Business

Textiles from Pakistan are on display in France

Published

3 months ago

Farwa

Instead of raising false or profoundly fabricated complaints, people can now request that AI-generated content that breaches their privacy be removed under the new policy.

According to YouTube’s recently updated Help literature, the procedure calls for first-party claims, unless there are some defined exceptions, the impacted person is a juvenile, doesn’t have access to a computer, or has passed away.

You do not, however, ensure removal by submitting a takedown request. YouTube will evaluate the complaint according to a number of criteria, such as whether the video is identified as artificial intelligence (AI) or synthetic, if it can be proven to be parody, satire, or of general public interest, and whether it is disclosed as such.

A public figure or other well-known individual may be featured in the AI content, and the corporation will take into account whether or not it depicts them in delicate situations, such as when they are violent, engaging in criminal activity, or advocating a political candidate or product.

The uploader of the clip will have 48 hours to respond to a complaint on YouTube. The complaint is closed in the event that the content is taken down before the allotted time hits. In any other case, a review will be posted on YouTube.

Additionally, the business alerted consumers to the fact that removal entails the video’s total removal from the website.

With its own experiments with generative AI, including a conversational interface for asking questions about videos or receiving recommendations, and a summarizer of comments, YouTube takes a multifaceted approach to AI-generated content.

YouTube won’t penalize the original content producer in the event that privacy concerns are made with AI content. As a separate issue from Community Guidelines violations, the firm will instead concentrate on resolving the privacy infringement.

From July 2–4, the Paris Porte de Versailles played host to Texworld Evolution Paris, an event that brings together worldwide manufacturers of textiles and completed goods with a large number of fashion industry professionals.

For three days in Paris, the full gamut of textile and apparel events will be on display. Texworld, Apparel Sourcing, Avantex—a platform for cutting-edge fashion solutions—and Leatherworld—a platform for the entire leather industry—will be welcoming about 1,200 exhibitors from 26 different countries.

The Pakistan Pavilion at Texworld Evolution in Paris, France, showcased captivating textile items from 12 Pakistani exhibitors eager to collaborate with worldwide clients, and was launched by Ambassador Asim Iftikhar Ahmad.

As announced in a news statement sent out on Monday, the Texworld Evolution Paris will remain open until July 3, 2024.

The Trade & Investment Section of the Pakistani Embassy and the Trade Development Authority of Pakistan are working together to promote Pakistan’s textile industry and attract international investment through enabling business-to-business (B2B) relationships with prospective clients.

Business

Report: Solar is expected to set new records this year.

Published

8 hours ago

Farwa

In 2023, there was an expected 87% increase in growth. This year’s increase is 29% over the previous one, according to the research.

The cheapest source of electricity globally is solar power, and as such, it is expanding quicker than many anticipated, according to Euan Graham, an Ember electricity data analyst.

Ember estimates demonstrate the rapid growth of solar energy: in 2024 alone, new solar capacity will surpass the 540 GW of additional coal power added globally since 2010.

Expected to add 334 GW, or 56 percent of the global total in 2024, China continues to lead the globe in this industry.

According to the survey, it is followed by the US, India, Germany, and Brazil. These five nations will account for 75% of the new solar capacity in 2024.

According to the research, maintaining the sector’s growth required grid capacity and battery storage.

“Providing enough grid capacity and developing battery storage is critical for handling electricity distribution and supporting solar outside of peak sunlight hours as solar becomes more inexpensive and accessible,” the statement stated.

“Solar power might continue to surpass forecasts for the remainder of the decade if these issues are resolved and development is sustained.”

Business

The PSX has resumed operations, achieving a gain of 970 points.

Published

1 day ago

Farwa

The optimistic close at the PSX was propelled by rumors preceding the International Monetary Fund (IMF) executive board meeting on September 25, at which the approval of a $7 billion Extended Fund Facility (EFF) is expected, stated Ahsan Mehanti of Arif Habib Commodities.

Strong economic indicators, such as increasing remittances, escalating exports, and a declining trade deficit, further bolstered investor confidence. Furthermore, the Asian Development Bank’s (ADB) commitment to a $2 billion yearly concessional loan until 2027, along with a robust rupee, significantly contributed to the market’s favorable performance, he stated.

Widespread purchasing at the PSX was noted among blue-chip stocks, with major players like Mari Petroleum (MARI), Engro Fertilizers (EFERT), United Bank Limited (UBL), Meezan Bank Limited (MEBL), and Fauji Fertilizer Company (FFC) recording substantial increases. According to Topline Securities, these stocks collectively resulted in a significant 682-point increase in the index.

Pioneer Cement Limited (PIOC) announced its fiscal year 2024 results, revealing a profits per share (EPS) of Rs 22.79 and a cash dividend of Rs 10 per share. This announcement contributed to the favorable sentiment in the market.

Trading volume surpassed 400.2 million shares, resulting in a total turnover of Rs15.9 billion. Worldcall Telecom Limited (WTL) topped the volume chart, transacting more than 32.2 million shares.

The Large Scale Manufacturing Index (LSMI) demonstrated a year-on-year (YoY) gain of 2.4% in July 2024. This expansion was propelled by multiple critical areas.

Tobacco experienced a significant increase of 90.2%, establishing it as the foremost contributor to the LSMI growth. Conversely, the automotive sector witnessed a substantial increase of 72.0%, indicating robust demand and output.

The transport equipment category experienced an 11.7% increase, signifying robust growth in the manufacturing of transport-related machinery and equipment. The other manufacturing sector experienced a gain of 10.7%, positively impacting the overall LSMI.

Nevertheless, not all industries exhibited strong performance. The leading decliner was the fabricated metal sector, which experienced an 18.4% decrease, signifying a contraction in metal product manufacturing. The electrical equipment industry experienced a substantial decline of 19.4%, indicative of reduced output levels.

In July 2024, the LSMI decreased by 2.1% on a month-on-month (MoM) basis. This fall signifies a minor contraction in manufacturing operations relative to the preceding month, although the favorable year-on-year growth.

Business

As of August 2024, Pakistan’s current account is in surplus.

Published

1 day ago

Farwa

Pakistan’s current account deficit was $161 million as of August 2023, according to figures from the central bank.

The current account deficit for the months of July and August of this year was $171 million, compared to $939 million for the same time in the previous fiscal year.

According to experts, the 40% rise in remittances is the primary cause of the current account surplus.

August saw US$ 2.9 billion in offshore remittances to Pakistan, according to experts.

Comparing July of this year to July of last year, total exports increased by 11.3% YoY to $3.01 billion. In contrast to the $3.08 billion in exports the month before, it decreased by 2.2%.

Compared to the $4.99 billion in imports recorded in July of previous year, total imports increased 12.2% YoY to $5.6 billion. Imports decreased by 1.3% over the previous month.