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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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…

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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…

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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…

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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…

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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…

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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…

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