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Rupee upsurge against dollar continues

The Pakistani Rupee gained Rs1.09 against the US Dollar in the interbank on Monday.

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Rupee upsurge against dollar continues
GNN Media: Representational Photo

According to a State Bank of Pakistan tweet, the US Dollar opened at Rs162.32 and closed at Rs161.23.

State Bank of Pakistan (SBP) data shows that the PKR cherished by 0.68 per cent in the interbank market.

Note that in recent months that the dollar has again touched the level of Rs160.

The rupee had traded at Rs 161.13 on January 16 this year, gaining Rs2.32 per dollar or 1.4 per cent.

It may be recalled that during the current financial year, the exchange rate fluctuated sharply and in August 2020 (FY 21), the rupee depreciated to its lowest level against the dollar, reaching Rs168.70 on August 20 last year.

It should also be noted that the depreciation of the dollar and the appreciation of the rupee came at a time when the International Monetary Fund (IMF) delayed its program for Pakistan for more than a year.

“The supply and demand position of dollars and the upcoming data on the country’s forex reserves will determine the future direction of the rupee. The rupee should conclude this week at Rs160.3 - 161.5 per dollar,” said a currency exchange dealer.

 

It is important to mention that the Pakistani Rupee appreciates when a lesser amount of rupees is required to get one USD whereas PKR depreciates when more rupees are required to get one greenback.

Fateh Farooq is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Fateh Farooq is nothing less than a Veteran Editor and has been writing for GNN for the past 7 months.

Technology

Twitter tests edge-to-edge photos in timeline

The microblogging platform, Twitter is exploring ways to build more visually immersive experience with its latest test to see how images appear on the platform.  

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Twitter tests edge-to-edge photos in timeline

The upcoming feature will expand visual media embedded in tweets to fill the whole width of a mobile phone's screen. The new layout is being tested on iOS but not on Android.

“The change is designed to make it easier for visual content to shine,” said twitter.

In the current test, tweets fill the full frame from left to right instead of being offset by a pretty large margin on the left.

The changes result in much larger images and videos that look better in the feed and a cleaner, more modern design that doesn’t unnecessarily squish tweets to the right of users’ profile pictures.

The test follows two previous image-focused changes— 4K image support and full-size images.

The 4K image support came in April and increased the resolution of images from 2048 x 2048 pixels to 3840 pixels on the long end.

While, full-size image support came in May and brought an end to cropped photos on timelines in iOS and Android.

The company, with the announcement that it is testing edge-to-edge photo support is increasing its chances of becoming an Instagram competitor.

The date for the rollout is not ascertain yet. However, users are already complaining about the change, despite the fact that it is still in its early stages.

This is because, there's no word, on when full-width tweets will arrive on some of the best Android phones.

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Sports

Ramiz Raja becomes PCB chairman unopposed

Lahore: Veteran cricketer and former Test captain-turned commentator Rameez Raja has emerged as the next chairman of the Pakistan Cricket Board (PCB) on Monday.

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Ramiz Raja becomes PCB chairman unopposed

To elect the 36th PCB Chairman, a special meeting of the Board of Governors (BoG) took place today, (September 13) at the High Performance in Lahore.

The PCB Election Commissioner, Mr Justice (retd) Sheikh Azmat Saeed conducted the election, presiding over the meeting.

The members of the BoG including Mr Aasim Wajid Jawad, Ms Alia Zafar, Mr Asad Ali Khan, Mr Arif Saeed, Mr Javed Kurieshi, Mr Ramiz Raja and Mr Wasim Khan attended the special meeting.

At 1415 inside the Bob Woolmer Indoor School, NHPC, the newly-elected PCB Chairman will hold his media conference, which will be live-streamed on all PCB social media channels.

As per the PCB Covid-19 Protocols, which are designed to ensure health and wellbeing of all involved, only reporters and correspondents who are fully vaccinated and have immunisation certificates are invited to attend the media conference.

Moreover, TV news channels will be welcome to use PCB’s broadcast quality live-stream details of which will be shared shortly before the start of the media conference.

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Sports

Australia to cancel Afghan test if Taliban ban women's sports

Canberra: Cricket Australia Thursday issued an official notification, stating that they would cancel Test match against Afghanistan unless Taliban lift the reported ban on women’s sports.

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Australia to renounce Afghan test if Taliban ban women's sports

On its official twitter handle, Cricket Australia said that it will not host Afghanistan planned Test match in Hobart starting November 27, if news reports of Taliban views on the women’s game were true.

"If recent media reports that women's cricket will not be supported in Afghanistan are substantiated, Cricket Australia would have no alternative but not to host Afghanistan for the proposed Test match due to be played in Hobart," said Cricket Australia in its statement.

The Taliban, banned sports for women in the country saying, they don't think women will be allowed to play cricket as it’s not necessary for them to participate.

According to SBS, Ahmadullah Wasiq, deputy head of the Taliban's cultural commission said, “In cricket, women might face a situation where their face and body will not be covered”.

“Islam does not allow women to be seen like this," he stressed.

Meanwhile, players from Afghanistan women’s soccer team are among dozens of athletes who were given visas to live in Australia and have been undergoing quarantine amid coronavirus pandemic.

However, it is a move that could cost Afghanistan its status as a Test-playing nation.

Afghanistan has a national women's cricket team — but its status has been thrown into question along with every other woman in the country after the Taliban ousted the U.S.-backed government.

In August, Taliban allowed men’s cricket to continue and gave approval for the men’s national team to travel to Australia for a test match in November.

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