Author: PAGE

Published in Dawn, on Mar 15th, 2024, AFP SEOUL: North Korea leader Kim Jong Un drove a “new-type main battle tank” while overseeing military training exercises, state media said on Thursday, as Seoul and Washington wrap joint drills to improve deterrence. Wearing a black leather jacket, Kim saluted ranks of camouflage-uniformed troops, and watched live-fire “training march” exercises from a field command post, flanked by top generals, images published by state media showed. After he reviewed the tank crews, Kim “mounted a new-type main battle tank, seized the control lever and drove the tank himself”, the official Korean Central News Agency reported.…

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Published in The Nation, on Mar 15th, 2024, Agencies MOSCOW  –  President Vladimir Putin on Thursday urged Russians to vote in elections this weekend that come at a “difficult” time for the country, as the long-serving leader seeks to yet again cement his hold on power. Putin is set to secure anoth­er six-year term this weekend in a vote the Kremlin says will show society is fully behind his assault on Ukraine. “I am convinced: you realise what a difficult period our country is going through, what complex challenges we are facing in almost all areas,” Pu­tin said in an…

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Published in AlJazeera, on Mar 14th, 2024, The move comes as the Palestinian Authority faces pressure to reform from the US amid Israel’s war on Gaza. Palestinian President Mahmoud Abbas has appointed his longtime economic adviser Mohammed Mustafa to be the next prime minister in the face of US pressure to reform the Palestinian Authority as part of Washington’s post-war vision for Gaza. Mustafa, a US-educated economist and political independent, now faces the task of forming a new government for the PA, which has limited powers in parts of the Israeli-occupied West Bank. end of list In a statement announcing the appointment…

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Published in Saudi Gazette, on Mar 14th, 2024, KYIV — Ukraine has launched drone attacks on at least three oil refineries deep inside Russia, as Kyiv intensifies its cross-border strikes days before President Vladimir Putin’s anticipated re-election. A Ukrainian defense source told CNN on Wednesday that Ukraine is “implementing a well-planned strategy to decrease Russian economic potential.” It struck three Russian oil refineries targeted in the cities of Ryazan, about 130 miles southeast of Moscow; Kstovo, in the Nizhny Novgorod region, nearly 300 miles east of the capital; and Kirishi in Russia’s northwest. The trio of facilities are among Russia’s…

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Published in AlJazeera, on Mar 14th, 2024, NATO’s secretary-general calls on members to show the political will to offer more support for Kyiv against Russia. Ukraine is running out of ammunition and NATO members are not doing enough to help Kyiv, the alliance’s secretary-general, Jens Stoltenberg, has said, in unusually blunt comments about the state of the war. “Unprecedented aid from NATO allies has helped Ukraine survive as an independent nation. But Ukraine needs even more support and they need it now,” Stoltenberg told reporters at NATO headquarters in Brussels on Thursday. end of list “The Ukrainians are not running…

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Published in AlJazeera, on Mar 13th, 2024, The move provides a welcome boost for Kyiv as support from its other major backer, the US, wavers and its outgunned forces struggle to hold back Russia. European Union countries have agreed to provide 5 billion euros ($5.48bn) for military aid to Ukraine as part of a revamp of an EU-run assistance fund, handing Kyiv a timely boost as its forces struggle against Russia’s invasion. Ambassadors from the EU’s 27 member countries agreed to the overhaul of the European Peace Facility (EPF) fund at a meeting in Brussels on Wednesday after months of wrangling, with…

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Published in The Nation, on Mar 15th, 2024, Azhar Khan The FIFA Council has extended the mandate of the Normalisation Committee for the Pakistan Football Federation (PFF) until 15th December 2024. “The Council confirmed that the mandate of the Normalisation Committee for the Pakistan Football Federation will be extended until 15 December 2024 to allow for the completion of the existing mandate and electoral process,” said the FIFA press release on Thursday. It further added: “The FIFA Council has unanimously approved the Annual Report 2023, which confirms the organization’s exceptionally healthy and sustainable situation, with record investment in football development of USD 2.25 billion earmarked for the entire…

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Published in Geo News, on Mar 12th, 2024, By Web Desk Ali entered International Boxing Hall of Fame in 1990 in its debut class Legendary American boxer Muhammad Ali, who passed away in June 2016, will finally be inducted into the World Wrestling Entertainment (WWE) Hall of Fame Class of 2024. According to ESPN, the announcement was made by the organisation on Monday revealing that the ceremony will be held on April 5 during WrestleMania 40 weekend in Philadelphia. Ali, a sporting icon who died at the age of 74, appeared as a special guest referee in the first WrestleMania main event,…

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Written By Laia Barbarà Acting Head, Climate Strategy, World Economic Forum Claudia Galea Director, Global Sustainability, Kearney This article is part of: Centre for Nature and Climate The ripple effects of geopolitical tensions and conflicts are felt across politics, society and the environment. In 2024, we will face major geopolitical events that will have an impact on carbon emissions. Nations must find ways to prioritize collective efforts and collaboration to combat climate change in the face of these tensions. In today’s complex global landscape, geopolitical tensions have far-reaching implications across a variety of sectors. The ripple effects of these tensions…

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Written By Giorgio Parolini Lead – Aviation Decarbonization, World Economic Forum Laia Barbarà Acting Head, Climate Strategy, World Economic Forum The Singapore Airshow is Asia’s biggest aviation gathering and saw some key announcements on the sustainable future of the industry. The event began with the Civil Aviation Authority of Singapore revealing a new passenger levy to support sustainable aviation fuels uptake. Here are three key points from the civil and military aviation-focused event that are important for aviation from a sustainability perspective. The biennial Singapore Airshow was back in full swing this year, alongside acrobatic displays and adrenaline-filled take-offs. The airshow –…

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Written By Scott Doughman Chief Business Officer, Seal Storage Technology Academic institutions across the world are turning to technologies such as blockchain to handle large amounts of research data. Blockchain is a cryptographically-secure storage technology that ensures data integrity for large research projects. Here’s why the authenticity and reliability of blockchain technology can be of benefit for research at higher education institutions. Imagine a scenario where you are a professor at a research university entering the next stage of your research project. Just as you’re about to dive deeper, you find yourself in need of a large data set from last…

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Written By Johnny Wood Writer, Forum Agenda Desalination increases access to safe, clean drinking water, but the process is energy-intensive and costly. New innovations are turning to wave power and other ways to reduce reliance on fossil fuels and curb emissions from desalination. A natural resources crisis is one of the leading global long-term threats, according to the World Economic Forum’s 2024 Global Risks Report. Billions of people turn on a tap and expect clean drinking water to flow out, but this is not their reality for billions of others. Rapid population growth, burgeoning urbanization, and increased global water consumption by…

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Written By Charlotte Edmond Senior Writer, Forum Agenda This article is part of: Centre for Urban Transformation Multiple factors are needed for a smart and sustainable city, such as social cohesion, human capital and economic performance. The IESE ranking of the world’s most sustainable and smart cities is led by European and US cities, but many cities from elsewhere perform strongly against individual measures. With increasing numbers of people living in cities, initiatives like the World Economic Forum’s Global Future Council on Cities, which aims to tackle urban affordability, will become more important. London, Paris, New York – it’s easy to…

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by Katharina Buchholz, According to Statista’s Advertising & Media Market Insights, 41 percent of global media sales were generated digitally last year – up one percentage point from 2022. The growth in upcoming years is projected to be at around the same pace. Digital media is expected to be responsible for 48 percent of all sales by 2029. The segment is growing at a faster rate in the United States, which is already ahead of the curve when it comes to digital media and is expected to reach a majority of digital media sales from 2026 onwards. Between 2023 and 2029, U.S. digital…

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by Katharina Buchholz, In many countries, the drastic step of shutting down the internet is employed in response to actual or potential unrest. Shutdowns generally occur when someone (usually a government) intentionally disrupts the internet or social media networks. The measure has been widely criticized as too drastic a curbing of freedom of expression and an encroachment of peoples’ everyday lives especially if it is done to shut down dissent. Egypt’s 2011 revolution and the failed Turkish military coup of 2016 are prime examples of internet shutdowns employed in this way. In India – the country that cuts internet access the most – shutdowns have…

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by Katharina Buchholz, According to SIPRI data, China has increased its military expenditure by almost 900 percent since 1992. At around $300 billion in 2022, the Chinese spent significantly more than the Russians (around $72 billion), but their spending was still well below that of the U.S. (around $812 billion). China is the second-biggest spender in total military budget after the United States. Still, the Chinese spending spree has raised eyebrows worldwide. It came back into the spotlight last week when the reference to a “peaceful reunification” with Taiwan was dropped from a government report presented at the Chinese National People’s Congress. At the same…

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by Anna Fleck, Ramadan starts on Sunday evening, with the first day of fasting on Monday, March 11 this year. The holy month is based on the Islamic lunar calendar which is 11 days shorter than the Gregorian solar year, and so its start shifts earlier each year. While the number of days of Ramadan are equal for all Muslims observing it around the world, the length of the daily fast is not. During Ramadan, observers vow to abstain from eating, drinking, smoking and sexual activities through daylight hours. This means that those living further north have to fast for much longer…

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Saudi-GCC trade grows by 13pc in Q4 The General Authority for Statistics has published a preliminary report on international trade for Q4 2023, revealing a 13 percent increase in the volume of trade exchange between the Kingdom and Gulf Cooperation Council (GCC) countries compared to the same period the previous year. The trade value escalated by about SR6.36 trillion, reaching SR55.58 trillion in Q4 2023, up from SR49.22 trillion in Q4 2022. Saudi Arabia’s trade balance with the GCC nations recorded a surplus of approximately SR13.03 trillion. The total exports to the GCC countries stood at roughly SR34.31 trillion in…

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Moody’s boosts banking viewpoint Moody’s Investors Service has upgraded Pakistan banking sector outlook to stable (Caa3) from negative, believing the financial institutions’ solid profitability and stable funding and liquidity provide an adequate buffer to withstand the country’s macroeconomic challenges and political turmoil. The global rating agency maintained “economic and fiscal pressures are easing (on Pakistan)”, projecting the country’s economy would return to modest growth of 2 percent in the current fiscal year 2023-24 after contrasting 0.3 percent in the prior fiscal year 2022-23. Besides, the country’s inflation reading is anticipated to reduce to a monthly average of 23 percent in…

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Cambridge VR research detects early Alzheimer’s risk: Virtual reality (VR) technology has been used to detect the early warning signs of Alzheimer’s. Work at the University of Cambridge investigated if those at risk of the disease had a poor sense of direction or impairments in spatial navigation. Participants were asked to navigate a virtual environment while wearing VR headsets. Findings showed impairments in spatial navigation, which may develop years or decades before any other symptoms. About 100 asymptomatic adults, aged 43 to 66, used VR to determine and maintain a route from one place to another. Apple is Gearing Up For…

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IBA Karachi hosts 16th HEC all Pakistan intervarsity women’s cricket championship The department of Sports and Community Engagement at the Institute of Business Administration (IBA), Karachi commenced the 16th HEC All Pakistan Intervarsity Women’s Cricket Championship 2023-24 with great enthusiasm and fanfare at the Main Campus. The event hosted by IBA Karachi, attracted 13 teams from different universities across Pakistan including, University of Punjab; Bahauddin Zakariya University, Multan; Jinnah Women University, Karachi; Kinnaird College, Lahore; Liaquat University of Medical and Health Sciences, Jamshoro; University of Management and Technology, Lahore; University of Karachi; Sir Syed University of Engineering and Technology, Karachi;…

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Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market. KIBOR as a benchmark, to encourage transparency  and improve management of the market risk undertaken by banks. Kibor Rates In Pakistan TENOR BID OFFER 1 – Week 21.73 22.23 2 – Week 21.68 22.18 1 – Month 21.58 22.08 3 – Month 21.16 21.41 6 – Month 21.13 21.38 9 – Month 20.68 21.18 1 – Year 20.54 21.04 Last Updated on 11th Mar 2024 Source: SBP

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On International Women’s Day, Google celebrates the growing potential and aspirations of women in Pakistan, and reaffirms its dedication to empowering them further with the belief that by equipping women with the skills and resources they need, the country can unlock a future filled with greater equality, inclusion, and prosperity for all. As part of the company’s’ commitment to help create Future Forward Pakistan, Google has been running various initiatives to help not only to bridge the digital gap for women but also empowering top Pakistani female talents to compete in the global market. Bridging Gaps Through Upskilling: While the country…

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Zong 4G, Pakistan’s largest telecom operator offers affordable International Roaming Bundles for your next trip to Saudi Arabia this Ramadan to ensure you stay connected to your loved ones while performing Umrah! Zong 4G stands as Pakistan’s only telecommunications provider, offering thoughtfully designed international roaming packages. In response to the contemporary connectivity issued faced by travelers, Zong has introduced specialized roaming bundles aimed at offering both cost-effectiveness and accessibility for users travelling abroad. The Saudi Arabia International roaming bundles have ample and generous resources to last all through your trip ensuring that you stay seamlessly connected to your loved ones…

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The LEAP conference in Riyadh witnessed significant collaborations and investments from prominent companies, particularly in the technology sector. Aramco’s technology arm, Aramco Digital, stood out with several groundbreaking announcements, reported Arab News on Thursday (March 7). Firstly, the potential partnership with Groq, a leader in AI chip technology, aims to establish the world’s largest AI computer centre in Saudi Arabia. This move aligns with the country’s Vision 2030 and emphasises the commitment to fostering growth in the AI industry within the region. Furthermore, Aramco Digital’s joint venture with LTIMindtree aims to establish a new digital and IT services company, catering…

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Experts and progressive farmers have proposed investing in seed development, researching new varieties, and monitoring seed quality. These ideas were shared during the Farmers’ Day organised by the Seed Production and Development Centre (SPDC) of Sindh Agriculture University, held at the SAU Senate Hall, Hyderabad on Thursday (March 7). Addressing the gathering, Pro Vice Chancellor Dr. Jan Mohammad Marri stressed the urgency of providing farmers with better seeds, modern technology, and improved marketing access to enhance agricultural productivity and alleviate poverty. Dr. Noor Mohammad Baloch, Director General of Agriculture Research Sindh, acknowledged the increased responsibilities facing institutions like Sindh Agriculture…

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On Thursday, the Pakistan Stock Exchange (PSX) observed a slight downturn, with the KSE100 Index losing 53.53 points on Thursday (March, reflecting a marginal decrease of 0.08 per cent. It concluded at 65,603.09 points, compared to the previous trading day’s close of 65,656.62 points. Analysts from Topline Securities Limited have observed increased volatility in the market, citing a mix of factors influencing market sentiment. Despite these fluctuations, the market has shown resilience in the face of uncertainties, reflecting investors’ ability to navigate through the complexities of the current economic landscape. On the political front, the recently elected Prime Minister, Shehbaz…

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The Pakistan rupee gained 07 paisa against the US dollar in the interbank foreign exchange trading on Thursday (March 7) and closed at Rs 279.28 against the previous day’s closing of Rs 279.35. Experts said the recent movement of the rupee indeed offers a glimmer of hope for the nation’s economic stability. The influx of export receipts and remittances has injected strength into the local currency, bolstering its value against the greenback. This trend reflects positively on the economy, indicating improved trade balances and enhanced confidence in the domestic currency. However, it’s crucial to maintain a cautious approach, as the…

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The gold market in Pakistan experienced a significant surge with price of per tola 24 karat gold increased by Rs2,750 and was sold at Rs228,150 on Thursday (March 7) compared to its sale at Rs225,400 on the last trading day. The price of 10 grams of 24 karat gold also increased by Rs2,358 to Rs195,602 from Rs193,244 whereas the prices of 10 gram 22 karat gold went up to Rs179,301 from Rs177,140, according to All Sindh Sarafa Jewellers Association report. The price of per tola and ten-gram silver remained constant at Rs2,600 and Rs2,229.08 respectively. This upward trajectory in gold…

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SSGC wishes a blessed Ramzaan Mubarak to its esteemed customers and would like to assure them of uninterrupted gas supplies for Sehar and Iftaar preparations. However, it must be kept in mind that around 10% depletion annually in the country’s gas reserves has led to the widening gas demand-supply gap. For this reason, in order to ensure improved gas pressure, SSGC would be carrying out gas pressure profiling from 09 am to 03 pm and then during night times from 10 pm to 03 am during Ramzaan. These timings have been worked out for providing convenience in food preparations for…

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Pakistan and Azerbaijan have reaffirmed their commitment to sharing audit experiences, collaborating on IT and environmental audits, and facilitating the training of human resources, reported APP on Wednesday (March 6). The affirmation was expressed during a visit of the four-member delegation from the Chamber of Accounts of the Republic of Azerbaijan (Supreme Audit Institution Azerbaijan) to the office of the Auditor-General of Pakistan (Supreme Audit Institution Pakistan). The exchange of visits between the Chamber of Accounts of Azerbaijan and the Auditor-General of Pakistan demonstrates a tangible effort to strengthen their professional relationships. The presentation on the working of SAI Pakistan,…

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Microsoft has unveiled plans to establish a Center of Excellence in Saudi Arabia, in partnership with the Ministry of Communication and Information Technology. The announcement was made during the LEAP tech conference in Riyadh, signaling a significant initiative to enhance the digital skills of the Saudi workforce, Arab News reported on Wednesday (March 6). In an interview with Arab News, Turki Badhris, president of Microsoft Arabia, elaborated on the purpose of the centre. He emphasised Microsoft’s achievement in empowering over 100,000 Saudi professionals and highlighted the strategic focus on building an AI advanced digital academy in collaboration with Tuwaiq and…

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The Pakistani rupee experienced a slight depreciation against the US dollar in interbank trading on Wednesday (March 6), closing at Rs279.35, marking a decrease of 04 paisa from the previous day’s closing. In the open market, the buying and selling rates of the dollar were reported at Rs279.2 and Rs282.1, respectively, according to Forex Association of Pakistan (FAP). This depreciation is attributed to increased demand for the US dollar driven by import requirements and corporate payments. The pressure on the local currency has intensified due to a reduction in foreign exchange reserves. Market analysts emphasise the need for close monitoring…

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Gold prices in Pakistan soared to a record high on Wednesday (March 6), reaching an unprecedented Rs225,400 per Tola mark in local markets. This surge mirrors a global trend, as international markets also experienced a significant increase in the value of the precious metal. The price of 24-karat gold per Tola witnessed a substantial rise, climbing by Rs1,500 from the previous day’s closing of Rs223,900. Similarly, the price of 24-karat gold per 10 grams saw an increase of Rs1,286, closing at Rs193,244 compared to the previous day’s Rs191,958 in domestic markets. Analysts in the bullion market attribute this surge in…

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Pakistan stock market faced a brief downturn on Wednesday (March 6), with the benchmark KSE-100 index shedding 69 points, closing slightly lower at 65,657 points compared to the previous day’s close of 65,726 points. At the start of the session, the market showed promise, with the index reaching an intraday high of 66,151 points, reflecting a gain of 425 points or 0.65 per cent. This initial surge was fuelled by positive sentiments surrounding the government’s economic focus. Reports emerged indicating former prime minister Imran Khan’s directive to the finance ministry to engage in discussions with the IMF regarding the current…

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In the latest battle of the richest, Amazon founder Jeff Bezos has once again become the “richest person on Earth”, surpassing Elon Musk and claiming the top spot on the Bloomberg Billionaires Index. As of Monday, Bezos’ net worth was $200 billion, while Musk followed closely behind with $198 billion. It’s worth noting that the Tesla CEO has lost around $31 billion over the past year, while Bezos has gained $23 billion, according to the index. On Monday, Tesla shares took a hit, tumbling more than 7%, CNN reported. Musk had previously reclaimed the title of the world’s richest person in May…

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The Securities and Exchange Commission of Pakistan (SECP) took a significant step on Tuesday (March 5) by signing a Memorandum of Understanding (MoU) with the Ministry of Federal Education and Professional Training to promote financial literacy among students attending federal educational institutions. SECP Chairman Akif Saeed and Special Secretary of Federal Education and Professional Training Mohyuddin Ahmad Wani inked the MoU, signalling a collaborative effort towards this noble cause, said a press release. Under the MoU, financial literacy topics will be seamlessly integrated into the curriculum of federal government schools and colleges. Moreover, educators will be equipped with necessary skills…

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The Pakistani rupee showed a minor decline of 05 paisa against the US dollar in interbank trading on Tuesday (March 5), closing at Rs 279.31 compared to the previous day’s Rs 279.26. However, in the open market, the dollar’s buying and selling rates were reported by the Forex Association of Pakistan (FAP) at Rs 279.3 and Rs 282.3, respectively. Against the other conterparts, the euro witnessed a marginal decrease of 01 paisa, closing at Rs 303.08. The Japanese yen remained stable at Rs 185. The British pound saw a slight increase of 12 paisa, closing at Rs 354.12 compared to…

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Gold prices moved up in Pakistan on Tuesday (March 6), reaching Rs 223,900 per Tola, has certainly made waves in both local and international markets. The remarkable rally reflects not only the dynamics within Pakistan but also the broader global trends in precious metal markets. The price of per tola 24 karat gold increased by Rs2,700 and was sold at Rs223,900. The price of 10 grams of 24 karat gold also increased by Rs 2,315 to Rs191,958 whereas the prices of 10 gram 22 karat gold went up to Rs175,962, reported by All Sindh Sarafa Jewellers Association. The significant increase…

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The Pakistan Stock Exchange (PSX) experienced a bearish trend on Tuesday (March 5), with the 100-index losing 225.68 points, marking a negative change of 0.34 percent and closing at 65,726.04 points. This was a decline from the previous trading day’s closing at 65,951.73 points. During the trading session, a total of 396,598,408 shares were traded, valued at Rs16.591 billion, in comparison to the previous day’s 472,862,687 shares valued at Rs16.282 billion. Among the companies traded, 134 recorded gains, 202 sustained losses, and the share prices of 14 remained unchanged out of the 350 companies that transacted their shares. The top…

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Written By Grant Bourzikas Chief Security Officer, Cloudflare This article is part of: Centre for Cybersecurity AI is stirring a revolution larger than anything ever witnessed. If we fail to clarify the conceptual versus the tangible for businesses and consumers, we will suffer a massive disconnect. We must educate ourselves about AI to recognize and address the potential signal flares or become low-hanging fruit for hackers to exploit; we can’t let innovation and excitement outweigh security and resilience. While overall global VC investments plummeted in 2023 by 38%, funding for AI startups soared, surpassing $50 billion (up 9% from 2022). At times, Wall…

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Written By Kate Whiting Senior Writer, Forum Agenda The World Trade Organization’s members met in Abu-Dhabi for the 13th Ministerial Conference (MC13), chaired by the UAE’s Minister of State for Foreign Trade, His Excellency Dr. Thani bin Ahmed Al Zeyoudi. The World Economic Forum has partnered with the UAE on a three-year TradeTech project that aims to “revolutionize global trade” by leveraging cutting-edge technologies. In an edited version of his interview with Radio Davos, H.E. Dr. Al Zeyoudi, explains what TradeTech is. Global trade is at an inflection point, amid mounting geopolitical tensions and protectionism. At the end of 2023, the…

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Written By Mary Gagen, Swansea University Big corporations could drive a worldwide shift towards more sustainable supply chains that limit damage caused by deforestation. But progress is being slowed down by weak or non-existent commitments to ensure that supply chains for commodities such as soy, palm oil and beef have not contributed to tropical deforestation, according to analysis recently published by the environmental organisation Global Canopy. Based on ten years of data, the Forest 500 report assessed 350 companies, from high-street supermarkets and food producers that might use soy or beef in their supply chains to firms using tropical timber…

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Written By Shyam Bishen Head, Centre for Health and Healthcare; Member of the Executive Committee, World Economic Forum This article is part of: Centre for Health and Healthcare A new World Health Organization study shows 20 million people globally were diagnosed with cancer in 2022. Yet only 39% of countries are providing adequate funding for cancer care and treatment, it finds. The Forum’s Global Health Equity Network is advocating to reduce health inequality. A cancer diagnosis is something every human fears; yet provision of treatment and care is failing to meet the needs of patients around the world. The latest research from the…

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by Anna Fleck Soy, alongside cattle, palm oil, and wood products are the main commodities driving tropical deforestation globally, concentrated in different countries around the world. Each year, thousands of square kilometers of vegetation are destroyed for the intensive cultivation of soybeans – a crop of which approximately 80 percent is used for animal feed worldwide. This destruction of natural ecosystems is particularly pronounced in Brazil’s Cerrado, Gran Chaco and Pantanal regions, as well as the Amazon, even though the latter is under the effect of a moratorium which excludes from commercial channels all suppliers who have been growing soybeans on recently deforested plots…

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by Anna Fleck An investigation by the environmental and human rights group Global Witness, first reported by the BBC, has revealed that three of the world’s major meat producers are linked to acts of illegal deforestation in the Cerrado plains of Brazil. The investigation names JBS, Minerva and Marfrig for illegal deforestation, all of which deny wrongdoing. The investigation focused on the state of Mato Grosso, which is home to just a small part of the expansive Cerrado. It found that much of the land that had been deforested for ranches owned by the three companies did not have permits to remove the trees,…

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by Anna Fleck Democratic watchdog organization Freedom House has released its annual ranking of the world’s most free and most suppressed nations. The report is considered a key barometer for global democracy and this year’s edition found that global freedom has declined for the 18th year straight. A total of 195 countries and 15 territories were analyzed on their levels of access to political rights and civil liberties, before being categorized as either “free”, “partly free” or “not free”. While democracy has been in decline for nearly two decades, the global landscape has improved since the report was first published 51 years ago. Back…

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by Anna Fleck, Four of the top five hospitals in the world are based in the United States, according to a ranking by Statista and Newsweek. Coming in at number one, two, three, four and five, respectively, are Mayo Clinic in Rochester, Cleveland Clinic in Cleveland, Toronto General in Toronto, John Hopkins Hospital in Baltimore, Maryland and the Massachusetts General Hospital in Boston. The Toronto General moved up two ranks this year. Several European hospitals also made it onto the list, including the Charité Universitätsmedizin in Berlin, the Karolinska Universitetssjukhuset in Sweden, and the Hôpital Universitaire Pitié Salpêtrière in Paris. Rounding…

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83pc of businesses in GCC set to raise salary or pay bonus this year Most businesses in the Gulf Cooperation Council (GCC) region are expected to recruit new staff and grant salary increases or bonuses this year, according to a new study. Around 70.1 percent of GCC companies expect employee growth rate to increase, while 83.3 percent are planning to release salary increments or bonuses in 2024, HR consultancy firm PROCAPITA reported on Wednesday. The annual report, which covers recruitment and manpower planning, talent management, compensation benefits and board remunerations within organisations across the GCC, is based on the feedback…

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Foreign bonds spike in range of 1-6 pct Pakistan’s US dollar-denominated Eurobonds and Sukuks staged an outstanding rally in global markets on Wednesday in the wake of ending the political deadlock over the formation of the government in the centre, outperforming emerging-market peers on the day. According to the data compiled and reported by JS Global Research, Pakistan’s foreign bonds spiked in the range of 1-6 percent on the day, overcoming almost all the losses the bonds had recorded post-election upset in Pakistan. Speaking to source, Chase Securities Director of Research, Yousuf M Farooq, said the chances of the formation…

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TECNO Mobile Receives Prestigious Award from the President of Pakistan for Technology Transformation and Financial Inclusion of Women: TECNO Mobile, a leading player in the mobile phone industry, was honored with an award for its outstanding contributions to technology transformation and financial inclusion of women by His Excellency, Mr. Arif Alvi, President of the Islamic Republic of Pakistan. The prestigious event took place at Awan-e-Sadar, gathering distinguished industry leaders, policymakers, corporate executives, startups, and companies excelling in financial inclusion of women and technological advancements. The theme of the event was “Embracing Financial Inclusion & Business Transformation.” World’s First ‘Resilient’ SIM…

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IBA Karachi organises IBA leaders connect, fostering thought leadership and collaborations The Institute of Business Administration (IBA), Karachi held ‘IBA Leaders Connect’ at Movenpick Hotel, showcasing IBA’s dedication to nurturing a community of thought leaders and professionals committed to advancing higher education and empowering young individuals to pursue brighter futures. The event commenced with an opening address by Dean, School of Mathematics and Computer Science, Dr. Shakeel Khoja, who was representing Executive Director, IBA Karachi, Dr. S Akbar Zaidi. Director, Alumni Affairs, Resource Mobilization & Corporate Affairs, Malahat Awan, delivered a presentation highlighting IBA’s impact and opportunities for partnership. Additionally,…

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Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market. KIBOR as a benchmark, to encourage transparency  and improve management of the market risk undertaken by banks. Kibor Rates In Pakistan TENOR BID OFFER 1 – Week 21.79 22.29 2 – Week 21.79 22.29 1 – Month 21.79 22.29 3 – Month 21.54 21.79 6 – Month 21.49 21.74 9 – Month 21.11 21.61 1 – Year 20.99 21.49 Last Updated on 28th Feb 2024 Source: SBP

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Google is swiftly addressing concerns surrounding its new AI-powered image creation tool after facing accusations of over-correcting to avoid potential racism. In a published report, users reported that Google’s Gemini bot was supplying images depicting a range of genders and ethnicities, even when historically inaccurate. For instance, requests for images of America’s founding fathers yielded results showing women and people of colour. Acknowledging the issue, Jack Krawczyk, senior director for Gemini Experiences at Google, stated, “Gemini’s AI image generation does generate a wide range of people. And that’s generally a good thing because people around the world use it. But…

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France’s iconic Eiffel Tower remained shuttered for a fourth consecutive day on Thursday (February 22) as employees prolonged their strike in protest of the monument’s management, as reported by unions. This halt marks the second within a two-month span, underscoring unions’ discontent over what they deem insufficient investment. SETE, the tower’s operator, has urged ticket holders to verify its website prior to their planned visit or consider postponing. E-ticket holders were advised to monitor their emails for updates. Assurances were made by the operator regarding reimbursement for affected ticket holders. Criticism from unions has targeted SETE’s business model, accusing it…

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The recent appreciation of the Pakistani Rupee against the US dollar is indeed a welcome development for the Pakistani economy. The Pakistani Rupee gained ground against the US dollar on Thursday (February 22), marking a rise of PKR 0.17. The interbank foreign exchange market closed at PKR 279.33 to the dollar, reflecting an improvement from the previous day’s closing rate of PKR 279.50. Several factors contributed to this positive shift, including improved economic indicators and a reduction in political uncertainty. The role of the State Bank of Pakistan (SBP) in implementing effective monetary policies and ensuring the smooth functioning of…

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The gold market in Pakistan experienced a modest uptick on Thursday (February 22), with the price per tola of 24-karat gold reaching Rs215,300, reflecting a slight increase in international markets. The price of per tola 24-karat gold increased by Rs100 and was sold at Rs215,300 against Rs215,200 on day earlier. The price of 10 grams of 24-karat gold also increased by Rs85 to Rs 184,585 from Rs184,500 whereas the prices of 10 gram 22 karat gold went up to Rs169,203 from Rs169,124, the All Sindh Sarafa Jewellers Association reported. The price of per tola and ten-gram silver remained constant at…

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The 100-index of the Pakistan Stock Exchange (PSX) remained higher on Thursday, gaining 355.19 points or 0.58 per cent, closing at 61,914.34 points against 61,559.16 points the day earlier closing. The positive momentum observed in the market continued from the previous day, with Pakistan equities initiating the trading session on a positive note, according to top analysts in the market. The bullish trend persisted throughout the day, reflecting a renewed confidence in the market. The 0.58 per cent gain in the KSE-100 index is seen as a testament to the growing optimism among investors. The driving force behind the buying…

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by Felix Richter, Even in a globalized world, language barriers have the potential to exclude people from access to information and participation in the global conversation. After all, what good is the world wide web if you speak a language whose footprint barely extends beyond the borders of your own country? Thankfully, there’s English, the internet’s lingua franca, connecting people from all over the world. According to estimates from W3Techs, more than half of all websites use English as their content language. And while English is in fact the best bet if you want to maximize your potential audience online, its global…

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by Katharina Buchholz, Views around medicine differ greatly around the world. As data from Statista’s Consumer Insights shows, around a quarter of urban respondents in India (28 percent) and the Philippines (26 percent) as well as Switzerland, South Africa and China (24 percent each) would opt for alternative healing methods over conventional medicine. In general, Asian countries – many with well-known schools of traditional healing – are more open to the sector. This also includes Pakistan, Thailand (22 percent each) and Singapore (20 percent), but excludes South Korea and Japan, where very few said they liked alternative healing methods. The United Arab Emirates and…

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Pakistani rupee recorded resilience on Wednesday (February 21) by appreciating by PKR 0.07 against the US dollar at the closing of the interbank foeign exchange market. The recent appreciation of the Pakistani rupee against the US dollar indeed signals positive developments for the country’s economy. This resilience can be attributed to various factors, including improved economic indicators and a reduction in political uncertainty. The role of the State Bank of Pakistan in maintaining stability through effective monetary policies is also noteworthy. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the…

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The Pakistan Stock Exchange (PSX) experienced a bullish trend on Wednesday (February 21), with the 100-index gaining 1,094.91 points, a positive change of 1.81%, closing at 61,559.16 points. Throughout the day, the market showed positivity, reaching an intraday high of 61,621 points and a low of 60,907 points. This surge in the market was largely attributed to recent political developments, notably the consensus among major political parties to form a coalition government. Investors reacted positively to the news, anticipating improved economic reforms and policy continuity under a coalition government. A total of 362,771,035 shares valued at Rs12.492 billion were traded…

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Zong 4G, Pakistan’s leading telecommunication organization Zong 4G, has collaborated with BaKhabar Kisan to facilitate seamless communication between the Farmers and Agri Experts to make informed and timely decisions, maximize yield and financial benefits to their livelihoods. BaKhabar Kisan is a comprehensive agricultural knowledge platform for farmers throughout Pakistan offering expert guidance on weather, crop and livestock advisory, modern agricultural practices, and disaster management. It facilitates the connection between the farmers and Agri experts, promoting modern agricultural practices through personalized Agri content. Zong 4G has announced this strategic collaboration with BaKhabar Kisan in a dedicated initiative to foster Agri-tech advancement…

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The Pakistani rupee depreciated by 21 paisa against the US dollar, closing at PKR 279.57 in the interbank market on Tuesday (February 20), driven by increased demand for foreign currency, particularly for imports and corporate payments reflecting demand pressure for foreign payments. A recent uptick in foreign exchange reserves to $13.149 billion, indicating positive economic trajectory, ongoing political turmoil poses concerns for currency stability. Policymakers and financial institutions must prioritise measures to enhance economic resilience and attract foreign investment, ensuring stability in currency markets amidst global uncertainties. According to the Forex Association of Pakistan (FAP), the buying and selling rates…

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Modest increase witnessed in the prices of gold as per tola 24 karat gold increased by Rs 150 and was sold at Rs 214,450 on Tuesday (February 20) against Rs 214,300 day earlier trade. According to reports stable global rates failed to deter local factors influencing the precious metal market. The price of 10 grams of 24 karat gold also increased by Rs 128 to Rs 183,856 whereas the prices of 10 gram 22 karat gold went up to Rs 168,535, the All Sindh Sarafa Jewellers Association reported. The price of per tola silver increased by Rs 20 to Rs…

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Written By Kate Whiting Senior Writer, Forum Agenda In January, the US Senate held a hearing on child safety online, which was attended by the CEOs of five social media platforms. The 2024 Edelman Trust Barometer showed social media is the least trusted industry. The World Economic Forum’s Digital Trust Initiative has published a white paper, outlining ways to rebuild trust in digital technologies. Our lives are digital. From working and reading blogs, like this one, to bank transactions and social interactions, so many of our everyday activities now depend on digital technologies. That’s why being able to trust those…

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Written By Ameya Hadap Specialist, Climate Innovation, World Economic Forum Thibault Villien De Gabiole Lead, Industry Decarbonization – Trucking, World Economic Forum Laia Barbarà Acting Head, Climate Strategy, World Economic Forum This article is part of: Centre for Nature and Climate With the growing demand for greener alternatives, the competition for renewable resources has intensified. We must address fair distribution, supply chain solutions, technological advancements, policies and the importance of investment and partnerships to accelerate the allocation of renewable resources by 2030. Industry specialization and equitable allocation provide a blueprint for mitigating resource competition, while the imperative of…

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Written By Will Brownlie, UK Centre for Ecology & Hydrology; Mark Maslin, UCL, and Peter Alexander, The University of Edinburgh Soils around the world are running low on potassium, a key nutrient needed for plants to grow. This ultimately means we may not be able to grow enough food for everyone. But it’s not too late: we have just published research identifying six things we must do to safeguard potassium supplies and food production. Potassium is required for plant growth alongside nitrogen and phosphorus (known as kalium in latin, potassium is the K in NPK fertilisers). While nitrogen and phosphorus…

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Written By Oguz A. Acar Professor of Marketing and Innovation, King’s College London This article is part of: Centre for the Fourth Industrial Revolution Generative AI tools are already altering how educators and students interact. And while there is much talk of risks, there are also many opportunities to reimagine how we educate in the age of Generative AI. From helping teachers focus on teaching to allowing students to work on far more ambitious projects, AI has the potential to be a great force for good in education. Generative AI tools have astonished the academic world. They have thrived in Harvard’s freshman…

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Written By Anna Sarnek Director of Strategic Alliances, Valence Security The number of data compromises linked to third-party integrations surged in 2023, significantly impacting organizations due to the interconnected nature of modern SaaS (software as a service) environments. Organizations must adopt comprehensive SaaS security strategies, including strong identity security, configuration management and integration auditing, to mitigate vulnerabilities and data breaches. Integration of AI and SaaS application adoption means robust third-party risk management practices have become paramount for securing critical business data and applications. The year 2023 ended as another record breaker for the number of data compromises organizations face. In the…

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Written By Paige Bennett Writer, EcoWatch This article is part of: Centre for Nature and Climate A new scientific study has revealed that the chemicals in air pollution may be disrupting plant reproduction Nitrate radicals (NO3) and ozone pollutants, common byproducts of car exhaust and burning fossil fuels, make it harder for pollinators, like moths, to find flowering plants. The authors warn that pollinators are critical for plant health, food systems and food security. A new study has revealed that the chemicals in air pollution may be disrupting plant reproduction, as the pollutants mask the scent of flowering plants and make…

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Written By Giulia Carbone Director, Natural Climate Solutions Alliance, World Business Council for Sustainable Development (WBCSD) This article is part of: Centre for Nature and Climate Natural Climate Solutions (NCS) combat climate change, biodiversity loss, and inequity. Community co-ownership ensures long-term success, seen in projects aimed at protecting some of the world’s most vulnerable forests. Scaling up NCS is vital to reaching global climate and nature goals, with trust and transparency being key elements for success. As the world grapples with climate change, biodiversity loss and inequity, natural climate solutions (NCS) projects are a powerful way to create positive environmental, economic…

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Written By Naoko Tochibayashi Communications Lead, Japan, World Economic Forum Naoko Kutty Writer, Forum Agenda This article is part of: Centre for the Fourth Industrial Revolution New overtime regulations for truck drivers come into force this year in Japan. The so-called 2024 problem is forcing the logistics industry to reassess its practices. Public-private efforts can foster sustainable growth in the logistics industry. As the economy continues its recovery from the COVID-19 pandemic, various challenges are coming to light. Among them, the “2024 problem” looming over Japan’s logistics industry stands out as an issue requiring urgent attention. In Japan’s logistics industry,…

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Ukrainian forces withdraw from Avdiivka: Russian troops were about to encircle the town Published in AlJazeera, on Feb 20th, 2024, Shmyhal says delays in providing long-range artillery, missile equipment is ‘main danger for us on the battlefield’. Ukraine needs long-range missiles and other ammunition to repel Russian troops, Prime Minister Denys Shmyhal has said, as the country nears its third year of war amid battle losses and shrinking foreign aid. Speaking during a visit to Japan on Tuesday, Shmyhal said Ukraine has modern equipment and trained soldiers and is fighting at NATO standards, but the country needs more long-range missiles…

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The Chinese city of Xiamen seen from Taiwan’s Kinmen islands Published in Saudi Gazette, on Feb 19th, 2024, HONG KONG — China is increasing patrols in waters near a group of frontline islands controlled by Taiwan, as tensions rise after two Chinese fishermen drowned during a pursuit by Taiwan’s coast guard who accused them of trespassing. China’s coast guard said Sunday its Fujian division will strengthen maritime law enforcement and carry out “regular patrols” in waters around the Chinese city of Xiamen and Taiwan’s Kinmen islands, which lie just miles apart. The move is aimed at “further maintaining the order…

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Published in The Nation, on Feb 20th, 2024, Anadolu The Palestinian resistance group Hamas stressed Monday that it would only accept a prisoner swap deal with Israel if it agreed to a full cease-fire and the entry of relief aid into the Gaza Strip. “The return of (Israeli) occupation prisoners has three prices. The first is the relief of our people and their return to a normal life. The second is ending the aggression, and the third is a real prisoner swap deal that frees our 10,000 prisoners in Israeli jails,” Khalil al-Hayya, a member of the group’s political bureau,…

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Mission ‘Aspides’ will aim to preserve freedom of navigation in the Red Sea and the Gulf of Aden. Published in Saudi Gazette, on Feb 20th, 2024, BRUSSELS — The European Union on Monday formally launched a bespoke naval mission to protect commercial vessels in the Red Sea from attacks by Houthi rebels. Mission ‘Aspides’ — Greek for shield — will aim to preserve freedom of navigation in the Red Sea and the Gulf of Aden, a region plagued with instability since October when Houthi rebels began targeting vessels navigating the waterway with a barrage of drone and rocket attacks. The…

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UN experts are raising concerns over allegations of human rights violations against Palestinian women and girls [Mohammed Salem/Reuters] Published in AlJazeera, on Feb 19th, 2024, United Nations experts are expressing alarm over reports of alleged human rights violations in Gaza and the West Bank. UN experts have expressed alarm over allegations of human rights violations against Palestinian women and girls in Gaza and the occupied West Bank since Israel launched its war on Gaza on October 7. The UN Office of the High Commissioner for Human Rights (OHCHR) said in a statement on Monday that it had received information that…

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The US Arleigh Burke-class guided-missile destroyer USS Carney defeats a combination of Houthi missiles and unmanned aerial vehicles in the Red Sea [Aaron Lau/US Navy/AFP] Published in AlJazeera, on Feb 18th, 2024, US says it hit three mobile anti-ship cruise missiles, one unmanned underwater vessel and one unmanned surface vessel. The United States has conducted five strikes in areas of Yemen controlled by Houthi rebels, US Central Command (CENTCOM) has said. It said it struck three mobile anti-ship cruise missiles, one unmanned surface vessel, and one unmanned underwater vessel (UUV) on Saturday. end of list “This is the first observed…

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Volkswagen’s MEB plant in Hefei, Anhui, operates at full capacity, producing NEVs for Europe. With 1,000 robots and advanced industrial CT for quality analysis, the facility epitomizes cutting-edge manufacturing. Volkswagen’s $4.22 billion investment in Hefei spans R&D to sales. China’s drive for industrial modernisation attracts global giants like Moderna and BMW. In 2023, China’s FDI exceeded 1.13 trillion yuan, with biomedicine and automobile manufacturing leading the charge. The nation’s economic planner unveils $15 billion flagship projects, emphasising high-tech sectors. Foreign firms, including Siemens and Volkswagen, expand R&D centres in China, tapping into local innovation. Volkswagen Anhui’s CEO emphasises the ‘in…

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Saudi Arabia’s ascendancy in electronic government services is underscored by its top ranking in the Middle East and North Africa, as affirmed by the UN’s Government Electronic and Mobile Services Maturity Index (GEMS). With an overall maturity score of 93 per cent and significant advancements across all indicators, the Kingdom demonstrates a steadfast commitment to digital transformation. Ahmed Al-Suwaiyan, governor of the Digital Government Authority, attributes this achievement to the concerted efforts of government agencies and strong leadership support. This recognition aligns seamlessly with the objectives of Vision 2030, particularly in fostering a digital society and optimizing new technologies to…

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The memorandum of understanding (MoU) between Green Corporate Initiative and Organic Pakistan signifies a crucial step towards making Pakistan self-sufficient in food production. The agreement signed on Monday (February 19) aims to revolutionise agriculture practices in the country, emphasizing sustainability and environmental conservation. By transitioning from food import dependency to self-sufficiency and even becoming a food-exporting nation, Pakistan aims to strengthen its agricultural sector and elevate the status of farmers in economic development. The collaboration between Green Corporate Initiative and Organic Pakistan seeks to leverage strategic partnerships, knowledge exchange, and innovative initiatives to foster resilience, sustainability, and inclusivity within the…

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The rupee on Monday (February 19) gained 01 paisa against the US dollar in the interbank trading and closed at Rs 279.35 against the previous day’s closing of Rs 279.36. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.3 and Rs 282.2, respectively. The price of the euro increased by 61 paisa to close at Rs 301.27 against the last day’s closing of Rs 300.66, according to the State Bank of Pakistan (SBP). The Japanese yen gained 01 paisa to close at Rs 1.86,…

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The surge in gold prices by Rs 1,100 in Pakistan on February 19, 2024, reflects a broader global trend driven by geopolitical tensions, economic uncertainties, and increased demand from institutional investors. The per tola price of 24 karat gold increased by Rs 1,100 and was sold at Rs 214,300. The price of 10 grams of 24 karat gold also increased by Rs 943 to Rs 183,728 whereas the prices of 10 gram 22 karat gold went up to Rs 168,417 from Rs 167,553, the All Sindh Sarafa Jewellers Association reported. The price of per tola and ten gram silver remained…

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The Pakistan Stock Exchange (PSX) saw a bullish trend on Monday, with the 100-index gaining 586.79 points, marking a positive change of 0.98 percent and closing at 60,459.75 points compared to the previous trading day’s 59,872.96 points. During the trading session, a total of 261,799,826 shares worth Rs. 9.907 billion were traded, a decrease from the previous day’s 314,247,768 shares worth Rs. 12.243 billion. Among the 330 companies traded, 170 recorded gains, 139 sustained losses, and the share prices of 21 remained unchanged. The top-trading companies included PIAC(A) with 21,406,500 shares traded at Rs. 11.06 per share, WorldCall Telecom with…

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Published in A Sports, on Feb 19th, 2024, By A Sports LAHORE: The affairs of the Pakistan Cricket Board (PCB) have been transferred from Ministry of Inter Provincial Coordination (IPC) to Cabinet Division, ARY News reported on Monday. According to a notification issued today, the cricketing body will now run directly under the Prime Minister’s Office (PMO) and will no longer be answerable to the Ministry of IPC. Furthermore, the notification stated that the IPC Secretary will not be a member of PCB’s Board of Governors. The development came after Mohsin Naqvi was elected unopposed as Pakistan Cricket Board (PCB) chairman. The…

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by Katharina Buchholz, Lifestyle and habits can have a big effect on our health – and our life expectancy. A recently released study that followed U.S. veterans of the age group 40 to 99 between the years 2011 and 2019 is attempting to show just how much. According to mortality trends collected among 719,147 veterans and lifestyle factors assessed among 276,132, being physically active lowered the risk of death among the sample population the most – by 46 percent – opposite someone with no healthy habits and factors. The study applied the Department of Health’s recommendation of 150 minutes of moderate exercise or 75 minutes of vigorous…

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by Florian Zandt, With improvements in medical care and living standards in many countries around the world, the 20th century saw a dramatic increase in life expectancy at birth. While some of the most significant gains are apparent between 1900 and 1950, apart from the immediate effects of World War II, due to a variety of economic and political developments, even the past 50 years saw a steady uptick in the estimated lifespans of the world’s population. For example, the worldwide average lifespan of a person born in 1971 was 58, while in 2021, this number rose to 71, an increase of…

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by Anna Fleck, Overall, the quality of tap water is pretty good in Europe, with 99 percent of the population in many countries having access to safely managed drinking water (data from 2022). Yet, as data from a Statista Consumer Insights survey reveals, a sizable chunk of respondents questioned in 2023 said they regularly drink bottled water (daily or weekly consumption). This is despite the fact that the plastic waste generated is harmful to the environment, and that bottled water is much more expensive: up to 100 times more expensive than tap water. What’s more, several scientific studies have shown that bottled water is a leading…

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Zong 4G and Batik have signed a formal agreement encompassing GSM Connectivity, Attendance Management Solutions, and Push to Talk devices for their dispersed workforce stationed throughout Pakistan. Batik Clothing is a renowned Pakistani clothing brand with a presence in seven major cities of Pakistan. The brand currently has over 14 outlets in Pakistan and is considered one of the most reputable clothing brands in Pakistan. Zong 4G, Pakistan’s largest telecom service provider has collaborated with the esteemed clothing brand Batik to provide cutting-edge digital solutions to boost the brand’s performance and expand their customer base. Batik Clothing is a renowned…

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