Alibaba Cloud disrupted after fire at Digital Realty datacenter in Singapore | The Express Tribune
Listen to article A significant portion of Alibaba Cloud services experienced disruptions following a fire at a Digital Realty datacenter in Singapore. The blaze, which occurred early Tuesday morning on September 10, 2024, is believed to have been triggered by a lithium-ion battery explosion in the facility’s battery room. Local reports confirmed that Singapore’s Civil Defence Force […]
Punjab withdraws Rs14 power subsidy for ICT | The Express Tribune
ISLAMABAD: The Punjab government has decided to immediately withdraw the Rs14 per unit electricity subsidy for the consumers of the Islamabad Capital Territory while succumbing to the pressure exerted by the International Monetary Fund. The decision would deprive the consumers of the Islamabad Capital Territory from the Rs14 per unit subsidy for the month of […]
Gold prices rise globally and locally amid market shifts | The Express Tribune
Gold prices have experienced a notable increase both globally and locally, reflecting significant movements in the precious metals market. On the international bullion market, the price of gold per ounce has risen by $10, reaching a new level of $2,500. This upward trend signifies a strengthening demand for gold as a safe-haven asset. In the […]
PIA privatisation process to conclude by October: Khawaja Asif | The Express Tribune
The Federal Minister for Aviation, Khawaja Asif, has announced that the privatisation process of Pakistan International Airlines (PIA) will be completed by the end of October. Speaking during a National Assembly session, Asif emphasised the urgent need for privatisation, citing the airline’s heavy debt burden of Rs. 800 billion. The minister responded to a calling […]
IMF names new country head | The Express Tribune
ISLAMABAD: The International Monetary Fund has appointed Mahir Binici as the new country head for Pakistan, while the government intensifies efforts to secure the $7 billion loan approval by the last week of September. All this is taking place amid growing suspicions about the motives of the global lender. The IMF’s action to set wrong […]
Finance minister calls for public trust restoration | The Express Tribune
ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb has said that unless public trust is restored, the country cannot move forward, and the private sector must step up to lead the country. While addressing the Senate, Finance Minister Muhammad Aurangzeb stated that the Pakistani Rupee has stabilised in the current fiscal year, and inflation has dropped to […]
Free computer centre set up for Keamari women | The Express Tribune
KARACHI: Federal Minister for Maritime Affairs, Qaiser Ahmed Shaikh, has launched a free computer training centre for women in Keamari and surrounding areas, hosted at the Karachi Port Trust (KPT) Industrial Home. This initiative is part of a broader effort to empower women and provide them with vocational training, enabling them to thrive in today’s […]
‘Pakistan faces $30b loss after floods’ | The Express Tribune
ISLAMABAD: Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal, chaired the fourth meeting of the Policy and Strategy Committee (PSC) and the Oversight Board on Post-Flood Reconstruction Activities. The meeting, held in Islamabad, reviewed the progress of ongoing projects under the Resilient, Rehabilitation, and Reconstruction Framework (4RF) and discussed the status of international […]
Govt struggles to expand tax base as illicit trade surges | The Express Tribune
LAHORE: The government of Pakistan is facing significant challenges in widening its tax base while simultaneously combating the rise of smuggling and illicit trade, both of which could generate crucial revenue for the national economy. Efforts to bring more traders into the tax net have shown limited success, highlighting the complexity of the issue. Earlier […]
Oil rebounds as hurricane threat stabilises markets | The Express Tribune
LONDON: Oil futures edged up on Monday as the risk of production disruptions from a potential hurricane approaching the US Gulf Coast helped prices steady after last week’s heavy losses. Brent crude was up 16 cents, or 0.23%, to $71.22 a barrel at 1315 GMT while West Texas Intermediate crude futures were 19 cents, or […]