
ISLAMABAD: December 06
ISLAMABAD, Dec 06 (APP): The 100-index of Pakistan Stock Exchange (PSX) crossed another milestone on Wednesday and reached to 63,917.72 points by gaining 961.70 more points, a positive change of 1.53 percent, PSX reported.
A total of 984,813,834 shares valuing Rs 35.094 billion were traded during the day as compared to 765,418,288 shares valuing Rs 30.858 billion the last day.
Some 383 companies transacted their shares in the stock market; 258 of them recorded gains and 117 sustained losses, whereas the share prices of 08 remained unchanged.
The three top-trading companies were K-Electric Ltd with 143,664,783 shares at Rs3.52 per share, WorldCall Telecom with 56,892,842 shares at Rs 1.57 per share and Hascol Petrol with 54,500,000 shares at Rs 6.69 per share.
Nestle Pakistan Ltd witnessed a maximum increase of Rs 99.99 per share price, closing at Rs 8,700.00, whereas the runner-up was Sapphire Fiber Ltd with a Rs 89.50 rise in its per share price to Rs 1,309.50.
Rafhan Maize witnessed a maximum decrease of Rs 91.00 per share closing at
Rs 11,399.00, followed by Pakistan Tobacco Ltd with a Rs 55.69 decline to close at Rs 1,091.01.
RIYADH, Dec 6 (APP): The Kingdom of Saudi Arabia has been awarded the first position for winning the largest number of medals in the World Artificial Intelligence Competition for Youth (WAICY), in which 18,000 male and female students from 40 countries in the world participated, topping the United States, India, Greece, Canada, and Singapore.
According to SPA on Wednesday, in the global competition organized by the Saudi Data and Artificial Intelligence Authority (SDAIA) in cooperation with King Abdullah University of Science and Technology (KAUST), 18 Saudi projects won, including 11 got gold, silver, and bronze medals, and 7 other projects were in advanced positions out of 6,039 projects, while the United States won 10 medals, India and Greece won two medals for each country, and Canada and Singapore won one medal for each country.
The Kingdom was represented in the competition by general education students from the levels, primary, intermediate, and secondary schools from the schools of Misk, Dhahran, Madac, KAUST, Aramco, AlUla, and NEOM. They all competed in the three competition tracks: AI Showcase, AI-Generated Art, and AI Large language model.
In light of this Saudi excellence, SDAIA and KAUST received the Outstanding Organization Award at the global level for their efforts and commitment to developing artificial intelligence education.
These results confirm the high awareness of Saudi society towards artificial intelligence technologies, which was previously mentioned in the sixth edition of the Artificial Intelligence Index report issued by Stanford University in April 2023, as the Kingdom ranked second in the world in societal awareness of AI following an opinion poll that showed a high rate of confidence among Saudi citizens to deal with artificial intelligence products and services in the Kingdom.
ISLAMABAD, Dec 06 (APP): The Supreme Court on Wednesday declared that the ‘haq mehr’ (dower) has to be paid to a woman whenever she demanded it from her husband.
The court imposed a fine worth Rs1,00,000 on petitioner for six-year delay in payment of the ‘mehr’ amount to his wife and also directed him to pay the expenditures of litigation to the woman.
A three-member bench, headed by Chief Justice of Pakistan Qazi Faez Isa issued the three-page written order in an appeal filed by a citizen Khalid Pervaiz.
The order said that ‘mehr’ is an Islamic concept and it is specifically recognised by the law of Pakistan. It has to be paid whenever demanded by the wife, it added. The order said that the mehr (dower) can be demanded during the subsistence of the marriage, and that the husband is under an obligation to pay it.
It said that the woman had to file a suit for recovery of the ‘mehr ‘ and maintenance, and the petitioner unnecessarily involved her in litigation, which reached this Court after six and half years.
The court said that this kind of frivolous litigation is paralysing the judicial system of the country. The petitioner took up an untenable defence, and perpetuated it probably because costs were not imposed upon him and the courts did not insist that the decision of the Family Court should first be complied with before entertaining a challenge to it.
It said that if a decision was challenged it did not mean that it became ineffective, and needed not be complied with
.
The SC said that there was no justification to assail the decision of the high court, which was in accordance with the law. Therefore, leave to appeal had been declined and this petition was dismissed.
“Therefore, in addition to imposing costs throughout we impose compensatory costs to the extent of one hundred thousand rupees on the petitioner considering the decrease in the value of money. If the ‘mehr’ and the said costs are not paid the Family Court shall execute this order, which may include attachment of the properties of the petitioner,” it concluded.