Islamabad, Feb 25: At the invitation of the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, Prime Minister Muhammad Shehbaz Sharif will undertake an official visit to Uzbekistan on February 25-26. The prime minister will be accompanied by a high-level delegation, including Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, along with other key members of his cabinet, as confirmed by the Foreign Office Spokesperson in a press release on Monday. During the visit, Prime Minister Sharif and President Mirziyoyev will hold bilateral discussions on a wide range of issues, including connectivity, trade, investment, energy, defence and security, regional…
Author: Iqra Khan
Islamabad, Feb 25: Khyber Pakhtunkhwa Governor Faisal Karim Kundi has formally requested Prime Minister Shehbaz Sharif to rename the New Islamabad International Airport as Benazir Bhutto Airport. In a letter addressed to the prime minister. Governor Kundi reminded him that the federal cabinet had approved the naming of the airport after the former prime minister,Benazir Bhutto, back in 2008. He emphasized that several landmarks across Pakistan are named after national leaders, and renaming the airport would be an important step in preserving their political legacies. This request comes shortly after the Khyber Pakhtunkhwa (KP) government renamed Peshawar’s Arbab Niaz Cricket…
Islamabad, Feb 25: Samsung is set to expand its mid-range smartphone portfolio with the introduction of two new models, the Galaxy M06 5G and Galaxy M16, as revealed by a newly launched landing page on Amazon India. The early marketing materials for these upcoming budget phones highlight a fresh design, featuring a return to a dedicated camera island a design element that Samsung had moved away from in mid-2022, opting instead for individual protruding lenses on both its budget and premium Galaxy devices. The teaser image showcases the camera setups for the new models, with the Galaxy M06 featuring a…
Islamabad, Feb 25: The Securities and Exchange Commission of Pakistan (SECP) has introduced significant amendments to the regulations governing unlisted companies, allowing them to issue shares to investors beyond their existing shareholders. This change marks a departure from previous rules that had restricted private companies from seeking investments from external sources. The updated capital issue guidelines now enable unlisted companies to raise funds from new investors, addressing the growing need for capital to support working capital requirements, the development of innovative products, and business expansion efforts. The reform is expected to enhance access to finance, particularly benefiting startups and organizations…
Islamabad, Feb 25: Apple announced on Monday its plans to support the construction of a 250,000-square-foot AI server factory in Texas, set to be operational by 2026. This initiative is in partnership with Hon Hai Precision Industry’s Foxconn. The project is part of a broader strategy that will see Apple invest heavily in research and development across the United States, creating 20,000 new jobs in the process. As part of this investment, Apple revealed it would spend $500 billion in the U.S. over the next four years. This amount will go toward purchasing from domestic suppliers, producing content for Apple…
Islamabad, Feb 25: A newly introduced gas policy, backed by the Special Investment Facilitation Council (SIFC), is set to attract up to $5 billion in private sector investments, facilitating 35% private participation in Pakistan’s energy sector. The policy aims to establish a robust public-private partnership within the energy sector, promoting growth and ensuring the long-term sustainability of the nation’s energy infrastructure. Muhammad Zaheer Alam, President of United Energy Pakistan, praised the policy as a crucial step toward the sector’s development. He emphasized that this initiative would significantly strengthen Pakistan’s energy framework, creating opportunities for both local and international stakeholders. Ali…
Islamabad, Feb 25: Nvidia’s dominance in the AI chip market is facing increased scrutiny as competition from lower-cost alternatives, such as China’s DeepSeek, gains traction. While Nvidia has been the leading beneficiary of AI-driven investments by major tech firms over the past two years, DeepSeek claims it can offer AI models at a significantly reduced price, raising questions about the continued necessity of Nvidia’s expensive chips. The rise of DeepSeek in January led to a staggering $593 billion drop in Nvidia’s market value, marking the largest single-day loss for any U.S. company. Despite this setback, Nvidia’s stock has remained one…
Islamabad, Feb 25: Trade between Pakistan and Bangladesh has surpassed the $1 billion mark, signaling a renewed economic partnership between the two South Asian nations. The milestone comes amid growing interest from both sides to expand commerce across multiple sectors, with Bangladesh’s High Commissioner to Pakistan, Muhammad Iqbal Hussain Khan, underscoring the potential for deeper collaboration. During his recent visit to Kasur and Faisalabad, the high commissioner met with business leaders to explore trade acceleration opportunities. He highlighted the strong demand for Pakistani goods in Bangladesh, particularly cotton, sugar, rice, apparel, and mangoes. Similarly, Bangladesh sees Pakistan as a promising…
Islamabad, Feb 25: The first locally transmitted case of Mpox (Monkeypox) has been confirmed in Khyber Pakhtunkhwa, marking a significant development in the country’s health landscape. Health Advisor Ihtesham Ali stated that, until now, all reported cases were linked to individuals returning from international travel. However, this latest case signals a shift, indicating potential domestic transmission. The infected patient, a woman, was admitted to a hospital after experiencing fever and body aches. Subsequent tests confirmed Mpox, with health officials tracing the likely source to her husband, who had recently returned from a Gulf country and was also diagnosed with the…
Islamabad, Feb 25: The State Bank of Pakistan (SBP) has granted a license to Wemsol Private Limited to operate as an Electronic Money Institution (EMI), expanding the country’s digital financial ecosystem. With this approval, Wemsol will offer e-money wallet and payment gateway solutions to consumers and merchants, further strengthening Pakistan’s digital payments infrastructure. This latest licensing brings the total number of EMIs in commercial operation to six, including NayaPay, Finja, SadaPay, Akhtar Fuiou Technologies, E-Processing Systems, and now Wemsol. Additionally, HubPay Private Limited is currently in its pilot phase, while three other entities YAP Pakistan, Cerisma, and Toko Lab have…
