Islamabad, Dec 6: Mode Mobility has introduced the C320 First Edition electric motorcycle, designed to address the limitations of foreign-sourced alternatives and offer a viable solution for urban commuters in Pakistan. The C-Series stands out as a locally engineered, sustainable, and cost-effective electric two-wheeler, marking a significant step in transforming Pakistan’s urban mobility landscape. Key Features: Local Sourcing & Sustainable Manufacturing: The C320 is entirely designed and manufactured in Pakistan, showcasing the potential of local engineers and resources. Mode Mobility’s founders, with a background in automotive design and racing, created a product that combines functionality with local expertise. Power and…
Author: Mawadat Fatima
Islamabad, Dec 6: OpenAI has launched ChatGPT Pro, a new subscription tier for its popular generative AI chatbot, priced at $200 per month. This version is aimed at users in engineering and research fields, providing access to more advanced features and tools. Key Features of ChatGPT Pro: Advanced Models: ChatGPT Pro users gain unlimited access to advanced OpenAI tools, including the o1 reasoning model, o1 mini, GPT-4o, and advanced voice capabilities. Enhanced Performance: The o1 pro mode, which uses additional computing power, allows for solving more complex queries and demonstrates better performance on machine learning benchmarks, especially in math, science,…
Islamabad, Dec 6: The Pakistan Stock Exchange (PSX) continued its record-breaking rally on Friday, surpassing the 109,000-point milestone. This surge in the market was fueled by strong macroeconomic fundamentals, including a rise in foreign reserves, a significant drop in inflation, and growing optimism ahead of anticipated monetary policy changes. Key Highlights: PSX KSE-100 Index: The index rose by 1,239.12 points, or 1.14%, reaching a new intraday high of 109,478.08 points. Recent Growth: This marks another major achievement, following the crossing of the 100,000-point mark just a week ago. Driving Factors: Macroeconomic Factors: Pakistan’s foreign reserves reached $16.6 billion as of…
Islamabad, Dec 6: Pakistani authorities have discovered a significant data theft operation involving Android apps that specifically target government officials. The National Computer Emergency Response Team (CERT) has issued an advisory alerting users about suspicious apps available on the Google Play Store that are designed to steal personal and financial data from unsuspecting individuals. Key Details of the Operation: Target: The apps primarily focus on stealing data from Pakistani government officials. How it Works: Many users unknowingly grant these apps access to sensitive information, as they consent to the required permissions. Risk: The apps exploit the trust of users to…
Islamabad, Dec 6: New research reveals that parts of Antarctica, particularly along the Antarctic Peninsula, are turning green at an alarming rate due to extreme heat events. Scientists analyzed satellite data to track vegetation levels, discovering a dramatic increase in plant life, primarily mosses, over the past four decades. Key Findings: 1986-2021: Vegetation on the Antarctic Peninsula grew from less than 0.4 square miles to nearly 5 square miles. Speed of Change: The greening process accelerated by more than 30% between 2016 and 2021. Remote Landscape: While most of the region remains covered by ice, snow, and rock, the growing…
Islamabad, Dec 6: Pakistan’s Ministry of Finance has outlined a plan to reduce the country’s inflation rate to 7% by 2027, according to a report by ARY News. The report projects a steady decline in inflation over the next few years. Inflation Reduction Goals 2025: Inflation is expected to decrease from 23.4% to 12%. 2026: The rate will further drop to 7.5%. 2027: The target is to bring inflation down to 7%. Economic Growth Projections The Ministry of Finance also forecasts an increase in the country’s economic growth, projecting it to rise from 3.6% to 5.5% by 2027. Additionally, Pakistan…
Islamabad, Dec 6: The World Bank has successfully raised nearly $24 billion to provide loans and grants for the world’s poorest nations, leveraging this amount to generate a record $100 billion in total spending power. This funding was committed by donor countries to replenish the International Development Association (IDA), the Bank’s concessional lending arm, marking a slight increase from the previous round three years ago. Key Highlights: Total Raised: $23.7 billion in commitments from donor countries. Leverage: The Bank can borrow on financial markets, unlocking around $100 billion in new loans and grants. Use of Funds: This money will support…
Islamabad, Dec 6: Cricket enthusiasts in Rawalpindi are in for a treat as the city prepares to host the Champions T20 Cup matches at Rawalpindi Stadium. The Pakistan Cricket Board (PCB) has announced that entry to the Premium Enclosures will be free for all matches, bringing fans closer to the action. Key Details: Free entry to the Premium Enclosures as part of the PCB’s initiative to make cricket more accessible. Tickets for other enclosures are available for purchase online via the PCB’s official ticketing platform or at TCS Express Centers. The PCB aims to streamline ticketing for a seamless fan…
Islamabad, Dec 6: The Pakistan Telecommunications Authority (PTA) and the National Computer Emergency Response Team (NCERT) have signed a Memorandum of Understanding (MoU) to bolster collaboration in cybersecurity and safeguard Pakistan’s digital infrastructure. The agreement aims to enhance resilience against evolving cyber threats while ensuring a secure digital ecosystem. Key Highlights: The MoU focuses on coordinated efforts to address cyber risks, particularly in critical sectors. PTA Chairman emphasized the importance of securing communication networks and IT infrastructure through collaboration. Dr. Haider Abbas, Director-General NCERT, highlighted the need for a unified response to growing cyber challenges. Recent Cybersecurity Concerns: The announcement…
Islamabad, Dec 6: Ahsan Iqbal, Minister for Planning, Development, and Special Initiatives, chaired a meeting with the Public-Private Partnership Authority (P3A) to review progress on key projects. He directed the Aviation Ministry to expedite the outsourcing of operations at Islamabad, Lahore, and Karachi airports. Airport Outsourcing: Islamabad Airport: Bids under evaluation by the Pakistan Airports Authority’s Technical Evaluation Committee. Lahore & Karachi Airports: Due diligence reports submitted to P3A. Talks are underway with a UAE-based company for Lahore Airport. Additionally, the Civil Aviation Authority has paused Lahore airport’s expansion following the prime minister’s directive. Foreign Investment Agenda: The minister tasked…
