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Daily Archives: July 5, 2024

Chinese AI market optimistic despite scrutiny from West


July 5, 2024

China’s AI sector showed confidence this week at a major fair in Shanghai that it would overcome restrictions imposed by the West, with companies rolling out cutting-edge products developed by a growing pool of young talent. The country’s generative AI industry has shown explosive growth, with the United Nations reporting China has in recent years been the top filer of patents for AI software …

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Javelin ace Arshad Nadeem heads to Paris Diamond League ahead of Olympics


July 5, 2024

Pakistan’s javelin throwing phenomenon Arshad Nadeem is finally making his debut in the 2024 athletics season at this weekend’s Paris Diamond League. The 27-year-old and his coach, Salman Butt, flew to Paris on Thursday morning ahead of the elite one-day track and field event on July 7. His season opener in the French capital comes after he withdrew from the …

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Pakistan into Asian team snooker semis


July 5, 2024

RIYADH: Pakistan’s snooker duo, Asjad Iqbal and Awaisullah Munir, produced a sensational performance to defeat India 3-0 in the quarter-finals of the ACBS Asian 15-Red Team Snooker Championship on Thursday. The Pakistani pair dominated the match from the start, winning the first frame 63-35 against Indian cuiests Sarav Kothari and Hussain Khan. Asjad and Awaisullah, 30, continued their impressive form, taking …

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No decision yet over Babar’s future as captain, says Mohsin


July 5, 2024

LAHORE: Pakistan Cricket Board (PCB) chairman Mohsin Naqvi on Thursday said no decision has been made on Babar Azam’s future as captain yet, and the future course of action will be taken after consultation with former players and head coach Gary Kirsten. Mohsin said he would meet head coach Kirsten and his assistant Azhar Mahmood here soon to discuss the …

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Stadiums’ upgradation for Champions Trophy is PCB’s initiative, not ICC’s requirement: official


July 5, 2024

LAHORE: The refurbishment and construction of portions of three stadiums by the Pakistan Cricket Board (PCB) in Lahore, Karachi, and Rawalpindi were not requirements of the International Cricket Council to host next year’s Champions Trophy; rather, it was the PCB’s own decision, Dawn has learnt. With costs amounting to billions, refurbishment and construction of the three stadiums had already begun just seven months …

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Champions Trophy headlines Pakistan’s home season but India uncertainty remains


July 5, 2024

The Champions Trophy headlines Pakistan’s home 2024-25 season but doubts remain whether neighbours India will make the trip across the border for the elite 50-overs tournament, which is being held for the first time since 2017. Thanks to their soured political relations, India have not visited Pakistan since 2008 and the cricket-mad countries play each other only at multi-team events. Pakistan hosted the …

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FBR issues new returns forms for tax year 2024


July 5, 2024

ISLAMABAD: The Federal Board of Revenue (FBR) has notified new returns forms for salaried persons, association of persons (AoPs) companies, and business individuals for the tax year 2024. The electronic copies of returns for these categories were notified through an SRO949 of 2024 released on Thursday. Through this notification, FBR has also made amendments to the income tax rules. Through …

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Another major power tariff hike looms for consumers


July 5, 2024

• Hearing on Rs700bn electricity tariff increase on 8th • Protected consumers face 51pc rise • Real applicable average national tariff to hit Rs65-72 per unit ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has called a public hearing on July 8 on the question of passing on more than Rs700 billion additional burden to electricity consumers during the current …

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CCP okays cross-border assets’ acquisition


July 5, 2024

ISLAMABAD: The Competition Commission of Pakistan (CCP) has green-lighted a merger within the cross-border remittances and currency exchange business. An official announcement of the CCP said the approved transaction entails the acquisition of certain assets of Wall Street Exchange Company (Pvt) Ltd (WSE) by UBL Currency Exchange (Pvt) Ltd (UCE) pursuant to a letter of intent (LoI) and later through …

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