Author: i2wtc

RAWALPINDI: Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan on Monday called on the public to attend the mass rally, scheduled for September 27 in Peshawar, describing it as a demonstration for the nation’s freedom. “The media’s voice has been strangled. This rally is for the nation’s freedom. The party has been instructed to make it a success,” said Aleema Khan on Monday while speaking to the media outside Adiala Jail, conveying her brother’s message. “He has said the agreement between Pakistan and Saudi Arabia is very important, and that Pakistan must keep its global links strong. He also said that protecting…

Nurphoto | Nurphoto | Getty ImagesMajor global semiconductor stocks rose on Tuesday after Nvidia announced plans to invest $100 billion in OpenAI.The deal between Nvidia and OpenAI is on a large scale. OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power, which is equivalent to 4 million and 5 million graphics processing units (GPUs), according to Nvidia CEO Jensen Huang.The news sparked a rally on Wall Street, with positive sentiment flowing through to the global chip sector and especially touching companies with ties to Nvidia.In Taiwan, shares of Taiwan Semiconductor Manufacturing Co., which manufactures chips for…

DUBAI: Reeling from early setbacks in the Super Four stage, both Sri Lanka and Pakistan will be desperate to register their first win in this critical stage of the Asia Cup when they lock horns in Abu Dhabi on Tuesday. Defending champions Sri Lanka, who breezed through the group stage unbeaten, were jolted by a four-wicket loss to Bangladesh in their Super Four opener. The defeat not only disrupted their rhythm but also snapped an impressive eight-match winning streak in the Asia Cup. On the other hand, off-field issues have dominated headlines around the Pakistan team, overshadowing their middling performances…

Staff members assemble an aeroengine at the Wuhu Diamond Aeroengine Co., Ltd. in Wanzhi Town of Wuhu City, east China’s Anhui Province, Aug. 21, 2025.Nestled along the Yangtze River, Wanzhi used to be a quiet agricultural town, but now it’s buzzing with over 200 aviation-related companies.In Wanzhi Town, a domestically developed general aviation aircraft can be produced from blueprint to finished product — all within this small town, and with fully independent intellectual property rights.Within its 3.49-square-kilometer area, the aviation town in Wanzhi boasts a fully integrated industrial chain that spans from aviation component manufacturing to the R&D, production, maintenance…

ISLAMABAD: The Supreme Court on Monday questioned the government’s rationale behind the windfall profit tax, probing whether ordinary price hikes could be treated as extraordinary profits. A five-member constitutional bench, headed by Justice Aminuddin Khan, heard arguments from petitioners’ counsel Ahmed Jamal Sukhera. Justice Hassan Azhar Rizvi asked: “If petrol rises from Rs150 to Rs200, would that be windfall profit? If sugar goes from Rs160 to Rs170, would that still count?” Sukhera argued that the tax unfairly targeted a few sectors. “If three or four people benefit while the majority incur losses, how can tax be imposed?” he said, noting…

Pakistan and India players in action during their SAFF U-17 Championship match on Monday.—Courtesy SAFF COLOMBO: Pakistan twice came from behind in an enthralling SAFF Under-17 Championship clash against India, only for their arch-rivals to go ahead for a third time and eventually clinch a 3-2 victory at the Colombo Racecourse Stadium on Monday that secured top spot in the group. Goals in each half by Pakistan’s Mohammad Abdullah, from the penalty spot, and Hamza Yasir had levelled the Group ‘B’ clash at 2-2 by the 70th minute but India’s substitute Rahan Ahmed found the winner in the 73rd to…

Sam Altman, CEO of OpenAI (L), and Jensen Huang CEO of Nvidia.ReutersABILENE, Texas – Sam Altman had a deadline. OpenAI’s CEO was headed to Texas to unveil his company’s next big infrastructure push, and Nvidia CEO Jensen Huang wanted in on the action. Through a series of hurried negotiations, late-night calls and last-minute contract tweaks, the two giants of artificial intelligence struck a $100 billion partnership on Monday, hours before Altman boarded his flight to Abilene, a city of about 130,000 residents roughly 180 miles west of Dallas. It helped that Huang and Altman had been part of President Donald…

Massive floods in Pakistan have struck both the rural heartland and industrial centres for the first time in decades, causing billions of dollars in damage while straining food supplies, exports and a fragile economic recovery. The government had been optimistic about 2026, pencilling in 4.2% growth on the back of a rebound in farming and manufacturing after the economy was stabilised under a $7 billion International Monetary Fund bailout. Instead, record monsoon rains since late June, amplified by dam releases from India, have submerged large swathes of Punjab and Sindh, the two most populous and economically vital provinces. While waters…

JOHANNESBURG: South Africa will be without injured captain Temba Bavuma for their Tests in Pakistan next month, but Quinton de Kock will come out of One-day International retirement to play in both white-ball series on the all-formats tour. South Africa begin the defence of their World Test Championship title with a two-match series in Pakistan, starting in Lahore on October 12, but must do so without influential batter Bavuma, who has a calf strain. “Naturally, we are disappointed not to have Temba available,” South Africa coach Shukri Conrad said. “He has been such an important leader and batter for us…

ISLAMABAD: The tax authorities have admitted that the entire current gap of Rs3.6 trillion in sales tax collection cannot be eliminated due to the fragmentation and informality of the retail sector, in an assessment that underscores the challenge of pooling due taxes from all economic sectors. The assessment has recently been shared with the Prime Minister’s Office, indicating that in the retail sector alone, the tax gap was nearly one-tenth, or Rs310 billion. However, the Federal Board of Revenue (FBR) also claimed it collected Rs874 billion in the last fiscal year through enforcement measures. The Express Tribune had sent questions…