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Microsoft announces $2.2 bn AI, cloud investment in Malaysia

Microsoft announces $2.2 bn AI, cloud investment in Malaysia

BUSINESSUpdated:May 2, 2024ShareTwitter FacebookEmailLink

" KUALA LAMPUR: Microsoft pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia on Thursday to help develop the country’s AI infrastructure. The tech giant’s chief executive Satya Nadella is on a three-nation tour of Southeast Asia — Indonesia, Thailand and Malaysia — to announce a range of investments in data…

Championing Diversity: New Dadu Sugar Mills’ Multifaceted Workforce

BUSINESS, PAKISTAN, SCIENCE & TECHNOLOGYUpdated:May 2, 2024ShareTwitter FacebookEmailLink

New Dadu Sugar Mills, located in District Dadu, Sindh, stands as a testament to innovation in the sugar industry. Commencing operations in 2008 under the ownership of Omni Group, this facility has revolutionized sugar production methods, making significant strides in efficiency and quality. Reviving Legacy Previously operated by the Government of Pakistan through the Pakistan International Development…

these national incubation centres provide crucial resources such as mentorship technical support and funding opportunities helping early stage tech businesses overcome initial challenges and scale effectively says it expert and ceo of si global solutions dr noman said photo afp

NIC Hyderabad sparks startup success

BUSINESSUpdated:May 2, 2024ShareTwitter FacebookEmailLink

" KARACHI: The National Incubation Centre (NIC) of Hyderabad has successfully incubated over 100 startups in less than two years across four cohorts, garnering international acclaim while encompassing various tech businesses. Cohorts, often referred to as batches, are selected through rigorous competition every six months and receive free-of-cost training funded by the state-owned enterprise Ignite…

Fed to hold rates steady as inflation dims hopes for policy easing

Fed to hold rates steady as inflation dims hopes for policy easing

BUSINESSUpdated:May 2, 2024ShareTwitter FacebookEmailLink

" Fed to hold rates steady as inflation dims hopes for policy easing - Daily Times …

Supporting Agriculture: New Dadu Sugar Mills’ Empowerment of Farmers

BUSINESS, INTERNATIONAL, PAKISTANUpdated:May 2, 2024ShareTwitter FacebookEmailLink

The sugar industry has long been a cornerstone of agricultural development in Pakistan, particularly in regions like District Dadu, Sindh. Since its establishment in 2008, New Dadu Sugar Mills has not only contributed to the economic landscape but has also prioritized the empowerment of local farmers. Through various initiatives and collaborations, the mill has significantly…

to further support investors the government has established a special investment facilitation committee streamlining the process through a one window facilitation approach photo file

Investors scour the globe for shelter

BUSINESSUpdated:May 2, 2024ShareTwitter FacebookEmailLink

" LONDON: Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in US stocks and bonds as stubborn inflation causes bets on the timing of Federal Reserve interest rate cuts to be revised. April was a washout on Wall Street, with the S&P 500 share index and US Treasuries…

A Decade of Achievement: Celebrating New Dadu Sugar Mills’ 10th Anniversary

BREAKING NEWS, BUSINESS, ENTERTAINMENT, HEALTH, PAKISTANUpdated:May 2, 2024ShareTwitter FacebookEmailLink

Industry: Sugar Commencement of Operations: 2008 Location: District Dadu, Sindh Introduction: New Dadu Sugar Mills, once languishing under government ownership, witnessed a remarkable resurgence over the past decade, culminating in its 10th anniversary celebration. After a decade-long hiatus marked by heavy production losses, the facility was revitalized under the ownership of Omni Group in July 2008. Today, as…

Bitcoin drops by almost 6% ahead of Fed decision

Bitcoin drops by almost 6% ahead of Fed decision

BUSINESSUpdated:May 2, 2024ShareTwitter FacebookEmailLink

" LONDON: Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later. The value of the world’s most traded cryptocurrency fell by nearly 16% in April, as investors booked…

آئل اور گھی oil and ghee

20 rupees increase in the price of first grade oil and ghee in the open market

BUSINESSUpdated:May 2, 2024ShareTwitter FacebookEmailLink

" The price of first grade oil and ghee has been increased by Rs 20 in the open market. The prices of cigarettes of different brands have also increased while some brands are still selling in black. The price of first grade oil increased by Rs 20 to Rs 539 while the price of ghee…

photo file

Sindh Revenue Board achieves record collection

BUSINESSUpdated:May 2, 2024ShareTwitter FacebookEmailLink

" KARACHI: The Sindh Revenue Board (SRB) has collected Rs185.2 billion during the first nine months of fiscal year 2023-24 depicting an increase of 29% over the corresponding period of last year. Chairman SRB Wasif Memon called on Sindh Chief Minister Syed Murad Ali Shah on Wednesday and briefed him about SRB’s revenue collections, said…

Pak-China tie-up forges agri innovations

Pak-China tie-up forges agri innovations

BUSINESSUpdated:May 2, 2024ShareTwitter FacebookEmailLink

" Hafiz Muhammad Usman, currently a post-doctoral fellow at Guizhou University, expresses deep gratitude for the opportunity to introduce advanced agricultural technologies acquired in China to his native Pakistan. Since its inception in 2017, Guizhou University has spearheaded the “PhD Village Chief” programme, extending invitations to doctoral students, postgraduates, and undergraduates to partake in agricultural activities.…

Currency

Accused of depositing fake currency worth more than 5.5 crore rupees arrested in Peshawar

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" In Peshawar, the forger defrauded the bank officials. Allegedly, the accused deposited fake currency worth more than 5.5 crore rupees in the bank. According to sources, the Federal Investigation Agency (FIA) Lahore arrested Haroon, a resident of Peshawar, on the charge of forgery. Accused Haroon had deposited Rs 5 crore 82 lakh…

a reuters file image

Inquiry into ‘unnecessary’ wheat purchase

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: Prime Minister Shehbaz Sharif has authorized an investigation into the purportedly unnecessary wheat purchases made during the caretaker government's tenure. Federal Public Service Commission (FPSC) Member Muhammad Mushtaq Ahmed, known as Mian Mushtaq in bureaucratic circles, will oversee the inquiry, with a report due to be submitted to the Prime Minister upon its completion.…

200 rupees reduction in price of 20 kg flour

200 rupees reduction in price of 20 kg flour

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" The price of 20 kg of flour has further reduced by Rs.200. Speaking to private TV, Chairman Flour Mills Association Asim Raza said that the new price of a 20 kg bag of flour has increased to Rs 2,000, while earlier the price of a 20 kg bag of flour was Rs 2,400. He…

PM Shehbaz orders probe into ‘failure’ of Track and Trace System

PM Shehbaz orders probe into ‘failure’ of Track and Trace System

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: Prime Minister (PM) Shehbaz Sharif has constituted a committee to identify flaws and failures of the Track and Trace System (TTS), launched to curb tax evasion and improve revenue collection, ARY News reported on Wednesday. The committee – headed by former State Bank Governor Tariq Bajwa – has been directed to conduct a…

Pakistani textile firms shine at Techtextil and Texprocess 2024

Pakistani textile firms shine at Techtextil and Texprocess 2024

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" KARACHI: Over 10 Pakistani exhibitors participated in the “Techtextil and Texprocess 2024 Exhibition” held in Frankfurt, Germany from April 23 to 26. The events, co-located at the same venue, showcased the latest innovations in garment and textile manufacturing machinery and services alongside cutting-edge advancements in technical textiles. 10 Pakistani exhibitors prominently featured their innovations…

imf

The schedule of negotiations between Pakistan and the IMF on the new loan program has been decided

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" The schedule of negotiations between Pakistan and the IMF on the new loan program has been decided. ICCT Twenty Batters Ranking continues Sources say that the IMF negotiation mission will reach Islamabad on May 15 to discuss the new program. Pakistan is facing significant economic challenges before starting new negotiations, the business friendly scheme…

PSX witnesses bearish trend, loses 592 points

PSX witnesses bearish trend, loses 592 points

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" PSX witnesses bearish trend, loses 592 points - Daily Times …

HBL to inject up to Rs6bn equity in its microfinance bank

HBL to inject up to Rs6bn equity in its microfinance bank

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" HBL to inject up to Rs6bn equity in its microfinance bank - Daily Times …

Rupee gains 8 paisas against US dollar

Rupee gains 8 paisas against US dollar

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" Rupee gains 8 paisas against US dollar - Daily Times …

Gold price per tola falls Rs2,000

Gold price per tola falls Rs2,000

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" Gold price per tola falls Rs2,000 - Daily Times …

آٹا (flour)

Flour is cheap

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" Flour became cheaper, the price of a 20 kg bag in Peshawar reduced by Rs 300 and in Punjab by Rs 200. Chairman Flour Mills Association Asim Raza said that the new price of 20 kg bag of flour in Punjab has become 2 thousand rupees. According to Chairman Flour Mills Association, due to…

photo reuters file

Budget numbers belie IMF’s claims

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: Pakistan ended the International Monetary Fund (IMF) programme on a sour note as it booked a budget deficit of Rs4.33 trillion, which was nearly one-fourth higher than the last fiscal year and put a question mark over the lender’s claim of strengthening fiscal position. The Ministry of Finance on Tuesday released the fiscal…

photo file

Rupee wipes off losses, appreciates to 278.31/$

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" KARACHI: Pakistani currency on Tuesday appreciated Rs0.09 and reached Rs278.31 against the US dollar in the inter-bank market after the International Monetary Fund (IMF) executive board gave final approval for the release of last loan tranche of $1.1 billion. According to the State Bank of Pakistan (SBP), the rupee had closed at Rs278.40 against…

as much as 600mb of data was put up online by the alleged hacker for download photo afp

European company plans big investment in data centre

BUSINESSUpdated:May 1, 2024ShareTwitter FacebookEmailLink

" KARACHI: After a useful strategy developed by the SIFC and the successful launch of National Incubation Centres (NICs), local emerging startups have been encouraging foreign information technology companies to make investment in Pakistan. In line with such efforts, a European company has planned to make a handsome investment by establishing a data centre in…

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