KARACHI: Electricity supply has resumed in Karachi’s North Karachi Sector 5C-1, according to a K-Electric (KE) spokesperson. “The area had experienced a power outage due to a scheduled maintenance shutdown, which has now been successfully completed and restored,” the spokesperson said in a statement. “Maintaining the electrical infrastructure is essential for ensuring a reliable power […]
Federal Housing Finance Agency director William J. Pulte ordered the two government-sponsored enterprises to prepare to consider crypto for mortgage loan risk assessments. The US Federal Housing Finance Agency (FHFA) has ordered home mortgage purchasers Fannie Mae and Freddie Mac to consider how to count cryptocurrencies as assets in their risk assessments for some home loans. FHFA director William J. Pulte told both of the government-sponsored enterprises (GSEs) in a letter on Wednesday to “prepare a proposal for consideration of cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments, without conversion of said cryptocurrency to U.S. dollars.” The order means the two GSEs could consider potential borrowers’ crypto holdings when they apply for a mortgage, which Pulte said “has not typically been considered” in mortgage risk assessments without first converting the crypto to US dollars. Read more
Pakistan’s Minister of State for Interior, Talal Chaudhry, has declared that no fake passports can currently be issued in the country, following a crackdown on networks involved in human smuggling and passport fraud, ARY News reported. According to Talal Chaudhry, authorities have arrested over 285 human traffickers, including more than 200 individuals associated with the […]
KARACHI: The Karachi sugar price hike has once again risen steeply, crossing Rs190 per kilogram in different areas, leaving citizens struggling under the pressure of inflation, ARY News reported. Just a few days ago, sugar was being sold at a rate of Rs 175 per kg. But an unexpected hike in the price of Rs […]
MindsEye developer Build a Rocket Boy is reportedly laying off employees less than a month after the tumultuous release of its debut game. According to a report by IGN, the developer confirmed some internal changes weeks after launching its game, which was considered a rival of the hotly anticipated Grand Theft Auto (GTA) 6. Comparisons […]
CALIFORNIA: In an encouraging viral rescue operation on June 25, animal control officers in Alameda, California, successfully rescued a stuck kitten inside the engine compartment of a parked car at an OfficeMax parking lot. The Alameda Police Department highlighted in a social media post that the kitten was exposed, hiding under the hood, seeking shelter […]