Apple unseats Nvidia as most valuable firm

Nvidia’s rally loses momentum as investors shift focus from AI spending to earnings resilience BENGALURU: Apple overtook Nvidia on Friday to become the world’s most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence. Apple was last valued at $4.88 trillion as its shares held steady, while…

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Soldier killed in south Lebanon

. BEIRUT: A Lebanese soldier was killed and an officer and another soldier were wounded when a suspicious object exploded in an army vehicle in the southern Lebanese town of Mansouri, the Lebanese army said on Saturday. The Israeli military said on Saturday the vehicle had driven over an explosive device in the Al-Mansouri area,…

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Govt cuts profit rates on savings schemes

National Savings is one of the primeval institutions in the country with a legacy of more than 140 years ISLAMABAD: The federal government has reduced the profit rates on various National Savings Pakistan schemes, according to a notification issued on Saturday. Under the revised rates, the annual profit on the Behbood Savings Certificate and the…

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Punjab offers 10-year tax break to investors

Chinese firms investing in EV batteries, chip frame plant as province unveils industrial zones LAHORE: Punjab Industries Minister Shafay Hussain has announced a new industrial policy offering zero duty on machinery imports and 10-year income tax exemptions for industries in free economic zones, according to a statement issued on Saturday. Speaking at the inauguration of…

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Messi’s Argentina face Spain’s cool machine

World Cup final is South America vs Europe, passion vs precision, a match threaded with curious personal history FINAL COUNTDOWN: US President Donald Trump and FIFA President Gianni Infantino stand next to the FIFA World Cup Trophy, as they attend a FIFA reception at Trump Tower in New York City, US. PHOTO: REUTERS NEW YORK:…

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Bugti announces commission to probe Ziarat incident

QUETTA: Balochistan Chief Minister Sarfraz Bugti said the provincial government had constituted a judicial commission to investigate the Ziarat incident, a day after an agreement between the government and protesters ended a days-long sit-in staged in response to the terrorist attack in Ziarat’s Mangi area. Thousands of poeple gathered at Ayub Stadium in Quetta on…

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Security forces foil major terror plot in Wana

WANA: A terrorist was killed and five others injured in South Waziristan’s Wana as security forces thwarted a major terrorist plot by destroying an “explosive-laden vehicle intended for a suicide attack” during an intelligence-based operation on Saturday, state media said while citing security sources. In a post shared on X, state broadcaster Pakistan TV said,…

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Lawyers announce drive for rule of law

. ISLAMABAD: The Lawyers Action Committee has announced a nationwide lawyers’ movement for the rule of law and the independence of the judiciary after the summer vacations, with former Supreme Court Bar Association (SCBA) president Ali Ahmed Kurd set to lead the campaign. The movement will begin from Peshawar, according to the committee. Sources said…

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Pakistan, Kuwait call for de-escalation

. Pakistan’s Ministry of Foreign Affairs. Photo: File ISLAMBAD: Pakistan and Kuwait on Saturday stressed the urgent need for de-escalation in the Middle East amid the recent outbreak of fresh hostilities between the United States and Iran, while calling on all sides to exercise restraint. According to a statement issued by the Foreign Office, Deputy…

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