Shanghai to expand 5G coverage to all tunnels, bridges on September 1, 2021All of Shanghai’s tunnels and cross-river bridges will be covered by 5G signal by the end of this year, which will complete the “last link” of 5G coverage in the city’s downtown area. A six-party agreement was signed in Shanghai on Tuesday to confirm this goal, attended by mobile carriers, tunnel operators, and construction firms […]
Crude prices jump up to 11.54pc, biggest weekly gain since October on August 30, 2021Oil prices surged up to 11 percent last week, their biggest weekly gain since October last year, as Gulf of Mexico oil operators shut the production ahead of a hurricane expected to pass through the Gulf in the weekend. According to details, Brent, the international benchmark for two-thirds of the world’s oil, gained 11.54 percent […]
FPCCI lauds services of Kashif Ashfaq as Chairman FIEDMC on August 30, 2021President FPCCI Nasser Hyatt Magoo and Chairman Businessman Penal Anjum Nisar Sunday lauded the meritorious services of Mian Kashif Ashfaq as Chairman Faisalabad Industrial Estate and Development Company(FIEDMC). Congratulating Mian Kashif on successful completion of three years as FIEDMC chief both trade leaders said credit goes to him for the entire rapid development taking place […]
LSM growth increases by 15pc; breaks 10-year record: Khusro on August 28, 2021Minister for Industries Khusro Bakhtyar on Friday said that the country’s Large Scale Manufacturing (LSM) industries growth increased by 15 percent in fiscal year (FY) 2020-21 which was the highest score in 10 years. Addressing the press conference, he said that due to COVID-19 outbreak, manufacturing and production sectors were badly affected around the globe […]
Construction of 7,000 units completed under PM low-cost housing scheme on August 27, 2021The ministry of housing and works has launched the Prime Minister Low Cost Housing Scheme under which deserving families get financial assistance up to Rs5000,000 through Akhuwat Islamic Microfinance (AIM). An official document pertaining to the three year government performance stated that the funds amounting to Rs7 billion have been released to Akhuwat till June […]
New tech provides fast, reliable 5G connections on August 26, 2021A new technology that ensures fast and reliable 5G connectivity between a base station and receiver has been developed by electrical engineers at the University of California San Diego. The team will present their work at the Association for Computing Machinery (ACM) SIGCOMM 2021 conference USA, which is taking place online from August 23 to […]
KP govt to impart training in advance digital skills to 25,000 youth: Atif on August 25, 2021Khyber Pakhtunkhwa (KP) Minister for Science and Information Technology Atif Khan on Tuesday said that 25,000 youth including men and women from across the province would be imparted training in advanced digital skills and expertise for their inclusion in the digital economy. Addressing a graduation ceremony of the 14 women startups under Gender Exclusive Space […]
Bitcoin tops $50,000 for first time since mid-May on August 24, 2021The cryptocurrency market turned bullish on Monday, with the market capitalisation increasing by 2.2 percent to $2.23 trillion and bitcoin topping the $50,000 mark for the first time in three months. As of 1125 hours GMT, the price of bitcoin (BTC), the largest cryptocurrency, topped the closely watched $50,000 level for the first time in […]
Fitch expects SBP to keep policy rate steady at 7pc in 2021-22 on August 23, 2021Fitch Ratings has maintained its view that the State Bank of Pakistan (SBP) would keep its benchmark policy rate constant at seven percent through the fiscal year 2021-22 to continue supporting the economy during the country’s fourth wave of the Covid-19 pandemic. In its latest report Fitch was of the view that the SBP will […]
Gold price slips to Rs94,000 per 10gm on August 22, 2021Gold prices ended the week flat and gained around $0.90 during the period, as the US dollar’s pullback and Covid-19 concerns kept the prices in check. Gold in the international market was available at $1,781.50 per ounce at the end of the week on Friday. Meanwhile, the price of 10 grams of yellow metal in […]