Indian denies visas to 118 Pakistanis for Khusrau’s urs
LAHORE: India has turned down the visa applications of 118 Pakistanis who wanted to participate in the upcoming annual urs celebrations of Hazrat Amir Khusrau and only 80 others on Thursday were allowed to enter the neighbouring country to attend the event. The federal religious affairs ministry had submitted a total of 198 visa applications […]
South Korea launches nanosatellite from New Zealand
ANKARA: South Korea on Wednesday launched its nanosatellite into orbit as part of its project to create a satellite constellation by 2027, local media reported. The Earth observation satellite lifted off aboard Rocket Lab’s Electron rocket from a spaceport in Mahia, New Zealand, Seoul-based Yonhap News Agency reported, citing a Ministry of Science and ICT […]
Norman says McIlroy welcome on LIV Tour, but denies any offer
ADELAIDE: LIV Golf boss Greg Norman denied Wednesday making any financial offer for Rory McIlroy to jump ship from the PGA Tour, but said he was happy to “have a conversation”. A report in Britain last week said McIlroy — a long-time critic of the upstart Saudi circuit — was poised to switch to LIV […]
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
BEIJING: Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence chips through resellers, despite the US widening a ban last year on the sale of such technology to China. A Reuters review of hundreds of tender documents shows 10 Chinese entities acquired advanced Nvidia chips embedded in server products made by Super Micro […]
PIF, STC to form region’s biggest telecom tower firm
DUBAI: Saudi Arabia’s sovereign wealth fund PIF has agreed to buy a 51% stake in Telecommunication Towers Company Ltd (TAWAL) from STC Group, paving the way for the creation of the region’s largest telecom tower company, PIF and STC said on Monday. Under the agreement, PIF and STC will combine TAWAL and Golden Lattice Investment […]
Forex reserves to reach $9 to $10 billion by end June
ISLAMABAD: Finance Minister Muhammad Aurangzeb announced on Tuesday that Pakistan’s foreign exchange reserves were projected to reach “anywhere between $9 to $10 billion” by the end of June. Speaking at the opening session of the seventh ‘Leaders in Islamabad Business Summit’, he expressed confidence that the expected reserves would signify a significant improvement compared to […]
Robust corporate results send PSX to record
KARACHI: Pakistan Stock Exchange (PSX) on Monday rose to a fresh record high during the corporate earnings announcement season, fueled by robust financial results and anticipation ahead of the State Bank of Pakistan’s (SBP) monetary policy announcement on April 29. In the morning, trading commenced at the intra-day low of 70,882.44 points, but soon the […]
SC grapples with unprecedented caseload
ISLAMABAD: The Supreme Court finds itself grappling with an unprecedented caseload and a historic high in the country’s judicial history, with the backlog swelling over the past three months. In the initial tenure of Chief Justice of Pakistan (CJP) Qazi Faez Isa, the apex court witnessed a commendable reduction in pending cases during the first […]