Pakistan treats AI largely as a software and skills initiative on grounds of energy crisis and lack of HPC centres ISLAMABAD: In March 2026, the White House published a new policy framework for Artificial Intelligence (AI), comprising a set of legislative recommendations for the US Congress. It reflects the current administration’s philosophy that AI regulation…
Goal of these companies is maximising shareholder value via dividend disbursement View of business offices and under construction residential apartments in Karachi, Pakistan September 23, 2025 Photo: Reuters LAHORE: A business firm is said to be financialised when it involves in financial activities. In other words, a business firm permanently expands its financial activities. This…
Over 90% of freight, 95% of passenger traffic moves by road; accidents are dangerous and unaffordable KARACHI: Road accidents in Pakistan have become a persistent national tragedy – one that unfolds daily on our highways, city streets and rural roads. Beyond the heartbreaking loss of life, these accidents impose a massive and often overlooked economic…
KARACHI: Pakistan’s commercial banking sector is bracing for a major financial shock, as a sharp spike in interest rate yields is expected to wipe out more than Rs600 billion in revaluation surpluses within a single quarter. A report by Optimus Capital Management, titled ‘Back to Square One’, warns that the rapid shift in the fixed-income…
Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY ISLAMABAD: The oil industry has expressed fear that it is going to face an inventory loss of Rs100 billion, which will…
KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) staged a powerful rebound during the outgoing week, surging over 11% on a week-on-week (WoW) basis to close at 167,191 points, as easing geopolitical tensions and improving macroeconomic signals triggered broad-based investor interest. On a day-on-day basis, the PSX commenced the week with a…
KARACHI: Trade activities under the Pakistan-Iran transit corridor have formally commenced, with the first export consignment dispatched from Pakistan. Director Transit Trade Customs Sanaullah Abro told The Express Tribune that the inaugural shipment, comprising frozen meat, was transported via refrigerated trucks to Tashkent, Uzbekistan. He said that under the corridor, consignments from Pakistan would be…
Ice cream chain Mixue plans $590m investment, while meal delivery firm Meituan to invest $1b by 2030 SAO PAULO: For Chinese ice cream and beverage chain Mixue, which already has more stores than Starbucks or McDonald’s, a cheerful snowman mascot on Sao Paulo’s most famous avenue signals a new phase of its global expansion. Mixue’s…
Applied Research Award announced as universities urged to update curricula to match global market needs LAHORE: Chairman of the Higher Education Commission (HEC) Dr Niaz Ahmed visited the Lahore Chamber of Commerce and Industry (LCCI) and met with President Faheemur Rehman Saigol to discuss strengthening the link between education and industry, improving academic curricula and…
Commission members fail to find common ground, will offer non-binding ideas instead of full reform FRANKFURT: A planned reform of Germany’s cap on public borrowing will not take place during the government’s current legislative term, German mass tabloid Bild reported on Saturday, adding members of the responsible commission have failed to find common ground. The…