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اردو

Jun 16, 2026 اردو

Print Edition BR Markets Dollar to PKR

Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices

Technology

Alibaba Cloud announces price cut on products powered by offshore data centers

Published April 8, 2024 Updated April 8, 2024 02:13pm

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By Reuters

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HONG KONG: China’s Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore data centers by as much as 59% amid rising competition to attract artificial intelligence software developers.

The cloud service provider said products related to computing, storage, network, database and big data will receive an average of a 23% price reduction.

This is the third time the cloud arm of Chinese e-commerce leader Alibaba Group Holding has moved to cut prices over the last 12 months.

New Alibaba Group CEO lays out strategic priorities for staff

In February, Alibaba had already announced a similar price cut programme aimed at domestic users.

The price cuts mark Alibaba’s latest effort to lure developers to build data-intensive AI models and applications using its cloud services.

China

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.52
USD PKR Interbank Buying / Jun 12	278.32
USD to Japanese Yen / Jun 15	160.23
USD to Swiss Franc / Jun 15	0.79
Pound Sterling to USD / Jun 15	1.40
Euro to USD / Jun 15	1.16
SOFR % / Jun 15	3.60

Stock	Volume
S&P 500 / Jun 15	7,554.29
India Sensex / Jun 15	76,264.33
Tokyo Nikkei / Jun 15	69,317.50
Nasdaq / Jun 15	26,683.94
Hang Seng / Jun 15	24,842.67
FTSE 100 / Jun 15	10,430.62
Dow Jones / Jun 15	51,671.03
Germany DAX 30 / Jun 15	24,894.01
France CAC40 / Jun 15	8,384.01

Item	Value
Crude Oil USD/Barrel / Jun 15	81.48
Karachi Cotton PKR/37.32 KG / Jun 15	21,080
Gold 10 Grams PKR / Jun 15	389,600
Gold Spot USD/Ounce / Jun 15	4,317.83
Cotton US¢/pound / Jun 15	76.81
Petrol/Litre / Jun 16	373.78
Diesel/Litre / Jun 16	378.78

Gainers
Losers
Leaders

Stock	Price
Pak. P.V.C. / Jun 16 Pakistan PVC Limited(PPVC)	34.60 ▲ 6.01 (21.02%)
Pak Stock Exchange / Jun 16 Pakistan Stock Exchange Limited(PSX)	52.70 ▲ 9.15 (21.01%)
National Silk / Jun 16 The National Silk & Rayon Mills Limited(NSRM)	195 ▲ 33.74 (20.92%)
Power Cem(Pref) / Jun 16 Power Cement (Pref)(POWERPS)	28.77 ▲ 4.97 (20.88%)
Siddiqsons Tin / Jun 16 Siddiqsons Tin Plate Limited(STPL)	10.09 ▲ 1.65 (19.55%)
Elahi Cotton / Jun 16 Elahi Cotton Mills Limited(ELCM)	341 ▲ 55.24 (19.33%)
First Fid. Leasing / Jun 16 First Fidelity Leasing Modaraba(FFLM)	15.05 ▲ 2.36 (18.6%)
Kohat Textile / Jun 16 Kohat Textile Mills Limited(KOHTM)	142 ▲ 20.54 (16.91%)
Din Tex. / Jun 16 Din Textile Mills Limited(DINT)	65 ▲ 8.74 (15.54%)
Crescent Steel / Jun 16 Crescent Steel & Allied Products Limited(CSAP)	111.55 ▲ 14.99 (15.52%)

Stock	Price
Universal Ins. / Jun 16 The Universal Insurance Company Limited(UVIC)	22.05 ▼ -2.83 (-11.37%)
Askari Life Assur. / Jun 16 Askari Life Assurance Company Limited(ALAC)	22.75 ▼ -2.79 (-10.92%)
Grays Leasing / Jun 16 Grays Leasing Limited(GRYL)	19.52 ▼ -1.73 (-8.14%)
JS Global Cap. / Jun 16 JS Global Capital Limited(JSGCL)	155 ▼ -11.89 (-7.12%)
Data Agro / Jun 16 Data Agro Limited(DAAG)	92 ▼ -6.07 (-6.19%)
Shahtaj Textile / Jun 16 Shahtaj Textile Limited(STJT)	129.05 ▼ -8.46 (-6.15%)
Idrees Tex. / Jun 16 Idrees Textile Mills Limited(IDRT)	47.39 ▼ -2.71 (-5.41%)
Jubilee Gen. Ins. / Jun 16 Jubilee General Insurance Limited(JGICL)	75 ▼ -4.14 (-5.23%)
Pak Qatar Gen.Takaful / Jun 16 Pak Qatar General Takaful Limited(PQGTL)	14.67 ▼ -0.75 (-4.86%)
Zephyr Textile / Jun 16 Zephyr Textiles Limited(ZTL)	19.48 ▼ -0.97 (-4.74%)

Stock	Volume
B.O.Punjab / Jun 16 The Bank of Punjab(BOP)	5,316,967 ▲ 1.67
Siddiqsons Tin / Jun 16 Siddiqsons Tin Plate Limited(STPL)	3,195,550 ▲ 1.65
Maple Leaf Cement / Jun 16 Maple Leaf Cement Factory Limited(MLCF)	2,580,657 ▲ 7.77
Sui South Gas / Jun 16 Sui Southern Gas Company Limited(SSGC)	2,120,977 ▲ 1.61
TPL Corp Ltd / Jun 16 TPL Corp Limited(TPL)	2,052,948 ▲ 1.66
Pak Stock Exchange / Jun 16 Pakistan Stock Exchange Limited(PSX)	1,895,970 ▲ 9.15
F. Nat.Equities / Jun 16 First National Equities Limited(FNEL)	1,646,947 ▲ 0.05
TPL Properties / Jun 16 TPL Properties Limited(TPLP)	1,309,001 ▲ 0.45
PIA Holding Co.Ltd / Jun 16 PIA Holding Company Limited(PIAHCLA)	1,306,310 ▲ 1.86
Kohinoor Spinning / Jun 16 Kohinoor Spinning Mills Limited(KOSM)	1,301,356 ▲ 0.43