Author: i2wtc

ISLAMABAD: Three important judicial forums — the Judicial Commission of Pakistan (JCP), the Supreme Judicial Council (SJC) and the Practice and Procedure Act (PAPA) committee of the Supreme Court — have been reconstituted in view of the 27th Constitutional Amendment. According to a notification issued by the Supreme Court on Tuesday, two judges of the newly formed Federal Constitutional Court (FCC) — Justice Aamer Farooq and Justice Hasan Azhar Rizvi — have been nominated as members of the JCP and the SJC. The JCP is the constitutional body that elevates judges to the superior courts The SJC is the forum…

Larry Summers, president emeritus and professor at Harvard University, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. Stefan Wermuth | Bloomberg | Getty ImagesFormer Treasury Secretary Larry Summers said Wednesday that he will resign from the board at OpenAI after the release of emails between him and the notorious sex offender Jeffrey Epstein.Summers had announced Monday that he would be stepping back from all public commitments, but it was not immediately clear whether that included his position at the artificial intelligence startup.”I am grateful for the opportunity to have served, excited about the potential of the company, and look forward to following their…

In an aerial view, a customer enters a Lowe’s store on May 21, 2025 in Cotati, California. Justin Sullivan | Getty ImagesLowe’s on Wednesday posted a year over year sales increase for the quarter, but the company lowered its full-year profit outlook slightly to reflect a tougher economic backdrop.The home improvement retailer now expects full-year total sales to be $86 billion, up from its previous expectations of $84.5 to $85.5 billion, because of a recent acquisition. However, it said it expects comparable sales, an industry metric that takes out one-time factors, to be flat compared to a year ago compared…

Nvidia earnings, the most important report of the quarter, will be out after Wednesday’s close, and AI rockstar CEO Jensen Huang will be on the hot seat to answer tough questions about the spiraling artificial intelligence spending promises and how these tech companies — big and not so big — are going to pay for them all. Club stock Nvidia has gained about 35% year to date, as of Tuesday’s close, trading around $181 each. That’s nearly double their lowest close of 2025 on April 4, just days after President Donald Trump first announced his so-called reciprocal tariffs. There have…

Justice Shah, Athar Minallah had later tendered their resignations in protest against the constitutional tweakPolice officers walk past the Supreme Court of Pakistan building, in Islamabad, Pakistan April 6, 2022. REUTERS ISLAMABAD: Some Supreme Court judges have made really interesting comments with regard to the status of the court after the 27th Constitutional Amendment which carved a separate court — the Federal Constitutional Court (FCC) — out of the apex court to decide constitutional matters, leaving cases of lesser importance to the SC. Last week during the hearing of a promotion case, Justice Syed Mansoor Ali Shah had quipped that…

* Japanese scholar Yuki Izumikawa criticized Japanese Prime Minister Sanae Takaichi’s recent comments linking the Taiwan issue to Japan’s security legislation, calling them “extremely harmful” and a threat to Japan-China relations.* Izumikawa warned that Japan’s potential military involvement in a Taiwan conflict would escalate tensions, particularly for regions like Okinawa, which could become a battleground due to increasing joint military activities with the United States.TOKYO, Nov. 19 (Xinhua) — Japanese Prime Minister Sanae Takaichi’s recent erroneous remarks on China’s Taiwan are “extremely harmful,” offering no security gains for Japan or its people while posing significant risks to Japan-China relations, Japanese…

Azma Bukhari discloses that assets worth Rs23.40 billion had been frozen, along with 92 bank accounts LAHORE: The noose further tightened around the TLP after police booked 90 of its alleged financiers, raising legal questions about how — and under what law — the police applied the proscription law retrospectively. Moreover, TLP workers, along with scores of ordinary citizens, have faced detentions and arrests since Monday to prevent any gathering on the death anniversary of the late Khadim Husain Rizvi. Addressing a news conference on Tuesday, Information Minister Azma Bukhari disclosed that assets worth Rs23.40 billion had been frozen, along with 92…

This photograph shows a general view of Nexperia headquarters in Nijmegen on November 6, 2025.John Thys | Afp | Getty Images The Dutch government on Wednesday said it suspended its intervention at Chinese-owned chipmaker Nexperia, following constructive talks with Chinese authorities.”We see this as a show of goodwill,” Dutch Economy Minister Vincent Karremans said in a statement, posted on social media platform X. In a separate letter to parliament, Karremans said it had become clear Beijing now appeared to be permitting companies from European and other countries to export Nexperia chips, adding that “this is an important step.”The development appears…

Global investor sentiment for artificial intelligence remains buoyant, despite on the ongoing equities sell-off.  European and Asia markets have seen days of consecutive losses, tracking their U.S. counterparts lower as pressures mount on AI-related stocks and their valuations. The pan-European Stoxx 600 on Tuesday notched its lowest level in a month, with major bourses opening lower on Wednesday, while Asia-Pacific markets fell.  Stateside, stock futures were little changed overnight after major U.S. indexes extended their losses. AI-related stocks such as Nvidia, Palantir, and Microsoft are among those feeling the pressure.”We do think this is an AI specific pullback. We don’t think this is the beginning of the bear market,” Emma Wall, head of investment analysis at Hargreaves Lansdown, told…

Security Council votes 13-0 on Trump proposals; Pakistan, Russia, China raise concerns over statehood Security Council members raise their hands to vote in favour of a resolution on Gaza at the UN. Photo: AFP UNITED NATIONS: The UN Security Council’s endorsement of US President Donald Trump’s Gaza peace plan has generated sharp reactions across capitals, with Israel embracing the initiative while Hamas and several states warned it falls short of elaborating a pathway to a viable Palestinian state. The UNSC approved the US-drafted text by a 13-0 vote, with China and Russia abstaining, authorising a transitional ‘Board of Peace’ to…