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IBM

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

Markets

IBM posts double-digit cloud revenue growth; says customers deferring some projects

IBM shares, however, fell 3% after the company stayed away from issuing a forecast for the current quarter, citing uncertainty around a global economic recovery due to the COVID-19 pandemic.

Published 20 Oct, 2020 12:31pm

Pakistan

IBM launching Open P-tech learning platform in Pakistan

“IBM is launching Open P-TECH in Pakistan to help develop talent and equip them with technical and professional proficiency in AI, Data Science, Cybersecurity, Cloud, etc - enabling our workforce for a Digital Pakistan,” said Aidrus in a tweet post.

Published 28 Jul, 2020 02:46pm

Markets

IBM earnings beat estimates on cloud strength

Revenue from the cloud business, previously headed by IBM's new boss Arvind Krishna, rose 30% to $6.3 billion in the second quarter.
IBM's total revenue fell 5.4% to $18.12 billion in the quarter, but came in above analysts' estimates of $17.72 billion.

Published 21 Jul, 2020 01:16am

Gainers
Losers
Leaders

Stock	Price
Haseeb Waqas / Dec 1 Haseeb Waqas Sugar Mills Limited(HWQS)	10.38 ▲ 1.00 (10.66%)
Bela Auto / Dec 1 Bela Automotives Limited(BELA)	8.79 ▲ 0.81 (10.15%)
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	2.70 ▲ 0.21 (8.43%)
Sec. Inv. Bank / Dec 1 Security Investment Bank Limited(SIBL)	6.50 ▲ 0.46 (7.62%)
Bannu Woollen / Dec 1 Bannu Woollen Mills Limited(BNWM)	30.21 ▲ 2.11 (7.51%)
Chashma / Dec 1 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Dec 1 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Dec 1 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Dec 1 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
MithchellsFruit / Dec 1 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)

Stock	Price
Nazir Cotton Mills / Dec 1 Nazir Cotton Mills Limited(NCML)	3.07 ▼ -0.83 (-21.28%)
Trust Mod. / Dec 1 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Dar-es-Salaam / Dec 1 Dar-es-Salaam Textile Mills Limited(DSML)	8.30 ▼ -0.95 (-10.27%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	9.06 ▼ -0.94 (-9.40%)
Jahangir Sidd(Pref) / Dec 1 Jahangir Sidd(Pref)(JSCLPSA)	8.51 ▼ -0.74 (-8.00%)
Ideal Sp. / Dec 1 Ideal Spinning Mills Limited(IDSM)	14.66 ▼ -1.19 (-7.51%)
AKD Hospitality / Dec 1 AKD Hospitality Limited(AKDHL)	159.28 ▼ -12.91 (-7.50%)
Blessed Tex. / Dec 1 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Universal Network (GEM) / Dec 1 Universal Network Systems Limited (GEM)(GEMUNSL)	32.99 ▼ -2.67 (-7.49%)
Metro Steel / Dec 1 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)

Stock	Volume
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	50,052,966 ▼ -0.21
Cnergyico PK / Dec 1 Cnergyico PK Limited(CNERGY)	35,689,157 ▼ -0.07
Pak Refinery / Dec 1 Pakistan Refinery Limited(PRL)	35,409,231 ▼ -0.13
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	32,650,500 ▲ 1.67
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	30,039,307 ▲ 0.58
Kohinoor Spining / Dec 1 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.20
The Searle Co. / Dec 1 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.38
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.07
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	15,482,500 ▲ 0.67

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
Dow Jones / Nov 29	35430.42
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33486.89
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7437.50
Germany DAX 30 / Nov 30	16203.24
France CAC40 / Nov 30	7279.08

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

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