The Chief of Army Staff, General Qamar Javed Bajwa, has requested assistance from Washington in achieving an early transfer of funds from the International Monetary Fund in order to help stabilize Pakistan's shrinking economy. Deputy Secretary of State Wendy Sherman, according to security sources, spoke with the army chief earlier this week. It is stated that the army chief made a plea to the White House and Treasury Department to get the IMF to immediately supply the almost $1.2 billion that the country is slated to receive under a reopened loan program. "Staff-level approval" for the loan was granted by the International Monetary Fund (IMF) on July 13. IMF Executive Board clearance is required before the transaction can be completed as part of Pakistan's $6 billion Extended Fund Facility. The International Monetary Fund (IMF) will be on vacation for the next three weeks, and its board will not meet until late August at the earliest. According to an IMF official wh
Netflix Introduces a Password Sharing Fee in Five Countries
Netflix has always been opposed to password sharing, and it may soon put an end to it. The well-known streaming service is experimenting with charging for password sharing in five Latin American countries.
Netflix intends to charge subscribers for using a single membership across several homes in order to raise income. The update is now being tested in Argentina, El Salvador, Guatemala, Honduras, and the Dominican Republic. Customers in these counties will be charged an extra cost if they use their account away from their normal location for more than two weeks.
Users of mobile devices such as smartphones, tablets, or laptop computers, as well as those on vacation, will be unaffected by the change. Password exchange will cost an additional $1.7 in Argentina, and $2.99 in other countries.
More than 100 million users are purportedly using Netflix accounts that they did not purchase, causing the streaming service's lethargic growth. The streaming service lost 200,000 customers in the first quarter and is expected to lose another 2 million in the next three months.
Investors are concerned about the platform, which has led the company's stock price to fall by more than 65 percent.
Comments
Post a Comment