News

Does Pakistan need electric vehicles?

download (52)

Electric Vehicles (EVs) have already caught the interest of large populations of the developed countries and the Pakistani public as well awaits with excitement. Tesla has surpassed all international car manufacturing companies in terms of market capitalisation. The financial incentive in the form of hard cash given by the western …

Read More »

Will CPEC survive the IMF bailout?

Will CPEC survive the IMF bailout?

If this is just a coincidence, it is intriguing. After a long lull, there is light blipping again on the CPEC drawing board. Last Friday, a 55-member Chinese delegation of business executives met Prime Minister Imran Khan and reportedly committed to ploughing $5 billion investment over the next five years. …

Read More »

Miftah delivers third fuel price shock in 20 days

Miftah delivers third fuel price shock in 20 days

The government raised fuel prices by up to 29 per cent on Wednesday, removing fuel subsidies in an attempt to trim the fiscal deficit and secure critical support from the International Monetary Fund (IMF). This is the third cut in fuel subsidies in about 20 days. The prices of high-speed …

Read More »

US Fed announces biggest interest rate hike since 1994

US Fed announces biggest interest rate hike since 1994

The Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points on Wednesday as it battles against surging inflation. The Fed’s policy-setting Federal Open Market Committee reaffirmed that it remains “strongly committed to returning inflation to its 2 …

Read More »

A Google software engineer believes an AI has become sentient

A Google software engineer believes an AI has become sentient

Google’s LaMDA software (Language Model for Dialogue Applications) is a sophisticated AI chatbot that produces text in response to user input. According to software engineer Blake Lemoine, LaMDA has achieved a long-held dream of AI developers: it has become sentient. Other AI experts also think Lemoine may be getting carried …

Read More »

LHC likely to conclude Hamza’s election case today

LHC likely to conclude Hamza’s election case today

    The Lahore High Court (LHC) will wrap up the case challenging Hamza Shahbaz’s election as the Punjab chief minister today (Wednesday), said Justice Tariq Saleem Sheikh, Geo News reported. An LHC bench headed by Justice Sadaqat Ali Khan resumed hearing the separate pleas — filed by PTI and …

Read More »

Ukraine says Russian missiles kill 21 near Odessa

Ukraine says Russian missiles kill 21 near Odessa

Missiles slammed into a Ukrainian apartment building and a recreation centre early Friday, killing 21 people and wounding dozens in the Odessa region, in attacks swiftly condemned by Germany. At least one child was killed, Ukrainian officials said, blaming the strikes on Russia a day after Moscow abandoned positions on …

Read More »