World Business NewsOil prices stable despite potential easing of Russian sanctions
Brent crude futures edge lower by 0.11% to $74.66 a barrel, while U.S. West Texas Intermediate crude drops by 0.07% to $70.69
Feb 17, 2025
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World Business News
TechSouth Korea suspends new downloads of DeepSeek AI app over privacy issues
The suspension applies to new downloads of the app, although its web service remains accessible in the country
Feb 17, 2025
TechMicrosoft to invest $700 million in Poland’s AI and cybersecurity
Investing in Poland is driven by recent progress and the promising future it enables, says Microsoft President
Feb 17, 2025
TechSouth Korea to acquire 10,000 GPUs to stay competitive in global AI race
The government aims to secure GPUs through public-private cooperation to launch services at its national AI computing centre
Feb 17, 2025
HeadlinesEngro Polymer & Chemicals launches Rs 11.7 billion hydrogen peroxide plant
The new plant, with a 28,000-ton capacity, reduces Pakistan's reliance on imported hydrogen peroxide, saving USD 11 million
Feb 17, 2025
HeadlinesWorld Bank delegation arrives in Pakistan after two decades
High-powered team to review $ 40 bn economic framework, assess development initiatives
Feb 17, 2025
HeadlinesConstruction firms challenge Rs 120bn contract awards for Carec Tranche-III
NHA faces scrutiny over awarding all four highway sections to a single Chinese firm
Feb 17, 2025
HeadlinesNepra officials grant themselves salary hikes up to Rs3.25mn without federal approval
Regulatory authority’s chairperson and members increase their pay up to four times, surpassing superior court judges' salaries
Feb 17, 2025
HeadlinesIMF, govt to discuss energy tariff subsidies and green transport levy
Meeting to review targeted power subsidies via BISP, quarterly gas price adjustments, and additional levies on fossil-fuel vehicles
Feb 17, 2025
HeadlinesFBR revises territorial jurisdiction for property tax collection in Karachi
Advance income tax on property transactions now monitored by RTO-1 across multiple city districts
Feb 17, 2025
HeadlinesGovt extends Point-of-Sale system to AJK businesses to enhance tax transparency
POS system launched in Mirpur; aims to digitise transactions, minimize tax evasion, and modernize the taxation framework
Feb 17, 2025
HeadlinesKarachi consumers denied full power tariff relief
Both Nepra and K-Electric criticized for failing to pass on significant reductions to consumers
Feb 16, 2025