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AI’s race to transform the world before the money runs out

Economists see little evidence yet of productivity gains as spending on AI dwarfs railway, internet sums A screen reads ‘AI’ in reference to artificial intelligence as attendees gather during Rivian’s first Autonomy and AI Day, showcasing developments in self-driving technology, in Palo Alto, California, US, December 11, 2025. REUTERS Never has so much cash flowed … Read more

Gold, silver prices fall in local, global markets

[Gold and silver prices declined in international and local markets on Saturday. In the international bullion market, the price of gold fell by $43 per ounce to $4,138. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold in the local market fell by Rs4,300 per tola to Rs436,336. The price of … Read more

Broadcasting rights for Pakistan’s home matches sold for Rs350 million

KARACHI: The broadcasting rights for Pakistan’s home matches have been sold for Rs350 million, with only bidder state broadcaster emerging as the successful. The reserve price had been set at Rs600 million, while the latest agreement covers 25 matches. According to details, the PCB had issued a tender a few days ago for the broadcasting … Read more

Coordinated Asia-Pacific textile strategy proposed

[ He noted that the global textile market was projected to grow from $2.12 trillion in 2025 to $4.27 trillion by 2035 LAHORE: FPCCI & ECO-CCI President and CACCI Vice President Atif Ikram Sheikh has called for developing a coordinated Asia-Pacific strategy to strengthen the region’s textile industry, enhance competitiveness and expand its share in … Read more

Trump says US to send one-time $90 payment to 20 million seniors enrolled in Medicare

US president’s latest financial promise comes as Republicans defend narrow majorities ahead of midterms US President Donald Trump. Photo: REUTERS/file President Donald Trump said the United States government will send a one-time $90 payment to more than 20 million Americans enrolled in Medicare, a health insurance programme for the elderly, to help offset the cost of their monthly medical insurance premiums. Trump said on social media late on Friday the payments … Read more

SPI at 11.5% as war keeps fuel dear

[ KARACHI: Short-term inflation stayed in double digits for the week ended October 1, with the Sensitive Price Indicator (SPI) up 11.53% from a year earlier, as the energy shock from the US-Israel war with Iran continued to pass into household costs. The Pakistan Bureau of Statistics (PBS) said the SPI rose 0.21% week-on-week to … Read more