State-owned enterprises have incurred a massive loss of Rs851.37 billion over the past two years, bringing their total cumulative deficit to Rs5.748 trillion. According to the performance report for FY 2023-24, the National Highway Authority recorded the highest loss at Rs295.58 billion. Quetta Electric Supply Company reported a loss of Rs120.45 billion, while Peshawar Electric Supply Company faced a deficit of Rs88.72 billion. Pakistan International Airlines (PIA) recorded a loss of Rs73.59 billion, whereas Pakistan Railways suffered losses amounting to Rs51.37 billion. Losses in Other State-Owned Enterprises Sukkur Electric Power Company reported a loss of Rs37 billion, while Lahore Electric…
Author: Web Desk
Finance Minister Muhammad Aurangzeb held a significant meeting with a delegation of World Bank Executive Directors, outlining the government’s ongoing economic reforms and their positive impact on Pakistan’s financial stability. The World Bank delegation praised Pakistan’s reform agenda, recognizing its role in improving economic indicators. During the meeting, both sides discussed Pakistan’s economic landscape and the ongoing structural reforms. Finance Minister Aurangzeb welcomed the delegation and appreciated the World Bank’s continued economic cooperation with Pakistan. Long-Term Partnership and Development Goals According to the Ministry of Finance, the discussions focused on the Country Partnership Framework (2026-35), a long-term strategy aligning Pakistan’s…
The stock market maintained its upward momentum, supported by strong corporate earnings that bolstered investor confidence. The benchmark KSE-100 index surged 941 points intraday before closing at 113,342 points, marking a 253-point gain (0.22%) by the end of the session. According to Topline’s market report, “Investor sentiment remained positive, with better-than-expected corporate results sparking fresh buying across multiple sectors.” The market rally was driven by FFC, BAHL, MTL, SYS, and KOHC, which collectively added 433 points to the index. However, UBL, LUCK, HUBC, HBL, PPL, and OGDC weighed on the market, erasing 619 points from the gains. Trading activity remained…
A growing number of lawyers in the United States are facing judicial scrutiny for submitting court filings containing fabricated legal citations generated by artificial intelligence (AI). This trend raises serious concerns about unverified AI use in legal practice. Latest Case: AI-Generated Mistakes in Walmart Lawsuit The most recent case involves two attorneys who may face sanctions after a Wyoming federal judge discovered false legal citations in a lawsuit against Walmart. One of the lawyers admitted to using an AI tool that produced incorrect references, calling it an “inadvertent mistake.” Following this, Morgan & Morgan, a major personal injury law firm,…
Samsung has rolled out a new Math Solver feature in its Samsung Notes app, offering students an easy way to solve mathematical equations. Instant Math Solutions According to SamMobile, the update allows students to solve basic arithmetic, trigonometry, logarithmic problems, and other calculations directly in the app. Students can write an equation and add an equal sign (=), and Math Solver will instantly provide the correct answer. How It Differs from Apple’s Math Solver Unlike Apple’s Math Solver, Samsung’s version does not support graph formulation. Supported Devices The feature is exclusive to Samsung devices that support the S Pen, including:✅…
Apple has expanded its iPhone 16 lineup with a new budget-friendly smartphone, the iPhone 16e, featuring an in-house A18 chip. Affordable Yet Powerful On Wednesday, February 19, 2025, Apple announced the iPhone 16e, offering an affordable price without compromising on performance. 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 the latest-generation A18 chip, an innovative 2-in-1 camera system, and Apple Intelligence.” He further expressed excitement about the iPhone 16e, saying that it completes the lineup…
Apple’s iPhone 17 series has been making headlines with fresh design leaks, showcasing major differences between iPhone 17, iPhone 17 Air, and iPhone 17 Pro. iPhone 17 Air vs. iPhone 17 Pro: Distinct Camera Designs Recent leaks indicate: iPhone 17 Air will feature a single-camera visor, similar to older Google Pixel models. iPhone 17 Pro will adopt a Poco X6 and Poco X6 Pro-inspired camera layout. iPhone 17 Pro Max is expected to be a larger version of the iPhone 17 Pro, following Apple’s usual approach. iPhone 17 vs. iPhone 16: What’s Changing? Interestingly, the standard iPhone 17 may not…
After weeks of speculation and rumors, Xiaomi has finally confirmed the global launch date of its highly anticipated flagship smartphone, Xiaomi 15 Ultra. The device will be unveiled worldwide on March 2, 2025, just a day before Mobile World Congress (MWC) 2025 kicks off in Barcelona, Spain. Global Launch Details While Xiaomi has announced the global debut, the exact China launch date remains unconfirmed. However, leaks suggest that February 26, 2025, is the likely launch date for China. The Xiaomi 15 (standard model) will be available globally, while the Pro variant will remain exclusive to China. Redefining Mobile Photography The…
Former Indian cricketer Aakash Chopra praised New Zealand for dismantling hosts Pakistan in the opening match of the Champions Trophy at Karachi Stadium on Wednesday. Taking to X (formerly Twitter), Chopra lauded the Black Caps’ performance, stating: “Always the team to beat in ICC events.” He further added: “To be honest, they have the team to play the finals this Champions Trophy too.” In another tweet, Chopra questioned: “How was the required run rate allowed to climb to nearly 10 an over with half the game left?”
Manchester United have confirmed spending a total of £14.5 million ($18.3 million) on sacking manager Erik Ten Hag, sporting director Dan Ashworth, and other football staff, according to the club’s latest financial results released on Wednesday. This sum is listed under “exceptional items” in the financial results for the quarter ending December 31. The 20-time Premier League champions continue to struggle this season, sitting in 15th place in the league table following a 1-0 defeat against Tottenham on Sunday. The club remains just ahead of West Ham and Wolves, both near the relegation zone. The decision to dismiss Ten Hag…
