the festival in just 10 days.

    Moni, however, has denied these claims. “If I earned so much money, then why would I live here and why would I sell garlands?” she told an Indian publication.

  • Foreigner investors withdraw money from T-bills amid interest rate cuts

    Foreigner investors withdraw money from T-bills amid interest rate cuts

    Foreign investment withdrawal picked up pace in Pakistan as investors pulled their funds out of treasury bills (T-bills). As per reports, investors withdrew 87 percent of their funds out of the economy owing to the recent trend of declining interest rates.

    Investors do not consider the new profit rates to be attractive since they have dropped by approximately 50 percent over the past seven months. Profit rates on T-bills have declined as interest rates have been locked in freefall since June 2024 – dropping 1,000 basis points.

    During the auction of T-bills held prior to the announcement of the interest rates, the return on six month T-bills was slashed down to just 11.4 percent which represents a 39 basis points cut.

    Analysts claim that rates could fall by an additional 100 basis points. This might exacerbate the current issue pertaining to investment outflows as investors will consider parking their funds in other countries where profit rates are higher.

    Inflows up to January 17 stood at $72 million while outflows for the same period exceeded $120 million. According to reports, this is not the first time where large outflows have been recorded as over four billion dollars left Pakistan within four months during Covid.

    While plummeting interest rates spell great news for businesses, outflows of this magnitude usually apply a downward pressure on the value of the rupee. However, outflows were unable to significantly impact the exchange rate as the rupee remains stable.

    Experts have claimed that factors other than declining interest rates could be responsible for foreign investors suddenly pulling their funds out of Pakistan. One of these is the looming possibility of further interest rate cuts in the economy.

    Analysts are speculating that the State Bank of Pakistan (SBP) may slash interest rates following the next monetary policy meeting as the inflation rate stands at a controlled 4.1 percent. Further cuts will reduce the profit rates on T-bills yet again.

    Data from the SBP revealed that during the first half of Fiscal Year (FY) 2024-25, T-bills have attracted a staggering $984 million. Outflows for the corresponding period stood dangerously high at $852 million.

    Over a period of approximately seven months, while interest rates were declining, T-bill inflows from the United Kingdom (UK) stood at a respectable $630 million. This makes the British investors responsible for 64 percent of total T-bill inflows during the aforementioned period.

    Reports highlighted how UAE, Bahrain and Australia also added to the T-bill inflow amounts over the past seven months. These countries are destinations for Pakistani migrant workers, partially explaining their motivations for investing in the country.

  • Qur’an Burner Salwan Momika Found Shot Dead in Sweden

    Qur’an Burner Salwan Momika Found Shot Dead in Sweden

    The police have not confirmed the victim’s identity. However, reports from the local press suggest that it was Salwan Momika, who was said to have been live streaming on social media during the time of the shooting. Salwan Momika is an Iraqi national residing in Sweden. He came to international headlines for setting alight several copies of the Quran. 

    He was killed on Monday night in his apartment in Södertälje, Stockholm, and the report from the AFP and the BBC confirmed his information. The police in Stockholm have confirmed a shooting that left a man in his 40s dead. Five arrests have been made for this crime.

    Salwan Momika was charged with “agitation against an ethnic group” about the desecration of the holy Quran several times. The verdict was set for Thursday but has been further postponed to February 3 due to Momika’s death.

    These incidents have damaged Sweden’s relations with several Middle Eastern nations because of Salwan Momika’s actions and the harsh responses that followed.

    Two protests broke out in 2023, during which the Swedish ambassador was expelled from Baghdad and the Swedish embassy was stormed.

    The Swedish government has defended Salwan Momika’s right to burn the Quran under regulations of free speech in the country but has vowed to review laws regulating such protests.

  • Justice Mansoor Ali Shah should be Prime Minister: Absar Alam

    Justice Mansoor Ali Shah should be Prime Minister: Absar Alam

    Senior journalist Absar Alam, while appearing on the Samaa News Podcast series on January 29, stated that Justice Mansoor Ali Shah should become the Prime Minister of Pakistan, citing his “expertise in every field.”

    “The position of Chief Justice of Pakistan would have been too small for a man of his [Justice Mansoor] stature. He is a diamond in our society. He should become the PM of Pakistan, join a political party, or make his own,” he said.

    “After hearing his recent speech, I realised that the man has expertise in fields like science, climate change, public transport, waste management, solid waste management, agriculture, finance, and even Islamic Sukuk bonds. He knows what Malaysia is doing, what Rwanda is doing… He has expertise in every subject of the world. And the same man has such brilliant English that he should be our leader,” he added.

    Alam shared his opinion when criticising Pakistani authorities’ lack of seriousness in addressing the Chinese government’s concerns about their citizens’ safety in Pakistan.

    “This is highly unfortunate because the people responsible for protecting foreign interests in our country are mostly focused on politics. In fact, everyone who is responsible for their jobs in Pakistan is focused on everything except their required job,” he said.

    “We should have such a Hollywood-like leader who has expertise in every matter except the one job he is getting paid for by taxpayers’ money. Our Generals, who have now gone back home, became foreign policy experts; our judges became administration and technology experts; our politicians kept increasing their salaries; our journalists, anchors, and YouTubers kept lying to spread hate…” opined the senior journalist.

    Absar Alam was referring to Justice Mansoor Ali Shah’s recent address on January 28 at a ceremony in Karachi, where he talked about multiple issues, including climate change and Islamic banking in Pakistan.

    The event was organised by AlBarka Forum for Islamic Economy, a think tank specialising in Islamic economy. In a post shared by the AlBarka Foundation on its Instagram page, the caption stated: “During the opening ceremony, Hon’ble Mr. Justice Syed Mansoor Ali Shah, Senior Puisne Judge of the Supreme Court of Pakistan, intersected the concepts of climate change, climate justice and Islamic finance in his presentation, highlighting that water security is the first concern need to be faced, followed by agriculture and food security, disaster risk reduction, health, and urban planning and infrastructure as listed by The National Adaptation Plan.”