Author: Faizan Ahmed

San Francisco: Netflix on Tuesday reported losing subscribers for the second consecutive quarter as it battles tough competition and viewers tightening their purse strings, but the firm reassured investors of better days ahead. Netflix had just under 221 million subscribers after the most recent quarter, which was less than anticipated given the loss of 970,000 paid customers. In an earnings presentation, the company’s co-chief and founder Reed Hastings said, “Tough in some ways, losing a million and calling it success, but really we are set up extremely well for the coming year.” In its financial report, the company stated that…

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The Pakistani passport has once again been listed as the fourth worst in the world, with unfettered access to only 32 locations worldwide, according to a new quarterly study released by London-based global citizenship and residence advice business Henley & Partners. Pakistan held the 109th-place ranking on the Henley Passport Index in April, making it the fourth worst passport to possess. Only 31 other nations granted Pakistan visa-free travel, according to the report. Syria, Iraq, and Afghanistan are the nations rated below Pakistan in the most recent quarterly assessment. Since 2006, the “Henley Passport Index” of Henley & Partners has…

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RAWALPINDI: It was revealed on Wednesday that the returning officer (RO) of the constituency had denied PTI candidate Shabbir Awan’s request for a recount of votes in Rawalpindi’s PP-7. It is important to note that Raja Sagheer Ahmed, a candidate for the PML-N, won the district’s by-election on July 17 by a slim margin of 49 votes. According to the unofficial results for PP-7, Ahmed of the PML-N won the seat with 68,906 votes, while Awan of the PTI received 68,857 votes. The PTI candidate opted to contest the results and submitted an appeal for a recount of ballots in…

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Abdullah Shafique scored an unbeaten 160 as Pakistan defeated Sri Lanka in the opening Test match of the series by four wickets at Galle on Wednesday. In the final play session of day five, Shafique scored the winning runs to give his team a 1-0 lead in the two-match series. Prabath Jayasuriya, a left-arm spinner, claimed nine wickets in the game, but Pakistan outperformed Sri Lanka’s previous record chase of 268 against New Zealand in Galle in 2019. Shafique, 22, impressed with his second Test century. He formed significant partnerships, such as a 101-run third-wicket stand with captain Babar Azam,…

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ISLAMABAD: Imran Khan, a former prime minister and the leader of the Pakistan Tehreek-e-Insaf (PTI), has sharply criticised the federal government over the dramatic decline in the value of the Pakistani rupee relative to the US dollar. The former prime minister noted on Twitter that the dollar was at Rs. 178 “when US government conspiracy [Vote of No-Confidence] was tabled.” Imran Khan claims that despite the deal with the IMF, the Rupee has dropped to 224 versus the US dollar (IMF). https://twitter.com/ImranKhanPTI/status/1549342469556420609

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The ruling on the PTI “foreign funding” case has been “long-delayed,” according to Prime Minister Shehbaz Sharif, who on Tuesday urged the Election Commission of Pakistan to make it public. “For long has Imran Niazi been given a free pass despite his repeated and shameless attacks on state institutions. Impunity given to him has hurt the country,” said the premier. https://twitter.com/CMShehbaz/status/1549252870901489667 His remarks follow the PTI’s humiliation in the by-elections held on Sunday in 20 constituencies around Punjab. Unofficial results indicated that PTI won on 15 seats while PML-N won just four. After Chief Election Commissioner (CEC) Sultan Raja’s hearing…

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PESHAWAR: The Environmental Protection (Amendment) Bill 2022, which forbids the use of any kind of plastic bag, was approved by the Khyber Pakhtunkhwa Assembly on Tuesday. All forms of plastic bags will no longer be produced, imported, bought, sold, stored, distributed, transported, supplied, or used, according to the proposed legislation. According to the measure, existing stocks of plastic bags must be disposed of by producers, wholesalers, and retailers within six months or they will be seized. All licences and permissions issued for the production, distribution, and sale of plastic bags have been revoked, and the owners of those licences are…

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The Pakistani rupee hit a record low against the US dollar on Tuesday, falling as low as 224 during intraday trading as a result of increased political unpredictability that destroyed market confidence and provided more material for “speculators.” The rupee was severely devalued during the trading session, reaching 224 at one point before modestly appreciating to finish at 3.06 percent lower. According to the State Bank of Pakistan (SBP), the rupee fell by Rs6.79 or 3.06 percent at the closing to reach Rs221.99. https://twitter.com/StateBank_Pak/status/1549355816171495424 According to a post-market report from brokerage firm Arif Habib Limited, this is the largest day-on-day…

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Despite suffering a significant defeat in the Punjab by-elections, the coalition government led by Prime Minister Shehbaz Sharif has declared that it will serve out its full term under the constitution. “We took office in the national interest overall… After a crucial meeting of PDM alliance parties and government officials held in Model Town, Lahore on Tuesday to discuss the country’s political and economic situation, Railways Minister Khawaja Saad Rafique said during a joint press conference. “we knew they [the PTI government] had laid economic landmines for us, but we took tough decisions to save the country.” The railways minister…

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Before the 1st death anniversary of 27-year-first old Noor Mukadam , a video message from the mother of Noor Mukadam, who was brutally killed in Islamabad last year, has been making the rounds on social media. The video begins with the mother of Noor saying, “It will be a year since Noor separated from us on July 20. She said that she, her family, and other relatives were aware of their recent activities. “We haven’t slept at night and haven’t found comfort during the day either since our daughter left.” View this post on Instagram A post shared…

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