DUBAI (Reuters) — Crown Prince Mohammed bin Salman established a new business on Monday to develop and administer artificial intelligence technology in Saudi Arabia, a main objective in the country’s economic diversification efforts. US President Donald Trump visits Saudi Arabia this week, the first stop on his Gulf trip, andRead More →
Trump’s decision to silence VoA is the last straw for a broadcaster who has long struggled with balancing propaganda and truth. (Webdesk) : The Trump administration’s authoritative decollate has claimed yet addition academy — Voice of America (VOA), the US government-funded anchorperson that already served as Washington’s loudspeaker to theRead More →
The Federal Government has enacted the Digital Prize Bonds (Registered) Rules, 2024, which will take effect immediately, according to a notice issued by the Finance Division. The issuing authority under these new regulations will be the Central Directorate of National Savings (CDNS) or any other approved entity. The bonds willRead More →
Pakistan is expected to see another increase in fuel prices, with up to 3 rupees per liter for both petrol and diesel beginning January 16, 2025. This predicted price hike comes after a jump in global crude oil prices, which have hit their highest levels in over three weeks. TheRead More →
PALM BEACH: Emirati billionaire Hussain Sajwani committed to spend $20 billion in the expanding US data center business in the next years, he and US President-elect Donald Trump said on Tuesday at Trump’s Palm Beach, Florida, residence. With an election victory mainly fueled by voters’ economic worries, Trump has doubledRead More →
ISLAMABAD: As the administration seeks to decrease spending and increase efficiency, Finance Minister Muhammad Aurangzeb voiced confidence on Tuesday that the analysis and implementation plan for rightsizing 42 ministries will be completed by June 30. “We have decided to bring five or six departments under rightsizing in each phase,” statedRead More →
KSE-100 Index Surges as Investor Confidence RisesThe Pakistan Stock Exchange (PSX) began the New Year on a positive note, maintaining its rising trend since late 2024. The KSE-100 index rose 929.53 points to 116,056, bolstered by a freshly announced government economic strategy that has greatly increased investor confidence. This strongRead More →
After commencing trade at 296 in the interbank market, the Pakistani rupee fell to a new record low versus the US dollar today. It was negative at 12 PM, sliding as low as 300 after losing Rs. 4 versus the greenback, succumbing to opening-bell bears. Later, at 1:30 and 2:30Read More →
The Gilgit-Baltistan (GB) government has formally outlawed the use, sale, production, and transit of plastic bottles inside the area in an effort to protect public health and the environment.Following a high-level meeting on Thursday that was presided over by the GB Chief Secretary and attended by notable authorities including theRead More →
In July 2023, Pakistan’s imports of mobile phones totaled a staggering Rs. 19 billion, according to figures made public by the Pakistan Bureau of Statistics (PBS).The imports in July 2023 were 24 percent greater than the 15.356 billion rupees in imports that were recorded in June 2023, according PBS statistics.ImportsRead More →
(Web Desk) – TikTok, the popular video-sharing app, has announced the extension of text posts on TikTok, a new format for generating text-based content that expands artists’ possibilities for sharing their thoughts and expressing their creativity. “With text posts, we’re expanding the boundaries of content creation for everyone on TikTok,Read More →
ISLAMABAD (Web Desk) – Citing growing commodity prices in the global market, Finance Minister Ishaq Dar announced a Rs19.95 per litre hike in fuel prices on Tuesday, triggering more inflation in the country at all levels. Dar stated in a statement broadcast live by TV networks that the increase inRead More →