Islamabad, Jan 30: The cryptocurrency market is experiencing a notable resurgence, with major digital assets like Bitcoin and Ethereum leading the charge. As of January 30, 2025, Bitcoin is trading at approximately $105,113, reflecting a 2.48% increase from the previous close, while Ethereum has reached $3,203.56, marking a 1.90% uptick. This upward momentum is attributed to several factors, including heightened institutional adoption and favorable regulatory developments.In December 2024, the cryptocurrency market achieved an all-time high capitalization of $3.91 trillion, driven by regulatory optimism and increasing institutional participation. Upcoming Events and Token Unlocks: To help users stay updated on the latest…
Author: Iqra Khan
Islamabad, Jan 30: The installation of smart meters has begun in most districts of Uttar Pradesh, aiming to eliminate billing errors and provide real-time electricity usage tracking for consumers. The Kanpur Electricity Supply Company (Kesco) is leading the initiative by installing 650,000 smart meters in the city over the next two years.
Islamabad, Jan 29: Chinese tech giant Alibaba unveiled its latest AI model, Qwen 2.5, claiming it surpasses its competitors, including DeepSeek-V3, OpenAI’s GPT-4, and Meta’s Llama-3.1-405B. This announcement was made by Alibaba’s cloud division on WeChat, with the company asserting that Qwen 2.5-Max outperformed these models in benchmark tests. The release timing is significant, coinciding with the Lunar New Year celebrations, a period when most Chinese citizens are traditionally at home with family. This suggests Alibaba’s urgency in responding to the DeepSeek model’s growing success. DeepSeek made waves with its AI assistant powered by DeepSeek-V3 on January 10, followed by…
Islamabad, Jan 29: Muhammad Azfar Ahsan, Pakistan’s former Minister for Investment and Chairman of Nutshell Group, took part in a high-level discussion on “Promoting Forex-Accretive, Technology-Intensive Investment” during the “Dialogue on the Economy”, an event organized by the Pakistan Business Council. The event, which was attended by 125 industry leaders, focused on critical aspects of fostering investment in Pakistan. Azfar Ahsan emphasized that political stability is the foundation for a thriving investment climate. He urged all stakeholders, including the government and private sector, to focus on facilitating and expanding both local and foreign investors. He stressed the importance of creating…
Islamabad, Jan 29: Pak-Turk MAARIF International Schools and Colleges, in collaboration with the Turkish Maarif Foundation (TMF) and the Turkish Embassy in Pakistan, hosted the Turkish University Fair 2025 in Islamabad on Wednesday. The event, which ran from 10:00 AM to 4:00 PM, provided Pakistani students with the opportunity to explore higher education options in Turkey. This third edition of the fair aimed to strengthen educational ties between Pakistan and Turkey, offering students access to academic programs, scholarships, and career pathways at top Turkish universities. A total of ten universities, including Bilkent University, Bogaziçi University, and METU Northern Cyprus Campus,…
Islamabad, Jan 29: Prime Minister Shehbaz Sharif reiterated his government’s strong commitment to fostering a business-friendly environment for foreign investors, emphasizing efforts to streamline processes and provide robust institutional support. During a meeting with a delegation of international investors, led by prominent US investor Gentry Beach, the prime minister highlighted Pakistan’s strategic location, its skilled and youthful workforce, and the rapidly growing consumer market as key factors that make the country an attractive investment destination. Expressing gratitude for the delegation’s interest, the prime minister discussed Pakistan’s dynamic investment opportunities and its economic potential. He welcomed their enthusiasm for exploring business…
Islamabad, Jan 29: The Securities and Exchange Commission of Pakistan (SECP) will be hosting the InsureImpact Conference Pakistan (ICP) 2025 on February 13, 2025, in Karachi. The overarching theme of the conference is “Journey to an Insured Pakistan – Fostering Collaboration, Engagement & Innovation.” This event will bring together federal and provincial ministers, senior government officials, policymakers, and experts from both the financial and insurance sectors. The conference will feature a comprehensive agenda that includes discussions on key strategic areas such as: A holistic overview of the insurance ecosystem Stakeholder engagement in the insurance sector Addressing disaster and agricultural insurance…
Islamabad, Jan 29: Gentry Beach, head of a delegation of US billionaire investors, has expressed a strong interest in investing billions of dollars in Pakistan. During a meeting with prominent journalists in Islamabad, Beach praised the intelligence and hard work of the Pakistani people and emphasized the long-standing historical ties between the US and Pakistan. He acknowledged the global shift towards a new era of peace and development and pointed out how efforts had been made in the US to create misconceptions about Pakistan, particularly in light of the US’s withdrawal from Afghanistan under the Biden administration. Beach highlighted that…
Islamabad, Jan 29: The Punjab government has taken a significant step towards regulating and curbing the development of illegal housing societies by establishing the Punjab Special Planning Authority (PSPA). The announcement was made following a review meeting chaired by Chief Minister Maryam Nawaz. The meeting also focused on developing standardized designs and colors for commercial and residential areas, with an emphasis on making housing societies more environmentally friendly, pedestrian-friendly, and aligned with modern urban planning standards. The Punjab Special Planning Authority (PSPA) will be tasked with several key functions: Zoning: This includes zoning commercial, residential, and agricultural land, and regularly…
Islamabad, Jan 29: The Board of Directors of Supernet Limited (PSX: GEMSPNL) has authorized the company to initiate discussions and formulate terms for a potential merger with Supernet Technologies Limited (STL), formerly Hallmark Company Limited. The approval allows GEMSPNL to engage with STL to assess the feasibility and valuations associated with the merger. The company has also been authorized to draft necessary documents related to the proposed merger, which will later be presented for the Board’s consideration.
