https://www.facebook.com/101473012856062/

24 Hours

Home
Pakistan
Nowshera
24 Hours

Stay with us for updates

25/01/2023

LAHORE: The textile sector suffered a massive financial loss worth $70 million after the day-long countrywide power breakdown on Monday,

Following the major power outage, industries across the country came to halt as the electricity supply to three provinces was cut from the National Grid.

The country suffered an overall Rs100 billion financial dent following the sudden closure of the industries.

READ: ENERGY MINISTER SUSPECTS ‘FOREIGN HAND’ IN COUNTRYWIDE POWER BREAKDOWN

Sources within the All Pakistan Textile Mills Association (APTMA) said that the textile sector suffered $7 to $8 billion loss across the country.

They added that the textile sector was already facing a severe crisis due to the ineffective policies of the incumbent government and the power outage increased the burden on the industries.

Sources said that the financial dent to the textile sector would be soared to billions of rupees if the government fails to provide an uninterrupted power supply.

READ: ALL GRID STATIONS ‘RESTORED’ AFTER MAJOR POWER OUTAGE, CLAIMS ENERGY MINISTRY

Not only the industries, but the countrywide power outage also restricted the Federal Board of Revenue (FBR) from collecting taxes worth $18 to $20 billion on a daily basis.

The extreme shortfall in electricity generation is said to be the major cause of the power breakdown that hit various parts of the country.

Power generation was lower than 7,000 megawatts on Monday morning, well-placed sources said.” There was upto 6,000 megawatts”.

“Hydel power generation in the country goes down to 90 per cent, while thermal power generation by 70 pct,” according to sources.

Prime Minister Shehbaz Sharif took notice of the countrywide power breakdown and ordered a high-level probe.

25/01/2023

Gold prices pulled back from a nine-month high on Tuesday due to a slight uptick in the dollar and US bond yields, although hopes of slower interest rate hikes from the Federal Reserve underpinned the market.

Spot gold edged up 0.1% to $1,932.34 per ounce by 12:02 p.m. ET (1702 GMT), hitting its highest since late-April 2022 earlier in the session. U.S. gold futures were up 0.2% to $1,932.10.

The dollar index was 0.1% lower against its rivals, making greenback-priced bullion cheaper for many buyers, while benchmark U.S. 10-Treasury yields edged lower from their one-week high.

A survey from S&P Global showed price pressures ticking higher for the first time since last spring, indicating that inflation is far from licked despite aggressive measures to contain it by the Fed.

“I think gold is still holding quite strong as the market expectations are turning more towards a pause from the Fed potentially, or a turn to a more dovish policy,” said Ryan McKay, commodity strategist at TD Securities.

The U.S. central bank delivered four consecutive rate hikes of 75 basis points (bps) before slowing its pace to 50 bps last month to fight soaring inflation.

Traders are now pricing in a 96% chance the Fed will raise rates by 25 bps at its policy meeting next week.

“As the expectation of inflation continuing to come down, there will be lesser need for Fed interest rate hikes and the market is really focused on the idea of an ending to the Fed interest rate cycle,” said David Meger, director of metals trading at High Ridge Futures.

Although gold is considered a hedge against economic uncertainties, higher rates tend to dull zero-yielding bullion’s appeal.

Elsewhere, spot silver rose 0.7% to $23.62 per ounce. Holdings in New York’s iShares Silver Trust exchange-traded fund increased by 4% on Monday.

Platinum jumped 1.1% to $1,058.38, while palladium shot up 2.2% to $1,741.09.

25/01/2023

North Korean authorities have warned of extreme weather conditions in the country as a cold wave sweeps the Korean peninsula.

Temperatures are likely to dip below -30C in the northern regions, which are also the poorest part of the country, the state radio broadcaster said.
Coastal areas are also expected to see high winds, according to state media.

South Korea too has issued a cold wave warning and northern China has been experiencing record low temperatures.
Temperatures are also expected to drop to their lowest in a decade in Japan this week.

While North Korea has been affected by extreme or adverse weather much like other places, little is known about the impact of this on its people.
Ryanggang, North Hamgyong and South Hamgyong, the country's poorest provinces and those expected to be most vulnerable to climate shocks, are all located in the north.

Electricity is uncommon outside the capital Pyongyang, and households in these places burn wood, and dried plants for warmth during the winter,

It also says many merely use plastic wrap around their doors and windows for insulation.
Radio Free Asia reported in December that "large numbers" of people in the country had gone missing late last year during another extremely cold spell.
Many are thought to have starved or frozen to death, as the mercury dipped below freezing and food became scarce.

China’s ‘North Pole’ sees record cold temperatures
Europe and polar regions hit hardest by warming
Food insecurity in North Korea is said to be at its worst since a widespread famine in the 1990s, according to Lucas Rengifo-Keller, a research analyst at Peterson Institute for International Economics in the US.

Scientists say extreme weather, including cold waves, is becoming more common because of climate change.

Tuesday's cold wave alerts come as Pyongyang prepares to celebrate the 75th anniversary of the Korean People's Army next week

25/01/2023

At least 157 people have died in Afghanistan’s harsh winter, a Taliban official said Tuesday, with the death toll doubling in less than a week as millions face bitter temperatures with minimal humanitarian aid.

The country is suffering one of its coldest winters, with temperatures plummeting to as low as minus 28 degrees Celsius (minus 18 Fahrenheit) in early January – far below the nationwide average of between 0 and 5 degrees Celsius for this time of year.

The impact has been made worse by the limited amount of humanitarian aid being distributed in the country, following the Taliban’s ban on female NGO workers.

The United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) said on Twitter Sunday it was delivering aid such as blankets, heating and shelter to some 565,700 people.

“But much more is needed amid one of the coldest spells in years,” it added.

Around 70,000 livestock have also frozen to death across the country, Shafiullah Rahimi, a spokesman for the Taliban’s Ministry of Disaster Management told 24 hours Tuesday.

Press Briefing by Deputy Secretary-General Amina J Mohammed on the launch of the 2022 Financing for Sustainable Development Report, United Nations, New York City, New York, April 12, 2022. (Photo by EuropaNewswire/Gado/Getty Images)
Top UN female envoys meet Taliban in Kabul to discuss ban on women aid workers
Since the hardline Islamist group took over in August 2021, Afghanistan has plunged into an economic and humanitarian crisis.

It has been battered by natural disasters and is entering its third consecutive year of drought-like conditions.

An estimated 28.3 million people – roughly two thirds of Afghanistan’s population – are in need of urgent humanitarian assistance to survive, according to a recent UNOCHA report.

At least half a dozen major foreign aid groups have suspended their operations in Afghanistan since December, when the Taliban ordered all local and international non-governmental organizations to stop their female employees from coming to work, or risk having their licenses revoked.

Last week, some of the UN’s most senior female officials took a four-day trip to Afghanistan and met with Taliban leaders in Kabul, asking them to lift the ban and “put the good of the country first.”

Amina Mohammed, the UN’s Deputy Secretary-General, described the recent policies as a violation of women’s basic human rights.

“… Afghanistan is isolating itself, in the midst of a terrible humanitarian crisis and one of the most vulnerable nations on earth to climate change,” Mohammed said in a statement. “We must do everything we can to bridge this gap

23/01/2023

California police have identified the gunman suspected of killing 10 people in a ballroom dance studio near Los Angeles as Huu Can Tran, 72, who was later found dead in a white van.
He had a self-inflicted gunshot wound and was declared dead at the scene, LA County Sheriff Robert Luna said.
Celebrations for Lunar New Year had been under way in Monterey Park, known for its large Asian population.
Police do not yet know the motive.
Ten people were wounded in the shooting, and seven are still in hospital, some in a critical condition, the sheriff said at a news conference on Sunday afternoon in Monterey Park.

23/01/2023

Pakistan ace pacer Shaheen Shah Afridi, who is in Saudi Arabia, recently had the privilege to perform Umrah.

Shaheen has not distanced himself from social media and is keeping his fans updated with all that he's doing.

Taking to two social media platforms — Twitter and Instagram — the fast bowler shared a picture of himself at the Khana-e-Ka'aba.

"Alhamdulillah," he captioned the picture.

22/01/2023

Twitter owner Elon Musk tweeted on Saturday that a higher priced subscription of the social media platform will not carry advertisements.

The billionaire also said that ads are “too frequent on Twitter and too big,” and that steps will be taken to address those issues in coming weeks.

Twitter did not immediately respond to a request for comment.

Twitter earns nearly 90% of its revenue from selling digital ads and Musk recently attributed a “massive drop in revenue” to rights organizations that have pressured brands to pause their Twitter ads.

21/01/2023

Pakistan State Oil (PSO) spokesperson on Friday denied all the rumours about the shortage of fuel reserves and said that there is ample stock of petroleum products in the country,

According to PSO’s spokesperson, the Ministry of Energy and Oil & Gas Regulatory Authority (OGRA) is monitoring the overall situation regarding product availability by other oil marketing companies so that the country’s supply chain continues to be maintained seamlessly.

He said that PSO will continue to provide an uninterrupted supply of petroleum products in the country, there is sufficient stock of petrol and diesel in the country available, while 80,000MT of petrol and 90,000MT of diesel have reached Karachi port.

The spokesman OGRA said that local refineries and oil marketing companies are also working to meet the demand for petroleum products.

20/01/2023

A spine-chilling incident has been reported in India’s Delhi, where a student stabbed a government school teacher with a knife.

The accused student named Juvenile was currently 12 grade in his college, stabbed a government school teacher in the stomach.

The teacher was immediately rushed to the B.L. Kapoor hospital in Delhi for treatment. Follow us for more.

20/01/2023

A football fan in Saudi Arabia paid $2.6 million for a VIP ticket to see Cristiano Ronaldo and Lionel Messi go head-to-head in an exhibition match.

The exhibition match was played at King Fahd International Stadium on Thursday featuring Messi’s Paris Saint-Germain and a team consisting of players from Ronaldo’s Al Nassr and Al Hilal.

A special “Beyond Imagination” ticket for the match was auctioned off by the Saudi government’s entertainment arm promising the winner the opportunity to meet Ronaldo and Messi, as well as access to the team dressing rooms and trophy award.

20/01/2023

The "monster" specimen is six times bigger than the average toad, weighs 2.7kg, and could break a world record.
Dubbed "Toadzilla", the animal was quickly placed in a container and removed from the wild.
Toads - which were first introduced to Australia in 1935 - are one of the country's most damaging pests and are now estimated to number over 2 billion.
When park ranger Kylee Gray first spotted the massive amphibian while out on patrol in Queensland, she couldn't believe her eyes.

19/01/2023

Talks between Pakistan and Russian officials have begun in Islamabad for crude oil and Liquified Natural Gas (LNG) deal,

As per details, the meeting of Pakistan, and Russian inter-governmental delegations are underway in Islamabad. The ministerial-level dialogue will be held tomorrow, the sources said.

The talks will continue til January 20.

The Russian delegation reached Pakistan on Tuesday for three-day inter-governmental talks.

Sources told 24 hours that the Minister of Economic Affairs Sardar Ayaz Sadiq will lead the Pakistani side while the visiting dignitaries will be represented by the Russian energy minister.

According to sources, both countries are also expected to review the progress on the Pakistan Stream Gas Pipeline project.

19/01/2023

Pakistan International Airlines (PIA) spokesperson on Wednesday said the national flag carrier added two more aircraft to its operations fleet during the last 24 hours.

19/01/2023

tremors of 5.6 intensity jolted Peshawar, Kohat and parts of Khyber Pakhtunkhwa on Thursday,

Address

Akora Khattak
Nowshera
24040

Telephone

+923095612349

Website

facebook.com

Alerts

Be the first to know and let us send you an email when 24 Hours posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.