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PSX is on a strong uptrend, with the KSE-100 crossing 80,000 points.

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With a notable increase of 999 points, the Pakistan Stock Exchange (PSX) began trading on Friday. This allowed the KSE-100 index to cross the 80,000-point threshold, which had been reestablished following recent economic developments.

At the beginning of Friday’s trade, the index hit 80,016 points. The anticipated completion of a deal with the International Monetary Fund (IMF), which has fueled market optimism, is primarily responsible for the optimistic trend.

The upward trend on the stock exchange was also attributed by analysts to a 2% decline in interest rates and a drop in the price of oil globally.

The stock market closed at 79,017 points at the end of the previous day’s trade.

September 25, the IMF’s Executive Board meeting is scheduled for this Thursday. It is possible that the meeting will approve Pakistan’s new loan package. During a press briefing, Julia Kozack, the Director of Communications at the IMF, verified this.

Focusing on a possible $7 billion loan package, Kozack claims that the IMF’s talks with Pakistan were effectively wrapped up in July. In the face of persistent fiscal constraints, the initiative seeks to support Pakistan’s efforts to promote economic reforms and stability.

Kozack emphasized the significance of the next meeting for the nation’s financial prospects when he said, “The IMF is expected to review and possibly approve the loan program for Pakistan during the board meeting on September 25.”

However, as SBP Governor Jameel Ahmed revealed during an analyst conference that followed the recent monetary policy pronouncement, the State Bank of Pakistan (SBP) has made plans to address the nation’s external financial imbalance.

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Instagram releases a kid-focused feature.

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With the help of this new Instagram function, parents will have more control over what their kids do online.

New users between the ages of 13 and 15 will have their Teen Accounts enabled immediately, while current users in the US, UK, Canada, and Australia will be gradually transferred to the new accounts over the course of the following 60 days.

Important characteristics of teen accounts

Teen accounts are by default set to private, which limits the display of their posts to authorized followers and keeps non-followers from getting in touch with them.

Restrictions on Teen Messaging: To minimize unwanted encounters, teens are only able to message people they follow or already have a connection with.

Control of Sensitive Content: Tight settings will prevent exposure to potentially dangerous content, like advertisements for cosmetic procedures or violent content.

Parental Control: Guardians can keep an eye on their offspring’s internet behavior, such as direct messaging and content intake.

Positive Content: By allowing teenagers to research interests, like sports, music, or the arts, they can enhance their online experience.

Extra protection

Reminding teenagers to take breaks after 60 minutes of app use is part of the daily limit.

Sleep mode: To encourage sound sleep habits, automatically mute notifications between 10 p.m. and 7 a.m.

Using artificial intelligence to power age verification, underage individuals can be identified and moved to teen accounts.

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Asif Ali hopes to be called up for Pakistan after a great Champions Cup performance.

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In yesterday’s 92-run defeat against Markhors, Asif Ali, who is playing for the Dolphins under Saud Shakeel, scored a fast half-century.

Asif stated in an interview with a local news station that he wanted to do well enough throughout the competition to possibly earn a spot back on the national squad.

He also disclosed that, prior to making his international debut, he batted at number four in domestic cricket but was forced to settle for number six. The energetic batter had a new task because of the
in batting order.

Asif stated, “Going from No. 4 to No. 6 is not easy.” “It’s critical to train properly for your position in international cricket. It can be challenging to drop to a lower position at the international level if you’re used to playing higher up the order at home.

He talked candidly about the Dolphins’ defeat against the Markhorses as well, stating that given the pitch conditions, he would not have chosen to field first.

“Batting was challenging because the pitch favored bowlers in the latter parts of the game,” he remarked. Because of the early dampness, the Dolphins’ management decided to field first.

He then on, “If they had asked me, I would have told them to bat first and not fall for that.”

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Report: Solar is expected to set new records this year.

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In 2023, there was an expected 87% increase in growth. This year’s increase is 29% over the previous one, according to the research.

The cheapest source of electricity globally is solar power, and as such, it is expanding quicker than many anticipated, according to Euan Graham, an Ember electricity data analyst.

Ember estimates demonstrate the rapid growth of solar energy: in 2024 alone, new solar capacity will surpass the 540 GW of additional coal power added globally since 2010.

Expected to add 334 GW, or 56 percent of the global total in 2024, China continues to lead the globe in this industry.

According to the survey, it is followed by the US, India, Germany, and Brazil. These five nations will account for 75% of the new solar capacity in 2024.

According to the research, maintaining the sector’s growth required grid capacity and battery storage.

“Providing enough grid capacity and developing battery storage is critical for handling electricity distribution and supporting solar outside of peak sunlight hours as solar becomes more inexpensive and accessible,” the statement stated.

“Solar power might continue to surpass forecasts for the remainder of the decade if these issues are resolved and development is sustained.”

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