Author: i2wtc

KARACHI: The Pakistan Stock Exchange (PSX) soared to a new all-time high on Monday, propelled by Fitch’s positive outlook on Pakistan banks and Moody’s upgrade of the country’s rating to Caa1. Strong earnings, rupee stability and optimism about Pakistan-US trade and investment deals strengthened investor sentiment, driving the KSE-100 index up by 1,705 points to above 148,000, stated analysts.  Ahsan Mehanti of Arif Habib Corp commented that stocks closed at a new all-time high as Fitch Ratings provided investors with a brighter outlook on Pakistan banks amid Moody’s rating upgrade to Caa1. A strong earnings outlook, rupee stability, speculation about…

As more tariffs take effect on goods imported into the U.S., a specific accounting method could have major implications for how American retailers calculate the impact.A tariff adds to the cost of an imported item when it’s received and paid for when it crosses a border. While there’s debate over who pays that tariff — the manufacturer, the retailer, the consumer or some combination — the hit will likely show up in retailers’ bottom lines.But a specific accounting practice, called retail inventory method accounting, or RIM, can make profitability appear stronger than it is in the short term.”Retail inventory method accounting…

Hamas has accepted a new ceasefire proposal for Gaza, a senior member from the group said Monday, after a fresh diplomatic push to end more than 22 months of war. Mediators Egypt and Qatar, backed by the United States, have struggled to secure a lasting truce in the conflict, which has triggered a dire humanitarian crisis in the Gaza Strip. But after receiving a new proposal from meditators, Hamas said it was ready for talks. “The movement has submitted its response, agreeing to the mediators’ new proposal. We pray to God to extinguish the fire of this war on our…

The first “World Humanoid Robot Games” is in the books.The three-day competition hosted in Beijing wrapped on Sunday, attracting 280 teams from 16 countries, including the U.S. Teams used robots manufactured by Chinese companies such as Unitree and Booster.During the games, humanoid athletes competed in dance battles, martial arts, track and field events such as the 400-meter and 1500-meter races and long jump, and a soccer tournament.”Robots have stronger joints and core strength,” said Guo Tong, who programmed one of the futuristic footballers for his team, Hephaestus.Guo said he sees robots replacing his idol, soccer star Cristiano Ronaldo, by 2050.”Robots…

Egyptian Foreign Minister Badr Abdelatty and Palestinian Prime Minister Mohammad Mustafa attend a press conference during their visit to the Rafah border crossing between Egypt and the Gaza Strip, in Rafah, Egypt, August 18, 2025. Sherrif Fahmy | ReutersHamas has agreed to a 60-day ceasefire proposal with Israel that includes the return of half the hostages held in Gaza and Israel’s release of some Palestinian prisoners, an Egyptian official source said on Monday.Senior Hamas official Basem Naim confirmed the group’s approval on Facebook. Hamas said other Palestinian factions informed mediators of their approval also.There was no Israeli response to the Hamas proposal itself but an Israeli official confirmed it was received. Egypt…

Security forces have foiled a major terrorist attack that was planned for August 14 allegedly by the proscribed Balochistan Liberation Army (BLA), implicating a university professor as facilitator. “This was not just an attack—it was part of a larger plan to break Pakistan and destabilize Balochistan. Our agencies acted swiftly and crushed their conspiracy,” said Balochistan Chief Minister Sarfaraz Bugti, addressing a press conderence in Quetta on Monday. BLA’s Majeed Brigade employs multiple tactics, said Bugti, adding that the group has claimed responsibility for previous terrorist attacks as well. The arrested suspect, identified as Professor Usman Qazi, holds a PhD…

LAHORE: Popular YouTuber Saadur Rehman, better known as Ducky Bhai, landed in serious trouble after he was detained by the National Cyber Crime Investigation Agency (NCCIA) at Lahore Airport on Sunday. According to Express News, Ducky Bhai was attempting to leave the country despite his name being placed on the Provisional National Identification List (PNIL). It said his detention was carried out when immigration authorities flagged his name during departure checks. The NCCIA had already been investigating the influencer on multiple charges, including the promotion of online gambling apps. His arrest followed allegations that he was trying to evade these…

* International World Games Association President Jose Perurena spoke highly of the event in an interview with Xinhua, stating, “It’s not possible to compare this game to the other game because we modify our system to create a higher standard quality. It’s only possible in Chengdu.”* As night falls, “hotpot buses,” Jinjiang River light shows, and Sichuan Opera’s face-changing performances dazzle visitors. “I thought it was all about spice, but like Chengdu itself, it has layers of flavor,” Polish canoeist Mateusz Kaminski said after trying hotpot for the first time.* A broader economic transformation is underway as Sichuan Province is…

Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesTeraWulf stock rallied more than 10% after Google hiked its stake in the bitcoin miner and datacenter operator as it funds an expansion of its Lake Mariner, New York, facility.As part of the deal, Google will offer up to $1.4 billion in additional backstop, bringing its total to about $3.2 billion. It hikes Google’s stake in TeraWulf to 14% from 8% and enables the company to buy about 32.5 million shares of the company’s stock.CEO Paul Prager said in a release that the agreement solidifies the company’s “strategic alignment with Google”…

Federal Finance Minister Muhammad Aurangzeb has stated that the State Bank of Pakistan is working on the exchange rate and interest rate, and the situation is expected to improve further. The federal finance minister inaugurated the Job and Education Expo at the Expo Centre, Karachi, organised by the Pakistan Hindu Council. At the expo, around 120 stalls were set up by various institutions and companies for students. Speaking to the media, Aurangzeb expressed gratitude to the organisers, saying that he had the opportunity to meet the country’s future leadership here. He noted that both public and private institutions were present…