Author: i2wtc

Listen to article ISLAMABAD: Planning Minister Ahsan Iqbal announced on Thursday that actual federal development spending surged to a record Rs1.05 trillion in the last fiscal year due to booking more external development loans and eleventh-hour releases by budget controllers. The development marked an anticlimax for the planning ministry’s efforts to fully utilise the revised allocation of Rs1.1 trillion and the finance ministry’s tactics to slow fund releases, including partially shutting down systems by the Accountant General of Pakistan Revenue (AGPR). For the first time in Pakistan’s history, the Public Sector Development Programme (PSDP) spending rose to Rs1.046 trillion in fiscal year…

Elon Musk meets with Indian Prime Minister Narendra Modi at Blair House in Washington DC, USA on February 13, 2025. Anadolu | Anadolu | Getty ImagesTesla will open a showroom in Mumbai, India next week, marking the U.S. electric carmakers first official foray into the country.The one and a half hour launch event for the Tesla “Experience Center” will take place on July 15 at the Maker Maxity Mall in Bandra Kurla Complex in Mumbai, according to an event invitation seen by CNBC.Along with the showroom display, which will feature the company’s cars, Tesla is also likely to officially launch…

General atmosphere during an IMAX private screening for the movie “First Man” at an AMC theater in New York City on Oct. 10, 2018.Lars Niki | Getty Images Entertainment | Getty ImagesMore than a year before “F1: The Movie” would eventually hit theaters, Apple struck a deal with IMAX.The studio secured the use of IMAX’s camera technology as well as a three-week release in its theaters, a partnership that helped the film generate nearly $300 million globally in its first 10 days in cinemas.More than 20% of that haul came from IMAX screenings. In the U.S. and Canada, the company’s…

Listen to article ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar said on Friday that the ceasefire between Pakistan and India remains intact but claimed India’s political leadership is struggling to accept the outcome of the recent conflict. “Pakistan-India military-to-military ceasefire is working fine, but India’s political leadership is unable to digest it,” Dar said while speaking at an event hosted by the Pakistan High Commission in Kuala Lumpur on sidelines of ASEAN forum. “India started the war and ended it by asking for a ceasefire,” Dar said. “At 8:15 in the morning, US secretary of state called and said India…

Jensen Huang, CEO of Nvidia, holds a motherboard as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025.Gonzalo Fuentes | ReutersNvidia CEO Jensen Huang unloaded roughly $36.4 million worth of stock in the leading artificial intelligence chipmaker, according to a U.S. Securities and Exchange Commission filing.The sale, which totals 225,000 shares, comes as part of Huang’s previously adopted plan in March to unload up to 6 million shares of Nvidia through the end of the year. He sold his first batch of stock from…

The Food and Drug Administration will consider drug affordability when granting companies new vouchers that speed up approvals of some treatments, the agency’s Commissioner Marty Makary told CNBC on Friday. The FDA in June announced a national priority voucher plan that aims to cut drug review times to one-to-two months for companies it says are supporting “U.S. national interests.” But previous announcements on the voucher program did not explicitly mention making drugs more affordable as a criterion. “We are including the affordability of drugs as a national priority,” Makary told CNBC.Lowering drug prices is a key goal of the Trump administration, which…

Artists perform at the Yotkan cultural scenic spot in Hotan County, northwest China’s Xinjiang Uygur Autonomous Region, Nov. 7, 2023. (Xinhua/Li Xiang)URUMQI, July 11 (Xinhua) — As summer draws crowds to Hotan County in northwest China’s Xinjiang Uygur Autonomous Region, Daoxiang Village comes alive with the rich aroma of lamb and corn dishes. Visitors from across China fill its restaurants, homestays and craft shops.Located on the southern rim of China’s vast Taklimakan Desert, Daoxiang Village, with its name literally meaning Rice Fragrance Village, was once a traditional farming village with a long history of rice cultivation. However, in recent years,…

Listen to article At least 798 people have been killed in Gaza since late May while attempting to receive food aid, the United Nations Human Rights Office (OHCHR) said. “Up until the seventh of July, we’ve recorded now 798 killings, including 615 in the vicinity of the Gaza Humanitarian Foundation sites, and 183 presumably on the route of aid convoys,” OHCHR spokesperson Ravina Shamdasani told reporters in Geneva, according to Reuters. Meanwhile, at least eight Palestinians were killed on Friday in an Israeli air strike on a school sheltering displaced families in northern Gaza, said local medical sources. The strike targeted the…

Bangladesh’s ex-police chief pleaded guilty to crimes against humanity committed during a crackdown on protests last year, while former prime minister Sheikh Hasina was formally indicted, prosecutors said after the trial resumed. Up to 1,400 people were killed between July and August 2024, according to the United Nations, when Hasina’s government attempted to crush a student-led uprising. Bangladesh’s International Crimes Tribunal (ICT) is prosecuting former senior figures connected to Hasina’s ousted government and her now-banned party, the Awami League. Former Inspector General of Police (IGP) Chowdhury Abdullah Mamun “pleaded guilty to crimes against humanity,” Muhammad Tajul Islam, Chief Prosecutor at…

Brian Krzanich, chief executive officer of Intel Corp., right, shows the collision avoidance feature of an AscTec Firefly drone with Intel RealSense cameras during the 2015 Consumer Electronics Show (CES) in Las Vegas, Nevada.Patrick T. Fallon | Bloomberg | Getty ImagesIntel is spinning out its artificial intelligence robotics and biometric venture as more companies bet big on automation tools.The new company, known as RealSense, was announced Friday and comes alongside a $50 million Series A funding round that includes MediaTek Innovation Fund and Intel Capital, the chipmaker’s venture arm that it is also spinning out.RealSense, which makes the tools and…