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Experts at the Vivatech trade fair in Paris warned that AI may eliminate a large portion of white-collar jobs very soon. One of the startups showed a platform with customizable AI agents to substitute the traditional human roles. Dario Amodei, CEO of Anthropic, backed the claim. He forecasted that AI may eliminate up to half of entry-level white-collar jobs in a year to five years. Firms Focus on Reskilling, Not Just Job Cuts Tomas Chamorro-Premuzic, Chief Innovation Officer at ManpowerGroup, dismissed extreme forecasts. He said the company has no plans to adopt AI agents as its core workforce. “Most predictions…
Pakistan Railways will soon offer free Wi-Fi on 40 trains. Railway Minister Muhammad Hamid Abbasi announced the plan during a press briefing in Multan. This move is part of a larger effort to modernize railway services and enhance the passenger experience across the country. Responding to directives from the Prime Minister, Pakistan Railways has focused on enhancing both passenger convenience and freight operations. Among the transformative steps, the department will convert 155 railway stations to solar power within two months. This transition represents a significant shift toward green energy in public transportation. Promoting Connectivity and Sustainability The Wi-Fi rollout will…
FBR Hires Retired Army Personnel: The Federal Board of Revenue (FBR) will employ retired junior commissioned officers and soldiers of the Pakistan Army. These ex-army soldiers will work on a contract basis to support customs enforcement across Pakistan. New Digital Enforcement Stations Planned FBR will open Digital Enforcement Stations in different places. New stations will be constructed and others will be upgrading existing customs check-posts. These centers will employ the latest technology to track the trade routes as well as to identify illegal activity. The digital tools will assist The Federal Board of Revenue to monitor goods more precisely and…
PSX Falls 2000 Points: The Pakistan Stock Exchange (PSX) faced a significant blow on Friday, as the KSE-100 Index fell by 1,949.56 points. The index saw a 1.57% decrease, closing at 122,143.57, from 124,093.12 the previous session. After Israel’s attack on Iran sparked panic in both regional and international markets, there was a precipitous decline. Global Tensions Trigger Market Sell-Off Topline Securities said that the market remained in negative territory throughout the session. The negative trend followed a global pattern, affected by the escalating Middle East conflict. Investors reacted cautiously, prompting massive selling. The global upheaval rattled investor confidence and…
Khanpur Dam water level has fallen to a worrying low, now just 11 feet above its dead storage level. This dramatic decline is the result of ongoing dry conditions, raising serious concerns about the water supply in Rawalpindi and Islamabad. Twin Cities May Face Water Shortage Officials stated on Friday that the dam’s level had dropped to 1,921 feet, just a little bit higher than its lowest point of 1,910 feet. At 16 cusecs per day, water enters the dam, and at 127 cusecs per day, it exits. Civic users like CDA and RCB receive 96.18 cusecs of this total.…
The Boeing 787 Dreamliner, which crashed in India on Thursday, represents the flagship of Boeing’s long-distance fleet. With a maximum capacity of 330 passengers, this fuel-efficient, wide-body aircraft is a popular option for international airlines. More than 80 airlines have ordered more than 2,598 Dreamliners since they were first put into service in October 2011 with Japan’s All Nippon Airways. 889 deliveries are still pending from Boeing, demonstrating the model’s widespread demand. The 787’s lightweight composite structure, which comprises almost half of the aircraft’s frame, is one of its main selling points. Because of its design, it can use 20%…
PM thanks UAE leadership for playing a positive role in reducing tensions between India and Pakistan in recent times. PM Shehbaz Sharif met Sheikh Mohamed bin Zayed Al Nahyan, the ruler of Abu Dhabi and president of the United Arab Emirates, during his one-day official visit. He valued the UAE’s persistent efforts to advance communication, peace, and stability in the region. The visit demonstrated Islamabad’s gratitude to the countries that supported Pakistan’s position during its impasse with New Delhi. After what Pakistan called a “false flag operation” in Pahalgam, tensions increased. Both nations responded by exchanging airstrikes and missiles. India lost six…
The James Webb Space Telescope recently observed two new planets forming around a star in its early stages of life. Both of these planets are bigger than Jupiter and orbit a star in the constellation Musca that is about 310 light-years away. Each one demonstrates a unique stage of growth, offering unique insight into the formation of planetary systems. Scientists concentrated on YSES-1, a star that is about the size of our Sun but much younger—only 16 million years old. YSES-1 is still young, in contrast to our Sun, which has been around for more than 4.5 billion years. Scientists…
Taxation measures in budget 2025-26 have raised alarm across Pakistan’s trade and industrial sectors. Business executives think that these policies will hinder economic growth and erode investor confidence. Before approving the budget, they urged the government to reconsider these actions. According to them, the current approach lacks support for economic recovery and industrial expansion. Atif Ikram Sheikh, President of the FPCCI, stated that Pakistan now needs a fiscal strategy that promotes growth. He added that with signs of economic stability, it is time to focus on investment and exports. He criticised the absence of export-boosting policies in the budget. He…
KSE-100 Index Breaks Records for Third Straight Day On Thursday, the Pakistan Stock Exchange, PSX Hits All-Time High. This was the third day in a row of significant gains. The KSE-100 index reached a record intra-day high of 126,025.99 points. Investor mood remained high following the unveiling of the federal budget. The index gained 1.35%, or 1,673 points, early in the day. It peaked at 126,055.32 points and fell to 124,807.09 points. Investors traded more than 113 million shares worth Rs11.37 billion. Budget Boosts Market Confidence Investors responded positively to the FY26 budget, which maintained the existing equity tax structure…