Business News
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Sam Altman enters ‘Forbes World’s Billionaires List 2024’ but fails to beat rival Elon Musk
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[ad_1] Sam Altman joins World’s Billionaires List at 2,692nd position. OpenAI CEO Sam Altman on Monday finally joined the billionaires club alongside billionaires from around the world, according to Forbes, but still has a long way to go in comparison to tech rival and SpaceX CEO Elon Musk, who stands second on the list. Altman co-founded the…
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March remittances soar to near $3 billion, up 31.27% MoM
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[ad_1] A foreign currency dealer counts US dollar notes at a shop in Karachi.—AFP/File Remittances from overseas Pakistani workers soared by 31.27% month-on-month (MoM) to $2.95 billion in March from $2.25 billion recorded in the previous month, the latest data released by the State Bank of Pakistan (SBP) showed on Monday. The notable rise can…
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OGDCL plans to drill 80 wells for tight gas | The Express Tribune
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[ad_1] ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has launched efforts to explore tight gas under the new Tight Gas Policy 2024 by targeting to drill up to 80 wells in the country. OGDCL on Monday announced its first discovery of tight gas in Sindh under the new policy. The giant oil and gas…
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China minister launches Europe trip | The Express Tribune
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[ad_1] PARIS/ BEIJING: China’s commerce minister began a trip to Europe by telling his nation’s top carmakers that US and European assertions of Chinese excess EV capacity were baseless and that innovation and “perfect” supply chains were behind their performance. Wang Wentao held a roundtable meeting in Paris on Sunday with representatives of 10 Chinese…
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Saudi Arabia reiterates commitment to expedite $5bn investment in Pakistan
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[ad_1] Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud holding talks with Prime Minister of Pakistan Muhammad Shehbaz Sharif. — SPA The Kingdom of Saudi Arabia (KSA) reaffirmed its commitment to accelerate the initial phase of its $5 billion investment in Pakistan, as stated in a joint announcement released by the Office of the…
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PSX soars to all-time high as it crosses 69,000 mark
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[ad_1] A trader is busy on call as resumes business at the Pakistan Stock Exchange (PSX) building in Karachi. — PPI/Files KARACHI: Bulls gripped the Pakistan Stock Exchange (PSX) on Monday as the benchmark index achieved a new milestone by crossing the 69,000 mark. The KSE-100 index gained 1,203.20 points or 1.76% to close at 69,619.98 points,…
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PSX surges to all-time high, crosses 69,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high of 69,711 points on Monday, surging by 1.9% to continue its record-breaking spree on the second working day. The market has maintained its momentum over economic optimism in the wake of Prime Minister Shehbaz Sharif’s maiden visit to Saudi Arabia and Finance Minister Muhammad Aurangzeb’s preparations…
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Iran-Pakistan pipeline: a much-needed lifeline | The Express Tribune
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[ad_1] KARACHI: Calling the energy crisis in Pakistan the mother of all crises is not an exaggeration by any stretch. I have iterated the deteriorating effect of the crisis on all factions of society in previous articles as ignoring this elephant in the room is not something we, as a nation, can afford anymore. At…
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Adopting technology to tackle crimes | The Express Tribune
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[ad_1] KARACHI: The implementation of the five-phase fully fledged Karachi Safe City (KSC) project worth Rs36 billion could tackle 90% of crimes in the port city as the adoption of technology is unavoidable for eliminating street crimes while making the city safe for businesses and investments, according to top officials and business leaders. The KSC…
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Mark Zuckerberg is now richer than Elon Musk
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[ad_1] Elon Musk beaten by Mark Zuckerberg on wealth scale. — AFP/File For the first time since 2020, the bitter rival billionaires have shared the third-richest person in the world title, with Mark Zuckerberg surpassing Elon Musk on Friday. As early as March, Musk was rated first on the Bloomberg Billionaires Index, according to Fortune.…
