Author: i2wtc
ISLAMABAD: The central bank said on Wednesday that restrictions under the Foreign Exchange Regulation Act (FERA), including the maximum annual limit of $100,000, will apply to foreign transfers of digital currencies. The statement underscores challenges in introducing a new digital currency regime in Pakistan. The State Bank of Pakistan (SBP) also said it is working on launching a new digital currency. It would be used for trading in digital assets. But this can happen only after the Pakistan Virtual Assets Regulatory Authority (PVARA) Bill is passed, the State Bank of Pakistan Act is amended, and a regulatory framework is put…
Figma shares plummeted nearly 20% on Thursday, falling to the lowest price since the design software vendor’s initial public offering in July after the company reported earnings for the first time as a public company.Results for the second quarter were largely in line with expectations, as Figma had issued preliminary results a little over a month ago. Revenue increased 41% from a year earlier to $249.6 million, slightly topping analysts’ estimates of $248.8 million, according to LSEG.Analysts at Piper Sandler described the report as “largely a non-event,” but noted that the “shares have witnessed hyper-volatility” following their 250% surge in…
At least three policemen, including a Station House Officer (SHO), were killed when unidentified gunmen opened fire on a police patrol vehicle in the Banda Daud Shah area of Karak district, Khyber Pakhtunkhwa (K-P), on Thursday. According to police, SHO Umar Nawaz was on routine patrol with two constables when their mobile came under a sudden ambush. The attackers sprayed the vehicle with bullets, leaving all three officers dead on the spot. A spokesperson for Karak police confirmed the incident and said the attackers fled the scene immediately after the assault. Security forces later cordoned off the area and carried…
Salesforce CEO Marc Benioff attends the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025.Halil Sagirkaya | Anadolu | Getty ImagesA bad year just got worse for Salesforce.Following a disappointing revenue forecast in its quarterly earnings report late Wednesday, Salesforce’s stock slumped 8%, bringing its decline for 2025 to 28%. That’s the worst performance in large-cap tech.Revenue increased 10% in the fiscal second quarter from a year earlier, cracking double-digit growth for the first time since early 2024. Sales of $10.24 billion topped the average analyst estimate of $10.14 billion, and earnings per share…
With the dome of the U.S. Capitol in the background, members of the DC National Guard keep watch outside Union Station after U.S. President Donald Trump deployed the National Guard and ordered an increased federal law enforcement presence to assist in crime prevention, in Washington, D.C., August 19, 2025. Kevin Lamarque | ReutersWashington, D.C., on Thursday sued the Trump administration over its deployment of hundreds of National Guard troops to the capital city’s streets, arguing that the move violates the Constitution and federal law.President Donald Trump “has run roughshod over a fundamental tenet of American democracy—that the military should not…
DraftKings CEO Jason Robins has never been more enthusiastic about the kickoff to the NFL — sports betting’s biggest season.It’s second only to the Super Bowl in terms of importance for acquiring customers and growing the overall betting pool, Robins told CNBC at the Bank of America Gaming and Lodging Conference.”The numbers just keep going up right into kickoff, and it’ll continue through Sunday,” Robins said. “We’re seeing big numbers, record numbers, and we’re really excited about what we’re going to see through the start of the season.”The American Gaming Association estimates legal betting in the U.S. will grow by…
Chinese President Xi Jinping meets with Serbian President Aleksandar Vucic at the Great Hall of the People in Beijing, capital of China, Sept. 4, 2025. Vucic is in China for the commemorations marking the 80th anniversary of the victory in the Chinese People’s War of Resistance against Japanese Aggression and the World Anti-Fascist War. (Xinhua/Ding Lin)BEIJING, Sept. 4 (Xinhua) — Chinese President Xi Jinping met with Serbian President Aleksandar Vucic in Beijing on Thursday.Vucic is in China for the commemorations marking the 80th anniversary of the victory in the Chinese People’s War of Resistance against Japanese Aggression and the World…
PESHAWAR: Khyber-Pakhtunkhwa (K-P) Chief Minister Ali Amin Gandapur has lashed out at detractors within the Pakistan Tehreek-e-Insaf (PTI), accusing them of spreading “shameless” criticism over the distribution of Senate election tickets and warning that the party is slipping into chaos. Speaking at a meeting in Peshawar, Gandapur said he had no role in awarding Senate tickets but was unfairly targeted. “A drama was staged during the Senate elections, and I was criticised, whereas we only follow [PTI founder Imran] Khan’s instructions because this party belongs to him,” he remarked. He alleged that certain individuals were deliberately blocking his meetings with…
Broadcom CEO Hock Tan.Lucas Jackson | ReutersBroadcom is scheduled to report earnings for its fiscal third quarter after the close of regular trading on Thursday.Here’s what analysts are expecting, according to a consensus from LSEG.Earnings per share: $1.65Revenue: $15.83 billionBroadcom, which develops custom chips for Google and other huge cloud companies and also makes networking gear needed to tie thousands of artificial intelligence chips together, is expected to report revenue growth of 21% from $13.07 billion a year ago.Analysts project revenue growth will hold steady the rest of this year and accelerate a bit in 2026.Broadcom has been one of the chief…
A sign hangs in a GAP Outlet store window on May 29, 2025 in Chicago, Illinois. Scott Olson | Getty ImagesGap on Thursday announced it’s expanding into beauty starting with its Old Navy brand, a strategic shift by the apparel company.Its initial test will feature beauty and personal care products at 150 Old Navy stores, including dedicated beauty associates and some shop-in-shops. The company plans to scale the beauty business next year.It was unclear when the company eventually plans to put beauty products in Gap brand stores. The company said it plans to “launch brand-right expressions across the portfolio” next…