ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved Treet Corporation Limited’s proposal to subscribe to additional ordinary shares of Loads Limited through a rights issue, according to a statement issued on Tuesday. Treet Corporation submitted a pre-merger application under Section 11 of the Competition Act, 2010, seeking approval for the transaction. Treet Corporation is…
A cybersecurity platform operated by China’s industry ministry warned on Wednesday that it had identified a serious security “backdoor” risk in Anthropic’s AI coding tool, Claude Code. US-based Claude Code is an AI agent capable of generating, debugging and reviewing code based on user prompts. China’s National Vulnerability Database (NVDB), in a statement posted on…
ISLAMABAD: The government is set to exempt state-owned energy companies from adopting international financial reporting standards (IFRS) whose implementation without settling circular debt will result in potential Rs500 billion credit losses and erosion of equity and market capitalisation of these firms. A special committee has proposed to the Cabinet Committee on State-Owned Enterprises (SOEs) to…
Multiple users have been sharing a video on social media platforms X and Facebook on Wednesday, claiming that it shows Lionel Messi winking at a referee during the Argentina vs Egypt match on July 7. However, the video is from the Argentina-Cape Verde contest, which took place on July 4. Messi and Argentina received backlash…
Calls Madrid a ‘terrible partner’ in NATO as he rails against allies for not supporting the war on Iran United States President Donald Trump threw a summit of NATO leaders into disarray on Wednesday as he demanded the US cut trade ties with Spain and made renewed claims on Greenland, irking another NATO ally, Denmark….
Aurangzeb welcomed the continued scaling up of risk-sharing and partial guarantee schemes, particularly for SMEs and small farmers, to mobilise private capital. photo:file KARACHI: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday announced the formation of a dedicated SME Finance Task Force to expand access to credit for small and medium enterprises,…
Kyiv’s ‘mid-strike’ drones, flown via Starlink, can hit targets dozens of kilometres behind front lines accurately Russian forces are trying to counter Ukrainian “mid-strike” drone attacks by camouflaging cargoes and installing powerful jamming systems to disrupt Elon Musk’s Starlink satellite internet system, Ukrainian drone commanders and pilots told Reuters. Kyiv’s development of “mid-strike” drones that…
LONDON/SINGAPORE: Global liquefied natural gas trade hit a record last year as strong US exports and rising European imports offset weaker Asian purchases, the International Gas Union said in a report on Wednesday. Conflict in the Middle East could lead to a contraction in 2026, however, it warned. “The conflict in the Gulf has damaged…
Police says suspects’ DNA samples, fingerprints obtained, now need time to recover vehicle, laptop, cash, weapon A Lahore Police spokesperson emphasised that personnel in uniform are required to maintain strict discipline. PHOTO: FILE LAHORE: A judicial magistrate on Wednesday extended the physical remand of four suspects by five days in a case involving the alleged…
KARACHI: Gold prices continued to decline for the fourth consecutive day in global and local markets on Wednesday. In the international bullion market, the price of gold fell by $47 per ounce, reaching $4,078 per ounce. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local…