PM told three power distribution companies to be privatised in first phase

Prime Minister Muhammad Shehbaz Sharif chairs review meeting on privatisation of DISCOs. PHOTO: PID Pakistan on Tuesday moved forward with plans to privatise three power distribution companies in the first phase of its reform programme, as the government continues efforts to restructure loss-making state-owned enterprises, according to a statement from the Prime Minister’s Office. Chairing…

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KCCI demands reversal of failed policies

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) and Businessmen Group (BMG) have urged the federal government to avoid repeating policy mistakes that have damaged exports, discouraged investment and undermined industrial competitiveness. In a joint statement, KCCI leadership said many fiscal measures introduced over the past two years had been opposed by the chamber…

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Apple tries again on AI, turns to Google for help

Apple’s more deliberate pace in entering the AI frenzy has won praise from some analysts Apple and the Alphabet-owned Google are two of several tech companies that regularly issue warnings to users when they determine they may have been targeted by state-backed hackers. PHOTO: REUTERS Apple unveiled an artificial intelligence overhaul for the iPhone on…

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Pakistan urges Taliban to take ‘verifiable action’ against terrorists at UN Security Council

Says India’s approach in Afghanistan driven by a single objective, which he described as ‘destabilising Pakistan’ Pakistan’s Permanent Representative to the United Nations, Asim Iftikhar Ahmad addressing the United Nation Security Council. PHOTO: X Pakistan called on Afghanistan’s Taliban authorities to take “verifiable and non-reversible action” against terrorist groups operating from Afghan territory, as its…

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Gold slides on ceasefire hopes, US jobs data

In the local bullion market, the price of gold per tola fell to Rs452,233 after a decline of Rs3,094 KARACHI: Gold prices in Pakistan declined on Monday in line with a subdued international market trend, as easing geopolitical risk from reports of a possible Israel-Iran ceasefire and stronger-than-expected US labour data kept bullion under pressure,…

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