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Beijing has set an ambitious target for the expansion of commercial applications for its nuclear technology in a variety of industries, projecting an annual economic output of 400 billion yuan (US$55.25 billion) by 2026.The benchmark – revealed by Li Song, China’s permanent representative to the International Atomic Energy Agency (IAEA) – would mean a large increase over the next two years, since the figure was around 240 billion yuan in 2023.Areas of focus for the technology would be in medical treatment, agriculture, food processing and material modification, Li said at a meeting of the IAEA’s board of governors in Vienna,…

MWC25 Barcelona, the world’s largest and most influential connectivity event, welcomed 109,000 attendees during a transformative week of industry-shaping launches and impactful collaboration, shining a spotlight on advanced mobile technology and AI.In keynotes and across the stages and summits of MWC25, some of today’s most influential minds debated technology’s role in redefining society, business and culture, with its opportunities and challenges.“MWC is where industries meet, and this year’s event showed just how fast technology is reshaping the world around us. From AI-powered networks to the future of smart mobility, the discussions this week in Barcelona will set the tone for…

Rupee’s Performance Against US Dollar Since 15 Jan 2025 The Pakistani rupee recorded marginal decline against the US dollar, depreciating 0.04% or Re0.10 in the inter-bank market on Monday, closing a session at over 280 against the greenback after more than a year. The last time the rupee closed below 280 against the US dollar was in January 2024. During the previous week, the rupee maintained its gradual downturn as it lost Re0.30 or 0.11% in the inter-bank market. The local unit closed at 279.97, against 279.67 it had closed the week earlier against the greenback, according to the State…

Pakistan Stock Exchange (PSX) witnessed a volatile session on Monday, as the benchmark KSE-100 Index ended the day on a flat note amid last-hour profit-taking, with investors anticipating the Monetary Policy Committee (MPC) decision. After a muted start, trading activity picked up at the PSX, with the KSE-100 hitting an intra-day high of 115,048.41. However, profit-taking observed in the final hour erased all gains, and the benchmark index settled at 114,356.34, a marginal loss of 42.35 points or 0.04%. A mixed trend was observed in key sectors, with positivity in automobile assemblers, cement, and commercial banks, while negative sentiments prevailed…

After a muted start, trading activity picked up at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 gaining over 500 points during the intra-day trading on Monday as investors await monetary policy decision due today. At 11am, the benchmark index was hovering around 114,914.55 level, an increase of 515.86 points or 0.45%. A mixed trend was observed in key sectors, with positivity in automobile assemblers, cement, chemical and power generation, while negative sentiments prevailed in oil and gas exploration companies, OMCs and refineries. Index-heavy stocks, including MARI, OGDC, PSO and SSGC traded in the red. The Monetary Policy Committee…

Total estimated FDI capital surges by 33.2 percent, the highest single-year value recorded since 2020Dubai has been ranked the world’s No.1 destination for greenfield foreign direct investment (FDI) projects for the fourth successive year, according to the Financial Times Ltd.’s ‘fDi Markets’ data.In 2024, Dubai attracted AED52.3 billion ($14.24 billion) in estimated FDI capital, a 33.2 percent increase from AED39.26 billion ($10.69 billion) in 2023, marking the highest FDI value ever recorded in a single year for the emirate since 2020.Record-breaking featDubai attracted a record-breaking 1,117 greenfield FDI projects in 2024, the highest in its history. Dubai also achieved a…

Donald Trump has warned other countries against challenging the primacy of the US dollar.“We are going to require a commitment from these seemingly hostile Countries that they will neither create a new Brics Currency, nor back any other Currency to replace the mighty US dollar or, they will face 100 per cent Tariffs,” he posted on Truth Social, his social media platform.But a slew of destabilising economic measures the US president has unleashed or threatened present greater immediate challenges to the US economy and the stability of the dollar, according to Wendy Edelberg, a former chief economist at the US…

Balochistan, Pakistan’s largest province by area, has experienced boundless demographic changes over the past seven decades. From a modest population of just over one million in 1951 to nearly 15m in 2023, the province’s growth tells a story of transformation driven by health advancements, infrastructural development, migration, and socioeconomic shifts. Moreover, it is important to provide an insightful analysis to the political leadership and policymakers, who still believe rapid population growth is not an issue in Balochistan. If this trend continues, there will arise serious social and economic challenges in the water-stressed region. The census data for Balochistan, spanning from…

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair,” wrote Charles Dickens in A Tale of Two Cities. Two speeches delivered an hour and many oceans apart last week vividly brought back images from Dickens’ world. Those speeches underlined the opposing approaches that the heavyweights and Pakistan’s largest trading…

Economic growth and development bring progress and prosperity, but at the same time, they tend to create imbalances in the growth of various sectors of the economy. If an economic model does not provide a mechanism for timely remedial measures to manage emerging macroeconomic imbalances, this raises the risk of an economic crisis. So, stability has to be blended with economic growth and development. And without social development, economic growth remains sluggish. It is only a high rate of economic growth that can generate enough jobs. The social exclusion widens the disconnect between the people and the government. Similarly, the…