HeadlinesSTZA licensees required to use PSW for concessionary regime clearance
The Federal Board of Revenue mandates Special Technology Zones Authority (STZA) licensees to clear imported consignments through Pakistan Single Window (PSW) system, with strict compliance rules
Feb 12, 2025
HeadlinesGovt eliminates nearly 12,000 jobs in effort to streamline public sector
Under the new rightsizing policy, the federal government cuts over 11,800 positions to reduce costs and enhance the efficiency of federal ministries and institutions.
Feb 12, 2025
World Business NewsElon Musk questions law firms opposing Trump’s federal funding cuts
The lawsuit, filed in Boston by 22 Democratic attorneys general, challenges reductions imposed by the National Institutes of Health
Feb 12, 2025
TechAlphabet CEO Sundar Pichai praises China’s DeepSeek AI
Alphabet remains a leading player in AI but recognized that other companies, including DeepSeek, are making significant progress, says Pichai
Feb 12, 2025
TechAdobe launches Firefly Video AI to compete with OpenAI and Runway
Adobe offers 20 clips for $9.99 and 70 for $29.99, while OpenAI charges $20 for 50 lower-resolution videos and $200 for longer, high-resolution content
Feb 12, 2025
TechOpenAI denies using Indian media content to train ChatGPT in court filing
The company defends its practices, asserting that it builds AI models using publicly available data under fair use principles
Feb 12, 2025
HeadlinesUnited Motors prepares to introduce Jetour’s premium SUVs
United Motors will reveal pricing and official launch details by the end of the month
Feb 12, 2025
HeadlinesDRAP resists move to classify infant formula as food items
The Senate Standing Committee directs DRAP to ensure infant formula ads warn that powdered milk is not a substitute for breast milk
Feb 12, 2025
HeadlinesPakistan, Bangladesh to launch passenger, cargo shipping services
Maritime initiative aims to enhance trade, travel, and bilateral ties
Feb 12, 2025
World Business NewsTrump’s crypto company unveils token reserve to stabilize digital assets
The announcement follows Donald Trump Jr.’s talk at the Ondo Summit on bridging crypto and retail investors
Feb 12, 2025
World Business NewsOil prices drop 1% as U.S. crude stockpiles rise by 9.4 million barrels
The decline follows three consecutive sessions of gains, during which Brent rose 3.6% and WTI gained 3.7%
Feb 12, 2025
HeadlinesPFVA proposes tariff reforms to lower costs and support exports
The recommendations include higher taxes on finished goods and lower duties on raw materials, particularly for packaging and essential imports
Feb 12, 2025