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Fitch Ratings Upgraded Pakistan’s Credit Rating to ‘CCC+’.

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Fitch Ratings
Fitch ratings

(VOR News) – Pakistan’s Fitch Ratings Long-Term Foreign-Currency Issuer Default Rating (IDR) has been upgraded from ‘CCC’ to ‘CCC+’, according to an announcement made by Fitch Ratings.

A recent deal with the International Monetary Fund (IMF) is the primary factor that has led to this development, which indicates that Pakistan’s external liquidity and financial conditions have improved from their previous state.

Pakistan demonstrated impressive performance under a previous International Monetary Fund (IMF) program, which led to the current 37-month Extended Fund Facility (EFF) arrangement worth $7 billion.

The nation was successful in reducing its budget deficits and re-establishing its foreign exchange reserves, which contributed to the establishment of a more stable economic environment.

Pakistan’s staff-level agreement with the International Monetary Fund (IMF) is largely responsible for the rating upgrade.

Fitch Ratings has a high rating because external support is a given.

Pakistan plans to solve the ongoing structural difficulties that have been plaguing its tax system, energy sector, and state-owned firms through the implementation of the new program.

The government has committed to preserving the flexibility of the exchange rate and improving the framework through which monetary policy is implemented.

Depending on Pakistan collecting further finance commitments from bilateral partners such as Saudi Arabia, the United Arab Emirates, and China, Fitch Ratings anticipates that the International Monetary Fund board will approve the program by the end of August. These pledges are expected to total to around $4-5 billion over the course of the EFF’s tenure.

Pakistan has shown fiscal discipline during the course of the past year by increasing taxes, decreasing spending, and increasing the costs of goods and services such as petrol, electricity.

The government has also made considerable initiatives to close the difference between exchange rates on the parallel market and those on the interbank market.

A crackdown on the black market is included in Fitch Ratings actions.

In the fiscal year 25 (FY25), Fitch Ratings forecasts that Pakistan’s current account deficit (CAD) would be contained at roughly $4 billion, which is equivalent to approximately 1% of GDP. This comes after a significant drop to approximately $700 million in the fiscal year 24. The tightening of financing conditions and the general decrease in domestic demand are to blame for this.

As a result of the State Bank of Pakistan (SBP) rebuilding its foreign exchange reserves in the midst of new finance inflows and limited Canadian dollars, Pakistan’s foreign exchange reserves have showed significant signs of recovery.

By June 2024, official gross reserves, which include gold, had climbed to more than $15 billion. It is anticipated that these reserves will increase to about $22 billion by the end of the fiscal year, which will bring them closer to their peak in 2021.

In the fiscal year 25 (FY25), Fitch Ratings anticipates a primary surplus of 0.8% of GDP and an overall fiscal deficit of 6.9% of GDP. By fiscal year 26 (FY26), the deficit is expected to decrease to 1.3% and 6.9% of GDP, respectively. Developed in conjunction with officials from the International Monetary Fund, these projections are based on the partial implementation of the revenue initiatives that are stated in the budget for the fiscal year 25.

Here’s what Fitch Ratings thinks about Pakistan’s upheaval.

Fitch Ratings highlighted potential weaknesses due to Pakistan’s large finance needs and the demand for onerous reforms, despite the fact that these economic indicators are encouraging. The agency issued a warning that the failure to execute these measures might put the performance of the program as well as the stability of the funding at risk.

Fitch Ratings voiced concerns about the political environment in the wake of the close results of the elections that took place in February. These elections resulted in a mandate for Prime Minister Shehbaz Sharif’s PMLN party that was weaker than anything that was anticipated.

Following a verdict by the Supreme Court that re-allocated reserved seats in favour of independents linked with the PTI party, which is the party of former Prime Minister Imran Khan, the Pakistan Muslim League-Nawaz (PMLN) and its allies hold only a slender majority in the National Assembly.

SOURCE: MMN

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Salman Ahmad is a seasoned freelance writer who contributes insightful articles to VORNews. With years of experience in journalism, he possesses a knack for crafting compelling narratives that resonate with readers. Salman's writing style strikes a balance between depth and accessibility, allowing him to tackle complex topics while maintaining clarity.

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Apple Joins Google’s Antitrust Trial After an Agreement on Search Engines.

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Photo: Reuters

(VOR News) – Apple has submitted a request to participate in the antitrust trial that is expected to take place in the United States during this time period.

This request comes in light of the fact that the trial against Google that is set to take place in the United States is rapidly approaching. The trial is expected to take place in the United States of America, according to current expectations.

The operations of Google that involve the conduct of online searches will be presented as the subject of examination during the trial that is now taking place.

According to Apple’s frame of thought, the company cannot rely entirely on Google to maintain revenue-sharing arrangements that bring in billions of dollars for Apple and its business each year. These arrangements entail Apple and Google sharing money.

Apple needs these alliances to survive.

At this time, Google is the primary search engine that is incorporated into the Safari web browser that is provided by Apple. This is due to the fact that these agreements have been reached, and as a consequence, the Safari web browser is now compatible with Google.

According to the documents that were presented to the court in Washington on Monday, Apple has made it abundantly clear that it does not intend to establish its own search engine in order to compete with Google. This is consistent with the materials that were filed.

A notation of this fact was included in the documents themselves. Regardless of whether or not these payments continue to be provided, the fact that this remark was made regardless of whether or not they continue to be delivered makes it immaterial whether or not they continue to be provided.

The arrangement that Apple has with Google is directly responsible for the fact that it is projected that Apple will have received twenty billion dollars by the time the year 2022 comes to a close. It is a direct consequence of the arrangement that has come about.

Apple has indicated that it intends to carry out its desire to have a trial in the month of April, and it has claimed that it intends to accomplish this by inviting witnesses to testify during the hearing.

Apple said it would have a trial in April.

According to Apple’s announcement, the company intends to comply with the request. The conditions are anticipated to be the determining factor in determining the site of the trial.

Furthermore, this trial is part of the historic lawsuit the Department of Justice is running against Google. These are some additional things of interest to give thought to.

This case aims to show that the required changes are ones that Google must do if it is to reach the objective of restoring competition in the market for internet search. Right now, the trial is in progress; this is the moment we live in.

The corporation is anticipated to opt for the sale of its Chrome browser and potentially its Android operating system as part of these initiatives. This is a potentiality that persists. It is unequivocal that all of this lies within the realm of possibility. A possibility exists that something will occur.

Apple’s legal counsel claimed Google no longer represented Apple’s interests:

“Google must now defend itself against a broad effort to break up its business units.” This statement was made in response to the fact that Apple’s legal counsel had published the statement.

Regarding the statement that was published by Apple, this remark was made in conformity with the statement. It is extremely probable that the trial will have significant repercussions for the manner in which clients acquire information online, and there is a strong likelihood that these effects will be severe.

The trial is expected to take place in the near future. Considerable influence is anticipated to be brought about by the trial.

Consequently, as a result of this, Google has requested that the default agreements it has with mobile device manufacturers, browser developers, and wireless carriers be opened up to the public. On the other hand, the organization has shown no indication that it intends to terminate the revenue-sharing arrangements that it currently has in place.

SOURCE: TN

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YouTube to MP4: Top Thing You Need to Know

On December 24, NASA’s Parker Solar Probe Will Make Its Closest Approach To The Sun.

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YouTube to MP4: Top Thing You Need to Know

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YouTube to MP4: Everything You Need to Know
YouTube to MP4: Everything You Need to Know

Downloading videos from YouTube and converting them into MP4 files has become a popular trend. Whether you want offline access or need the content for a project, YouTube to MP4 converters make it simple. Here’s an in-depth look at what these tools are, how they work, and things to keep in mind.

What Is YouTube to MP4 Conversion?

YouTube to MP4 converters allow users to save videos from YouTube in the widely accepted MP4 format. The MP4 format is preferred because it’s compatible with almost every device and delivers high-quality video and audio.

These tools can help you save videos for offline viewing, presentations, or even educational purposes. However, it’s essential to ensure you follow YouTube’s terms of service when using such tools.

Why Choose MP4 Format?

MP4 is one of the most versatile and widely used multimedia formats. Here are some reasons why it’s a go-to option:

  • Compatibility: MP4 works on most devices, including smartphones, computers, and smart TVs.
  • Quality: It provides excellent quality for both video and audio without taking up excessive storage space.
  • Efficiency: It’s easy to stream, share, and edit.

If you’re looking for a reliable tool, platforms like YTMP4 or SubEasy’s converter offer fast and effective solutions.

How to Convert YouTube Videos to MP4

Converting videos is simple. Here’s how it typically works:

1. Copy the YouTube Link

Find the video you want to save and copy its URL. Make sure the content is something you have permission to download.

2. Visit a YouTube to MP4 Converter

Access a trusted converter like Y2Mate. These tools are user-friendly and only require you to paste the YouTube link.

3. Choose the Desired Format

Most converters let you select quality settings, such as 720p, 1080p, or even 4K. MP4 is often the default format.

4. Download Your File

Click “Download” and let the tool process your request. Once complete, save the file to your device.

For a detailed guide, check out this resource on how to download YouTube videos.

Are These Tools Legal?

When discussing YouTube to MP4 converters, legality often comes up. YouTube’s terms of service don’t allow video downloads unless explicitly permitted by the platform. This means downloading videos without proper authorization could lead to consequences.

However, there are exceptions. For example:

  • Personal Use: Some content creators allow downloads if used for personal, non-commercial purposes.
  • Creative Commons: Videos under the Creative Commons licence are free to download.
  • Public Domain: Content that’s public domain can usually be saved freely.

Always double-check content rights before proceeding.

Free vs Paid Converters: What’s the Difference?

There are both free and paid tools available for converting YouTube videos. Here’s how they differ:

Free Converters

  • Examples: Turboscribe AI
  • Pros: No costs, easy to use, quick results.
  • Cons: May have ads, limited quality options, or slower speeds.

Paid Converters

  • Pros: Offer advanced features, faster downloads, and better quality.
  • Cons: Costs may not be worth it if your needs are basic.

If you only need occasional downloads, free tools like YTMP4 are usually sufficient.

Risks to Watch Out For

Not all converters are created equal. While most do the job efficiently, others may pose risks. Here’s what to look out for:

  • Malware and Viruses: Avoid tools with excessive ads or suspicious permissions.
  • Privacy Concerns: Use platforms that don’t require personal data.
  • Quality Issues: Some tools might compress the video too much, reducing its quality.

Visiting trusted options like SubEasy can help you avoid these problems.

Alternatives to Downloading Videos

If you’d rather not rely on converters, YouTube offers its own solutions. The platform’s Premium service allows users to save videos for offline playback directly in the app, though it doesn’t provide MP4 files.

For detailed methods, check out this article on how to download YouTube videos.

YouTube to MP4 conversions can be handy, but it’s important to use these tools responsibly. Always respect intellectual property rights, and choose safe, reliable converters to protect your devices and data.

By understanding the process and potential risks, you can enjoy the convenience of offline videos without any hassle. There’s no shortage of tools available, so pick the one that best suits your needs.

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Best Ways to Convert YouTube to MP3

Best Ways to Convert YouTube to MP3

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On December 24, NASA’s Parker Solar Probe Will Make Its Closest Approach To The Sun.

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NASA

(VOR News) – NASA’s Parker Solar Probe will make its last approach to the sun, according to the National Aeronautics and Space Administration (NASA).

This is expected to take place on the 24th of December. On this particular date, it is widely predicted that the project will be finished on time.

It has been reported by Sci Tech Daily that the Parker Solar Probe, which is currently in fine condition and is being controlled by the National Aeronautics and Space Administration (NASA), is functioning in an efficient manner. This data was provided by the National Aeronautics and Space Administration.

The National Aeronautics and Space Administration (NASA) is in charge of supervising the Living With a Star Program, which includes the Parker Solar Probe, which is an essential undertaking associated to the program.

The program is managed by NASA.

The program’s principal mission is to conduct research to enhance understanding of the Sun and its effects on Earth.

The airplane is projected to traverse a distance of 3.8 million miles (6.1 million kilometers) from the Sun throughout the mission. In comparison to the Sun, this distance signifies an exceptionally close encounter with the star in question.

The persons responsible for the mission will encounter difficulties in contacting them during the interval when the spacecraft is at its closest approach, known as perihelion.

On December 27th, subsequent to the flyby, it will transmit a signal to confirm its proper functionality and acceptable operation. This will provide as evidence that it is functioning within its standard parameters. The implementation of this plan will ensure its proper functioning.

The acquisition of fresh knowledge and discoveries related to solar activity and phenomena will be facilitated by the subsequent collecting of these data.

“This exemplifies NASA’s audacious missions, undertaking unprecedented endeavors to address enduring inquiries regarding our universe,” stated Arik Posner, a scientist involved in the Parker Solar Probe program at NASA Headquarters in Washington.

“This exemplifies one of NASA’s audacious missions.” “This exemplifies one of NASA’s audacious missions.” “This exemplifies one of NASA’s audacious missions.”

“This has to be one of NASA’s most ambitious undertakings.”

Posner dedicated time and effort to composing this assertion, which he then included into a publicly released statement.

He remarked, “We anticipate receiving the initial status update from the spacecraft and commencing the acquisition of scientific data in the forthcoming weeks.”

This constitutes an additional point of interest. These are additional things of interest to contemplate. This subject is attracting significant attention from persons worldwide.

While at the Advanced Photon Technologies (APT) laboratory, Nick Pinkine, newly appointed mission operations manager for the Parker Solar Probe, noted that “no human-made object has ever approached a star this closely, thus Parker will indeed be transmitting data from uncharted territory.”

Pinkine is responsible for supervising the mission activities of the Parker Solar Probe and is accountable for these operations. Pinkine’s observation pertains to the Parker Solar Probe’s return of data from hitherto uncharted locations. These ecosystems have not been before encountered.

He issued the following remark for the sake of clarification: “We anticipate a response from the spacecraft upon its completion of the solar orbit.”

SOURCE: JN

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