Thursday , 21 September 2017
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Week-On-Week: SPI rises 0.53%

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended March 2, 2017 registered an increase of 0.53% for the combined income group, going up from 219.66 points in the previous week to 220.83 in the week under review. Compared to the corresponding week of the previous year, the SPI for the combined income group rose 2.96%. The SPI for the ... Read More »

Currency: Rupee remains stable against dollar

KARACHI: The rupee remained stable against the dollar at 104.4/104.6 in the inter-bank market on Friday compared to Thursday’s close of 104.4/104.6. The currency market has fluctuated regularly in recent months with hefty rises and falls on some occasions. In the long run, however, the rupee has stood firm after experiencing extensive volatility, when it weakened from around Rs98 to a ... Read More »

Increase in petroleum prices causes inflation to rise 4.2%

ISLAMABAD: The pace of inflation increased to 4.2% in February owing to the surge in prices of petroleum products and perishable food items, Pakistan Bureau of Statistics (PBS) said Thursday. The annual inflation rate measured by the Consumer Price Index (CPI), which captures the prices of 481 commodities in urban centres, was recorded at 4.22% in February compared with the same ... Read More »

Farmers to get cash prizes for eradicating warble fly

MULTAN: As part of a new strategy to protect cattle from dangerous diseases, the livestock department has announced giving cash prizes to farmers who remove warble fly or its larvae present on the skin and hide of animals. “Mehro Makhi’ or warble fly attack is highly dangerous for animals as it punctures skins, affects reproduction system and growth of animals,” Livestock ... Read More »

Global displaced made poor countries’ burden: World Bank

Global displaced made poor countries’ burden: World Bank

About 65 million people, roughly one percent of all humanity, now live in forced displacement, including refugees and the internally displaced, with populations fleeing war in Syria, Afghanistan, Somalia and Sudan, among others, the report said, noting that the current refugee crisis was the second-largest since World War II. By the end of 2015, 95 percent of this population was ... Read More »

Wearable tech market cools, as consumers step back

Wearable tech market cools, as consumers step back

The research firm IDC said it expects global sales of wearables to grow some 29.4 percent to some 103 million units in 2016. That follows 171 percent growth in 2015, fueled by the launch of the Apple Watch and a variety of fitness bands. “It is increasingly becoming more obvious that consumers are not willing to deal with technical pain points ... Read More »

Toyota engineer aims to recharge sales for Prius plug-in

With the plug-in Prius, which launches in Japan, North America and Europe in the coming months, Prius chief engineer Koji Toyoshima told Reuters in an interview that he would like to replicate the sales growth pattern of the conventional Prius. Each generation of the conventional Prius achieved strong sales growth: roughly 100,000 units for first generation launched in 1997, followed ... Read More »

World Bank chief Kim heads for 2nd term

World Bank chief Kim heads for 2nd term

The World Bank executive board said in a statement that, following official procedures, it would formally meet with Kim as a candidate “with the expectation of completing the selection process by the 2016 Annual Meetings,” which take place on October 7-9. Kim, 56, a Korean-American medical doctor who has focused the World Bank on programs to reduce extreme poverty, earned ... Read More »

Apple says initial quantities of iPhone 7 Plus sold out

Apple says initial quantities of iPhone 7 Plus sold out

Supplies of the larger size of Apple’s new phone have been exhausted in all shades, and the smaller iPhone 7 has also sold out in the new jet black colour, the company said. Customers who enter Apple Stores Friday, when the gadgets hit shelves, will not be able to purchase the sold-out phones on site, but they can continue to ... Read More »

Uber debuts self-driving vehicles in landmark Pittsburgh trial

Uber debuts self-driving vehicles in landmark Pittsburgh trial

The launch of Uber’s self-driving pilot program marks the public unveiling of the company’s secretive work in autonomous vehicles and the first time self-driving cars have been so freely available to the U.S. public. More than two years ago Uber – like most in the car business – identified autonomous driving technology as the springboard for the next stage of ... Read More »