The seal of the International Monetary Fund is seen in Washington DC, USA. — AFP/File Failed targets include FBR revenue and health and education expenditure. Provinces fail to change their farm tax laws before the October deadline. Some pending responsibilities will be transferred from federal to provincial governments. ISLAMABAD: The Finance Ministry has admitted its … Read more
An airliner descends to land, January 5, 2022. — Reuters KARACHI: A coalition of leading businessmen has announced the launch of Air Karachi, a new airline aimed at filling the gaps in Pakistan’s commercial aviation sector, News reported. The announcement was made on Thursday by Atif Ikram Sheikh, president of the Federation of Pakistan Chambers … Read more
A man shops at a store in Peshawar, April 27, 2018. — Reuters CPI-based inflation in November rose just 0.5% month-on-month. Reading well below the financial division’s projection. Strengthens the case for a higher reduction rate than expected. Exceeding official forecasts, inflation in Pakistan slowed to 4.9% year-on-year in November 2024, from 7.2% in October, … Read more
Brokers are busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Thursday, November 28, 2024. — PPI The capital market started the week on a positive note, driven by a combination of improving economic indicators, strong corporate earnings and solid investor confidence. The market is now in an all-time high, reflecting optimism surrounding … Read more
A worker filling gasoline into a vehicle at a gas station in Karachi on April 16, 2024. — PPI Officials expect a decline in POL prices in global markets. The price of kerosene is expected to fall by Re 0.11 per litre. The price of LDO is expected to fall by Re0.04 per liter. ISLAMABAD: … Read more
A combination of images shows Tesla CEO and SpaceX and X owner Elon Musk, as well as a phone with the OpenAI logo displayed on its screen. — Reuters/File Tesla CEO Elon Musk again asked a US court on Saturday to block OpenAI, the creator of ChatGPT, from converting into a for-profit company, according to … Read more
A shopper walks past an advertisement for Black Friday sales displayed in a Pentagon City store window in Arlington, Virginia, the United States, November 27, 2024. — Reuters Shoppers in the United States collectively spent around $10.8 billion on Black Friday, News reported citing data from an updated Adobe Analytics report. Black Friday, the shopping … Read more
A representative image shows the OpenAI website homepage displayed on a computer screen. —Unsplash Canada’s largest news organizations sued OpenAI on Friday, accusing it of using their articles without permission to help train its artificial intelligence chatbot ChatGPT in a deal that could cost the U.S. company billions. Media, including The globe And Email newspaper … Read more
A representative image of a person filling up a car with gas. — Reuters/File The government increases the price of HSD to Rs 252.10 per litre. Ogra sets prices based on the international market. The new rates come into effect on December 1. The federal government has increased the price of petrol by Rs 3.72 … Read more
Indian billionaire Gautam Adani attends the 51st Gems and Jewelery Awards in Jaipur, India, November 30, 2024. — Reuters NEW DELHI: Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by US authorities that he was part of a $265 million corruption scheme, saying his port-feeder conglomerate was committed to … Read more