The Aerospace Information Research Institute (AIR) of the Chinese Academy of Sciences has successfully achieved a peak transmission speed of 120 Gbps in a commercial experiment. This milestone involved a satellite-to-ground laser communications application with data rates surpassing 100 Gbps. The results demonstrated a stable communication link and perfect data downlink quality. This landmark follows…
The Pakistan Telecommunication Authority (PTA) has warned citizens against using illegal foreign SIMs. The use of foreign SIM cards is not only unlawful but can also expose you to serious risks. Calls and messages made through such SIMs may compromise your personal and financial data and could lead to legal complications, the PTA said in…
Karachi: Silver prices in Pakistan experienced a modest pullback today, with the chandi ka rate settling at Rs. 11,730 per tola—down roughly 2% from yesterday’s levels in line with international corrections. Despite the dip, silver remains significantly higher than earlier in the month, supported by strong underlying demand and its close tie to gold’s performance. Current…
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has expressed concern over the government’s move to aggressively recover super tax following the recent decision of the Federal Constitutional Court (FCC) upholding its legality. The chamber cautioned that demanding large tax payments in a single tranche would disrupt business operations and further strain the country’s…
ISLAMABAD: Amid the government’s narrative of returning to macroeconomic stability, the country’s textile exporters upped the ante against uncompetitive energy costs, high tax rates and challenging financial costs and demanded broad-based fiscal space to compete globally. A large delegation of the All Pakistan Textile Mills Association (Aptma) on Wednesday had an urgent meeting with a…
ISLAMABAD: Amid the alleged waste of public funds on managing imported wheat stocks since 2021-22, the Economic Coordination Committee (ECC) of the Cabinet on Wednesday decided to offload 800,000 tonnes of wheat — less than half of the total stock — and approved more than Rs66 billion in supplementary grants. The meeting of the ECC,…
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday challenged the Power Division’s circular debt report, calling it technical adjustments, accounting reclassifications, and changing goal posts without a material improvement in power sector efficiency. The apex trade body also alleged the parking of financial liabilities outside balance sheets, particularly in the…
ISLAMABAD: Pakistan and Sri Lanka on Wednesday established a Joint Working Group on IT and Digital Economy to collaborate in emerging technologies and digital transformation. During the 13th Session of the Joint Economic Commission (JEC) held in Colombo, both countries reaffirmed their commitment to strengthening bilateral economic relations further and expanding cooperation across multiple sectors….
E-Mining platform to boost transparency, efficiency in mineral sector. Pakistan invites China to invest in copper, gold, rare earth minerals. Mineral development to include benefit for KP, Balochistan: minister. ISLAMABAD: Federal Minister for Planning Ahsan Iqbal has said that the partnership between Pakistan and China has entered a new era, which is not limited to infrastructure alone…
Spot gold extended its blistering rally on Thursday to hit a record high just shy of $5,600 an ounce, as investors sought safety amid geopolitical and economic uncertainties, while silver came within a whisker of breaching the $120 mark. Spot gold shot up 2.7% to $5,542.29 an ounce by 0149 GMT, after hitting a record…