A new, inexpensive Chinese AI model is catching up with Anthropic, OpenAI on their home turf

GLM-5.2 from Beijing startup Z.ai is drawing growing Western interest, narrowing the AI gap Since DeepSeek shocked markets early last year with its cheap but powerful AI model, global consumers have been faced with a choice: Chinese offerings with lower prices and less capability or OpenAI or Anthropic, which have poured ​billions into development. A…

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Salaries pay 127% more tax than realty

ISLAMABAD: Preliminary estimates show that the marginalised salaried class paid roughly Rs630 billion in income tax during the just?ended fiscal year – a sum that is 127% more than taxes paid by the real estate sector, which again received a bonanza of 50% reduction in its already low tax burden in the budget. Compared to…

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Punjab slashes jobs ahead of new budget

Nearly 150k posts abolished across province; 30k education posts already abolished RAWALPINDI: Amid an acute financial and economic crisis in Punjab, the provincial government has granted final approval to abolish nearly 150,000 vacant posts ranging from Grade 1 to 16 across all departments. Implementation has commenced, and all such positions will be eliminated before the…

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Chinese ambassador praises Pakistan’s diplomatic efforts for peace in meeting with PM Shehbaz

PM expresses satisfaction over what he described as the ‘positive trajectory’ of Pakistan-China relations China’s Ambassador to Pakistan, Jiang Zaidong, calls on Prime Minister Shehbaz Sharif on Thursday. PHOTO: SCREENGRAB Chinese Ambassador to Pakistan, Jiang Zaidong, on Thursday lauded Pakistan’s diplomatic efforts for peace in the Middle East during a meeting with Prime Minister Shehbaz Sharif,…

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Pakistan pushes for permanent peace in US-Iran conflict: PM

Dar highlights sustained diplomatic engagement for de-escalation and dialogue in region, beyond Prime Minister Shehbaz Sharif addressing the sixth International Paigham-e-Islam Conference in Islamabad. SCREENGRAB Prime Minister Shehbaz Sharif on Wednesday said Pakistan desires a permanent end to the US-Iran war for peace in the region, Radio Pakistan reported. Addressing the sixth International Paigham-e-Islam Conference…

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Traders hail Rs74 petrol price cut

FPCCI president says cheaper fuel will boost exports, urges electricity tariff reduction ISLAMABAD: Pakistan’s trader and industrial community has strongly welcomed the announcement of a Rs74 per litre reduction in petrol prices and Rs67 per litre cut in high-speed diesel, calling it a highly positive decision for the economy. They said the move will benefit…

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Wheat devolution fuelling agri crisis

ISLAMABAD: Federal Minister for National Food Security and Research Rana Tanveer Hussain on Thursday blamed post-devolution coordination failures between the federation and provinces for worsening problems in the wheat sector. He told a Senate committee that provincial governments were not cooperating on procurement targets despite mounting challenges facing Pakistan’s agricultural economy. The remarks came during…

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Bilawal criticises PML-N over portraying public buses as personal gifts, urges AJK voters to back PPP

PPP chairman says describes the election as a referendum on the rights, development and future of AJK PPP chairman Bilawal Bhutto Zardari. SCREENGRAB PPP Chairman Bilawal Bhutto Zardari on Sunday criticised the Pakistan Muslim League- Nawaz (PML-N) for portraying publicly funded buses as personal gifts, as he made a final appeal to voters in Mirpur…

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