December 2024

US adds 9th telcom to list of companies hacked by Chinese-backed Salt Typhoon cyberespionage

U.S. officials have added a ninth telecommunications company to the list of entities compromised by a sweeping Chinese-linked cyberespionage operation known as Salt Typhoon, a top White House official said Friday. Anne Neuberger, the U.S. deputy national security advisor for cyber and emerging technology, told reporters on a call that the unnamed telecom was added […]

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Tech companies face tough AI copyright questions in 2025

The new year may bring pivotal developments in a series of copyright lawsuits that could shape the future business of artificial intelligence. The lawsuits from authors, news outlets, visual artists, musicians and other copyright owners accuse OpenAI, Anthropic, Meta Platforms and other technology companies of using their work to train chatbots and other AI-based content

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Pakistan becomes 3rd largest sesame exporter with $1bn in annual exports

Pakistan has emerged as the world’s third-largest exporter of sesame, with annual exports exceeding $1 billion. Federal Minister for National Food Security and Research Rana Tanveer Hussain highlighted sesame as a high-value cash crop with significant export potential during an international sesame investment conference in Islamabad. “Sesame’s success underscores its transformative role in Pakistan’s economy,”

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World Bank estimates China’s full year growth at 4.9% in 2024

The latest China Economic Update, titled “Reviving Demand, Regaining Momentum,” released by the World Bank today, estimates China’s full-year growth at 4.9% in 2024, with a slight deceleration projected to 4.5% in 2025. The report underscores that while recent policy easing offers moderate support, household and business confidence remains fragile, and the property sector continues

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Leopards Courier wins best logistics partner for e-commerce at Global Digital Awards 2024

Leopards Courier Services has proudly been named the Best Logistics Partner for E-Commerce 2024 at the prestigious Global Digital Awards organized by the Pakistan E-Commerce Association. Winning this award through public voting highlights Leopards’ leadership in the logistics and e-commerce industries and reaffirms its reputation as Pakistan’s number one courier and logistics company. The ceremony

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State Bank injects Rs 575.8 bn via reverse repo operation

The State Bank of Pakistan (SBP) conducted a reverse repo-based Open Market Operation (OMO) today, injecting Rs 575.8 billion into the banking system to address liquidity shortages. According to the SBP’s announcement, the injection was executed at a rate of 13.07% for a tenor of eight days. The central bank accepted all offered bids, amounting

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PSO signs SPA with Azerbaijan’s SOCAR for petroleum product supply

Pakistan State Oil Company Limited (PSO), the country’s largest fuel marketing company, has announced the approval and execution of a Sale Purchase Agreement (SPA) with the State Oil Company of the Republic of Azerbaijan (SOCAR). The agreement aims to bolster the supply of petroleum products in Pakistan, reflecting deepening energy cooperation between the two nations.

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Top 5% earners owe Rs 1.6 trillion in unpaid taxes, reveals FBR

In a significant revelation, the Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial disclosed that Pakistan’s top 5% of earners have an outstanding tax liability of Rs1.6 trillion. Speaking at a press conference alongside Finance Minister Senator Muhammad Aurangzeb and Minister of State for Finance Ali Pervaiz Malik, Langrial highlighted the government’s focus on

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