Pakistan and the Asian Development Bank (ADB) have signed six loan agreements worth $1.2 billion, with one-third of it to be disbursed as budget financing, reopening choked financing pipelines after reaching a deal with the International Monetary Fund (IMF). The loan agreements were signed by the Economic Affairs Division (EAD) and the local office of […]
The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) has dropped 3,200 points, or more than 4.6%, over the last two days. At 2:00 pm, the index was essentially unchanged at 62,996 points. Samiullah Tariq, Head of Research at Pak-Kuwait Investment Company, stated that the market was taking profits and that there was significant […]
Valuation Ruling No. 1834/2023 is the new regulation that the directorate has published to replace the old one that was released nine months ago. This decision, which is based on Section 25-A of the Customs Act, 1969, particularly relates to the evaluation of the worth of cell phones. The official paper states that in order […]
The National Vocational and Technical Training Commission (NAVTTC) and Daraz, the top e-commerce platform in Pakistan, have formally entered a strategic relationship through a Memorandum of Understanding (MoU), signed on December 11 in Karachi. Mr. Hafeez Abbasi, Director General of SS&C, NAVTTC, and Mr. Ehsan Saya, Managing Director of Daraz, signed the Memorandum of Understanding. […]
One of the main reasons the nation repeatedly requests bailouts from the International Monetary Fund (IMF) is the small size and slow growth of its exports. Not only is Pakistan’s export profile small, but it is also undiversified. The textile sector is primarily responsible for about half of Pakistan’s total exports of products and services […]
Zoom Video Communications increased demand on Monday by raising its yearly revenue and profit projections due to trends toward hybrid work and the incorporation of artificial intelligence technologies into its products. During the COVID lockdowns, platforms like Zoom, Microsoft Teams, and Cisco Webex became well-known, and their demand has been steady as more companies have […]
The leader of the PML-N, Nawaz Sharif, met with US Ambassador Donald Blome on Saturday in Lahore. During their conversation, they talked about the political and economic climate of the nation, with a focus on his party’s election preparations. Blome met with Sharif as part of a series of meetings with politicians as election season […]
Sam Altman, the CEO of OpenAI and, for many, the face of generative AI, was sacked by the board of the firm that created ChatGPT on Friday, shocking the tech community. The business announced that Mira Murati, Chief Technology Officer of OpenAI, will take on the role of acting CEO in the interim and that […]
In an effort to patch things up with his counterpart Joe Biden, who referred to him as a “dictator,” President Xi Jinping told American business executives on Wednesday that China is “ready to be a partner and friend of the United States.” “This will only lead to wrong policymaking, misguided actions, and unwanted results,” he […]
The celebration to mark the exhibition’s debut will take held in Manhattan on May 6 of the following year. The theme for the Costume Institute’s 2024 exhibition and gala, the biggest party of the fashion world, was revealed by the Metropolitan Museum of Art on Wednesday. It is called “Sleeping Beauties: Reawakening Fashion.” Each year, […]
