Author: none@none.com (Reuters | Dawn.com)

The State Bank of Pakistan (SBP) has received a $1 billion tranche from the International Monetary Fund (IMF) under a new program, with additional financing assurances from China, Saudi Arabia, and the United Arab Emirates. This funding is part of a 37-month $7 billion Extended Fund Facility approved by the IMF Board. The first tranche of special drawing rights (SDRs) worth 760 million has been received by the SBP, with the inflows reflected in liquid reserves to be released on October 3. SDRs are international reserve assets created by the IMF to supplement existing official reserves. IMF Pakistan Mission Chief…

Welcome to our blog! Today, we are discussing the recent political turmoil in Bangladesh that led to the resignation of Prime Minister Sheikh Hasina amidst widespread protests and violence. What began as a demonstration to reform the quota system for government jobs quickly escalated into a movement calling for Hasina’s ousting. The protests intensified in July, with students taking to the streets in opposition to the quotas. The situation reached a tipping point when over 300 people were killed in the ensuing violence. Amidst the chaos, Bangladesh’s army chief announced Hasina’s resignation and his plans to form an interim government…

**Tech Outage Chaos: Microsoft Cloud Services Down Worldwide** An unprecedented tech outage on Friday left companies worldwide scrambling as Microsoft’s cloud computing suites experienced disruptions. Flights were grounded, news outlets couldn’t broadcast, and operations in brokerage houses were hindered. The outage affected Australia, the US, UK, and India, impacting banks, media houses, stock markets, government branches, and airports. According to DownDetector, global reports of breakdowns in Microsoft’s Azure and Microsoft 365 services flooded in within 24 hours. In Pakistan, a total of 25 Azure outages were reported, with only 13 for Microsoft 365. Responding to the situation, Microsoft detailed that…

Worldwide Chaos as Microsoft Cloud Outage Disrupts Operations On Friday, companies worldwide faced disruptions as Microsoft’s cloud computing suites experienced a major outage. Flights were grounded, news outlets couldn’t broadcast, and brokerage houses faced operational challenges. Outages were reported in Australia, the US, the UK, and India, impacting banks, media houses, stock markets, government branches, and airports. According to DownDetector, over 1,700 outages were reported in the US alone for services like Azure and Microsoft 365. In Pakistan, a limited number of outages were also documented. Despite this, Haroon Baloch, a digital rights advocate, mentioned minimal impact on Pakistani organizations…