Anthropic, the artificial intelligence (AI) company behind the Claude chatbot, could be valued at around $1.3 trillion (£1 trillion) when it lists its shares for sale on New York's Nasdaq stock exchange.
Pakistan’s Public Accounts Committee (PAC) has raised concerns over the failure to identify and tag Rs 624 billion worth of assets belonging to power distribution companies (DISCOs), warning that incomplete records and valuations could expose public property to theft and undermine the planned privatization process.
The federal government spent only Rs 103.87 billion, or 10.39 percent, of its Rs 1 trillion development budget during the first four months of fiscal year 2026-27, according to official documents.
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) on Tuesday approved proposals concerning the appointment of a chairman/independent director at National Engineering Services Pakistan (NESPAK), the reconstitution of the board of Hyderabad Electric Supply Company (HESCO) and the appointment of an independent director to the board of Sukkur Electric Power Company (SEPCO), according to a statement issued by the Ministry of Finance.
