Author: i2wtc
ISLAMABAD: Pakistan has informed the International Monetary Fund (IMF) that the power sector will bleed another Rs535 billion in losses during the current fiscal year – 35% higher than last year – due to inefficiencies and under-recovery of electricity bills, as it continues to resist an ambitious circular debt reduction target. Bringing the flow of circular debt to zero may again remain a dream under the 25th IMF bailout programme, a target Pakistan had first committed to achieving over 12 years ago under the 22nd programme. The Power Division informed the IMF that Rs505 billion may be added to the…
Nvidia CEO Jensen Huang said Wednesday that he’s surprised Advanced Micro Devices offered 10% of itself to OpenAI as part of a multibillion-dollar partnership announced earlier this week.”It’s imaginative, it’s unique and surprising, considering they were so excited about their next generation product,” Huang said in an interview with “CNBC’s Squawk Box.” “I’m surprised that they would give away 10% of the company before they even built it. And so anyhow, it’s clever, I guess.”OpenAI and AMD reached a deal on Monday, with OpenAI committing to purchase 6 gigawatts worth of AMD chips over multiple years, including its forthcoming MI450…
* According to Guo Dongjie, vice president of Ctrip.com, a leading Chinese online travel service provider, more than 30 percent of outbound tourism bookings during this holiday were for European countries, making Europe the top choice among all overseas regions.* Chinese tourists are increasingly seeking authentic, local, and cultural experiences in Europe rather than “tick-the-box” sightseeing, while demonstrating strong spending power in related activities and products.* Tourism is a two-way dialogue between different cultures; the influx of Chinese tourists, especially younger groups, not only allows them to familiarize themselves with European traditions and cultures, but also enables them to share…
ISLAMABAD: The chief military spokesperson has said Chinese weapon systems deployed during Pakistan’s four-day military conflict with India in May performed “exceptionally well”. “Of course, lately, recent Chinese platforms, they [Chinese weapon systems] have demonstrated exceptionally well,” the Inter-Services Public Relations (ISPR) director general, Lieutenant General Ahmed Sharif Chaudhry, said in an interview with Bloomberg. About two weeks after a militant attack in the Pahalgam area of occupied Kashmir, India launched a series of missile and drone attacks inside Pakistan, beginning from May 7. However, hours after Pakistan’s retaliatory strikes on various targets in mainland India on May 10, New…
The market is awash with talk of artificial intelligence (AI) – corporates are rushing to outline their strategies, cash is flowing to AI-related stocks, and the race is on to develop sovereign AI supply chains. Investors have flocked to technology firms taking advantage of and enabling AI’s development, sending their share prices soaring. U.S. stocks have hit repeated record highs over recent weeks, with the tech-heavy Nasdaq Composite up over 27% over the last 12 months. With all this comes fears of a bubble, often equated to the dot-com boom and bust . Big-name investors and banks appear split on whether…
HYDERABAD: On Tuesday, Jaffar Express — a train that travels from Quetta to Peshawar through a route that passes through all four provinces — was once again targeted in Shikarpur district of Sindh, while it was carrying passengers from Rawalpindi to Quetta. An outlawed terrorist group, the Baloch Republican Guards (BRG), claimed responsibility for the attack. Shikarpur Deputy Commissioner Shakeel Abro told the media that the explosion took place at around 8:15am, over a kilometre away from Sultankot railway station. The DC said an improvised explosive device (IED) was used for the blast. “Four bogies were derailed and seven passengers…
The sunset is reflected in the windows of the US Capitol as a man runs on the National Mall in Washington, DC, on October 1, 2025, the first day of the US federal government shutdown.Andrew Caballero-reynolds | Afp | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.When the government shuts down, real estate watchers tend…
Palestinians fetch humanitarian aid that entered Gaza through a border crossing, in Beit Lahia, northern Gaza Strip, on July 27, 2025. (Photo by Rizek Abdeljawad/Xinhua)The Gaza conflict is more than a regional conflict — it is a wound on humanity itself, testing the limits of international governance and conscience.CAIRO, Oct. 8 (Xinhua) — The Israeli-Palestinian conflict reached its grim two-year mark on Tuesday. With the people of Gaza still caught in a cycle of destruction and despair, the Middle East now stands at a crossroads.The two years of conflict have left the Gaza Strip devastated and its people in dire…
ISLAMABAD: The Public Accounts Committee (PAC) Sub-Committee on Tuesday was informed of financial discrepancies within the Federal Public Service Commission (FPSC), as it emerged that federal receipts amounting to Rs18.965 million remain unreconciled. The sub-committee, chaired by MNA Tariq Fazal Chaudhry, directed that a Departmental Accounts Committee (DAC) meeting be held again to resolve the issue. According to audit officials, the irregularities were first flagged in the 2005-06 audit report, which pointed to inconsistencies in exam fee collections during 2004-05. The audit authorities stated that while the FPSC had collected examination fees from candidates, the receipts had not been reconciled…
Amazon is launching prescription drug kiosks at some One Medical offices in Los Angeles, the company announced Wednesday, in a move that could disrupt brick-and-mortar pharmacy businesses.The kiosks are operated by Amazon Pharmacy and work similar to a vending machine, disbursing prescriptions for patients “within minutes” of their doctor visit, the company said.Each machine can stock hundreds of prescriptions, such as antibiotics, inhalers and blood pressure treatments, with inventory that’s tailored to specific locations.”We know that when patients have to make an extra trip to the pharmacy after seeing their doctor, many prescriptions never get filled,” said Hannah McClellan, Amazon…