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16/06/2024

May your Eid be filled with delicious food, joyful moments, and cherished memories with friends and family. Let's embrace the spirit of sacrifice and compassion

26/11/2023

Aitana López is an AI-generated creation by a Spanish agency that grew tired of booking real models.

López can make just over 1,000 euros, or $1,090, per advert and is featured in images on Fanvue.

Fanvue's CEO previously told Insider that AI-generated characters would thrive and become common.

The AI-generated woman, Aitana López, is a pink-haired 25-year-old. Her account has amassed 124,000 followers on Instagram.

23/11/2023

Istanbul November 23 2023: The Monetary Policy Committee (the Committee) of Turkey Central Bank has decided to raise the policy rate (the one-week repo auction rate) from 35 percent to 40 percent.

Headline inflation edged down in October and remains in line with the outlook presented in the most recent Inflation Report. The existing level of domestic demand, the stickiness in services inflation, and geopolitical risks keep inflation pressures alive. On the other hand, recent indicators suggest that domestic demand has started to moderate as the monetary tightening is reflected on financial conditions. The Committee also assesses that inflation expectations and pricing behavior started to show signs of improvement. The improvement in external financing conditions, continued increase in foreign exchange reserves, positive impact of demand rebalancing on current account balance, and the increase in domestic and foreign demand for Turkish lira denominated assets contribute significantly to exchange rate stability and the effectiveness of monetary policy. In light of these developments, a decline in the underlying trend of monthly inflation is observed.

The monetary tightness will be maintained as long as needed to ensure sustained price stability.

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22/11/2023

ChatGPT-maker OpenAI has reached an agreement for Sam Altman to return as CEO days after his ouster, capping frenzied discussions about the future of the startup at the center of an artificial intelligence boom.

The company also agreed to revamp the board of directors that had dismissed him. OpenAI named Bret Taylor, formerly co-CEO of Salesforce, as chair and also appointed Larry Summers, former U.S. Treasury Secretary, to the board.

Altman said in a post on X, “i’m looking forward to returning to openai.”

After Altman was fired on Friday, the original board had given scant explanation other than his lack of candor and its need to defend OpenAI’s mission to develop AI that benefits humanity.

The deal to restore Altman ushers in a potentially new era for the startup - a non-profit - which long juggled concerns among staff about AI’s dangers and its potential for commercialization.

Tuesday’s reshuffle appeared to favor Altman and financial backer Microsoft, which is rolling out OpenAI’s technology to business customers globally.

22/11/2023

Caretaker Federal Minister for Commerce & Industries Dr Gohar Ejaz on Wednesday said that the government will not allow sugar export till the assessment of full production and consumption at the end of the season.

The remarks come a day after Dr Ejaz chaired the meeting of Sugar Advisory Board (SAB) in Islamabad, addressing the challenges confronting the sugar industry.

“Had the honour of chairing the meeting of SAB to discuss the strategic shift in our sugar policies,” said Dr Gohar, in a statement on social media platform X. “We decided to break away from the previous cycle of exporting sugar and then importing it due to local market shortages,” he said.

10/11/2023

KSE-100 index closes at 55,391.36 points.

The index gained 1129.94 points or 2.08%.

It reached intraday high of 55,506.32 points.

07/11/2023

SIFC Hosting Road Show To Project Pakistan's Latent Potential
Special Investment Facilitation Council is hosting Pakistan Investment Roadshow in Dubai.

The event is being held with a singular focus to project latent potential of Pakistan and attract global investments in the key sectors of economy.

On the inaugural day, the roadshow attracted a large number of global businessmen and investors to the event.

The officials of SIFC held extensive engagements with global investors, highlighting immense potential and investment opportunities in Pakistan under the auspices of SIFC.

Projects under SIFC were pitched for attracting prospective investments in the key sectors.

SIFC initiative gained enormous traction and during engagements, investors' community was given insights into transforming investment climate in the country through SIFC platform.

Utilizing the platform, 30 Pakistani firms presented their project proposals/ growth strategies during pitch sessions (B2B) encompassing various domains including Agri, IT and Energy.

03/11/2023

Jolie, who previously served as a special envoy to UNHCR, turned to Instagram and shared a photo on of Israeli strike.

In the caption, the 48-year-old highlighted the dire situation in the besieged region, emphasizing the prolonged suffering of Gazans.

“This is the deliberate bombing of a trapped population who have nowhere to flee,” she wrote stressing that “Gaza has been an open-air prison for nearly two decades and is fast becoming a mass grave. 40% of those killed are innocent children”.

She further added, “Whole families are being murdered. While the world watches and with the active support of many governments, millions of Palestinian civilians - children, women, families - are being collectively punished and dehumanized, all while being deprived food, medicine and humanitarian aid against international law”.

“World leaders are complicit in these crimes,” she asserted.

03/11/2023

The Supreme Court of Pakistan (SCP) wrapped up all pleas related to polls in 90 days and declared February 8 as the date of the general elections.

The apex court issued an order on the case after the AGP and PTI lawyer presented President Arif Alvi’s consent letter that cemented both ECP and the Presidency had consensus on the February 78 date for holding general elections.

Moreover, ECP also submitted the notification of holding of general elections on February 8.

29/10/2023

GAZA STRIP: The Palestinian Red Crescent Society said Sunday the Israeli military was repeatedly bombing around its hospital in central Gaza, causing damage and putting civilians at risk.

"The Israeli army deliberately continues to launch rockets directly near Al-Quds hospital with the aim of forcing medical staff, displaced individuals and patients to evacuate the hospital," the medical organisation said in a statement.

"This has caused significant damage to hospital departments and exposed residents and patients to suffocation," the statement added.

In addition to patients, the Red Crescent said 14,000 people displaced by the war are sheltering at the hospital.

Hospital director Bashar Murad told AFP that the team was called twice on Sunday ordering them to evacuate the facility.

"We received strongly worded threats from the occupation (Israeli) forces to immediately evacuate Al-Quds hospital in the Gaza Strip as it will be bombed," Murad said.

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25/10/2023

IMF Mission Chief to Pakistan Nathan Porter will lead delegation.

Finance ministry has started preparations for talks with IMF.

Ministry met to get updates on all structural benchmarks, criteria.

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