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…
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…
Glacier melt boosts water levels in rivers, reservoirs
Officials said the gradual increase in river flows had improved the availability of water in major reservoirs ISLAMABAD: Water levels in major rivers and reservoirs continued to improve on Wednesday as rising temperatures in the northern mountainous regions accelerated glacier melt, while authorities expressed optimism that the expected monsoon rains would further boost inflows and…
SECP unveils first ESG Mutual Funds Framework
It will encourage companies to improve environmental, social and governance practices ISLAMABAD: Pakistan has taken a major step towards sustainable finance as the Securities and Exchange Commission of Pakistan (SECP) has issued the country’s first ESG Mutual Funds Framework. The framework enables asset management companies to launch environmental, social and governance (ESG)-focused mutual funds, bringing…
French foreign minister welcomes Lebanon-Israel framework agreement in call with Rubio
Jean-Noel Barrot reaffirms France’s readiness to contribute to implementation of the agreement France’s Foreign Affairs Minister Jean-Noel Barrot speaks to the press as he arrives for the EU Foreign Affairs Council in Brussels on February 23, 2026. Photo: AFP French Foreign Minister Jean-Noel Barrot welcomed the framework agreement between Lebanon and Israel in a phone…
Pakistan, Saudi Arabia sign security MoU, agree to develop cricket stadium in Jeddah
Agreements are latest in a series of initiatives aimed at expanding Pakistan-Saudi cooperation across multiple sectors Pakistan and Saudi Arabia signed a memorandum of understanding (MoU) on security cooperation on Wednesday, while the Pakistan Cricket Board (PCB) and the Saudi Arabian Cricket Federation (SACF) signed a separate agreement to develop an international cricket stadium in…
Gold prices in Pakistan Today
KARACHI: Gold prices on Thursday rose in global and local markets after five trading sessions, reaching a new high in the international bullion market. In the international bullion market, the price of gold per ounce increased by $91 to $4,063. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), locally, the price of gold…
Hope fades, hunger sets in a week after Venezuela quakes
Majority of collapsed buildings in hardest-hit city of La Guaira have been marked with the letter ‘D’ for ‘deceased’ Members of the US Air Force 21st Special Tactics Squadron work alongside Venezuelan Military Police in Tanaguarena, La Guaira state, Venezuela. Photo: REUTERS Hope of finding more survivors faded Wednesday as Venezuela marked a week since…
PM Shehbaz to visit Iran, Turkiye from July 3-5: FO spokesperson
Says the prime minister will attend condolence ceremony for martyred Iranian supreme leader Ayatollah Ali Khamenei Foreign Office Spokesperson Tahir Hussain Andrabi. PHOTO: Radio Pakistan Foreign Office spokesperson Tahir Andrabi said on Thursday that Prime Minister Shehbaz Sharif would undertake official visits to Iran and Türkiye from July 3 to 5. “PM Shehbaz will travel…
Govt raises Climate Support Levy, cuts Petroleum Levy to keep fuel prices unchanged
Climate Levy raised to Rs5 per litre; Petroleum Levy cut to Rs64.14 for petrol, Rs77.04 for high-speed diesel ISLAMABAD: The federal government on Thursday revised the levy structure on petroleum products at the start of the new financial year, increasing the Climate Support Levy on petrol and high-speed diesel (HSD) while reducing the Petroleum Levy…
PSX surges over 1,400 points in early trading
KARACHI: The Pakistan Stock Exchange (PSX) witnessed strong buying interest on Thursday, with the benchmark KSE-100 Index climbing over 1,400 points in midday trading, reflecting positive investor sentiment amid ongoing market optimism. As of midday, the KSE-100 Index stood at 185,514.10 points, up 1,464 points or 0.8 percent from the previous close of 184,050.10. The…
