Author: jon frank
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SURAH AL-QARI’AH WITH URDU TARJUMA
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India and Iran Forge Deal to Enhance Chabahar Port Development
TEHRAN: Strengthening their bilateral ties, India and Iran embarked on a significant venture on Monday, sealing a decade-long agreement aimed at the development and enhancement of the strategically vital Chabahar port in Iran. This pact underscores India’s strategic endeavor to expand its trade influence in the regions of west and central Asia. The agreement secures…
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US Issues Warning on ‘Potential Risk of Sanctions’ Following India-Iran Port Deal
The United States has issued a stern warning regarding business engagements with Iran, emphasizing the risk of potential sanctions. This declaration follows reports of India and Iran finalizing a deal concerning the Chabahar port, a pivotal strategic asset. Addressing reporters during a routine news briefing, Vedant Patel, the State Department’s Deputy Spokesperson, acknowledged the development,…
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Rupee Records Slight Gain Against US Dollar
The Pakistani rupee saw a marginal uptick against the US dollar in the inter-bank market on Monday, appreciating by 0.06%. Closing at 279.2 against the greenback, the local currency gained Re0.16 according to the State Bank of Pakistan (SBP). Last week, the rupee remained steady at 279.36 against the dollar, maintaining the same rate as…
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South African Rand Holds Steady Ahead of This Week’s US Inflation Data
Johannesburg: The South African rand held steady in early trading on Monday, with little movement ahead of anticipated U.S. inflation figures slated for release later this week. These data points are expected to provide insights into the Federal Reserve’s future monetary policy decisions. As of 0630 GMT, the rand was trading at 18.4200 against the…
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SURAH AT-TAKATHUR WITH URDU TARJUMA
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Tragedy Strikes: Seven Killed in Attack on Russian Apartment Complex
BELGOROD TRAGEDY: A missile strike by Ukraine on an apartment building in Belgorod has left at least seven people dead and 17 injured, according to Russian officials. The devastating attack, described as one of the deadliest in the region of Belgorod, involved a barrage of Tochka ballistic missiles and Adler and RM-70 Vampire (MLRS) multiple…
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Indonesia’s Devastating Floods and Landslides Claim 34 Lives, 16 Still Missing
Devastation struck western Indonesia as flash floods and cold lava flow, triggered by heavy rains and volcanic activity from Mount Marapi, wreaked havoc in Agam and Tanah Datar districts of West Sumatra province. The calamity claimed the lives of at least 34 individuals, while 16 remain missing, as reported by officials on Sunday. Witnesses recounted…
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Rupee Holds Steady Against US Dollar Amidst Market Dynamics
In Friday’s trading session, the Pakistani rupee demonstrated a mostly stable performance against the US dollar, showing a marginal appreciation of 0.01% in the inter-bank market. Closing figures from the State Bank of Pakistan (SBP) indicated the local currency settling at 278.74 against the greenback, marking a slight increase of Re0.03. This followed a similar…
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SBP Affirms: No Plans for Introduction of Polymer Banknote Series
The State Bank of Pakistan (SBP) has firmly dismissed recent news reports suggesting the issuance of polymer (plastic) banknotes, categorically labeling them as baseless and lacking any substantiation. Responding to mounting speculation, the central bank emphasized that there are no ongoing considerations or proposals regarding a transition from paper to polymer banknotes. Contrary to rumors,…