Business
SITE calls for halting deindustrialization and promoting reindustrialization
Karachi : SITE, Pakistan’s Industrial Powerhouse and the SITE Association of Industry (SAI) is the voice of Pakistan’s largest & most diverse industrial base. The Industrial Sector contributes 20-22% to the GDP and bears over 50% of the national tax burden. In its Budget proposals to the Prime Minister, Finance Minister, Governor SBP, Chairman FBR…
TikTok launches new AI content labeling and media literacy initiatives
Karachi, May 17, 2024 : TikTok is proud to announce significant advancements in AI transparency and media literacy, reinforcing its commitment to safe and responsible content creation. In collaboration with the Coalition for Content Provenance and Authenticity (C2PA), TikTok is set to become the first video sharing platform to utilize Content Credentials technology to automatically…
PTCL launches SHOQ TV Box to revolutionize television viewing experience in Pakistan
Islamabad , May 15, 2024: Pakistan’s largest telecommunications and integrated ICT services provider, PTCL has launched SHOQ TV Box powered by Android TV by Google, to revolutionize the TV viewing experience and is poised to raise the bar in news and entertainment offering. The unveiling of the new product took place here in Islamabad at…
PSX touches record high as KSE-100 crosses 74,500 points
The KSE-100 index of the Pakistan Stock Exchange (PSX) sustained its bullish trend, reaching a record high of 74,575.30 points before settling at 74,531.19 points, marking a gain of 732.08 points compared to the previous trading day’s close at 73,799.11 points. During the day, a total of 574,182,210 shares valued at Rs 23.425 billion were…
Pakistani rupee gains ground against USD
On Tuesday, the Pakistani rupee strengthened by 02 paisa against the US dollar in interbank trading, closing at Rs 278.18. According to the Forex Association of Pakistan (FAP), the dollar’s buying and selling rates in the open market were Rs 277.02 and Rs 279.50, respectively. Earlier, the Pakistani rupee lost 08 paisa against the US…