Business News
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Power sector faces Rs560b in losses | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Energy Sardar Awais Leghari said on Thursday that the country would face Rs560 billion in losses in the power sector by the end of June this year. He mentioned that Rs200 billion are billed in the power sector but remain unrecovered from consumers, while another Rs300 billion are lost due…
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Ride-hailing firms eye exclusive SOPs | The Express Tribune
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[ad_1] KARACHI: Operating as Online Marketplaces (OMPs), transportation service providers with technology companies, have demanded that the government ensure proper regulations for the emerging ride-hailing industry. They advocate for standard practices, reasonable taxation, and fair competition, alongside revamping broken road infrastructure. These measures would benefit both customers or users and service providers. The ride-hailing services…
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What’s next after Bitcoin halving?
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[ad_1] Bitcoin halving is going to occur soon. — Unsplash/File The Bitcoin halving is anticipated to occur on Friday or Saturday. This involves halving the number of newly issued Bitcoin that is created around every 10 minutes, according to Investopedia. The incentive for Bitcoin miners and the rate at which new Bitcoins are issued will…
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Why is Apple spending $250 million in Singapore?
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[ad_1] Apple is investing millions in Singapore. — Unsplash/file Apple confirms that it will invest more than $250 million to expand a regional hub in Singapore supporting growth and new undertakings in artificial intelligence (AI) as the US-based tech company aims to diversify its footprint in Asia and cut exposure to China. Apple would begin…
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FinMin Aurangzeb discusses Pakistan’s reform agenda with US State Dept’s Donald Lu
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[ad_1] Assistant Secretary Donald Lu (left) and Principal Deputy Assistant Secretary Elizabeth Horst of US State Department meet Finance Minister Mohammad Aurangzeb at the World Bank headquarter in Washington on April 18, 2024. — X/@Financegovpk WASHINGTON: A high-level meeting between Finance Minister Muhammad Aurangzeb and United States State Department Assistant Secretary Donald Lu discussed Pakistan’s…
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PMPKL laments significant decline in volumes within legitimate tobacco sector | The Express Tribune
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[ad_1] ISLAMABAD: Philip Morris Pakistan Limited (PMPKL) underscored the urgency for immediate measures to tackle the escalating presence of low-priced non-tax-paid cigarettes, which has resulted in a loss of a level playing field and a significant decline in volumes within the legitimate tobacco sector. In a media briefing to address the profound challenges gripping the…
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SMEs to get affordable credit facilities | The Express Tribune
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[ad_1] ISLAMABAD: The government has drawn up a plan to provide affordable credit facilities to small and medium-sized businesses, which are considered a vital part of the economy and provide a large number of job opportunities. The matter was taken up in a recent meeting of the cabinet while discussing the acceptance of resignation submitted…
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‘Taxation reforms’ key to sustainable economy | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday said the government is committed to economic reform in an effort to ensure sustainable economic development in the country. The minister spoke at the JP Morgan Seminar on Pakistan’s Economic Policy Outlook. Read more: Waterways revolution: a green, blue future economy He outlined three important reform areas of…
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Billionaires advise investing in these 5 best stocks right now
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[ad_1] The stock market is a favourite place for billionaires to invest in. Many of them have accumulated their wealth by successfully navigating the world of stocks. Here is a list of the five best companies to buy stocks in right now to make money. Alphabet Inc (NASDAQ:GOOGL) American technology conglomerate Alphabet Inc is the holding…
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WB reaffirms support for Islamabad amid FinMin Aurangzeb’s ‘busy’ Washington trip
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[ad_1] Finance Minister Muhammad Aurangzeb (left) poses for a photo alongside World Bank President Ajay Banga in Washington on April 17, 2024. — X/@Financegovpk Washington-based lender World Bank (WB) Wednesday reaffirmed its support for Islamabad’s for reforms and digitisation programmes as Finance Minister Muhammad Aurangzeb’s maiden Washington trip continues. Aurangzeb, who is in Washington to…
