Scott Kelly, a NASA astronaut, grew 2 inches after a year in space
Kelly, who has spent more time in space than any other American astronaut, says he “feels very good” overall and is now embarking on a year-long health monitoring initiative.
SCALING PAKISTAN
Disruption takes years. It takes persistence, resilience and undeterred belief in the larger vision of the startup. It requires bravery. After laying the foundation during the past decade, Pakistan’s startup ecosystem is taking its first steps in that direction.
San Francisco cops pull over a self-driving automobile
After halting an autonomous vehicle with no one inside, San Francisco cops were presented with a new dilemma.
Business Ecosystem in Islam
Islam as a religion is based on this principle that promotes business, entrepreneurial activity, education and civic networking to grow together as a community by sharing wealth and knowledge.
The “Novi” bitcoin wallet from Meta is closing
On September 1, 2022, Meta will discontinue its cryptocurrency-based money-transfer service, called “Novi,” which makes use of the business’s own coin. coin purse “Novi”
Amid its partenership with Morinaga, Airlift now offers Platform Intelligence for q-commerce
As the dominant player in Pakistan’s q-commerce sector, Airlift has gathered a lot of data on consumer behaviour. By utilising the abundance of data, Airlift and Morinaga, a well-known Japanese producer of milk, nutrition, and dairy products with a global footprint, have formed a strategic alliance.
To reduce inflation, which is at a 13-year high, the SBP may boost rates by 125 basis points, according to experts
According to the median prediction in a quick survey of 10 economists and market observers, the State Bank of Pakistan (SBP) is likely to increase its key policy rate by 125 basis points at its review on Thursday in an effort to combat 13-year high inflation.
Pakistan’s inflation rate reached 21.3 percent, a 14-year high
According to data released on Friday, consumer price index (CPI)-based inflation reached 21.3 percent on an annual basis in June 2022, up from an increase of 13.8 percent the previous month and 9.7 percent in June 2021, as rising commodity costs and a weaker rupee hurt the local economy.
China lends Pakistan $2.5 billion to increase its foreign exchange reserves
Months after rolling over a USD 4.5 billion loan that was scheduled to be repaid this year, China has raced to help Pakistan once more by providing USD 2.5 billion in assistance to support the rapidly declining foreign exchange reserves of its cash-strapped all-weather partner.
With the worsening of the economic situation, Pakistan stares at Bankruptcy
Despite ongoing talks between Islamabad and the International Monetary Fund (IMF) to recommence the USD 6 billion rescue package from the IMF, Pakistan is on the edge of bankruptcy as the country’s economic status is facing a dismal future with no immediate bright outlook.
Pakistan prepares a wave of taxes to assist with IMF bailout objectives
In order to increase revenue as it works to complete a bailout agreement with the International Monetary Fund, Pakistan presented a number of proposed new taxes across broad swaths of the economy, including an additional one-time “super” levy on large enterprises.
Vitol-backed VavaCars announces the closure of its activities in Pakistan
VavaCars, sponsored by Dutch energy and commodity trading corporation Vitol, claimed it had ceased operations in Pakistan just over eight months after it disclosed obtaining $50 million. The online trading platform had previously stated that it will utilise the money raised to expand its operations in Pakistan and Turkey. The development on Thursday follows that statement.
Employees at Pims end their strike after a health minister’s pledge
After receiving assurances from Federal Minister for Health Abdul Qadir Patel on Wednesday that their concerns will be addressed, the employees of Pakistan Institute of Medical Sciences (Pims) have ended their protest.
Over 50 Canadian companies meet with Pakistan’s IT delegation in Toronto
In order to attend Collision Toronto Conference 2022, one of the major tech events worldwide, especially in North America, the Pakistani delegation, which consists of 15 executives from top ITC businesses, is in Toronto at the Consulate General’s invitation.