Beyond Today, Into Tomorrow
FAISALABAD:Faisalabad Chamber of Commerce & Industry (FCCI) President Farooq Yousaf Sheikh has welcomed Pakistan International Airlines’ (PIA) decision to launch a third weekly flight on Faisalabad-Karachi route from February 08 and urged the exporters to fully benefit from this improved air connectivity. In a statement here on Friday, he said that previously only two flights…
Shares of the technology company Oracle have dropped by over 50% from the record high set last year. This sharp decline comes as investors sell the stock, driven by concerns about the artificial intelligence (AI) market and Oracle’s relationship with OpenAI, according to a report by Bloomberg News on Thursday. The downturn obliterated around $463…
ISLAMABAD: Federal Minister for the Board of Investment (BOI), Qaiser Ahmed Sheikh, held a meeting with a delegation from Silkway Impex (Pvt.) Ltd. and a high-level Chinese Belt and Road Initiative (BRI) delegation to discuss enhanced bilateral investment cooperation between Pakistan and China. The Chinese delegation was led by Deng Yubin, Head of BRI for…
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…
