While state-owned power distribution companies have sought an over 400 per cent increase in security deposits from consumers, two federal ministers advocated for cheaper electricity rates for industrial consumers and the rationalisation of the ‘disproportionate tax burden’ on the salaried class in the coming months. At an event organised by the Pakistan Business Council, Finance Minister Muhamm
Chinese tech company Alibaba on Wednesday released a new version of its Qwen 2.5 artificial intelligence (AI) model that it claimed surpassed the highly acclaimed DeepSeek-V3. The unusual timing of the Qwen 2.5-Max’s release, on the first day of the Lunar New Year when most Chinese people are off work and with their families, points to the pressure Chinese AI startup DeepSeek’s meteoric rise in
Prime Minister Shehbaz Sharif on Wednesday reaffirmed the government’s unwavering commitment to facilitating foreign investors by ensuring a conducive business environment, streamlined processes and robust institutional support. A press release from the Prime Minister’s Office said the premier underscored Pakistan’s unique appeal as a global investment destination during a meeting in Islamabad
Pakistan witnessed 87 per cent foreign investment withdrawal from treasury bills (T-bills) due to a sharp reduction in profit rates in almost seven months. The returns on T-bills halved during the first seven months of the current fiscal year. These large outflows occurred despite a stable exchange rate for over a year. Financial market experts said many other factors could contribute to the
GSMA has criticised Pakistan’s spectrum policy, warning that increasing the cost of spectrum is unsustainable and poses a significant threat to the future development of mobile services. GSMA, a global organisation representing mobile operators and entities across the mobile ecosystem and adjacent industries, has issued a paper emphasising that mobile network infrastructure is vital for Pakista