ISLAMABAD – The Pakistan Sugar Mills Association (PSMA) has sought government approval for additional sugar exports, citing a surplus of over 1.08 million tons at the start of the new crushing season. The appeal was made on Thursday during a meeting of the Sugar Advisory Council chaired by Federal Minister for Industries and Production Rana … Read more
Warner Bros. announced Discovery reported third-quarter 2024 earnings results on Thursday. July 1 – September. The ’30s concluded with more than 110 million global subscribers joining WBD’s HBO, Max and Discovery+ channels, while box office sales were down 40% from last summer’s blockbuster “Barbie.” Direct-to-consumer sales rose 9% to $2.6 billion. Distribution was up 8%, … Read more
Islamabad: The World Bank’s $213 million Integrated Flood Resilience and Adaptation Project (IFRAP) is gearing up for restructuring to promote rapid disbursement of funds for resilient housing reconstruction and restoration efforts in Pakistan. Official documents state that the IFRAP, signed on July 3, 2023, aims to revive and improve the livelihoods of communities affected by … Read more
The federal government has set a wheat production target of 33.58 million tons for the 2024-2025 Rabi season, with the aim of planting more than 10.368 million hectares. The decision was announced during a meeting of the Federal Agriculture Committee chaired by Federal Minister for National Food Security and Research Rana Tanveer Hussain. The meeting … Read more
Nvidia, the American semiconductor giant, is seeking European regulatory approval for its proposed $700 million acquisition of Israeli artificial intelligence startup Run:ai, following a request from the Italian antitrust watchdog. Although the acquisition does not meet the EU’s usual revenue threshold for review, the Italian Competition Agency has cited potential risks to fair competition within … Read more
This aerial view shows a residential area flooded with water after heavy monsoon rains in Balochistan province on August 29, 2022. — AFP The loan was approved under the Disaster and Climate Resilience Strengthening Plan. CDREP to increase overall investment in disaster risk reduction. Pakistan is among the countries most vulnerable to climate change in … Read more
Bengaluru: China’s Alibaba Group Holding Co., Ltd. said on Friday that it had agreed to pay $433.5 million to settle a US class-action lawsuit filed by investors alleging monopolistic practices by the e-commerce giant. Alibaba has denied any wrongdoing, saying it entered the settlement to avoid the cost and hold up of further litigation. The … Read more
In 2023, Pakistan is in the spotlight. At the United Nations Climate Change Conference (COP 28) in Dubai, the whole world was looking to Pakistan as an example and an opportunity. The previous year, in 2022, historic monsoon rains devastated Pakistan, causing more than $30 billion in losses and damage. This entire incident was a … Read more
Karachi: The Green Climate Fund (GCF) said on Wednesday that it has allocated $15 million to Pakistani venture capital firm Sarmayacar, so that it can help startups address the impact of climate change in the country that has been at the forefront of extreme weather. Floods in Pakistan, which scientists said were worsened by global … Read more
Adam Staples knew he had found something when his metal detector beeped. And then another. And another. Soon, “it was just ‘beep beep, beep beep, beep beep,’” Staples said. In a farmer’s field in southwest England, Staples and six friends had discovered a treasure trove of more than 2,500 silver coins that had been lying … Read more