In a significant shift in trade policy, the United States has imposed tariffs on imports from Pakistan, along with over 180 other countries. This decision, announced by President Donald Trump, includes a reciprocal tariff of 29% on goods imported from Pakistan, which is a response to the high tariffs that Pakistan imposes on American products, reportedly at 58%. This move is part of a broader strategy to address perceived trade imbalances and protect U.S. manufacturing interests. The imposition of these tariffs is expected to have far-reaching implications for Pakistan's economy. Leading businessman Arif Habib has expressed concerns that the tariffs will lead to increased prices for commodities and a subsequent drop in demand. The economic impact could be severe, particularly for industries reliant on exports to the U.S. market, which has traditionally been a significant destination for Pakistani goods. In addition to the immediate economic effects, the tariffs could also infl...
The world changed after the pandemic, and digital transformation sped up. In November 2022, OpenAI released ChatGPT, a popular generative AI tool. It quickly gained over a million users, creating a buzz around AI . Other tools like Alphabet’s Bard and Baidu’s Ernie followed, boosting tech stocks. AI isn’t new, dating back to the fifties with Alan Turing’s ideas. AI chatbots like Eliza emerged in the sixties. By 2010, big tech integrated AI into products, making Google, Meta, Amazon, Uber, LinkedIn, and TikTok iconic with machine learning. Generative AI, using neural networks, differs from traditional AI by creating new content and allowing natural language communication. It has huge productivity implications, especially for startups and small businesses. In the ABC (advertising, brand, communications) ecosystem, generative AI enhances creativity, personalization, and efficiency. However, it’s still in early phases, needing integration into processes beyond simple prompting....