Under the direction of Senator Saleem Mandviwala, the Senate Standing Committee on Finance and Revenue met today to talk about the several tax measures included in the Finance Bill 2024. Senator Faisal Vawda argued that the globe was encouraging the use of electric and hybrid vehicles, hence he was against raising taxes on them. He bemoaned the difficulties caused by unforeseen policy changes, bringing up the 25 percent sales tax on cars valued at more than Rs. 15 million. He also took issue with the different tax rates on cars made domestically and those imported. According to Vawda, many were…
Author: Iqra Khan
OpenAI CEO Sam Altman and former head scientist Ilya Sutskever parted ways abruptly but dramatically in November, and now Sutskever is starting a new project. Back then, Sutskever nearly drove Altman out of his AI business. He has now teamed up with Daniel Levy, his colleague at OpenAI, and Daniel Gross, a former Apple AI executive, to form Safe Superintelligence Inc (SSI). The company’s primary goal of creating safe and useful artificial intelligence is reflected in this name. Safe Superintelligence Inc. (SSI), a recently established business, is forthright about its goals. According to a statement posted on their website, the…
A novel ferroelectric substance developed by Chinese researchers may one day lead to memory storage devices with a virtually infinite lifespan. This discovery could result in huge cost savings for deep-sea drilling, data centers, and the aerospace sector. Ferroelectric materials are vital to the technology and artificial intelligence industries because they write quickly and consume less power. However, the performance of conventional ferroelectric materials, such PZT, tends to deteriorate over time. This issue is avoided by the new material, 3R-MoS2, which stops fatigue and defect accumulation. Even after millions of cycles in the lab, the 3R-MoS2 material exhibited no symptoms…
Minister of the International Department of the Central Committee of the Communist Party of China (IDCPC), Mr. Liu Jianchao arrives in Islamabad on a three-day visit. He was received at the Islamabad International Airport by Additional Foreign Secretary (Asia & Pacific) Ambassador Imran Ahmed Siddiqui. Minister Liu Jianchao will call on Prime Minister Muhammad Shehbaz Sharif and hold extensive bilateral talks with Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar. Deputy Prime Minister Ishaq Dar and Minister Liu will also co-chair third meeting of the Pakistan-China Joint Consultative Mechanism (JCM) of the political parties on CPEC.
The Undergraduate Admission Test (UAT) is a new requirement for university admissions, established by the Higher Education Commission (HEC) of Pakistan.Students must get a minimum of 50% on the UAT after completing their intermediate education in order to be eligible for admission. Seven subject areas will be covered in the exam: commerce, computer science, medicine, and engineering. Applications are available on the HEC website until June 30 and the UAT is scheduled for July.The purpose of the new exam is to provide more equitable admission to universities for all applicants. The HEC asserts that it is critical to uphold uniform…
Even though Samsung’s premium Galaxy S25 line won’t be released for several months, a leak from GalaxyClub indicates that only the S25 Ultra, the top model, will get a noteworthy camera update. It is anticipated that the regular Galaxy S25 and S25+ will carry over the same camera hardware from their predecessors, so this will be the fourth generation of Galaxy devices without a camera upgrade. This implies that the 12MP front-facing camera and triple-lens rear camera system will likely be seen on the S25 and S25+. On the other hand, there are rumors that the Galaxy S25 Ultra will…
There is a cyberthreat aimed at Pakistani government agencies, according to a warning from the National Computer Emergency Response Team (NCERT).Investigations, according to the advisory, have revealed that misleading WhatsApp messages purporting to be from Md. Amin, Deputy Director at the Prime Minister’s Office, are being forwarded to senior officials. The phony texts purport to be invites to a meeting of the SIFC Committee on Power, which the prime minister is supposed to be chairing. One of the WinRAR files in these messages has a login password on it. This file must be extracted in order to activate malware that…
The exports from the country in the rupee term witnessed an increase of 28.75 percent during the first eleven months of the current fiscal year as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported. Exports during July–May (2023-2024) totaled Rs. 7,962,082 million as against Rs. 6,183,949 million during the corresponding period of last year, according to PBS provisional figures.Exports from Pakistan during May, 2024 increased by 25.99 percent to Rs. 790,199 million compared to exports of Rs.627,199 million in May 2023.On month-on-month basis, the exports from the country increased by 20.83 percent in…
The per tola price of 24 karat gold remained unchanged at Rs. 241,300 on Thursday, the All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat and 10 gram 22 karat also remained stagnant at Rs.206,876 and Rs.189,636 respectively.The price of per tola and 10 grams silver witnessed no change and was traded at Rs 2750 and Rs2357.68 respectively. However, the price of gold in the international market increased by $3 to $2,335 from $2,332 the Association reported.
Emotions ran high in the departure lounge of King Abdulaziz International Airport on Thursday as Pakistani Hujjaj prepared to return home after completing the Hajj pilgrimage. The atmosphere was poignant, with tears and heartfelt expressions of gratitude to Almighty Allah filling the air. The farewell Tawaf at the Grand Mosque in Makkah marked the end of the five-day communion with Allah Almighty at the holy sites of Mina, Arafat, and Muzdalifah from Zilhajj 8-12.This year, around 160,000 Pakistanis performed the religious obligation under both the government and private Hajj schemes.On the first day of a month-long post-Hajj flight operation, a…
