Islamabad, Sep 18: Prime Minister Shehbaz Sharif received a formal invitation from King Charles III of the United Kingdom to attend the Commonwealth Heads of Government Meeting (CHOGM) in Samoa in October. According to a PM Office press statement, the prime minister accepted the invitation and stated that the CHOGM in Samoa will be a historic occasion in the history of the Commonwealth because it would be the first summit the King would chair after becoming Head of the Commonwealth. Pakistan’s commitment to the Commonwealth and the principles outlined in the Commonwealth Charter was reaffirmed by Prime Minister Sharif. He…
Author: Iqra Khan
Islamabad, Sep 18: The Motorway Police (MP) in Ghotki have taken an unusual tack in trying to reduce accidents on the Sukkur-Multan portion of the motorway (M5). They are requesting that drivers wash their faces at night in order to keep them from falling asleep at the wheel. According to the MP, a number of accidents happen as a result of drivers nodding off, especially when traveling at night. The police hope to lessen these incidents and make driving safer for all drivers by promoting face washing among motorists. With so many private and commercial vehicles using Pakistan’s highways every…
Islamabad, Sep 18: Securities brokers are invited by Pakistan Stock Exchange (PSX) to take part in the Investor Weekend 2024, a three-day event held at Dolmen Mall in Clifton, Karachi, as part of World Investor Week 2024, which is scheduled to take place from October 7 to October 13, 2024. With assistance from the Securities & Exchange Commission of Pakistan (SECP) and in partnership with PSX, the Central Depository Company (CDC) is organizing this event.Securities brokers who showcase at this event will have the chance to interact directly with attendees, members of the public, workers of corporations, students, and others,…
Islamabad, Sep 18: The State Bank of Pakistan (SBP), the country saw $214 million in Foreign Direct Investment (FDI) in August, which represents a 50.7% increase from the $142 million FDI in the Same Period Last Year (SPLY). When comparing months to months, it can be seen that the nation recorded $136 million in investments made the month before. FDI was registered at $350 million overall in 2MFY25, up 55.6% from $22 million.
Islamabad, Sep 18: The Capital Development and Authority (CDA) Chairman Muhammad Ali Randhawa presided over a meeting to discuss the transfer of PWD offices to CDA and the timely building of the Islamabad Model Jail. According to specifics, talks centered on making sure that the Islamabad Model Jail project moved seamlessly from the Public Works Department (PWD) to CDA. The intention was to name CDA as the main agency responsible for carrying out the project after consulting with the Ministries of Interior and Planning, Development, and Initiatives. Chairman Randhawa emphasized that in order to guarantee continuous progress, the PWD and…
Islamabad, Sep 18: The State Bank of Pakistan (SBP) released figures on Wednesday showing that in August 2024, Pakistan’s current account balance showed a surplus of $75 million. In August 2024, Pakistan experienced a current account surplus of US$ 75 million, following three consecutive current account deficits. The current account deficit for 2MFY25 is US$ 171 million, which is 81 percent less than the previous year. Topline Securities claims that remittances, which came in at US$ 2.9 billion, up 40% YoY, are the reason for the current account’s increase. Remittances are increased 44% YoY in 2MFY25.
Islamabad, Sep 18: Three independent power producers (IPPs) have been served with show-cause notices by the National Electric Power Regulatory Authority (NEPRA), initiating legal procedures against them. The IPPs have reportedly received notices for their failure to get the nation’s electrical supply back online following a nationwide outage at the beginning of the previous year, according to a story in Dawn. Following extensive examinations into the plants, which include the 134 MW Saba Power Project, the 450 MW Rousch Power Plant in Khanewal, and the 1,320 MW Sahiwal Coal Power Project, notices have been served. Within the contractually stipulated timeframes,…
Islamabad, Sep 18: Easypaisa has been taking Rs. 99 out of users’ accounts who fail their biometric verification with NADRA without providing a regulatory explanation. One person told media that they were repeatedly charged this amount following unsuccessful attempts to match their fingerprints. Users get the following notification when their verification attempt fails: Your fingerprints and your CNIC from NADRA could not be matched. Please make sure that the background of your fingerprint scan is clear when you scan your own. You can visit your nearest merchant to have your account biometrically confirmed. A 99-rupee fee was taken out of…
Islamabad, Sep 18: Three employees of Punjab University (PU) have been placed on administrative leave and face legal action for their role in the leak of two LLB exam papers. The Intelligence Bureau (IB) Lahore conducted an investigation that revealed the workers’ involvement in the affair, leading to this decision. Naib Qasid Mohsin, Junior Clerk Usman, and Key Punch Operator Athar are among the suspended employees. These people were discovered selling exam papers to pupils for cash, the university administration said. Two employees sold the first paper for Rs 35,000 and Rs 6,000, and the third employee made Rs 100,000…
Islamabad, Sep 18: OpenAI’s most recent “reasoning” model, o1, exhibits a troubling tendency that independent AI safety study group Apollo has discovered. As the launch date of this cutting-edge AI system drew near, Apollo’s crew discovered a brand-new type of output inaccuracy that might be classified as deceit. The problem might appear in a number of ways, some of which are initially thought to be innocuous. As an illustration, consider the objective given to o1-preview, a pre-release version of the model, which is to provide a brownie recipe with links to related websites. The “chain of thought” mechanism included into…
