Business & Economy

IMF Flags Pakistan’s Weak Anti-Money Laundering Measures, Highlights Gaps in Beneficial Ownership Framework The International Monetary Fund (IMF) has expressed concern over Pakistan’s inability to effectively control money laundering, pointing to serious flaws in its beneficial ownership framework and weak institutional coordination. The findings are part of the IMF’s Governance and Corruption Diagnostic Assessment Report, […]

Pakistan’s Oil and Gas Output Hits 20-Year Low, Exposing Deep Energy Crisis Pakistan’s oil and gas production has slumped to its lowest level in two decades, marking a 20-year decline that poses serious challenges for the country’s energy security and economic stability. According to FY25 data, both crude oil and natural gas output fell sharply,

Trump Sons-Backed American Bitcoin Eyes Asian Expansion with Strategic Acquisitions August 2025 – American Bitcoin, a U.S.-based cryptocurrency miner backed by Donald Trump Jr. and Eric Trump, is setting its sights on Asia to expand its bitcoin portfolio and influence in the global digital assets market. The company plans to acquire stakes in publicly listed

Red Sea International Airport Expands Facilities to Boost Passenger Experience and Tourism Growth Saudi Arabia, August 2025 – Red Sea International Airport (RSI), operated by daa International, has unveiled major operational upgrades, marking a new milestone in Saudi Arabia’s journey to becoming a global tourism hub. With expanded facilities at its Main Terminal Building and

Tesla Partnership Supercharges Samsung’s Texas Chip Manufacturing Expansion $16.5 Billion AI6 Chip Deal Marks Major Shift for Samsung Samsung Electronics has secured a $16.5 billion contract with Tesla to produce the AI6 chip at its upcoming Texas semiconductor fab in Taylor. The move is expected to revitalize Samsung’s Foundry market share, which has been slipping

YouTube Launches AI Age Verification Trial in the U.S. Based on Watch History AI Technology to Predict User Age Without Birthdate Entry On August 13, 2025, YouTube began testing an AI-powered age verification system in the United States. Unlike traditional methods that rely on users entering their birthdate, this system analyzes watch history, search patterns,

Perplexity AI Makes $34.5B Surprise Bid to Acquire Google Chrome Browser Silicon Valley — In a move that has sent shockwaves through the tech world, AI start-up Perplexity has made an unexpected $34.5 billion (£25.6bn) offer to acquire Google’s Chrome web browser, one of the most widely used internet platforms in the world. A Bold

Barrick Mining Seeks $3.5B Global Financing for Pakistan’s Reko Diq Copper-Gold Project   Islamabad / Toronto — Barrick Gold Corporation is pursuing up to $3.5 billion in financing from the U.S. and other global lenders to fund the massive Reko Diq copper and gold mine in Pakistan’s Balochistan province. The move comes after anticipated investment

Australia Cuts Interest Rates to 2-Year Low, Downgrades 2025 Economic Growth Forecast RBA Lowers Benchmark Rate to 3.6% The Reserve Bank of Australia (RBA) has reduced its benchmark interest rate by 25 basis points, bringing it down to 3.6% — the lowest level since April 2023. The move aligns with market expectations and reflects the

Elon Musk Claims Grok 4 Beats GPT-5, Teases “Crushingly Good” Grok 5 Release by Year-End Grok 4 vs GPT-5: Musk Reignites AI Wars Shortly after OpenAI’s highly anticipated GPT-5 launch, Elon Musk—CEO of xAI—has made bold claims about his own AI model, stating that Grok 4 Heavy still outperforms GPT-5. In a series of posts