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PSX tumbles 4,687 points in pre-Eid sell-off

[ Investor interest dampened by holiday lull, regional situation and policy uncertainty KARACHI: In a typically subdued pre-Eid trading session, the KSE-100 index of the Pakistan Stock Exchange (PSX) plunged nearly 4,700 points amid cautious investor participation and thin volumes. The benchmark index experienced significant volatility, swinging between the intra-day high of 153,944 and low … Read more

Nvidia bets on AI inference as chip revenue opportunity hits $1 trillion

Nvidia said the revenue opportunity for its artificial intelligence chips may reach at least $1 trillion through 2027, as the company outlined a strategy to compete more aggressively in the fast-growing market for running AI systems in real time. Chief Executive Officer Jensen Huang unveiled a new central processor and an AI system built on … Read more

PIA sale deal set for April financial close

[ ISLAMABAD: The Senate Standing Committee on Privatisation was informed that the agreement for the privatisation of Pakistan International Airlines (PIA) was finalised on January 29 and the financial close of the transaction is expected by the end of April. Officials told the committee that steering and working committees were currently finalising proposals related to … Read more

Green taxation, digital services tax recommended

[ The government has not completely ruled out the possibility of taking additional taxation measures and has shared some pro-posals with the IMF, said the sources. PHOTO: FILE LAHORE: The Institute of Cost and Management Accountants of Pakistan (ICMA) has submitted new tax revenue generation measures to the Tax Policy Office, Ministry of Finance, for … Read more

Trump slams allies over rejection of Hormuz request, as Iran and Israel trade airstrikes

Key partners cite lack of mandate; Iran attacks disrupt Gulf oil flow and keep strait largely closed Smoke rising from an area near the Dubai International Airport is seen through the windshield of a vehicle, after a drone attack hit a fuel tank, according to Dubai authorities, amid the US-Israel conflict with Iran, in Dubai, … Read more

ME conflict may reduce remittances by $3-4b

[ PIDE report warns 500,000 Pakistani workers may not be able to go to Gulf countries A picture showing $100 bills. SOURCE: REUTERS ISLAMABAD: Rising tensions in the Middle East may negatively affect Pakistan’s economy as well as overseas Pakistanis and the annual inflow of remittances could decline by $3-4 billion. There was a likelihood … Read more