ISLAMABAD — Pakistan has welcomed a landmark ruling by the Federal Court of Australia, which dismissed an appeal by India’s Agricultural and Processed Food Products Export Development Authority (APEDA) seeking exclusive trademark rights over the name “Basmati.” The court also ordered APEDA to pay the legal costs of the respondent, marking a significant victory for Pakistani exporters. Key...
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by furqanWASHINGTON — Pakistan’s relationship with the United States is currently at its strongest point in decades, according to Pakistani Ambassador to the US, Rizwan Saeed Sheikh. Speaking at the Pakistani-American Press Association’s annual dinner, the envoy underscored a shift toward bilateral stability after years of cyclical volatility, while stressing the need to convert strategic goodwill into...
Government Set to Launch ‘Vision Pakistan 2047’ to Drive Trillion-Dollar Economic Target ISLAMABAD — The federal government is scheduled to launch its flagship 'Vision Pakistan 2047' initiative on August 12, establishing a strategic multi-decadal framework aimed at elevating the country to a $1 trillion economy, according to sources reported by ARY News. Prime Minister Shehbaz Sharif is...
Tax Cuts and Global Shifts Drive Surge in Pakistan Real Estate Pakistan's real estate sector is witnessing renewed momentum, with property demand surging across major urban hubs. Industry analysis from Apki Property highlights that recent tax relief measures, changing global conditions, and growing buyer confidence are encouraging both local and overseas Pakistanis to lock in long-term residential and...
Nvidia in talks to back OpenAI’s Ohio data centre with $250bn guarantee Semiconductor giant Nvidia is reportedly in discussions with OpenAI to provide funding guarantees for a major data centre in Ohio. The proposed $250 billion deal, first reported by The Wall Street Journal, would support the ChatGPT maker in leasing a 10-gigawatt facility that SoftBank subsidiary SB Energy is developing in...
The Pakistani rupee edged up 0.01% against the US dollar on Wednesday. On Tuesday the Pakistani rupee settled at 277.85 against the dollar. The US dollar remained near a one‑month high on Wednesday as renewed Middle East hostilities pushed safe‑haven demand and traders awaited a key Federal Reserve interest‑rate decision later in the day. The Australian dollar fell after inflation data...
SBP Waives Processing Fees for PM Apna Ghar Housing Loans KARACHI – In a major push to make homeownership accessible, the State Bank of Pakistan (SBP) has confirmed that participating banks will no longer charge processing fees on housing loans under the Prime Minister’s Apna Ghar Housing Scheme. The update was announced during an official SBP briefing on housing finance. The waiver aims to...
Burj Quaid: DHA City Karachi Set to Host Pakistan’s Tallest Skyscraper Karachi’s skyline is on the verge of a historic transformation with the official announcement of Burj Quaid, set to become the tallest building in Pakistan upon completion. Situated across nearly six acres in DHA City Karachi, this landmark development follows a strategic agreement between DHA City Karachi and ABS...
US Tech Giant Honeywell Proposes Major Refinery Upgrade Plan for Pakistan WASHINGTON — Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, met with a delegation from Honeywell Technologies on Monday in Washington to discuss a comprehensive plan aimed at modernizing and expanding Pakistan’s refinery sector. The Honeywell delegation was led by Vice President and General Manager Barry...
China’s open AI ecosystem is rapidly closing the gap with the US, a shift underscored by this launch just a month after the US government pulled Anthropic’s Fable and Mythos models due to security fears. Breaking the Western assumption that Chinese tech lags behind by months, firms like Moonshot, Z.ai, and Minimax are rolling out high-performance models at significantly lower costs. Front and...