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The SpainSat NG I satellite has been successfully launched aboard a SpaceX Falcon 9 rocket from Cape Canaveral, marking a significant milestone for Spain’s space industry. This secure communications satellite will enhance military and governmental communication capabilities for Spain, NATO, the European Commission, and allied nations. A Major Step for Spain’s Space Sector The SpainSat …
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Redmond, Washington: Microsoft’s stock fell 4.5% in after-hours trading on Wednesday after the company forecast slower growth in its cloud computing business, raising concerns about AI monetization, rising costs, and competition from cheaper Chinese AI models. Despite beating overall revenue estimates, Microsoft’s Azure cloud division reported 31% revenue growth, missing Wall Street’s expectation of 31.8%. …
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The Pakistan Stock Exchange (PSX) made a strong comeback after three consecutive losing sessions, with the KSE-100 Index surging over 1,700 points. Investor confidence returned, driving aggressive buying, particularly in the second half of the session. Market Rally and Key Performers The benchmark index soared to an intra-day high of 113,400.57 before closing at 113,206.40, …
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Azerbaijan has expressed strong investment interest in Pakistan, particularly in infrastructure and communications projects. The move aims to enhance bilateral ties and boost regional connectivity between the two nations. High-Level Talks on Investment Opportunities Privatisation Minister Abdul Aleem Khan led a high-level delegation to Azerbaijan, where he met with Minister of Digital Development and Transport …
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New York: Arabica coffee prices soared above $3.60 per pound on Wednesday, reaching a record high as Brazil, the world’s largest producer, faces limited supplies and uncertainty over its upcoming harvest. Dealers report that 70-80% of Brazil’s current arabica harvest has already been sold, slowing down new trades. Brazil produces nearly half the world’s arabica …
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Islamabad: The Pakistan government is considering imposing a Federal Excise Duty (FED) on sugar to address a tax shortfall, news were reported on Thursday. The Federal Board of Revenue (FBR) is struggling with a revenue shortfall exceeding Rs 50 billion for January 2025. Officials are exploring new tax measures ahead of the IMF review for …
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Consumers should prepare for a possible fuel price hike in the first half of February. Industry sources indicate that petrol, high-speed diesel (HSD), kerosene oil, and light diesel oil may see price increases due to refining costs and government-imposed taxes. Projected Price Increases According to market estimates, petrol prices may rise by Rs1.24 per liter, …
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Christie has introduced the Sapphire 4K40-RGBH, the world’s first high-brightness hybrid RGB pure laser and laser phosphor projector. Set to debut at ISE 2025, this cutting-edge technology promises unmatched brightness, color accuracy, and immersive experiences for a range of applications, including visitor attractions, live events, and media-based installations. Revolutionary Hybrid Illumination System The Sapphire 4K40-RGBH …
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Rawalpindi: The Metro Bus service in Rawalpindi and Islamabad has been partially suspended, disrupting travel for thousands of commuters, news were reported on Thursday. According to the Metro Bus administration, the service is closed from Saddar Station to Faizabad due to ongoing track maintenance. However, buses are operating normally from IJP Road to the Pak …
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London: Shell reported a sharp drop in fourth-quarter profits, missing analyst estimates due to weak refining margins and LNG trading challenges. However, the energy giant announced a $3.5 billion share buyback and a 4% dividend increase, aiming to reassure investors. Profit Misses Expectations Shell’s adjusted earnings (net profit) for Q4 2024 stood at $3.66 billion, …
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With only 20 days left until the Champions Trophy 2025, Pakistan remains the only team yet to announce its squad. All other participating teams have finalized their selections, but the Pakistan Cricket Board (PCB) is facing delays due to uncertainty surrounding Saim Ayub’s injury. Delay Caused by Saim Ayub’s Injury According to a report by …
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Terrorist hideouts in North Waziristan faced a decisive blow as security forces launched an intelligence-based operation (IBO) in the Mir Ali area. During the intense firefight, six terrorists were eliminated, but the operation came at a heavy cost. A Pakistani Army major and a soldier embraced martyrdom while leading the mission, according to the Inter-Services …
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The gold market in Pakistan witnessed high prices on Thursday, 30th January 2025, with gold showing a slight increase. The price of 1 tola of 24-karat gold was Rs. 290,300, while 22-karat gold was priced at Rs. 266,106 per tola. For those interested in 21-karat gold, the price stood at Rs. 254,013 per tola, and 18-karat …
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Karachi: Airport authorities are speeding up the upgrade of runway 07L, which will be classified under category 4F, allowing it to handle the world’s largest aircraft. The new runway will support the Airbus A380, a massive aircraft with a capacity of 600 passengers. Officials say the construction will be completed by the end of 2025. …
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Islamabad: The government has enforced the controversial Prevention of Electronic Crimes (PECA), Amendments Act, 2025 across Pakistan after President Asif Ali Zardari gave his assent. The law has sparked outrage among journalists and media organizations. The Establishment Division has officially issued a gazette notification, confirming the enforcement of the PECA Amendments Act, 2025. The law …
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Palestinian displacement remains a red line for Egypt and Jordan. Both nations firmly rejected Donald Trump’s proposal to relocate Gaza population to their territories, calling it an unjust and destabilizing move. Strong Opposition from Egypt and Jordan Egyptian President Abdel Fattah el-Sisi dismissed the idea outright, stating that any forced displacement of Palestinians is unacceptable. …
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Cricket fever is at its peak as Champions Trophy 2025 tickets are selling fast. Within hours of sales opening, tickets for three high-profile matches were completely sold out. Fans showed overwhelming enthusiasm for the tournament, proving their unwavering support for international cricket in Pakistan. High Demand for Key Matches The Pakistan Cricket Board (PCB) confirmed …
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Pakistan’s edible oil crisis is worsening as shipments of cooking oil and ghee remain stuck at Port Qasim. For over a week, no consignments have been cleared, raising concerns about potential shortages and price hikes. The clearance process has completely halted, leaving the country vulnerable to supply disruptions. Edible Oil Shipments Stalled The backlog at …
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Former President Donald Trump’s NASA intervention has stirred controversy. On Tuesday, he claimed to have asked Elon Musk’s SpaceX to bring back two NASA astronauts from the International Space Station (ISS) “as soon as possible.” However, these astronauts were already scheduled to return on a SpaceX capsule in March. Trump’s demand has raised questions about …
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Indian reality TV star Rakhi Sawant’s wedding is making headlines once again. This time, she is set to marry Pakistani actor Dodi Khan. Known for her bold statements and dramatic love life, Sawant confirmed that she has accepted Khan’s proposal and is ready for a wedding in Pakistan. A Cross-Border Love Story Sawant’s connection with …
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Gold prices in Pakistan saw a sharp increase, with 24-karat gold rising by Rs.2,300 per tola, reaching Rs.288,700 on Wednesday. This surge follows global trends, where gold continues to act as a safe-haven asset amid economic uncertainty. Gold Rates Increase Across Markets The price of 10 grams of 24-karat gold also rose by Rs.1,972, reaching …
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Apple’s latest iOS 18.3 update brings a game-changing feature for T-Mobile users in the U.S.—support for Starlink’s direct-to-cell service. This addition allows iPhone users to send and receive text messages in areas without cellular coverage, marking a significant upgrade from previous emergency-only satellite communication. Satellite Messaging Now Available for iPhone Users The feature integrates seamlessly …
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Thousands of Palestinian refugees face an uncertain future as Israel prepares to ban the United Nations Relief and Works Agency (UNRWA). The agency provides essential services, including healthcare, education, and sanitation, to millions in Gaza, East Jerusalem, and the West Bank. With the ban set to take effect on February 1, panic and despair are …
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