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IT infrastructure: PTCL partners with IBM & GBM Pakistan

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL), the country’s leading ICT services provider, has...

Published 24 Dec, 2024 09:00am

Technology

IBM releases new AI models for businesses as genAI competition heats up

IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking...

Published 21 Oct, 2024 10:45am

Business & Finance

IBM to close China R&D department, affecting over 1,000 jobs

BEIJING: IBM will completely shut its China R&D operation, affecting more than 1,000 jobs, the US technology...

Published 26 Aug, 2024 05:41pm

Markets

IBM shares soar to more than 10-year high on rosy AI outlook

NEW YORK: IBM shares jumped nearly 13% to a more than 10-year high on Thursday after the company reported a...

Published 26 Jan, 2024 04:58am

Technology

Musk, Zuckerberg, Gates to join US senators for AI forum

WASHINGTON: The US Senate’s top Democrat is bringing US technology leaders including Tesla CEO Elon Musk, Meta...

Published 13 Sep, 2023 02:12pm

Technology

IBM to launch Meta’s Llama 2 on watsonx AI platform for businesses

International Business Machines said on Wednesday it would host Meta Platforms’ artificial intelligence language...

Published 09 Aug, 2023 05:49pm

Technology

Systems Limited and IBM showcase cutting-edge technology at ‘Go Limitless’

LAHORE: Systems Limited, in collaboration with its partner IBM, hosted Go Limitless, an event focused on business...

Published 12 Jun, 2023 06:26am

Technology

IBM eyes hiring pause because AI does the job

WASHINGTON: The CEO of IBM said he was eyeing to downsize the tech giant’s back office workforce by nearly a third...

Published 03 May, 2023 12:35pm

Technology

German software giant SAP to cut 3,000 jobs

FRANKFURT: German software giant SAP on Thursday said it planned to cut some 3,000 jobs this year, joining a wave of...

Published 26 Jan, 2023 02:49pm

Technology

IBM cuts 3,900 jobs, misses annual cash target

IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target,...

Published 26 Jan, 2023 11:22am

Technology

IBM launches its powerful quantum computer with 433 qubits

NEW YORK: International Business Machines Corp on Wednesday said it launched its most powerful quantum computer to...

Published 10 Nov, 2022 07:28am

Technology

IBM launches its most powerful quantum computer with 433 qubits

International Business Machines Corp on Wednesday said it launched its most powerful quantum computer to date called...

Published 09 Nov, 2022 07:16pm

Markets

Wall St gains as upbeat corporate forecasts boost sentiment

NEW YORK: Wall Street’s main indexes jumped on Thursday as upbeat results and forecasts from IBM, AT&T and Dow...

Published 21 Oct, 2022 05:57am

Technology

Biden to hail IBM’s $20bn investment announcement

WASHINGTON: IBM will host US President Joe Biden Thursday to celebrate the announcement of a $20-billion investment...

Published 06 Oct, 2022 02:53pm

Technology

Systems Limited and IBM co-host Transcend 2022

KARACHI: The recent technological shift urged businesses to capture digital transformation’s value. The business...

Published 01 Jul, 2022 06:13am

Business & Finance

Thriving in the age of data: Systems Limited, IBM co-host 'Drive Business Value using Advanced Analytics'

Modern and advanced cognitive systems evolve with market, customer, and business needs. They empower businesses to...

Published 27 Oct, 2021 06:12pm

Opinion

Cheap, abundant renewable energy powers cluster of Quebec data centres

With vast amounts of cheap and renewable electricity mostly generated from hydro dams, Quebec is seeing more and ...

Updated 24 Oct, 2021 05:37am

Markets

Dow hit by IBM results, Nasdaq rises on gains in Big Tech

NEW YORK: The Dow on Thursday eased from a record high hit in the previous session as IBM shares fell after its...

Published 22 Oct, 2021 04:13am

Business & Finance

Aussie slips, yen gains as risk sentiment sours

NEW YORK: Risk sensitive currencies including the Australian dollar slipped on Thursday and the safe-haven Japanese...

Published 22 Oct, 2021 04:13am

Technology

Germany eyes technological leap with first quantum computer

FRANKFURT: Chancellor Angela Merkel on Tuesday inaugurated Germany's first quantum computer, built by US firm IBM,...

Published 16 Jun, 2021 03:40am

Technology

IBM unveils world's first 2nm chip

IBM claims that the use of new technology will also increase the battery life of mobile phones by four times, after which the phone will need to be charged only once in 4 days.

Published 07 May, 2021 03:40pm

Technology

IBM turnover picks up thanks to cloud silver lining

SAN FRANCISCO: US computer giant IBM soothed market jitters Monday with better-than-expected results and a slight...

Updated 21 Apr, 2021 10:09am

Technology

IBM turnover picks up thanks to cloud silver lining

This sector is notably driven by a hybrid cloud platform that allows customers to use a combination of their own private servers and so-called public storage space, such as that provided by external service providers like Amazon or Microsoft.

Published 20 Apr, 2021 10:57am

Technology

Boom in innovation for overcoming disabilities: UN

GENEVA: Innovations aimed at helping people overcome mobility, sight and other disabilities have exploded in recent...

Updated 24 Mar, 2021 10:12am

Pakistan

Asif Ahmad named IBM Pakistan GM

KARACHI: IBM announced today that Asif Ahmad has been named General Manager of IBM Pakistan. Ahmad succeeds ...

Updated 18 Mar, 2021 09:24am

Technology

IBM to become more environment friendly by 2030

IBM sets new climate goals to get rid of carbon emissions from its operations by 2030.

Published 17 Feb, 2021 02:12pm

Technology

India's TCS becomes Most Valued IT Company in the World

India's Tata Consultancy Services (TCS) overtakes Accenture to become the most valued IT services company in the world today.
TCS's market capitalization rose to US$ 169.9 billion ahead of its rival Accenture.

Published 25 Jan, 2021 07:51pm

Business & Finance

IBM revenue disappoints as software sales mark rare decline

NEW YORK: IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in...

Updated 25 Jan, 2021 10:07am

Business & Finance

IT services have export potential of $10bn: OICCI

KARACHI: The “OICCI Recommendations for Digital Economy” report was launched on Monday highlighting the...

Updated 19 Jan, 2021 04:46am

World

Saudi Arabia inks strategic pacts with three IT giants on artificial intelligence

The agreements are part of Saudi Arabia's Vision 2030 reform plan that aims to promote economic and social policies

Published 23 Oct, 2020 11:39am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 30	278.58
USD PKR Interbank Buying / Dec 30	278.43
USD to Japanese Yen / Dec 30	156.45
USD to Swiss Franc / Dec 30	0.90
Pound Sterling to USD / Dec 30	1.26
Euro to USD / Dec 30	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
India Sensex / Dec 30	78,248.13
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Hang Seng / Dec 30	20,111.38
FTSE 100 / Dec 30	8,121.01
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14

Item	Value
Crude Oil USD/Barrel / Dec 30	71.36
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Gold Spot USD/Ounce / Dec 30	2,604.69
Cotton US¢/pound / Dec 30	68.76
Petrol/Litre / Dec 31	252.10

Gainers
Losers
Leaders

Stock	Price
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.70 ▲ 0.70 (17.50%)
Chenab Ltd (Pref) / Dec 31 Chenab Limited (Pref)(CLCPS)	4.78 ▲ 0.56 (13.27%)
Chenab Ltd / Dec 31 Chenab Limited(CHBL)	10.28 ▲ 1.00 (10.78%)
Gulistan Sp. / Dec 31 Gulistan Spinning Mills Limited(GUSM)	9.54 ▲ 0.92 (10.67%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Chakwal Spinning / Dec 31 Chakwal Spinning Mills Limited(CWSM)	64.67 ▲ 5.88 (10.00%)
Liven Pharma / Dec 31 Liven Pharma Limited(LIVEN)	150.54 ▲ 13.69 (10.00%)
Pak Datacom / Dec 31 Pak Datacom Limited(PAKD)	167.41 ▲ 15.22 (10.00%)
Suhail Jute / Dec 31 Suhail Jute Mills Limited(SUHJ)	131.86 ▲ 11.99 (10.00%)

Stock	Price
Khyber Textile / Dec 31 Khyber Textile Mills Limited(KHYT)	520.86 ▼ -57.87 (-10.00%)
Nazir Cotton Mills / Dec 31 Nazir Cotton Mills Limited(NCML)	11.51 ▼ -1.24 (-9.73%)
Jubilee Spinning / Dec 31 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.55 ▼ -0.95 (-8.26%)
Supernet Ltd. / Dec 31 Supernet Limited (GEM)(GEMSPNL)	18 ▼ -1.55 (-7.93%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	44 ▼ -3.68 (-7.72%)
Asia Ins. / Dec 31 Asia Insurance Company Limited(ASIC)	13 ▼ -0.99 (-7.08%)
Bank of Khyber / Dec 31 The Bank of Khyber(BOK)	13.93 ▼ -0.90 (-6.07%)
St.Chart.Bank / Dec 31 Standard Chartered Bank (Pak) Ltd(SCBPL)	52.05 ▼ -2.43 (-4.46%)
Dost Steels Ltd. / Dec 31 Dost Steels Limited(DSL)	6.45 ▼ -0.26 (-3.87%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	125,613,935 ▲ 0.16
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.02
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.02
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▲ 0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.06
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▲ 0.38
Sui South Gas / Dec 31 Sui Southern Gas Company Limited(SSGC)	30,315,237 ▼ -0.22
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	29,105,477 ▼ -0.11
Telecard Limited / Dec 31 Telecard Limited(TELE)	26,616,811 ▲ 0.17

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