Islamabad, Nov 4: SOT 2024 Karachi AI Summit Opens to Explore the Role of Artificial Intelligence in Shaping Tomorrow The Beach Luxury Hotel in Karachi hosted the opening of the seventeenth SOT Events, which was coordinated by Beaconhouse. The two-day event this year is focused on the future and is called “Guardians of the Future: Shaping Tomorrow with Generative AI.” SOT Events has been at the forefront of discussions that influence society’s future for the last 24 years. The 16th edition, published in 2023, focused on the world-changing potential of generative artificial intelligence (AI) and its profound effects. This year,…
Author: Mawadat Fatima
Islamabad, Nov 4: Pakistan Stock Exchange Hits Record 92,000 On Monday, the Pakistan Stock Exchange (PSX) surged to all-time highs, breaking beyond the 92,000-point barrier for the first time. The KSE-100 Index broke its previous intraday record of 91,872 points and increased by 1,022 points to hit an all-time high of 91,881 points. A leading market expert said, “Today’s performance on the stock exchange is historic and indicates a strong outlook for investors.” “In the upcoming days, we might witness additional upward momentum if economic indicators stay stable.” With a notable positive trend that saw the benchmark index increase by…
Islamabad, Nov 4: Lahore Air Pollution Hits Unprecedented Levels as City Struggles for Clean Air The average air quality rate in Lahore being reported lesser than the previous day, still the smog level is alarming, and the city has been among the list of the most polluted cities of the world. The Air Quality Index (AQI) reading recorded 537 as DHA area of the city has been most affected from the air pollution with AQI reading 777. The provincial government declared on Sunday that Lahore’s primary schools will be closed for a week in order to protect the youngsters from…
Islamabad, Nov 4: With the new IMF program, Pakistan’s economy is steadily stabilizing as fiscal accounts are consolidating, inflation is steeply declining, and external accounts are showing significant improvement. However, Topline Securities stated in research that growth is anticipated to stay moderate due to slower expansion in agriculture. According to the Governor State Bank’s statement in one of the analyst conferences, Pakistan’s external repayments (net of rollover and refinances) are anticipated to reach US$ 10 billion for FY25. The gross financing demand (net of rollover/refinances) is anticipated to be US$ 11.3 billion, a manageable sum, given the projected US$ 1.3…
Islamabad, Nov 4: Pakistani Airline Launches Direct Flights to Saudi Arabia with New Weekly Service Weekly flights from Islamabad to Riyadh have been launched by Air Sial, and flights from Lahore to the Saudi capital are soon to follow. Air Sial said in a news release on Sunday that the Pakistani airline has started operating two weekly flights from Islamabad to Riyadh. The administration also disclosed that there will soon be flights from Lahore. In addition, Pakistan’s Welfare Attaché, Rana Muhammad Masoom, officially opened Air Sial’s regional office in Riyadh on Thursday. The ceremony was attended by the airline’s regional…
Islamabad, Nov 4: Cotton Import Bill to Rise 3.9x in FY25 as Local Production Falls by 37% As of October 31, 2024, Pakistan received 4.29 million bales of cotton, a 37 percent decrease year-over-year (YoY) from 6.79 million bales the previous year. Due to limited production, Arif Habib Limited predicts that the cost of importing cotton will increase by 3.9 times during the current fiscal year. Poor farmer economics and postponed cotton crop sowing have been blamed for the decline in cotton arrivals. 205,000 tons, or 1.2 million bales, were imported by the nation last year, totaling $448 million. There…
Islamabad, Nov 4: Pakistan Fall to Sri Lanka in Sixes Final Sri Lanka won the 2024 title after defeating Pakistan by three wickets in the Hong Kong International Sixes Final. After an incredible competition, Pakistan was unable to get going in the summit match as the Sri Lankan squad reached the finish line with six balls remaining, chasing a modest goal of 73 runs. Lihuru Madhusanka, the captain of Sri Lanka, chose to bowl first after winning the toss, and it worked out well because his bowlers shut down Pakistan’s batting order. Muhammad Akhlaq scored a heroic 48 runs off…
Islamabad, Nov 4: Currently the federal government has suggested the reforms the Act pertaining to the State Bank of Pakistan (SBP) for legalizing digital currencies in the nation. The intended changes will open the way to using digital currencies, such as cryptocurrencies, for payments. Approved steps could go as far as making these flagship coins like Bitcoin legally recognized. The proposed amendments also provide legal grounds to the SBP to issue and control the digital currency in any form; physical and digital. New sections for licensing and recognizing digital currencies as legal tender under the authority of the central bank…
Islamabad, Nov 4: This is a much bigger fight between smartphones with the new Samsung Galaxy S24 and Samsung Galaxy S24 FE. As people are more and more expecting the products from Samsung, these models are interesting novelties at various level of price which may be of interest with different types of consumers. However, where you are left is to decide which of the two phones branded Galaxy S24 to go for and this post will assist in the process. Who is the better between Samsung Galaxy S24 and Samsung Galaxy S24 FE? You will find the answer in this…
Islamabad, Nov 4: Higher liquefied natural gas (LNG) sales helped offset a steep decline in oil refining and trading earnings, resulting in Shell petrol reporting third-quarter profits of $6 billion on Thursday, a 12% increase over projections. Together with a decrease in debt and robust cash flow, the outcomes may increase investor trust in CEO Wael Sawan’s plans to improve the company’s performance by the end of 2025 while concentrating on its most lucrative ventures, which are mostly in the oil, gas, and biofuels industries. In the face of declining economic activity and the opening of multiple new refineries in…
