PSX continues in the red, loses more than 3,000 points in early trade – Business

The Pakistan Stock Exchange’s (PSX) benchmark index continued in the red for a second day on Tuesday, losing more than 3,000 points during early trade. The KSE-100 index had lost 3,464.89 points, dropping to 176,462.15 points from the previous close of 179,927.04. The decline came as global oil prices rose nearly three per cent on […]

The curse of the oracle – Newspaper

THE Palestinian woman was breastfeeding her baby in a tattered shelter abutting the ruins of her devastated home. Right then, a direct sniper shot pierced the infant’s semi-formed skull, leaving a limp body without scratching the mother. The child evidently posed a threat to the ancient oracle’s prophecy for a country called Israel, which would […]

AI firms’ mass purchase, destruction of books for model training fuels copyright debate

AI companies reportedly buy, digitise used books for AI training before destroying originals If the Pakistani government treats AI merely as an economic booster rather than a deep structural risk, it will willingly subject its 240-million population to the mercy of automated proxies. photo:file Artificial intelligence (AI) companies are increasingly purchasing thousands of used books, […]

Dire straits

FOR some time, the escalating confrontation between the US and Iran has been playing out round the strategically vital Strait of Hormuz. Both states want to manage the international waterway, which has a key role in global trade, particularly in the transport of hydrocarbons. Tensions flared last week when the Iranians attacked ships using a […]

FCC clears hurdles to completion of Nai Gaj Dam – Business

• Sets aside SHC orders allowing contractor to claim price escalation beyond agreed terms• Orders completion of remaining work under original contract ISLAMABAD: The Federal Constitutional Court (FCC) on Monday set aside a series of Sindh High Court (SHC) orders in the long-delayed Nai Gaj Dam dispute and directed the contractor to complete the remaining […]

NA panel flags key hurdles to e-bike rollout in Pakistan – Business

ISLAMABAD: While the government is pushing to replace petrol-powered motorcycles with electric two-wheelers, a sub-committee of the National Assembly Standing Committee on Industries was informed on Monday that Pakistan lacks a dedicated regulatory authority for e-motorcycles, while the absence of a comprehensive lithium battery policy has encouraged the sale of substandard batteries. Soon after the […]

Battery storage made mandatory for power auctions – Business

ISLAMABAD: Facing serious duck-curve challenges, the government has decided to make Battery Energy Storage System (BESS) mandatory as part of the upcoming auction of 800MW of surplus power capacity at a wheeling charge to help stabilise electricity supply. After more than 30 years’ delay, the government has announced the auction process for a notional 800MW […]

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