ISLAMABAD, JULY 29: The US government is trying to construct the fastest computer in history, with the Department of Energy (DOE) leading the race. Their goal is to defeat Frontier, their record-breaking apparatus. By the end of 2027 or the beginning of 2028, the next supercomputer, named Discovery, should be completed and three to five times faster than Frontier. Currently residing at Oak Ridge National Laboratory is Frontier, the champion. With 8,699,904 cores, this beast can process data at an astounding 1.3 ExaFLOPS. Since May 2022, it has held the top spot. However, the US is aiming for Discovery,…
Author: Mawadat Fatima
ISLAMABAD, JULY 29: Today in the Finance Division, the Chairman of the Prime Minister’s Youth Program, Rana Mashood Ahmad Khan, met with Senator Muhammad Aurangzeb, the federal minister for finance and revenue. An outline of the Prime Minister’s young Business and Agriculture Loan Scheme was given by Rana Mashhood Ahmad Khan. This program encourages young entrepreneurship by offering business loans through Commercial, Islamic, and SME banks on easy terms with lower markups. Aurangzeb appreciated the program and recognized it as a valuable scheme for supporting small and medium enterprises (SMEs). He expressed support for the initiative, highlighting its role in…
ISLAMBAD JULY29: Major Chinese phone manufacturer Vivo has said that it would begin producing mixed reality (MR) headsets in 2025. This follows the company’s discussion at the recent Imaging Festival in China about the direction of phone cameras. After stating earlier this year that MR is the upcoming great thing in mobile technology, Vivo’s vice president Hu Baishan has officially revealed the company’s plans to release its first MR headgear. Vivo is hardly a newcomer to the world of designer eyewear. In 2019, they released its first AR glasses, which required a 5G phone in order to function. Like Apple’s…
ISLAMBAD JULY 29: The upcoming September release of the new iPhones won’t coincide with the completion of Apple’s new AI features, dubbed Apple Intelligence. it will be included in a software update that launches in October. This week, Apple will release fresh test versions of its iPhone and iPad software to software developers, giving them a first peek at this AI technology. Only more recent Apple devices with powerful CPUs, like the A17 and M series, will be able to use the AI. Apple’s new AI features will also work on some older iPhones and iPads. But there’s bad news…
ISLAMBAD JULY29: Pakistan’s imports from China increased by 24% in FY24, the fiscal year that follows 2023–2024. With $14.51 billion in imports from China in FY24, Pakistan’s imports from China increased by 24% over the previous fiscal year. However, Pakistan’s exports to China were a pitiful $2.56 billion in FY24, indicating a distinct advantage China had in bilateral commerce. Pakistan’s largest export market was the US, where exports brought in $5.29 billion for the nation. Still, compared to FY23, exports to the US increased by just 0.9 percent in FY24. Conversely, the United States’ imports fell by 28% to a…
ISLAMBAD JULY 29: In the fiscal year 2023–2024, foreign corporations repatriated $2,215 million in earnings and dividends, a 6.7x YoY increase from $331 million during the same time the previous year. As a result of the backlog being cleared, Arif Habib Limited (AHL) claims that this is the largest profit and dividend repatriation seen since FY18. This was the biggest repatriation high in the previous six years. During June 2024, the repatriation of profits and dividends in Pakistan increased by 23.1x YoY to 414.5 million. The Financial Business sector had the highest payments on total foreign investments, totaling $638.6 million…
ISLAMABAD JULY29: A significant foreign business has extended an offer to Waves Home Appliances Limited for a joint venture and strategic partnership. The business notified the Pakistan Stock Exchange (PSX) on Monday that it has started talks to create a complete business model. In light of this, the company has started a dialogue to create a thorough business plan that addresses a number of issues, including the supply of engineering staff and technical know-how, the company’s use of its brand name in both domestic and international markets, a structure for management sharing, and the amount of capital to be invested.…
ISLAMABAD JULY 29: Pakistani pacer Hasan Ali faces a race against time as he grapples with a severe elbow injury that has significantly hindered his performances on the field recently. The injury, which has troubled him for an extended period, has now reached a critical stage, impacting his ability to even participate in key matches. Sources within the cricket community have disclosed that Hasan Ali’s elbow condition hampered his ability to complete games during his tenure with Warwickshire County in England. Despite his determined efforts, the pain and discomfort have severely restricted his on-field performance. In response to this ongoing…
ISLAMABAD JULY29: Many of Xiaomi’s older phones, including some of its best-selling models, are no longer receiving software upgrades. The smartphone End-Of-Life (EOL) list, which indicates which devices will no longer get support, has been updated by the firm. Names from a number of its brands, including Xiaomi, Redmi, and Poco, are on this EOL list. It also includes the names of well-known devices like the Redmi Note 10 and Xiaomi Mi 10 series. Thus, these devices will no longer get security updates or new features. Xiaomi has discontinued support for a number of phones, including the Mi 10S, Mi…
ISLAMABAD JULY29: Concerns over the Ministry of IT and Telecom’s (MoIT&T) rightsizing have been voiced by telecom providers. In a letter to Shaza Fatima Khawaja, Minister of State for IT and Telecom, the Telecom Operators Association expressed their concerns and emphasized the ministry’s critical role in establishing telecom sector policy. They contend that the IT and telecom industries, as well as Digital Pakistan, would suffer if the ministry was dissolved. As per the correspondence, MoIT&T plays a crucial part in the sector’s governance framework, adhering to worldwide industry standards and Pakistan’s WTO obligations. The ministry has been in charge of…
