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Experts from industry and finance have warned that structural challenges, including lack of financing options, weak standardisation, and insufficient infrastructure, are slowing Pakistan’s transition to electric vehicles (EVs). Speaking at the third Electric Vehicles Conference organised by the Climate Action Center (CAC) in Multan, stakeholders urged the government to address key policy bottlenecks to unlock the potential of the country’s EV market. The event was sponsored by the Bank of Punjab (BoP) and supported by Horwin, a global EV bike manufacturer. “Things are moving in the right direction, and the government has started taking the EV transition seriously,” said CAC…

Apple stock is getting its groove back as naysayers are proved wrong about the iPhone upgrade cycle. That means opportunity. Shares surged to an all-time intraday high Monday following a slew of positive commentary from Wall Street analysts and upbeat demand data for the newest iPhones. Apple was on pace to take out its Dec. 26, 2024 record-high close of $259. “People thought the tariffs were going to drive” iPhone prices higher, Jim Cramer during Monday’s Morning Meeting . “People [also] thought there was going to be not enough buying because of Siri. All nonsense.” “The misperception and misconception are…

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of several foreign currencies, witnessed further increase as it clocked in at 101.73 in September 2025, up from 100.09 (revised) in August 2025, data released by the State Bank of Pakistan (SBP) on Monday showed. A REER above 100 means the country’s exports are uncompetitive, while imports are cheaper. The situation reverses when REER stands below 100 on the index. As per SBP’s latest data, the REER increased 1.64% month-on-month (MoM) in September 2025. When compared with September 2024, the REER value…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks are starting the week off on a positive note with every sector except consumer staples in the green. As stocks extend last week’s gains, Jim Cramer is closely watching the 10-year Treasury yield, which hovered at 4% Monday. He called the move “incredibly positive” because there are so many stocks that yield more than this. “It makes it so you want to buy stocks,” he added. Jim also reflected on his recent trip…

Argentina on Monday formalised a currency swap agreement with the United States for up to US$20 billion aimed “at contributing to Argentina’s economic stability,” the South American country’s central bank said.The deal is part of huge financial support from the administration of Donald Trump, a strong backer of Argentine President Javier Milei, who is under pressure ahead of midterm elections on October 26.The peso has been fluctuating wildly ahead of the vote, disrupting the savings and spending plans of Argentines, who fear it could lose even more value in the coming weeks.As well as the swap line, US Treasury Secretary…

LISBON, Portugal (AP) — The failure of a steel cable and maintenance flaws contributed to the crash of a streetcar in the Portuguese capital Lisbon last month that killed 16 people and injured 21 others, according to an official preliminary report published Monday.The streetcar’s derailment is one of Lisbon’s worst tragedies in recent memory. The century-old streetcar, called a funicular because it travels up an down a steep hill in tandem with a second car, is a popular city tourist attraction. The streetcar at the time hurtled down the hill before coming off the rails on a bend and smashing…

Amazon can’t catch a break. “Amazon has been terrible,” the worst of the Magnificent Seven stocks this year, CNBC’s Jim Cramer said on ” Squawk on the Street .” While modestly higher Monday, Amazon was back down around its post-earnings lows of early August, which were driven by concerns about Amazon Web Services cloud growth. Shares have declined more than 2% year to year. Cramer’s comments came on the back of Monday’s major AWS outage, which disrupted access to several major websites. The issue has been largely resolved, with most affected sites now back online. While the outage grabbed the…

KARACHI: Experts believe that advancement in artificial intelligence (AI) across the country could uplift Pakistan’s IT industry and economy to the next level, provided that the government and private sector adopt an aggressive approach toward its implementation through effective policies and regulations in governance systems, business practices, and the export of services and products. They appreciated the launch of an AI Hub by the Saudi-based telecommunications giant in collaboration with the Ministry of IT and Telecommunication and the Special Investment Facilitation Council (SIFC) as a facilitator for strengthening bilateral cooperation in artificial intelligence, including the development of data infrastructure and,…

Singaporean 3D printing pioneer Chua Chee Kai has joined Wuhan University of Science and Technology (WUST) as a full-time distinguished professor, receiving his appointment in a ceremony on October 10, according to the university’s website.For decades, Chua led major 3D printing research initiatives in Singapore, helping to turn the country into a global hub for additive manufacturing technologies used in aerospace, biomedical and electronic applications.In his remarks at the ceremony, Chua said WUST was a university with strong academic traditions and a deep sense of social responsibility. He added that he was honoured to join the institution and looked forward…

Despite facing one of the most competitive smartphone markets in the region, Pakistan continues to offer significant growth potential, with around 1.4 to 1.5 million smartphones consumed every month. Over 14 active brands are battling for market share, but gaps in digital access and infrastructure still leave vast opportunities untapped. According to industry estimates, more than 38% of Pakistan’s population still lacks proper access to 4G internet, leaving millions of potential consumers yet to transition to smartphones. This growing connectivity demand continues to drive optimism among global smartphone manufacturers, which see Pakistan as one of its fastest-growing markets in the…