Senate panel debates SBP chief’s monthly pay package

[ ISLAMABAD: The central bank governor was receiving a minimum Rs4 million in monthly salary, extended perks and round-the-clock security and services of four servants, showed the two-year-old details the government submitted to a Senate panel on Wednesday. The Ministry of Finance presented the details of the salary and perquisites received by the State Bank … Read more

Australia will spend $1.1 billion building Anduril undersea drone fleet

Australia has said that it will spend A$1.7 billion ($1.1 billion) on a fleet of “Ghost Shark” autonomous undersea vehicles, developed by US startup Anduril Industries and its defense force, for surveillance and strikes. Australian Defense Minister Richard Marles told reporters on Wednesday the Ghost Shark will complement Australia’s navy surface fleet and submarines, providing “a … Read more

Russian cancer vaccine raises hope

Russia has announced that its experimental cancer vaccine, Enteromix, has completed preclinical trials, with officials claiming both safety and high efficacy, according to a Newsweek report that raised hope of curing the fatal disease. Veronika Skvortsova, head of the Russian Federal Medical-Biological Agency (FMBA), told the Eastern Economic Forum in Vladivostok that the vaccine is … Read more

SMEs termed drivers of industrial revolution

[ ISLAMABAD: Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan has emphasised that Pakistan is committed to transforming small and medium enterprises (SMEs) into engines of sustainable growth and drivers of an inclusive industrial revolution. He highlighted that SMEs contribute nearly 40% of gross domestic product (GDP) in developing economies … Read more

Fawad speaks of stress over ‘Abir Gulaal’

fawad speaks of stress over abir gulaal

Superstar Fawad Khan admits he has been under immense pressure over his latest project ‘Abir Gulaal’, a cross-border romantic drama that has faced repeated delays before its worldwide release on September 12 (tomorrow). In a recent interview, Khan said his decision to take on the film was driven by a desire to counter the increasingly … Read more

Gravitationalwaves confirm Hawking theory

PARIS: Ripples in spacetime sent hurtling through the universe when two black holes smash into each other — a phenomenon predicted by Albert Einstein — have confirmed a theory proposed by fellow physicist Stephen Hawking over 50 years ago, scientists announced Wednesday. These ripples, which are called gravitational waves, were detected for the first time in 2015 … Read more

Shanghai Electric abandons $1.77b KE acquisition

[ ISLAMABAD: In a blow that undercuts Islamabad’s push for fresh Chinese investment, Shanghai Electric Power has scrapped its long-delayed plan to acquire K-Electric (KE) just days after Prime Minister Shehbaz Sharif returned from Beijing touting renewed economic cooperation. The Chinese power giant said Pakistan’s regulatory bottlenecks and shifting business environment had rendered the $1.77 … Read more

Surgical automation AI-guided cameras solo surgery

The chief of surgery at Clinica Las Condes in Santiago, Chile, Ricardo Funke, carried out a gallbladder removal alone during a laparoscopic surgery on Monday, thanks to an autonomous AI-guided camera. Using software that autonomously directed the surgical camera along with magnetic surgical instruments, AI tracked the surgeon’s tools, adjusting angles and following automatically. “The … Read more