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PSX: Volatility keeps KSE-100 Index flat

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A volatile trading session was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index remaining largely flat during the opening minutes of trading on Friday.

At 9:55am, the benchmark index was hovering at 174,958.78, up by 29.10 points or 0.02%.

Buying interest was observed in key sectors, including automobile assemblers, commercial banks, oil and gas exploration companies and OMCs. Index-heavy stocks, including MARI, OGDC, PSO, DGKC, LUCK, MCB and MEBL, traded in the green.

On Thursday, PSX remained highly volatile as rising international oil prices amid ongoing geopolitical conflicts kept investors cautious, although late-session profit-taking failed to erase a modest recovery in the benchmark KSE-100 Index.

The benchmark KSE-100 Index gained 153.09 points, or 0.09%, to close at 174,929.69,

Globally, Asian shares rose on Friday as investors embraced a global rally ahead of crucial U.S. jobs data, while bonds found some much-needed relief after a top Federal Reserve official cooled rate-hike fears and dragged the dollar lower.

The dollar’s retreat turbocharged a rally in the yen, ‌which has gained 2.6% this week to trade at 155.7 a dollar, putting it within striking distance of the 155.2 level reached after joint intervention by Tokyo and Washington in late July.

In remarks at a Reuters NEXT Newsmaker event, Federal Reserve Governor Christopher Waller said that recent data suggested some signs of disinflation and that, if upcoming reports reinforced that trend, he would favour holding rates steady ​at this month’s policy meeting.

Futures were quick to scale back the chance of a rate hike this month to just 50%, from about 63% a ​day ago. Those expectations had surged in recent sessions as a global bond rout drove long-dated yields to multi-year highs, fuelled ⁠by concerns over stubborn inflation, swelling government debt and geopolitical tensions.

In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1%, tracking broad gains on Wall Street, but that was not enough to offset earlier losses, with the index still down 0.4% for the week.

Japan’s Nikkei gained 0.8% but was down ​2.7% this week. Chinese blue-chips rallied 1%, and South Korea’s KOSPI increased 1.1%.

This is an intraday update

Nearly 20m children experienced online sexual abuse: UNICEF

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ISLAMABAD  –  Nearly 20 million children aged 12 to 17 across 21 countries experienced at least one form of technology-facilitated sexual exploitation or abuse in a single year, according to a new UNICEF report.

The report found that more than 15 million children were exposed to unwanted sexual content, while around nine million were pressured into sexual conversations or sharing sexual images.

Nearly four million children had sexual images shared without their consent, highlighting the growing risks posed by the misuse of digital platforms.

Social media accounted for nearly 60 per cent of reported cases, while 14 per cent occurred in online games, according to the report.

The findings also challenge the perception that online sexual abuse is primarily perpetrated by strangers. In 57 per cent of cases, the perpetrator was someone the child already knew.

A significant proportion of victims remained silent. More than 40 per cent of cases were never disclosed, while less than one per cent were reported to the authorities, underscoring the barriers children face in seeking help and protection. The report further found that children who experienced technology-facilitated sexual exploitation or abuse were four times more likely to report suicidal thoughts or behaviours and self-harm. The risks were particularly high in some countries, including Pakistan.

UNICEF has called on governments and technology companies to make digital platforms safer, strengthen legislation and reporting mechanisms, improve child-protection services and ensure that children receive appropriate support when they report abuse.

The report warns that technology is increasingly being exploited to facilitate sexual abuse of children, while many victims continue to suffer in silence because they do not know where to seek help or fear the consequences of reporting.

It calls for stronger safeguards across digital platforms and more effective mechanisms to identify, report and respond to online sexual exploitation and abuse, while ensuring that children can use technology safely.

Agri University DI Khan approves Rs445.99m budget for 2026-27

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Peshawar  –  The Senate of the Agriculture University Dera Ismail Khan on Thursday approved a budget of Rs445.99 million for the financial year 2026-27 and called for greater focus on research addressing the needs of farmers in southern Khyber Pakhtunkhwa.

The seventh Senate meeting, chaired by KP Agriculture Adviser and Pro-Chancellor Mian Muhammad Umar, reviewed the university’s financial, administrative, academic and research affairs and considered measures to improve its overall performance.

KP Secretary Agriculture Dr Bakhtiar, Vice Chancellor Agriculture University DI Khan Dr Latif Gondal and other Senate members attended the meeting.

The Senate reviewed expenditure incurred during 2025-26, the university’s income and expenditure position, available resources, utilisation of funds and financial discipline. Members stressed the need to use resources in line with the university’s academic, research and administrative priorities.

Mr Umar directed the university administration to orient its research towards local agricultural needs, changing climatic conditions and the problems faced by farmers in Dera Ismail Khan and other southern districts.

He said sustainable agricultural development required modern, practical and results-oriented research whose benefits could reach farmers directly. He called for research into increasing crop yields, efficient water use, modern irrigation techniques, agricultural technology and improved seed varieties.

The agriculture adviser said research should not remain confined to academic institutions but its findings should be translated into practical applications and made accessible to farmers.

He stressed the need for closer coordination between the university and the Agriculture Department to facilitate the implementation of research findings in the field.

Mr Umar also called for prudent and transparent use of university funds, saying priority should be given to improving academic and research standards, providing better facilities for students and upgrading institutional infrastructure.

He said universities had an important role in agricultural research, adoption of modern technology and human-resource development, adding that the Agriculture University DI Khan should further align its research programmes with the requirements of farmers and the region’s agricultural economy.

Senate members also presented suggestions on the university’s development, quality of education, expansion of research activities and financial management.

Argentina Is Ramping Up Its Claim to the Falklands. Here’s What to Know.

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President Javier Milei has dialed up Argentina’s claim over the British territory, while President Trump has raised questions about longstanding U.S. neutrality on the dispute.

Judge Ends Federal Oversight of Teamsters

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The union and federal prosecutors agreed that organized crime groups had been rooted out of union operations, the judge wrote.

Former Labor Secretary Stoked Dysfunction and Toxicity, Department Report Finds

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Lori Chavez-DeRemer spent Labor Department funds on personal travel and tolerated harassment in the agency, its inspector general found.

Proposal for White House Visitor Screening Center Advances

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A federal panel again paved the way for one of President Trump’s construction projects, even as it heard opposition to another proposal to fence in a park north of the White House.

FIFA accuses UEFA of smear campaign over Infantino plan

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FIFA accused UEFA of waging a “smear campaign” against it and President Gianni Infantino, escalating a dispute over ‌the abandoned proposal to sell a stake in the world governing body’s commercial rights, according to a court filing seen by Reuters.

UEFA last week submitted an ex parte application in the U.S. District Court for the Southern District of New York seeking permission to obtain testimony and documents from U.S.-based entities for use in potential criminal ​proceedings in Switzerland.

“While these applications are styled as legal pleadings with captions and docket numbers, they are little more than ​press releases in further support of UEFA’s smear campaign against FIFA and its leadership,” FIFA said in the ⁠filing.

Reuters has contacted FIFA and UEFA for comment.

UEFA said it was considering criminal proceedings against Infantino and other FIFA officials over FIFA Forward ​Enterprise (FFE), a proposed entity that would have held commercial rights linked to the men’s and women’s World Cups.

UEFA alleged the proposal was developed without ​adequate consultation with FIFA’s governing bodies and 211 member associations.

In a motion to intervene seen by Reuters filed on September 1 by FIFA (AMERICAS) Inc. and FWC2026 US, Inc., FIFA asked the court to defer ruling on UEFA’s application or allow it to oppose the request.

FIFA argued that UEFA was seeking discovery for “purportedly contemplated (but ​non-existent) Swiss criminal proceedings”. The world governing body also alleged UEFA had sought to derail the FFE proposal from the outset.

The proposal was ​withdrawn on July 31 after opposition from UEFA and other regional governing bodies.

“Rather than participate in that democratic process, UEFA issued a press release, the beginning ‌of a ⁠weeks-long smear campaign against FIFA and its leadership,” FIFA said in the filing.

FIFA further argued that UEFA’s opposition was motivated by a desire to preserve European football’s dominance.

MOUNTING PRESSURE ON INFANTINO

Infantino, up for re-election for a fourth term in March 2027, has been criticised since tabling the now-abandoned proposal, with several countries withdrawing their support for his candidacy.

The Swiss-Italian administrator is under pressure from three confederations to resign, including UEFA, the ​Asian Football Confederation and CONCACAF, which ​represents North and Central America ⁠and the Caribbean.

The regional governing bodies have discussed a potential vote of no confidence in Infantino.

Infantino, who retains support from the African and South American confederations, has sought to sideline the confederations and appeal directly ​to individual members.

UEFA SEEKS REFORMS

UEFA, in a statement last week, said that it would work with partner ​confederations to ensure ⁠member associations are offered a “credible alternative” committed to reform, if Infantino seeks another term.

UEFA also provisionally suspended plans to boycott FIFA competitions, paving the way for all qualified teams to participate in next month’s Under-20 Women’s World Cup in Poland, the first major tournament that could have been affected ⁠by the ​standoff.

However, the body said its members had unanimously mandated the confederation to pursue “every available ​institutional, political and legal avenue” to secure reforms and restore limits on presidential authority.

The confederation also called for “a genuinely independent external review” of the failed FIFA proposal, saying: “FIFA cannot ​investigate itself and expect the football community simply to accept its conclusions.”

World Cup winner Llorente retires from Spain duty

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World Cup winner Marcos Llorente announced his retirement from international football on Thursday, ending ​a Spain career that yielded 27 ‌caps.

The Atletico Madrid defender, 31, made his senior team debut for Spain in 2020 and was part ​of the squad that beat Argentina 1-0 ​to win the World Cup in July, ⁠although he remained on the bench in ​the final.

“I know many of ​you won’t understand this, and I probably wouldn’t have ‌understood ⁠it either if I were looking at it from the outside. But it’s a personal decision—one I’ve thought through very carefully and, above ​all, one ​that comes ⁠from the heart.”

The former Real Madrid player thanked his teammates and ​reflected on Spain’s triumphant World Cup campaign.

“I’ll ​cherish ⁠everything I’ve experienced, but above all, these last 52 days,” Llorente said.

“With a wonderful group ⁠that ​fought until the very end ​to put Spain at the top. And that’s exactly what ​they did.”

LEAP 2026: Pakistan’s IT exporters eye expansion in GCC region

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Pakistan IT and IT-enabled companies received good response from foreign investors and tech companies, eyeing growth in exports in the Gulf region, particularly in Saudi Arabia.

IT exporters believe that participation in the LEAP 2026 will translate into higher exports, as regional and international companies from different parts of the world participated in the technology event despite ongoing geopolitical tensions.

LEAP is one of the world’s largest and most influential technology events, bringing together global technology leaders, startups, investors, and policymakers from across the globe. It was held from August 31 to September 3, 2026 in Riyadh, Saudi Arabia.

Saad Shah, CEO of Hexalyze, said Pakistani IT companies had received a very positive response from Saudi companies and investors at LEAP 2026, particularly amid the strengthening relations between Pakistan and Saudi Arabia.

He said the growing bilateral ties between the two countries at the state level could help Pakistani companies explore business opportunities in Saudi Arabia in areas such as AI automation, cybersecurity and enterprise solutions.

“Saudi Arabia is a stable and growing market among the Gulf countries and continues to offer business-friendly policies for investors despite recent tensions in the region,” Shah said.

Pakistani companies should consider establishing offshore offices in Saudi Arabia and leverage the presence of a large Pakistani expatriate community as a competitive advantage over companies from other countries, Hexalyze CEO said, who established his company’s booth at the LEAP 2026 to showcase its products and services and explore potential business opportunities.

More than 100 Pakistani companies and nearly 1,000 delegates participated in the event, while 18 companies had set up booths at the Pakistan Pavilion under the theme “Think Tech, Think Pakistan”.

Pakistani technology firms offered a range of solutions, including enterprise-grade cybersecurity, cloud migration and managed services, AI-enabled applications, intelligent automation, data and analytics platforms, digital government solutions and specialised technology services for sectors such as banking, healthcare, energy, logistics, real estate, retail and smart cities.

“This is the third time Pakistani companies are participating in one of the world’s largest technology events, strengthening their presence by showcasing world-class products and services alongside global technology giants,” said Sajjad Mustafa Syed, Chairman of the Pakistan IT Association (P@SHA).

He said the growing presence and active engagement of Pakistani IT companies at international technology events reflected the industry’s ability to compete at a global level, particularly in cutting-edge products and services.

Pakistani companies have received strong interest from Saudi investors and technology firms and have signed multiple agreements to explore partnerships, business opportunities and potential investments.

This was the third time Pakistani companies participated in one of the largest tech events, strengthening their presence with world-class products and services alongside global tech giants, said Sajjad Mustafa Syed, Chairman of the Pakistan IT Industry Association (P@SHA).

The participation was expected to prove a game-changer for Pakistan’s IT industry by helping local companies expand their services exports in the Gulf region and other international markets, the P@SHA chairman said.

Syed Abdul Qadir, a leading tech expert, said that Pakistan has expertise in cybersecurity, cloud computing, artificial intelligence, automation, software engineering, data analytics and managed technology services, all of which are expected to play an increasingly important role as Saudi Arabia advances the objectives of its Vision 2030 programme.

The broader opportunity is to use our strong brotherly relations to build a deeper Saudi-Pak TECH Bridge. Pakistani companies can become an important part of the delivery, innovation and technology ecosystem supporting the Kingdom’s Vision 2030 ambitions, while Saudi Arabia can develop into one of the most important international growth markets for Pakistan’s IT sector, said Syed Abdul Qadir, who also represented Pakistan at a panel discussion on cybersecurity at the LEAP.

Saudi Arabia is making significant investments in artificial intelligence, cloud infrastructure and digital connectivity as it works towards building a technology-driven economy. This presents an opportunity for Pakistani companies to demonstrate their ability to provide not only skilled and cost-competitive professionals but also sophisticated, scalable and internationally competitive technology solutions, he said.

The growing cooperation between the two countries could also help establish a stronger Pakistan-Saudi technology bridge, enabling Pakistani companies to become part of the delivery, innovation and technology ecosystem supporting Saudi Arabia’s Vision 2030 objectives.

With more than 200,000 visitors, 1,800 global technology brands, 600 startups, 1,900 investors and over 1,000 speakers, the event provided a major platform for companies seeking to establish commercial partnerships and explore opportunities in the Kingdom.

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Zelensky Steps Up Threats Against Belarus for Aiding Drone Attacks

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Ukrainian officials say their northern neighbor is allowing its radio relay stations to be used to guide Russian attack drones more precisely.