Author: i2wtc
ISLAMABAD: Pakistan and the International Finance Corporation (IFC) have agreed to take measures aimed at the early financial close of the Reko Diq project, the Ministry of Finance announced on Sunday. According to a statement, Minister for Finance Muhammad Aurangzeb met with Riccardo Puliti, IFC’s regional vice president for the Middle East, Central Asia, Türkiye, Afghanistan, and Pakistan, in Washington, DC. Both sides expressed their commitment to accelerate the completion of the financial arrangements for the Reko Diq project, which is considered one of IFC’s key engagements in Pakistan. The Finance Ministry said Minister Aurangzeb, accompanied by his team, arrived…
PESHAWAR: The Pakistan Tehreek-e-Insaf (PTI) managed to navigate a series of constitutional and legal hurdles to hold the election for the new Chief Minister of Khyber-Pakhtunkhwa (K-P), resulting in the victory of its candidate, Muhammad Sohail Afridi, on Monday. Afridi secured 90 votes in a one-sided contest marked by high drama, loud sloganeering, and a complete boycott by opposition parties, who had objected to the election process. As a result, the three opposition candidates failed to receive any votes. Voting was conducted because, despite their boycott, the opposition parties did not formally withdraw their nominees – Maulana Lutfur Rehman of…
Prakash Singh | AFP | Getty ImagesGoogle will invest $10 billion into building new data centers in southern India, according to local officials, marking one of its largest investments in the South Asian nation as tech giants scramble to meet the exploding demand for AI. Minister for Human Resources Development of the Indian state of Andhra Pradesh, Nara Lokesh, announced Monday that Google and his government will sign a memorandum for a 1 gigawatt project in the state with an investment of $10 billion. The deal — to be signed Tuesday — comes after “a year of intense discussions and relentless effort,”…
JPMorgan Chase & Co CEO Jamie Dimon arrives for a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC.Drew Angerer | Getty ImagesJPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Tuesday.Here’s what Wall Street expects:Earnings per share: $4.84, according to LSEGRevenue: $45.4 billion, according to LSEGNet interest income: $24.16 billion, according to StreetAccountTrading Revenue: Fixed income of $5.3 billion, Equities of $2.97 billion, according to StreetAccountJPMorgan will give investors a view into how U.S. consumers and corporations fared in the third quarter.If, as analysts expect, the major trends…
LAHORE: At least five peopleincluding a police officer, three Tehreek-e-Labbaik Pakistan (TLP) workers, and a passerbywere killed as law enforcement agencies carried out a major pre-dawn operation in Muridke on Monday to disperse what officials described as “armed and violent mobs.” According to official sources, the crackdown came amid a multi-day protest march by the TLP supporters moving from Lahore toward Islamabad in what the group called a pro-Palestine demonstration. In a statement, the Punjab Police spokesperson said the operation began after TLP workers “attacked security personnel with stones, spiked sticks, and petrol bombs”. The protesters, he claimed, opened “indiscriminate…
David Solomon, CEO Goldman Sachs, speaking on CNBC’s Squawk Box on April 22nd, 2025. CNBCGoldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday.Here’s what Wall Street expects:Earnings per share: $11, according to LSEGRevenue: $14.1 billion, according to LSEGTrading revenue: Fixed Income of $3.19 billion, Equities of $3.9 billion, per StreetAccountInvesting banking fees: $2.15 billion, per StreetAccountGoldman Sachs is set up to be a beneficiary of several trends in the third quarter.Trading desks across Wall Street have benefitted as President Donald Trump’s tariff policies have roiled markets for bonds, currencies, commodities and stocks.Investment banking activity including mergers…
Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024.Halil Sagirkaya | Anadolu | Getty ImagesAs Salesforce welcomes tens of thousands of people to San Francisco for its annual Dreamforce conference, CEO Marc Benioff has found himself in the center of local controversy on a national issue.In an interview with The New York Times published on Friday, Benioff appeared eager for President Donald Trump to send federal troops to his company’s hometown, inserting himself into a national debate about whether the president should call the National Guard into various Democrat-led cities…
Pakistan Tehreek-e-Insaf’s Sohail Afridi was elected as the new chief minister of Khyber-Pakhtunkhwa, securing 90 votes in the provincial assembly during Monday’s session held under tight security in Peshawar. Following a tense political environment, Afridi’s election was marked by uncertainty over former chief minister Ali Amin Gandapur’s resignation and opposition objections regarding the election process. The K-P Assembly comprises 145 members, with 73 votes required for a simple majority. PTI’s Afridi comfortably surpassed that mark, consolidating the party’s control over the province. PTI lawmaker Asif Mehsud could not participate in the voting process as he is currently abroad. The announcement…
Broadcom CEO Hock Tan told CNBC’s Jim Cramer on Monday that artificial intelligence could become a larger part of global GDP as the technology spreads across industries.Tan said the current global GDP sits around $110 trillion, with 30% of that figure “valued from industries related to knowledge-based, technology-intensive.””And you put in generative AI, you create intelligence in a lot of other aspects of society,” Tan continued. “That 30% say will grow to 40% of all GDP. That’s $10 trillion a year.”If AI grows and becomes responsible for a larger piece of global GDP as Tan predicts, it would be a…
The Chinese Navy hospital ship, Silk Road Ark, arrives at Nuku’alofa Port in Tonga, Oct. 13, 2025. (Photo by Cui Xiaoyang/Xinhua)SUVA, Oct. 14 (Xinhua) — The Chinese naval hospital ship, Silk Road Ark, arrived at Nuku’alofa Port, Tonga, on Monday, starting a seven-day visit featuring medical services and cultural activities during its Mission Harmony 2025.This is the fourth visit to Tonga by a Chinese naval hospital ship on Mission Harmony.Tonga’s acting Prime Minister Taniela Fusimalohi, along with military and political dignitaries, the Chinese ambassador to Tonga, local residents, representatives of overseas Chinese and Chinese enterprises, came to the pier to…