Business

Google said on Monday it will release a conversational chatbot named Bard, setting up an artificial intelligence showdown with Microsoft which has invested billions in the creators of ChatGPT, the hugely popular language app that convincingly mimics human writing. ChatGPT, created by San Francisco company OpenAI, has caused a sensation for its ability to write essays, poems or programming code on demand …

Shares at the Pakistan Stock Exchange (PSX) jumped on Monday, with the benchmark KSE-100 index reaching 41,102.82 points at 3:14pm, up 631.66 points, or 1.56 per cent. Intermarket Securities’ Head of Equity Raza Jafri said state-owned Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) were leading the rally on hopes that circular debt resolution may entail …

“In the longer term, the investment potential in Pakistan is huge,” says Alfred Grannas, the German Ambassador to Pakistan. In an informal interview at Dawn‘s head office, the ambassador outlined the country’s potential for exporting hydrogen. “Pakistan has potential for wind and hydropower. It is one of the most promising things that can be built up to a large scale — …

ISLAMABAD: Amid challenging engagements with international lending agencies to unlock external flows for the balance of payments and flood recovery, the Centre has cast off Punjab’s Rs400 billion health insurance scheme in its present form and size, targeting the entire population of the province, including the rich and the poor. The project, named “Implementation of Universal Health Coverage under Health …

Lawmakers of India’s main opposition party kicked off planned protests at some state-run companies on Monday over the crisis at Adani group, whose seven listed firms saw another sell-off that drove their market loss to $112 billion in under two weeks. Members of the Congress party plan to protest outside several offices of state-owned insurer Life Insurance Corporation (LIC) and …

Oil prices inched up in early trade on Monday after falling around eight per cent last week to more than three-week lows as jitters over major economies outweighed signs of a demand recovery in China, the world’s top oil importer. Brent crude futures crawled up 16 cents, or 0.2pc, to $80.10 a barrel at 0022 GMT, while US West Texas …

MUMBAI: India’s securities regulator said Satur­day that markets were stable and protected from further volatility, following a phenomenal share rout that hit the business empire of tycoon Gautam Adani. The combined market cap of Adani Group’s listed companies has collapsed by around $120 billion – about half of the conglomerate’s value — since US short-seller Hindenburg Research released an explosive report in …

KARACHI: In the absence of any regulatory check at the government end, the manufacturers on Saturday again raised the steel bar prices by another Rs15,000 to toss it to historic highs above Rs300,000 per tonne for the same reasons cited a day earlier. Steel bar consumers were surprised and shocked to receive or Rs25,000 per tonne hike in less than …

KARACHI: The benchmark of representative shares of the Pakistan Stock Exchange (PSX) moved within a short range during the outgoing week on political and economic crises. Arif Habib Ltd said the terrorist attack in Peshawar, which caused concerns about the overall security situation in the country, took a toll on the index. However, the commencement of talks between the International Monetary …

ISLAMABAD: Traders have threatened to launch a nationwide protest if the government imposes a fresh wave of taxes to fulfil International Monetary Fund’s (IMF) conditions and demanded that the government instead cut salaries of army generals, judges and parliamentarians. Talking to the media in Islamabad on Saturday, representatives of the Markazi Tanzeem Tajiran (Central Organisation of Traders) of Pakistan said …