The dollar index, which measures the U.S. currency against six other major currencies, was last down 0.12% at 103.35. It has risen around 2% this year as the U.S. economy has fared better than expected, causing investors to rein in their bets that the Fed will cut rates quickly and deeply in 2024. Markets are […]
The report said the negotiations are about licensing Gemini for some new features coming to the iPhone software this year, adding that the terms or branding of an AI agreement or how it would be implemented have not been decided. It is unlikely that any deal would be announced until June when Apple plans to […]
In its latest monetary policy statement for the next six weeks, the central bank maintained that in approaching today’s decision, the monetary policy committee (MPC) noted that inflation has begun to decline noticeably from January 2024 in line with earlier expectations. “The Committee, however, observed that despite the sharp deceleration in February, the level of […]
Addressing a press conference in Karachi, Sharjeel Inam Memon said the Pakistan People’s Party government is focusing on resolving the transport issues of the province.He said two more routes of electric buses will be launched after Eid in Karachi to facilitate the commuters. The Sindh minister also announced the launching of new bus services in […]
The shop called “Pile ou Face”, French for “Heads or Tails”, is located near the central square Place Flagey and offers parcels at 16 euros ($17.40) per kilo. Customers pick a box among the dozens stored in the shop and some open them on the spot. “It is like gambling. I paid 40 euros and […]
In response to growing costs, the government has temporarily banned the export of onions and bananas during Ramadan. Federal Minister for Commerce Jam Kamal Khan addressed concerns about the export restriction on Friday in the National Assembly, making it clear that it is just temporary and intended exclusively for Ramadan. After the Ministry of National […]
The visit of the IMF mission to Pakistan highlights how vital it is to implement anti-corruption and fiscal reforms in order to stabilize the economy and promote sustainable development. Key topics of discussion for the talks between Pakistani authorities and the IMF personnel are highlighted in the agenda that has been leaked to the media. […]
The longest and heaviest freight train ever introduced by Pakistan Railways represents a major advancement in the nation’s transportation system. Featuring 50 bogies and an amazing 25,000 feet in length, this freight train creates a new standard in the history of rail freight in the country. The train’s enormous size—it can hold 94 22-wheeler trucks—highlights […]
Prime Minister Shehbaz Sharif and US Ambassador to Pakistan Donald Blome met as the new administration began attempts to get a fresh loan to address its financial difficulties. During the discussion, they talked about other important matters as well as the economic reforms through the International Monetary Fund (IMF). Acting US Mission Spokesperson Thomas Montgomery […]
The potential partnership could help the two develop economies of scale in producing EVs as Japan’s automakers face heavy competition from China’s BYD, Tesla, and others. Nissan was a pioneer in electric vehicles (EVs) with its all-electric Leaf model but has struggled alongside other legacy automakers in the face of increasing competition from nimbler new […]
