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Banks need AI for faster onboarding

[ KARACHI: Pakistani banks should follow the global trend of adopting artificial intelligence (AI) solutions to accelerate customer onboarding and strengthen Know Your Customer (KYC) compliance, with the aim of significantly expanding their customer base. AI?based systems enable banking institutions to attract new customers more efficiently, help prevent account misuse in both bank and wallet … Read more

Qatar rejects reports it ‘offered’ Iran $12b for US deal

People walk past a mural depicting the late leader of the Islamic Revolution, Ayatollah Ruhollah Khomeini, and Iran’s late Supreme Leader Ayatollah Ali Khamenei, in Tehran, Iran. PHOTO: REUTERS Qatar denied that it “offered” Iran $12 billion to finalise an agreement that would end the stalled US-Israeli war, a conflict that sent shockwaves through the … Read more

Oil slips to two-week low

[ CALGARY: Oil prices fell almost 6% to two-week lows on Monday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough. Brent crude futures were down $6.12, or 5.9%, … Read more

Sindh opposes immediate sugar deregulation

[ Objects to new mills, backs phased reform over 5-10 years casting doubt on IMF deadline ISLAMABAD: The Sindh government has rejected immediate deregulation of the sugar sector. It also opposes abolishing crop zoning and a ban on new mills, bringing into question the federal government’s commitment to the International Monetary Fund (IMF) to approve … Read more

US honours fallen service members

Mount St Mary Academy Band members, of Kenmore, New York, sing while marching in a parade in Washington, DC. Photo: REUTERS ARLINGTON: President Donald Trump honoured the nation’s fallen service members on Monday during a Memorial Day ceremony at Arlington National Cemetery, delivering a sweeping tribute to generations of American troops who died defending the … Read more

Stocks rally sharply in Eid-shortened week

[ Index surges nearly 3,900 points over regional optimism, robust investor interest KARACHI: In yet another powerful recovery, Pakistan equities on Monday extended their bullish momentum as strong buying interest lifted the benchmark KSE-100 index sharply higher, which gained nearly 3,900 points amid improving regional situation and investor optimism during a trading week shortened by … Read more

Does US seek wider geopolitical reset?

Linking ceasefire talks to Abraham Accords expansion signals Trump-led regional realignment, say analysts KARACHI: At a time when negotiators are striving to secure a peace agreement between the United States and Iran, President Donald Trump has stirred a fresh controversy by attempting to link any prospective deal to Middle Eastern countries joining the Abraham Accords … Read more