Pakistan and Google signed a Memorandum of Understanding (MoU) on Friday to promote national digital transformation and innovation, with a focus on expanding digital skills, IT exports and innovation in the country. The cooperation marks a significant development towards Prime Minister Shehbaz Sharif’s vision of increasing Pakistan’s IT exports and digital economy to $30 billion by 2030, read a
Federal Commerce Minister Jam Kamal Khan has directed the development of an integrated, secure, AI-powered digital system for the Ministry of Commerce. The minister held separate meetings with representatives of the Pakistan Digital Authority (PDA) and the management of Sky47 in this regard, read a statement on Friday. The meetings focused on treating government data as a national asset, str
Gold held steady on Friday but was on track for a third straight weekly gain, buoyed by a weaker dollar and US Treasury Department efforts to hold down longer-term yields. Spot gold was little changed at $4,514.23 per ounce, as of 0031 GMT, after hitting its highest level since early June in the previous session. Prices were up 3.2% for the week. US gold futures steadied at $4,571.20. The
Oil prices fell slightly on Friday, but were on track for a second weekly rise as the stalemated US-Iran war continues to disrupt supply from the key Middle East producing region. Brent crude futures fell 23 cents, or 0.3%, to $93.55 a barrel by 0142 GMT, after climbing 2.4% in the previous session. US West Texas Intermediate crude futures slipped 33 cents, or 0.4%, to $86.50 a barrel, after
Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 900 points during the opening minutes of trading on Thursday. At 9:50am, the benchmark index was hovering at 177,771.47, up by 925.11 points or 0.52%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs