Business News
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Jeff Bezos to sell 50mn Amazon shares
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[ad_1] Amazon founder Jeff Bezos. — NPR/File Amazon founder Jeff Bezos plans to sell up to 50 million shares of Amazon stock over the next year, according to a regulatory filing posted on Friday, CNN reported. The shares are worth nearly $8.6 billion…
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Trade deficit shrinks to $13.1b | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s trade deficit shrank to $13.1 billion during the first seven months of this fiscal year, which is $6.4 billion less than the same period of the last fiscal year. This development offsets pressure on the exchange rate…
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Malaysia buys more rice, frozen food | The Express Tribune
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[ad_1] KARACHI: Malaysian Consul General Herman Hardynata bin Ahmad has said although trade with Pakistan is largely in favour of Malaysia, Pakistan’s share is improving as Kuala Lumpur has increased purchases of rice and frozen food. “Malaysia’s exports to Pakistan…
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Pakistan’s mobile industry produces 84.4m devices defying economic woes
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[ad_1] A representational image of a mobile shop in Pakistan. — AFP/File Despite worrying economic indicators and financial woes that have gripped Pakistan, the country’s mobile industry has managed to defy the odds stacked against it by producing an impressive…
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PIA debt burden shifted to taxpayers | The Express Tribune
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[ad_1] ISLAMABAD: The government and commercial banks have agreed on a Rs268 billion debt restructuring plan for Pakistan International Airlines (PIA). This move, while shifting the burden of PIA’s inefficiency onto taxpayers, removes an irritant in its privatisation. The Ministry…
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Industrialists urge customised financing, infrastructure overhaul | The Express Tribune
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[ad_1] KARACHI: Leading industrialists have presented proposals to bolster the national economy to the upcoming government. Their recommendations include introducing a customised low-cost financing scheme, evolving an urban and consistent industrial policy, revamping crumbling road infrastructure, and implementing a one-window…
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Decision to introduce new currency notes not taken on IMF’s behest: SBP
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[ad_1] A person can be seen holding notes of Pakistani currency Notes in the hands. —AFP/File State Bank Deputy Governor Saleem Ullah Thursday said that the central bank’s decision to print new currency notes was not taken at the behest of…
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PayPal to join tech firms laying off workers amid plans to slash workforce by 9%
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[ad_1] A PayPal sign is seen at its headquarters on January 30, 2024, in San Jose, California. — AFP PayPal has recently announced that it will be cutting around 9% of its workforce, a move in line with several other…
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Petrol price increases in Pakistan
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[ad_1] A person fills their car’s tank at a fuel station in this undated file image. — AFP The caretaker government has hiked the petrol price by Rs13.55 per litre for the next fortnight, on the recommendation of Oil and…
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FBR misses monthly target by 1.3% | The Express Tribune
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[ad_1] ISLAMABAD: Sustained performance in income tax collection, coupled with a better show in previous months, has enabled the Federal Board of Revenue to achieve its seven-month target of Rs5.12 trillion. However, for the first time in this fiscal year,…
