<p>PAKISTAN’S economic debate is trapped in a distracting quarrel — whether banks lend too much to government and too little to enterprise. Allocation matters, but it is not the binding constraint. On the State Bank’s consolidated estimates, with the share of development spending shrinking, a rupee of government spending now multiplies about 0.71 in output on average while a rupee of private investment returns 1.2 to 1.3. The private rupee works nearly twice as hard yet, strip out producti

<p>OpenAI will publicly launch its most capable model, GPT-5.6, on Thursday, after delaying the launch last month on the US government’s request amid national security concerns that powerful AI systems could be misused.</p> <p>This comes on the heels of the US government <a href="https://www.dawn.com/news/2012133">lifting curbs</a> on Anthropic’s latest Fable and Mythos AI models last week, less than three weeks after the company was <a href="https://www.dawn.com/news/2007652">ordered</a> to

<img src='https://i.cbc.ca/ais/96f90e7e-f470-4ef0-9bba-2ef310650eb6,1783449216116/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C33%2C2738%2C1540%29%3BResize%3D%28620%29' alt='Cancer survivor Paul Lonergan stands against a wall of green leaves.' width='620' height='349' title='In 2023, Paul Lonergan got a shocking diagnosis: he had a large tumour at the base of his tongue. After months of gruelling treatment, the Toronto resident hoped his cancer was gone. Then a clinical trial offered him a &qu

<p>Experts say cuts have hindered the response to DRC’s Ebola outbreak and resulted in ‘significant numbers’ of deaths</p><p>Elon Musk has an Ebola problem. SpaceX stock dropped precipitously after its initial public offering, and Tesla faces a wave of lawsuits. But instead of focusing on his companies, Musk has posted frequently on X about the US Agency for International Development (USAID), which he helped dismantle – or, in his words, feed into the woodchipper – last year.</p><p>“

<p>President Asif Ali Zardari and Kyrgyzstan President Sadyr Zhaparov on Tuesday reaffirmed their commitment to boosting bilateral ties between Pakistan and Kyrgyzstan, particularly deepening trade, economic and investment cooperation.</p> <p>President Zardari <a href="https://www.dawn.com/news/2013361">arrived</a> in Kyrgyzstan a day earlier for a four-day official visit, from July 6-9.</p> <p>According to a joint statement issued on Tuesday, the two expressed satisfaction over the “developme

<p>ISLAMABAD: The new management of Ufone and Telenor Pakistan has decided to rebrand the merged telecom company and has filed an application with the Pakistan Telecommunication Authority (PTA) in this regard, it emerged on Monday.</p> <p>Earlier this month, the Telenor Pakistan was formally <a href="https://www.dawn.com/news/2012241">amalgamated</a> into Pak Telecom Mobile Limited (PTML) — the legal name for Ufone — after final approval by the Islamabad High Court (IHC).</p> <p>Sources in P

<p>Microsoft said Monday it was eliminating about 4,800 jobs — roughly 2 per cent of its global workforce — in a cost-cutting move that will deliver a sweeping restructuring of its struggling Xbox gaming division.</p> <p>The cuts include the deepest overhaul in Xbox’s history, with approximately 3,200 gaming jobs to be shed over the coming fiscal year, four game studios being spun off or sold, and a fifth entering a review process that could lead to closure, the company said.</p> <p>The an

President Asif Ali Zardari will head to Kyrgyzstan on Monday for a four-day official visit, according to the Foreign Office (FO). Accompanied by a high-level delegation, President Zardari will undertake the visit at the invitation of the Kyrgyz...

<p>Prime Minister Shehbaz Sharif arrived in Istanbul on Friday for an official visit to Turkiye at the invitation of President Recep Tayyip Erdogan, said a statement by the government.</p> <p>The premier, earlier today <a href="https://www.dawn.com/news/2012668/pm-shehbaz-cdf-munir-pay-respects-to-irans-assassinated-supreme-leader-khamenei">attended</a> the funeral Iranian supreme leader Ayatollah Ali Khamenei, who was <a href="https://www.dawn.com/news/1976870"><u>assassinated</u></a> in a US-I

<figure class='media w-full sm:w-full media--center media--uneven media--stretch' data-original-src='https://i.dawn.com/large/2026/07/020337438dd8583.webp'> <div class='media__item '><picture><img src='https://i.dawn.com/large/2026/07/020337438dd8583.webp' alt=' PM Shehbaz Sharif chairs a meeting to review preparations ahead of the monsoon season.&mdash;APP ' /></picture></div> <figcaption class='media__caption '>PM Shehbaz Sharif chairs a meeting to review preparati