“With investors highly tuned into how AI spend will represent real revenue for big tech, Apple’s results have provided…reassurance,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Unlike its technology peers such as Microsoft who have poured billions into AI-related investments, Apple took a prudent approach, betting on AI as features meant […]
Participants are encouraged to stay informed about upcoming draws and their results to maximize their chances of winning. Prize Bond draws are managed by National Savings, and winners can claim their prizes from designated branches. This system provides a secure investment with the potential for significant rewards. According to the schedule of the national prize […]
The Omani Rial denoted as OMR, serves as the official currency of Oman and is subdivided into 1,000 smaller units called baisa. Conversion of 500 and 1000 OMR to Pakistani Rupees On January 31, the prevailing exchange rate suggests that 500 Rial is equivalent to Rs361,450 whereas 1,000 OMR amounts to Rs722,900 in Pakistani currency. […]
According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3,317. Additionally, the price for an ounce of gold is SAR 10,318. It is important to note that gold rates are subject to global market fluctuations, including those specific to Saudi Arabia, with the last update recorded […]
The decision was taken following the State Bank of Pakistan’s recent policy rate cut by 100 basis points to 12 percent. According to a notification issued by the finance ministry, the profit rate on Regular Income Certificates has been reduced to 11.88 percent from 12 percent annually. The rates for short-term certificates have also been […]
Advanced chips used for AI have been the bright spot in the weak memory chip market, but rival SK Hynix (000660.KS), opens new tab is Nvidia’s (NVDA.O), opens a new tab main supplier of high-bandwidth memory (HBM) chips used in AI graphics processing units (GPUs), whereas Samsung has struggled to meet Nvidia’s requirements. The U.S. […]
The Federal Board of Revenue (FBR) is to face a revenue shortfall of over Rs 50 billion in the ongoing month of January 2025. As per details, the government is reportedly considering FED on the sugar to minimize the tax shortfall ahead of the IMF review for the second tranche of the ongoing loan program. […]
Dealers said 70%-80% of Brazil’s current arabica harvest has been sold and new trades are slow. Brazil produces nearly half the world’s arabica beans, a high-end variety typically used in roast and ground blends. The country’s recent weather has been more favorable after a severe drought last year. Still, the upcoming crop will be 4.4% […]
The Japanese automaker posted a 3.7% drop in global group unit sales last year, including those of compact car maker Daihatsu and truck unit Hino Motors. The decline was largely due to a steep slump in sales in Japan where the automaker faced fallout from governance issues over certification test procedures, especially at Daihatsu. Second-ranked […]
Bitcoin (BTC) has experienced major increases since the United States elected Donald Trump as president, as investors anticipate that the new administration will implement more favorable policies for cryptocurrencies. It is pertinent to mention that in 2018, the State Bank of Pakistan (SBP), issued a notice in which, they warned commercial banks and general banks […]
