The stock market recorded modest gains on Wednesday, driven by strong foreign investment inflows, rising global crude oil prices, and heightened expectations of further monetary easing by the State Bank of Pakistan (SBP). The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index rose by 253.96 points (0.22%) to close at 113,342.43, up from its previous close of 113,088.47. The index touched an intraday high of 114,029.75, while the session’s lowest level was recorded at 113,060.25. “World Bank (WB) support for the privatization of state-owned enterprises (SOEs), a pledge of over $40 billion in investment, and WB’s praise for the government’s commitment…
Author: Web Desk
Islamabad: The federal government has taken notice of the unauthorized salary hike by the National Electric Power Regulatory Authority (NEPRA) and has issued a show-cause notice, seeking clarification on the decision to increase salaries without cabinet approval. During a meeting of the Senate Standing Committee on Cabinet Secretariat, chaired by Rana Mahmood-ul-Hassan, government officials confirmed that NEPRA had been served the notice over the unauthorized salary hike. The chairman and members of the national power regulatory authority had nearly tripled their salaries without obtaining the necessary approval from the federal cabinet. According to sources, any salary increase requires cabinet approval,…
Microsoft has unveiled its first quantum computing chip, Majorana 1, which could bring the tech industry closer to the era of quantum computers. What is a Quantum Computing Chip? A quantum chip is a small hardware component that processes information and performs calculations using quantum mechanics principles. This makes it significantly faster and more powerful than traditional chips. This breakthrough comes after nearly two decades of research, as Microsoft revealed that creating Majorana 1 required the formation of an entirely new state of matter, called a “topological state.” A New State of Matter: Topological State A topological state is a…
Prime Minister Shehbaz Sharif announced on Wednesday that the government is actively working towards regulating digital currencies, recognizing their increasing role in the global financial system. Digital Currency Regulation Under Review During a meeting of the Economic Advisory Council (EAC), the prime minister stated that consultations are ongoing to evaluate both the benefits and risks associated with digital currencies. A source from the Prime Minister’s Office (PMO) revealed that Mr. Shehbaz believes the world is shifting towards digital transactions, making it crucial for Pakistan to proceed with caution before implementing regulations. Government’s Economic Strategy EAC members expressed confidence in the…
Apple has officially restructured its budget iPhone lineup by replacing the iPhone SE with the more powerful iPhone 16e. This new model is a full-fledged member of the iPhone 16 family, featuring Apple Intelligence capabilities and the company’s first in-house C1 modem. Apple Intelligence Comes to Budget iPhones The iPhone 16e is the first budget-range device to support Apple Intelligence, giving it an edge over the iPhone 14 despite having a similar design. The phone is powered by Apple’s latest A18 chip, ensuring seamless performance for all AI-powered features in iOS 18. Advanced Camera System & Display The iPhone 16e…
On Wednesday, February 19, 2025, Apple announced a new addition to its iPhone 16 lineup by launching the budget-friendly yet powerful iPhone 16e. The latest affordable iPhone features an A18 chip and the new Apple C1, a 48MP Fusion camera, and is built with Apple Intelligence. Some standout features that work without cellular or Wi-Fi coverage include Emergency SOS, Roadside Assistance, Messages, and Find My via satellite. Apple’s Vice President of Worldwide iPhone Product Marketing, Kaiann Drance, stated, “iPhone 16e packs in the features our users love about the iPhone 16 lineup, including breakthrough battery life, fast performance powered by…
According to CNN, Egypt’s Ministry of Tourism and Antiquities has announced the discovery of the tomb of an ancient king who reigned between 2000 and 1001 BCE during a joint Egyptian-British archaeological mission. The tomb of King Thutmose II was unearthed approximately 2.4 kilometers (1.5 miles) west of the Valley of Kings in Luxor, Egypt. Mohammad Ismail Khaled, secretary general of the Supreme Council of Antiquities, stated that the tomb’s entrance and main corridor were initially discovered in 2022. At that time, it was believed to belong to one of the wives of the kings, possibly Queen Hatshepsut or the…
Real Madrid boss Carlo Ancelotti has predicted that Kylian Mbappe could reach Cristiano Ronaldo’s level, especially after his hat-trick against Manchester City. According to Euro Sports, Mbappe shattered Manchester City’s dream of winning the UEFA Champions League after scoring a brilliant hat-trick in the knockout round. Real Madrid qualified for the round of 16 after defeating Manchester City 3-1 on Wednesday, February 19, 2025, at Santiago Bernabéu, Madrid, Spain. Following the 26-year-old’s much-anticipated hat-trick, Ancelotti said in the post-match press conference, “Mbappe has the quality to reach Cristiano’s level. He has to work hard because Ronaldo has set the bar…
Los Angeles faced an unexpected loss against the Charlotte Hornets, as LaMelo Ball dominated the game with 27 points, leading the Hornets to a 100-97 victory. As reported by BBC, the match on Thursday was rescheduled due to the wildfires in LA and was the first game since the All-Star break. Fans witnessed the Lakers’ new duo, LeBron James and Luka Doncic, struggling on the court in their third appearance together since the shocking trade of the 25-year-old from the Dallas Mavericks. Meanwhile, the Hornets had several key players contributing to their victory, including Miles Bridges, who led the scoring…
Real Madrid’s star Kylian Mbappé destroyed Manchester City in the second leg of their Champions League play-off, securing a 3-1 victory. As reported by BBC, the French striker netted three goals at Santiago Bernabeu on Wednesday, bringing an end to Manchester City’s Champions League journey. Pep Guardiola’s team suffered yet another crushing defeat, struggling with poor performance due to several injuries throughout the season. Mbappé showed no mercy against the English team, making his way across the field with sharp movements and blistering pace, proving too much for City’s defense to handle. The No. 9 had faced heavy criticism from…
