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The Pakistan Stock Exchange (PSX) witnessed a severe downturn on Wednesday as the benchmark KSE-100 index plunged by more than 2,600 points within just one and a half hours of trading, sparking fresh concerns among investors and analysts alike. The trading session, which marked the third business day of the week, opened on a negative note, with the market immediately shedding 440 points. As the session progressed, the decline accelerated sharply, pulling the KSE-100 index down by a staggering 2,606 points to reach 112,910 points. Earlier in the session, the market tumbled below several psychological thresholds, falling past 115,000, 114,000,…

A catastrophic roof collapse at a nightclub in the Dominican Republic’s capital left at least 79 people dead on Tuesday and emergency crews were working frantically after nightfall to pull survivors from the rubble. About 155 people were injured. Families of the victims gathered near the Jet Set nightclub seeking information about their loved ones. “I still have family members that are still in the rubble, and we don’t know what happened to them,” Pedro Martinez, a 17-season Major League Baseball player, said in a video shared on his Instagram account in the evening. The deceased included a popular singer,…

The Pakistan Telecommunication Authority (PTA) has taken major action against online financial fraud by blocking 604 URLs associated with fake social media accounts and deceptive schemes, according to an official document. The document reveals that cybercriminals are increasingly using fake social media accounts to lure unsuspecting users into depositing money in fraudulent bank accounts. These scams are often disguised as investment opportunities, job offers, or prize schemes to gain victims’ trust. The Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) have been working jointly to identify such fake accounts using a dedicated e-portal. Government…

In a dramatic escalation of the ongoing trade dispute between the United States and China, President Donald Trump announced on Monday that the U.S. will impose an unprecedented 104% tariff on all goods imported from China, effective at midnight on Tuesday, April 8. The move is the latest in a series of aggressive trade measures aimed at countering what Trump claims are unfair practices by China and other nations. This sharp increase in tariffs marks the most significant escalation in U.S.-China trade tensions since the previous tariff war, and follows a series of inflammatory actions and accusations from President Trump,…

The United States Educational Foundation in Pakistan (USEFP) on Tuesday officially announced the cessation of the Global Undergraduate Exchange Program (Global UGRAD) for Pakistani students. The decision, communicated by the U.S. Department of State, marks the end of the program after 15 years of fostering educational and cultural exchange between the two nations. The Global UGRAD Program, which has been a significant platform for Pakistani students to gain academic exposure, leadership skills, and cultural experiences in the United States, will no longer be offered. The announcement has come as a disappointment to numerous Pakistani students who had applied for this…

Once hailed as the crown jewel of Pakistan’s cricket calendar, the Pakistan Super League (PSL) is setto kick off its latest season on Friday, April 11 — but with noticeably less fanfare than in previous years. What was once a source of nationwide excitement now appears to be struggling to capture the public’s imagination, with empty seats, lukewarm social media buzz, and a general sense of disinterest hanging over the tournament’s build-up. The primary reason for this fading excitement can be traced directly to the national team’s ongoing underperformance. Cricket stars such as Shaheen Afridi, Mohammad Rizwan, Naseem Shah, and Babar…

The Lahore High Court (LHC) Rawalpindi Bench has issued a written order in the case filed by social media personality Arshad Khan, famously known as “Chaiwala”, challenging the cancellation of his national identity card and passport. Justice Jawad Hassan presided over the hearing and issued notices to all parties concerned, including NADRA, directing them to submit their responses by April 17. The order stated that in his petition, Arshad Khan questioned the legality of blocking his CNIC and passport by NADRA and the other parties, reportedly after a rumour aired on a TV channel cast doubt on his nationality. His…

ISLAMABAD : An anti-terrorism court (ATC) of Islamabad on Wednesday issued arrest warrants for Pakistan Tehreek-e-Insaf (PTI) workers involved in May 9 vandalism for failing to appear before the court. Justice Tahir Abbas Sipra of the ATC conducted hearing of the cases against PTI founder Imran Khan, PTI Vice President Shah Mahmood Qureshi and several PTI workers. The hearing couldn’t proceed as Khan and Qureshi didn’t appear before the court, prompting the judge to adjourn the hearing until May 9 while ordering arrest of absent PTI workers. The defendant’s lawyer contended that case could not be proceeded citing unavailability of…

A Chinese quantum computing firm has completed the large AI model task on a quantum computer with remarkable efficiency, Science and Technology Daily reported on Monday. Origin Quantum, a startup based in the eastern Chinese city of Hefei, has successfully fine-tuned a billion-parameter AI model on Origin Wukong, the country’s independently developed third-generation superconducting quantum computer. The company has hailed this achievement as a world-first breakthrough. This marks the first real-world application of quantum computing in large-model tasks, demonstrating that current quantum hardware is capable of supporting AI model fine-tuning, said Chen Zhaoyun, a scientist from Hefei Comprehensive National Science…

The Chinese central government will continue to support urban renewal projects this year, focusing on addressing the pressing concerns of the people and driving high-quality urban development, the Ministry of Finance announced Tuesday. According to a statement on the ministry’s website, the government will explore ways to establish a sustainable urban renewal mechanism, tackle gaps and weaknesses in urban infrastructure, and boost the construction of consumption-oriented infrastructure. In 2025, financial support for urban renewal will target large cities and metropolises, with no more than 20 cities selected. Priority will be given to mega and super-large cities, as well as large…