AI chip race, taxes hurt mobile output

According to industry projections, sustaining Pakistan’s local mobile industry between 2026 and 2031 could generate foreign exchange savings of more than $2.3 billion while gradually reducing dependence on imports. photo: file KARACHI: Pakistan’s emerging mobile phone manufacturing industry is coming under mounting pressure from a global artificial intelligence (AI)-led technology shift and domestic taxation measures,…

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Sinner opens Italian Open account

Jannik Sinner beats Jiri Lehecka 6-4, 6-4 to complete the coveted “Sunshine Double,” becoming the first since 2017 to achieve the feat without dropping a set. PHOTO: REUTERS/FILE ROME: Jannik Sinner got his Italian Open campaign underway on Saturday by swatting aside Sebastian Ofner 6-3, 6-4 to start his bid to extend a record-breaking run…

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Tehran moves to tighten Hormuz chokehold

TEHRAN/DUBAI: Iran’s Revolutionary Guards (IRGC) said on Monday that fibre-optic internet cables passing through the Strait of Hormuz could be brought under a permit system, as Tehran announced the formation of a new body to manage the key waterway. The strait, through which about 20% of global oil supplies pass, is currently a flashpoint amid…

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K-P to expand FM radio network

. PESHAWAR: An important meeting on FM radio stations under the Information and Public Relations Department was chaired by the Special Assistant to the Khyber-Pakhtunkhwa Chief Minister on Information and Public Relations, Shafi Jan. Secretary Information Matiullah Khan and other relevant officials attended the meeting. The Special Assistant was given a comprehensive briefing on the…

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Mobile ‘tax trap’ stifles digitalisation

KARACHI: Pakistan’s heavy taxation of mobile services is creating a “tax trap” that is raising connectivity costs, suppressing mobile adoption and slowing the country’s broader digital transformation agenda, according to a new report commissioned by telecom group VEON. The study, prepared by Frontier Economics, argues that Pakistan’s telecom sector is among the most heavily taxed…

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FinMin departs for China to attend Pakistan’s inaugural Panda Bond issuance ceremony

Ceremony marks Pakistan’s first-ever Panda Bond issuance, giving access to China’s capital market, ministry says Pakistan Finance Minister Muhammad Aurangzeb speaks during an interview at the International Monetary Fund and World Bank Group’s annual spring meetings in Washington DC, US, April 13, 2026, PHOTO: REUTERS Finance Minister Muhammad Aurangzeb departed for China on Thursday to…

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