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Also Read: Pakistan govt approves massive hike in power tariff on IMF demand: Report Moreover, another $1 billion safe deposit from China is also due. This means that Pakistan and China are currently working on the rollover of around USD 3 billion bilateral debt within the ongoing month. Also Read: Pakistan’s forex reserves double to $8.73 billion, reach nine-month high Not just China, the Islamic nation has to pay back Saudi Arabia's debt as well.

Barbie' has been ruling at theatres across the world, but there is trouble brewing for the film in Pakistan, as Islamabad has taken a ban into consideration due to the film's LGBTQ+ themes. But the answer is not a definitive one because the movie is all the rage right now and something that has the audience's interest, but with many extremists opposing it, Pakistan's Punjab Censor Board has put a temporary ban on it due to what they consider «objectionable content.» According to Daily Pakistan, the ban on the movie will eventually be removed once the «objectionable content» is cut out of the movie.

Energy Transition Working Group is facing challenges in reaching a consensus on the joint communique with clean hydrogen and the Russia-Ukraine war being the key sticking points. About 60% of the communique has been agreed upon, but negotiations are still continuing on whether the future of hydrogen should be green or clean, people close to the development said. Officials are hopeful of some agreement on the second day of the talks on Saturday.

The U.S. has transformed global markets by boosting crude-oil exports more than 30-fold over the past decade. Much of the boom hinges on Corpus Christi Bay.

G20 Energy Transition Working Group is facing challenges in reaching a consensus on the joint communique with clean hydrogen and the Russia-Ukraine war being the key sticking points. About 60% of the communique has been agreed upon, but negotiations are still continuing on whether the future of hydrogen should be green or clean, people aware of the development said. The communique entails a paragraph that states to deplore the aggression by Russia against Ukraine, which is being opposed by Russia and China, sources said.

Investing.com — OPEC’s bid for $80 and above oil got a boost from ally Russia this week as Moscow’s increasingly desperate offensives against Ukraine raised supply concerns in a market already besieged by the oil cartel’s rhetoric over cuts. 

foreign exchange reserves have surged to a nine-month high following a fresh financial bailout from the International Monetary Fund (IMF).  The country's reserves nearly doubled to $8.73 billion as of July 14, with inflows coming from the IMF and friendly nations like Saudi Arabia and the UAE. This is the highest reserve level since October when the central bank held $8.76 billion.

Investing.com — Down one day and up the next: The yo-yo trade in oil continues as Saudi production cut pledges are being mitigated by weak gasoline demand in the United States — despite the advent of summer travel, which typically sees a surge in fuel consumption.

Turkish Finance Minister Mehmet Simsek says Turkey and the United Arab Emirates have signed deals worth $50.7 billion, as President Recep Tayyip Erdogan rounds off a three-country tour of the Gulf

WTI crude was 35 cents, or 0.5 per cent, higher at $75.64.  Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a August 21 expiry, were last trading lower by 0.05 per cent at ₹6,203 per bbl, having swung between ₹6,126 and ₹6,254  per bbl during the session so far, compared to their previous close of ₹6,206 per bbl. Brent crude prices have broken through to a higher range this month, after being stuck at $72-$78 in May and June, according to Citi analysts, after Saudi output cuts and geopolitical risks supported demand.  -Oil prices fell in the previous session after data showed US inventories fell less than analysts expected.

₹71,235 crore compared with ₹23,584 crore in the same period in 2022, as per the ministry. To put in perspective, India earned a total of ₹2.1 trillion in foreign exchange from tourism in 2019, an increase of 8.3% year-on-year. Going by the latest data, experts believe India is well placed to meet 2019 foreign exchange earnings from the tourism industry.

food ministry data, the retail price of the grain climbed about 15%  in Delhi this year while the average nationwide price gained more than 8%. Shipments will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on request of their governments, the notification said.  The latest Indian government move, which has already imposed restrictions on wheat and sugar exports, would affect a large portion of global rice trade.

New York City Comptroller Brad Lander slammed a decision by BlackRock Inc., its largest external money manager, to appoint the chief executive of the world’s biggest oil company to its board.

TEHERAN : India could have played a more active role in West Asia, said Iranian Deputy Foreign Minister Ali Bagheri Kani, just months after China helped broker a key normalisation pact between Iran and Saudi Arabia. Speaking to a delegation of Indian journalists in Tehran, Kani said Indian diplomacy had shown “passivity" in the region in contrast to China. “I believe,among the great powers of the world, it is the Chinese party that has emerged victorious because it did not allow the United States’ illegal restrictions to affect its bilateral relations with different countries.

₹30.2 crore which was 57% higher than the corresponding quarter in the fiscal year 2022-23. In terms of revenue, Newgen Software Technologies witnessed a 34% jump as it reached ₹264.2 crore during Q1FY24. During the quarter ending June 2023, Newgen Software Technologies significant growth in subscription revenues which jumped to ₹88.6 crores, 24% higher than reported in the same quarter last year.

New Delhi: The Indian crude oil basket which was largely subdued in May and June has witnessed over 4% increase in its average price in July amid global supply concerns. The average Indian crude basket for July stands at $78.22 per barrel, compared to $74.93 a barrel in June. In May, it averaged at $74.98 a barrel as prices eased amid growing concerns of a global slowdown.

reliance on oil, he is pushing companies to move their regional headquarters to Riyadh, the Saudi capital, from U.A.E.’s Dubai, a more cosmopolitan city favored by Westerners. He’s also launching plans to set up tech centers, draw more tourists and develop logistical hubs that would rival the U.A.E.’s position as the Middle East’s center of commerce. In March, he announced a second national airline that would compete with Dubai’s highly ranked Emirates.

Pakistan, helping shore up the South Asian country's foreign exchange reserves on the back of an IMF deal, Prime Minister Shehbaz Sharif said on Tuesday. This was in addition to over $5 billion in loans that longtime ally China has rolled over for Pakistan in the last three months, Sharif said last week, helping Pakistan avert a default as negotiations to secure the IMF bailout dragged on.

Netflix viewers in the UK will be treated with a plethora of shows and movies in the month of August. With a range of captivating movies and series scheduled to join the library, viewers have plenty to anticipate this summer. Stay tuned for our weekly recaps of new content on Netflix UK throughout August, available exclusively on our new on Netflix UK hub. In addition to the exciting new arrivals, it's important to keep track of titles that will be leaving Netflix UK in August 2023.

Seema Ghulam Haider from Karachi in Sindh province and Sachin Meena in India got in touch while playing PUBG in 2019 and a dramatic love story unfolded between the two living more than 1,300 km apart, in countries not too friendly to each other. Haider's husband, Ghulam Haider had earlier requested the intervention of Prime Minister Narendra Modi in sending his wife and four children back to Pakistan.  In a recent interview with a Youtuber, Ghulam Haider, who lives in Saudi Arabia, told his estranged wife, "I still love you the same and will continue to do so...please come back".  "You know very well how much I love you.

Ballon d’Or winner Lionel Messi as he was introduced to the audience at Inter Miami's DRV PNK Stadium. Captain of the FIFA World Cup-winning team Argentina has joined the Major League Soccer club for which he will play till the end of 2025. Messi quit French club Parsi St. Germain after appearing in 75 matches in two years and scoring 32 goals. His contract with the club came to an end in 2023. He is most likely to play for Inter Miami in their League Cup inaugural match against LIGA MX side Cruz Azul on 21 July. Responding to the cheering crowd, Messi thanked them and said that he shared their desires. He said that he wanted to start training, to play, to compete. He also said that he had the same desire as earlier to want to play and help the club continue to grow. World’s number one forward will join the defensive midfielder Sergio Busquets. Both the players have played together for Barcelona. Messi will also join former Barca and Argentina manager Gerardo Martino. He was introduced to the supporters of the club as was introduced as “America's number 10, the world's best number 10”. Those who welcomed Messi included Inter Miami co-owner English footballer David Beckham, who said that signing the Argentine superstar was a dream come true. Inter Miami's owner, American billionaire Jorge Mas was also present and called Messi «the best player ever to don boots». Messi’s joining the U.S. club is considered a great deal as it has been reported that Saudi Arabian club Al-Hilal offered Messi USD 1.5 billion fo three years.