PSX crosses 87,000-point barrier in new all-time high – Business
Shares at the Pakistan Stock Exchange (PSX) reached a new all-time high on Wednesday by the benchmark KSE-100 index crossing the 87,000-point barrier. The index closed at 87,194.53 points, up by 727.96 points or 0.84pc, from the previous close of 86,466.57 points. The index reached an intraday high of 87,309.22 points. A total of 699,294,030 […]
McDonald’s shares slide as E. coli outbreak tied to Quarter Pounder kills 1 in US – Business
Shares of McDonald’s fell nearly 6 per cent in premarket trading on Wednesday after an E. coli outbreak linked to the restaurant chain’s Quarter Pounder hamburgers resulted in the death of one person and sickened 49 people in the US. The outbreak was reported in 10 states and at least 10 people have been sent […]
Pakistan, Saudi Arabia express resolve to facilitate investments in key sectors – World
Finance Minister Muhammad Aurangzeb and his Saudi counterpart Mohammed Al-Jadaan on Wednesday expressed their resolve to deepen economic ties between Islamabad and Riyadh by facilitating investment in key sectors. In a post on X, the finance ministry confirmed that Aurangzeb met the Saudi minister of finance on the sidelines of the International Monetary Fund (IMF) […]
26th Amendment ‘seriously’ undermines judicial independence: UN rights chief – Pakistan
The United Nations Human Rights chief Volker Turk has said he was “concerned” that the 26th constitutional amendment would “seriously undermine” the judiciary’s independence. The newly enacted 26th Constitutional Amendment has brought numerous changes pertaining to the judiciary — including taking away the Supreme Court’s suo motu powers and empowering parliamentarians to nominate the next […]
EU lags US and China in AI investments, chipmaker Nvidia says – World
The European Union lags far behind the United States and China in investing in artificial intelligence (AI), the chief executive of AI chipmaker Nvidia, said on Wednesday. While there are only a handful of artificial intelligence companies in Europe, such as France’s Mistral and Germany’s Aleph Alpha, the bloc passed the world’s first comprehensive rules […]
EU lags US and China in AI investments, AI chipmaker says – World
The European Union lags far behind the United States and China in investing in artificial intelligence (AI), the chief executive of AI chipmaker Nvidia, said on Wednesday. While there are only a handful of artificial intelligence companies in Europe, such as France’s Mistral and Germany’s Aleph Alpha, the bloc passed the world’s first comprehensive rules […]
Bushra Bibi granted bail in new Toshakhana case – Pakistan
The Islamabad High Court (IHC) on Wednesday granted bail to Bushra Bibi, the wife of PTI Chairman Imran Khan, in the new case related to an expensive Bulgari jewellery set obtained from the Toshakhana at a throwaway price. On October 4, the IHC notified the Federal Investigation Agency (FIA) of Bushra’s petition seeking post-arrest bail. […]
Thousands flee to shelters as Cyclone Dana threatens India – World
Thousands of people living along India’s eastern coast fled to inland storm shelters on Wednesday ahead of the expected arrival of a powerful cyclone later this week. Cyclone Dana is likely to hit the coasts of West Bengal and Odisha states —together home to around 150 million people — as a “severe cyclonic storm”, India’s […]
PM Shehbaz thanks PTI-backed MNAs for support on amendment – Pakistan
• Seeks report on surge in polio cases, calls for comprehensive strategy• Cabinet refers domestic violence bill to its committee on legislative cases ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday expressed his gratitude to five PTI-backed MNAs, acknowledging that their support was crucial in passing the 26th Constitutional Amendment. “I want to give special thanks […]
Modi to meet China’s Xi on sidelines of Brics summit in Russia: Indian foreign ministry – World
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping will hold their first bilateral meeting in five years on Wednesday, Indian officials said, days after their countries reached a deal on their contested border. The meeting will take place on the sidelines of the three-day Brics gathering hosted by President Vladimir Putin in the […]