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 […]
Iranian President Raisi reaches Lahore, visits Iqbal’s mausoleum
Iranian President Ebrahim Raisi reached Lahore on Tuesday on the second day of his official visit to Pakistan. The Iranian president and his delegation was received at the airport by Punjab Chief Minister Maryam Nawaz. This is the first visit by a foreign head of state since the new government took power following the February […]
US rights report on India cites abuses in Manipur, harassment of media and minorities
WASHINGTON: The US State Department’s annual human rights assessment found “significant” abuses in India’s northeastern Manipur state last year and attacks on minorities, journalists, and dissenting voices in the rest of the country. Manipur has seen fierce fighting between its tribal Kuki-Zo and majority Meitei populations after a court order a year ago suggested the […]
Court grants Aleema interim bail in prayer gathering case
ISLAMABAD: A sessions court in Islamabad granted interim bail on Tuesday to PTI founder Imran Khan’s sister Aleema Khan, in a case lodged in response to a prayer gathering arranged in Ramazan for the former premier’s release. The PTI held a special prayer gathering in Ramazan for Imran’s release in what the party terms as ‘bogus’ […]