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Trump poised to clinch $1.3 billion social media company stock award

  • 3 min
Former U.S. President Donald Trump is set to receive a $1.3 billion stock award from his social media app, Truth Social. This award, accumulated due to a surge in the company's shares, will bring his total stake in the company to $4.1 billion. The award is subject to stock performance and has implications for Trump's overall wealth.
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Biden to cancel another $1.2 billion of student loans

  • 2 min
President Biden's administration will cancel $1.2 billion of student loans for 153,000 eligible individuals through the Saving on a Valuable Education (SAVE) program. This is part of ongoing efforts to increase loan forgiveness after a Supreme Court decision blocked a broader plan. In total, $138 billion has been canceled for 3.9 million people through executive actions.
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Fake cigarettes cost Rs. 5.7 billion loss every year

  • 2 min
Fake cigarettes are causing an annual loss of approximately Rs. 5.7 billion due to tax evasion, as reported by ARY News. The market is flooded with counterfeit or non-duty paid cigarettes, with over 42.5 million bearing fake tax stamps. Strict implementation of track and trace systems is being demanded by industry sources. FBR recently seized over 307,000 non-duty paid cigarettes in Karachi.