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Pakistan Stock Exchange (PSX) Hits New Record as KSE-100 Index Surges Over 94,000 Points The Pakistan Stock Exchange (PSX) witnessed a strong start to the week as the KSE-100 Index hit a new record on Monday. During intra-day trading, the index surged by 526 points or 0.59%, briefly crossing the 94,000-point threshold at 11 am. The market closed at 93,648.32 …

VPN Block Trial in First Step Toward Internet Regulation On Sunday, the Pakistani government tested a six-hour block on over two dozen Virtual Private Networks (VPNs), marking a significant move toward internet regulation in the country. The trial, conducted between 4pm and 10pm, was the first time a government firewall visibly impacted internet access nationwide. The VPN block affected both …

Addressing Food Security in Pakistan Amidst Double-Digit Inflation Food security remains a significant issue in Pakistan, where double-digit inflation strains households and the agriculture sector. Recent data from the Pakistan Bureau of Statistics (PBS) shows food inflation averaging over 35% in the first half of fiscal year 2024. This rise has weakened citizens’ purchasing power and exposed inefficiencies in crop …

OpenAI’s ChatGPT experienced a brief yet significant outage on Friday, affecting over 19,000 users for around 30 minutes. Despite the disruption, OpenAI quickly restored service by 5 pm PT (0100 GMT) with users regaining access within minutes. CEO Sam Altman took to X (formerly Twitter) to apologize for the downtime, acknowledging the inconvenience and reassuring users of the platform’s full …

Pakistan and Australia Gear Up for Series-Deciding ODI with Possible Lineup Changes Pakistan and Australia are set to battle in a thrilling finale on Sunday, 10 November, at Perth Stadium, where the final ODI will decide the series winner. With both teams at one win each, this match promises an intense showdown. Pakistan’s captain, Mohammad Rizwan, is likely considering a …

Pakistan’s Request for Debt Rescheduling Pakistan has formally requested China to reschedule $3.4 billion in official and guaranteed debt for two years. This extension is crucial for Islamabad as it faces a $5 billion external financing gap identified by the International Monetary Fund (IMF) during the signing of a recent $7 billion bailout package. Much of this debt is owed …

Pakistan has taken a significant leap in climate action by launching Climaventures, a pioneering $50 million initiative aimed at addressing the urgent need for climate resilience. Unveiled in Islamabad, Climaventures is spearheaded by the National Rural Support Programme (NRSP), with a notable $25 million contribution from the Green Climate Fund (GCF). This initiative is specifically designed to bridge critical funding …

The Pakistan Stock Exchange (PSX) continued its impressive rally, closing the week on a high note as the KSE-100 index surged by 619 points, reaching a record 93,140.26 during intra-day trading. This historic rise comes amid positive economic forecasts, increased foreign investment, and a strong performance across various sectors. Record-Setting Day for the KSE-100 Index Starting the day on a …

The Utility Stores Corporation (USC) has announced a significant reduction in sugar prices across Pakistan, lowering the price by Rs13 per kilogram. This adjustment brings the cost of sugar at Utility Stores down from Rs153 to Rs140 per kilogram, providing immediate relief to consumers. The reduction follows a rebate from sugar mill owners, who agreed to lower the price by …

In a move to provide financial relief and stimulate increased electricity consumption, Pakistan’s government is drafting a winter package that could reduce electricity prices by up to Rs8 per unit. The Power Division and Ministry of Finance, along with other departments, are collaborating on this initiative, which aims to support both residential and industrial users over a three-month winter period. …