Chinese smartphone giant Xiaomi is deepening its global strategy by partnering with Europe’s Leica - known for producing high-quality cameras - and America’s Google Gemini, an artificial intelligence (AI) assistant. Industry experts describe the move as an effort to strengthen its “challenger” status in the global smartphone market. During the launch of the new Xiaomi 15T series, Terrence Xiao,
Pakistan’s economy is projected to grow modestly by 2.6% in FY2025-26, as catastrophic floods weigh on agricultural output and inflation pressures resurface, noted the latest World Bank economic report on the Middle East, North Africa, Afghanistan & Pakistan (MENAAP) on Tuesday. “In Pakistan, real GDP at factor cost is expected to have grown by 2.7% year-on-year in FY 2024/25, slightly above FY
The stock market extended its record-setting run in the outgoing week, with the benchmark KSE-100 index nearing the 170,000 milestone, buoyed by strong investor interest despite the International Monetary Fund (IMF) signalling concerns during the ongoing second review under the $7 billion Extended Fund Facility. The index gained 6,733 points or 4.15pc on a weekly basis to settle at 168,990, acc
Pakistan’s business environment is undergoing a period of visible transition. The undocumented economy continues to challenge tax-compliant companies that find it increasingly difficult to compete. The recent transition of Procter & Gamble (P&G), one of the world’s largest consumer goods firms, away from direct operations in Pakistan has drawn attention precisely because the country is consumption
Bitcoin reached a new record high on Sunday, rising above the $125,000 mark. The cryptocurrency reached $125,689, shooting above its previous August record of around $124,500. Bitcoin has enjoyed a strong upward momentum, with investors cautious about the United States’ government shutdown. Gains in US shares have also supported bitcoin’s rise, while investors have looked to safe haven as