Author: i2wtc

Circular debt is a major financial problem in Pakistan’s energy sector, created by a mismatch between the cost of generating electricity and the revenue collected from consumers. It involves a complex chain of payments between different stakeholders, including power generation companies (IPPs), suppliers, distributors (Discos), gas utilities, and the government. As of now, Pakistan’s energy sector faces a massive deficit, with circular debt accumulating to around Rs2.3 trillion. This growing debt has significant economic implications, leading to inefficient power supply, higher electricity costs, and fiscal stress on the government. What is Circular Debt? Circular debt refers to the financial shortfall…

Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, May 8, 2020.Calvin Sit | Bloomberg | Getty ImagesCrypto billionaire Justin Sun is buying another $100 million worth of $TRUMP, doubling his total known stake of digital coins tied to President Donald Trump.Sun, who founded the TRON blockchain and is working to resolve a civil fraud case with the Securities and Exchange Commission, announced the purchase of the $TRUMP token in an X post on Wednesday. Sun said the Trump-linked digital coins will soon be tradeable on the TRON network.”$TRUMP on TRON is the currency of…

Listen to article Islamabad Additional Sessions Judge Afzal Majoka suspended on Friday a local court’s order banning 27 YouTube channels run by different prominent Pakistani journalists and content creators.  Ruling on a plea filed by the newly formed National Cyber Crime Investigation Agency, Islamabad Judicial Magistrate Muhammad Abbas Shah had ordered the ban based on alleged anti-state content, defamation and misinformation targeting judicial figures.  Asad Toor, whose account was among those blocked, took to X (formerly Twitter) to confirm the suspension of ban.     The legal challenge against the ban is being led by lawyers, Riasat Ali Azad, Zainab Janjua, Imaan Zainab…

The National Disaster Management Authority (NDMA) has issued a nationwide alert urging citizens to take precautionary measures as moderate to heavy rainfall is forecast across most parts of the country over the next three days. According to the National Emergency Operations Centre (NEOC), operating under the NDMA, a three-day weather-impact outlook has been released, predicting widespread rainfall fuelled by moisture inflows from the Arabian Sea and the Bay of Bengal. The forecast raises concerns of flash flooding, particularly in areas situated near nullahs and local streams. Substantial increases in river flows are anticipated in major rivers, including the Indus, Kabul,…

FILE PHOTO: TikTok app logo is seen in this illustration taken, August 22, 2022. Dado Ruvic | ReutersA judge this week rejected TikTok’s attempt to dismiss a lawsuit by the state of New Hampshire accusing it of using manipulative design features aimed at children and teens.”The Court’s decision is an important step toward holding TikTok accountable for unlawful practices that put children at risk,” state Attorney General John Formella said in a statement Friday.In his ruling Tuesday, New Hampshire Superior Court Judge John Kissinger Jr. said that the state’s allegations were valid and specific enough to proceed, writing the civil claims…

The Pakistan Cricket Board (PCB) on Friday announced that Saud Shakeel will lead an 18-member Pakistan Shaheens squad to tour England from July 17 to August 6 for two three-day and three 50-over matches. Pakistan Shaheens, the name for the men’s ‘A’ team, last featured in a match against the Bangladesh ‘A’ side in Dubai in February of this year. “Saud Shakeel is set to lead the team, while he will be joined by three other Test-capped players in Mir Hamza, Musa Khan and Sajid Khan,” the PCB said. The press release added that among other players, Azan Awais and…

Listen to article KARACHI: The Pakistan Stock Exchange (PSX) ended the week on a strong footing, with the KSE-100 Index climbing past the 134,000 level during Friday’s session. The benchmark index moved within a range, touching an intraday high of 134,931.96 and a low of 134,130.41. It eventually settled at 134,299.77, gaining 517.42 points, or 0.39%, by the close. Investor confidence was evident in broad-based buying, particularly in sectors such as auto assemblers, power generation, refineries, and oil and gas marketing. Despite some weakness in select financial stocks, the broader trend stayed upbeat, supported by consistent interest in key cyclical and energy-related…

David Corenswet stars are Superman in Warner Bros.’ “Superman.”Warner Bros. DiscoveryIt’s not a bird or a plane that soared into cinemas Thursday night — it was Warner Bros.’ “Superman.”The first film in the new era of DC films under James Gunn and Peter Safran snared $22.5 million from preview showings.It’s the third-best Thursday performance for a superhero flick under the DC banner ever, just behind “The Dark Knight Rises,” which secured $30.6 million in 2012, and “Batman v. Superman: Dawn of Justice,” which tallied $27.7 million on its first Thursday in 2016, according to data from Comscore.It’s also the best…

An aerial drone photo taken on July 10, 2025 shows two Xixia imperial tombs in Yinchuan, northwest China’s Ningxia Hui Autonomous Region. China’s Xixia Imperial Tombs were officially added to the UNESCO World Heritage List on Friday during the 47th session of the World Heritage Committee held in Paris, France. The inscription brings the total number of World Heritage sites in China to 60. (Xinhua/Yang Zhisen)PARIS, July 11 (Xinhua) — China’s Xixia Imperial Tombs were inscribed on the World Heritage List on Friday during UNESCO’s 47th session of the World Heritage Committee, held in Paris, France.With this addition, the total…

Listen to article ISLAMABAD: Planning Minister Ahsan Iqbal announced on Thursday that actual federal development spending surged to a record Rs1.05 trillion in the last fiscal year due to booking more external development loans and eleventh-hour releases by budget controllers. The development marked an anticlimax for the planning ministry’s efforts to fully utilise the revised allocation of Rs1.1 trillion and the finance ministry’s tactics to slow fund releases, including partially shutting down systems by the Accountant General of Pakistan Revenue (AGPR). For the first time in Pakistan’s history, the Public Sector Development Programme (PSDP) spending rose to Rs1.046 trillion in fiscal year…