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OpenAI, backed by Microsoft (MSFT.O), announced on Thursday the launch of new AI models aimed at tackling complex problems in fields like science, coding, and math. The models, named o1 and o1-mini, are designed to spend more time processing tasks, improving their ability to reason and solve harder problems compared to previous versions. Starting Thursday, …
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KARACHI: Zubair Motiwala, Chairman of the Businessmen Group (BMG), emphasized the critical role of industrialization in Pakistan’s development at an event hosted by the Korangi Association of Trade and Industry (KATI) in Karachi. He highlighted that the country cannot progress without industrial growth and urged the need for reducing production costs to compete globally. Motiwala …
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Faisalabad: Kamran Ghulam’s brilliant century, supported by half-centuries from Iftikhar Ahmed and Abdul Samad, helped the Markhors post an imposing 347-6 against the Panthers in the opening match of the Champions One-Day Cup on Thursday. After being invited to bat first, Markhors lost both openers early, with 64 runs on the board by the 13.2 …
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The Pakistan Telecommunication Authority (PTA) informed the Sindh High Court (SHC) on Thursday that social media platform X, formerly known as Twitter, has been restored for users across the country. PTA’s lawyer, Ahsan Imam, announced that the authority has withdrawn its previous notification regarding the suspension of X services. This statement was submitted in response …
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The Islamabad High Court (IHC) on Thursday questioned the federal government over the possibility of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan facing a military trial. Justice Miangul Hassan Aurangzeb expressed concern over the trial of a civilian in a military court, stating that it was worrisome for both the petitioner and the court. “Is Imran …
The Power Division announced on Wednesday that consumers could benefit from a reduction of up to Rs2.65 per unit (including taxes) due to fuel price adjustments. The statement explained that electricity prices have decreased by Rs2.93 per unit due to fuel price adjustments. However, there has been an increase of Rs1.74 per unit under quarterly …
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The State Bank of Pakistan (SBP) reduced its key policy rate by 200 basis points to 17.5%, effective from September 13, 2024, as inflation fell to 9.6%, marking the first single-digit figure in three years. The Monetary Policy Committee (MPC) noted that inflation dropped faster than expected, due to delayed energy price hikes and lower …
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The National Aeronautics and Space Administration (NASA) has shared a mesmerizing image of the Red Spider Nebula, a celestial phenomenon located 3,000 light-years away in the constellation Sagittarius. The photograph showcases the nebula’s vivid red hues and spider-like appearance, leaving social media users captivated by its beauty. The image features striking orange waves of heated …
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ISLAMABAD – The National Electric Power Regulatory Authority (NEPRA) has fined K-Electric (KE) Rs 10 million over electrocution incidents that claimed 33 lives in Karachi between 2022 and 2023. NEPRA imposed the fine after rejecting KE’s response to a show-cause notice regarding the fatal incidents. The regulatory body has ordered K-Electric to deposit the fine …
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KARACHI – A fire at an illegal petrol pump in Karachi’s Shah Faisal area claimed one life and trapped residents inside a nearby building. The fire, which broke out on Monday, engulfed the structure, creating panic as thick smoke filled the area. Initial reports confirmed that the petrol pump was operating illegally beneath a residential …
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