Pakistan’s foreign exchange reserves are nearing the government’s $18 billion target for FY26, but a widening trade deficit, mounting external payment obligations and pressure on the rupee are raising concerns about the country’s economic stability, PTI reported.Data released by the State Bank of Pakistan (SBP) showed the country’s foreign exchange reserves increased by $43 million…
BJP National General Secretary Tarun Chugh visited Gurdwara Sri Bangla Sahib in New Delhi on Wednesday and offered prayers for Prime Minister Narendra Modi, marking the completion of 12 years of his tenure and his emergence as India’s longest continuously serving elected prime minister.Chugh offered prayers for the Prime Minister’s health and continued leadership, while…
NEW DELHI: The increase in pump prices by around Rs 5 a litre is only a dent to under-recovery given that oil companies are still losing Rs 13 a litre on petrol and Rs 38 on diesel, without factoring in taxes, resulting in heightened pressure on the states to lower VAT, which is as high…
BlackRock CEO Larry Fink has pushed back against growing concerns of an artificial intelligence (AI) bubble. He has stated that the industry is instead facing a shortage of computing capacity, chips, and memory. Speaking at the Milken Institute Global Conference in Beverly Hills, Fink said demand for AI infrastructure is outpacing supply at an unexpected…
MUMBAI: Indian shares rose to a two-week high on Monday as signs of progress in US-Iran peace talks pushed oil prices lower and boosted investor appetite for risk assets.US President Donald Trump said on Saturday that Washington and Iran had “largely negotiated” an MoU on a peace deal that would reopen the Strait of Hormuz,…
Micron Technology is putting $250 million into Trump Accounts, the government’s new savings scheme for American children, days before the program opens for contributions on July 4. President Donald Trump called it the “biggest corporate investment of its kind,” praising CEO Sanjay Mehrotra on Truth Social for a move he says will make “millions of…
Goldman Sachs’ top economist, Joseph Briggs has warned that AI adoption could displace about 9% of the US workforce which roughly accounts to 15 millions workers. According to a report by Business Insider, speaking on the bank’s Exchanges podcast, Briggs compared the disruption to the tech-driven upheaval of the late 1990s and early 2000s, noting…
A 108 ambulance staffer in Katni district allegedly extorted money from a critically injured road accident victim’s family and forced a female relative to clean the ambulance. JABALPUR: A disturbing incident from Katni district has triggered outrage after a 108 ambulance staffer allegedly took money from the family of a critically injured road accident victim…
South Korean President Lee Jae Myung As he arrived in India for a State visit, South Korean President Lee Jae Myung said Koreas and India must work closely as emerging global leaders amid heightened geopolitical uncertainty, and that the 2 countries can give a new direction to multilateralism when it’s faced with mounting challenges. In…
UAE introduces Tabby instalment payments for MoHRE fees and fines nationwide. UAE’s Ministry of Human Resources and Emiratisation (MoHRE) has launched a new payment option allowing customers to pay service fees and administrative fines in instalments through “Tabby”.The service enables payments to be split over a period of four to 12 months, with a maximum…