Business News
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SAP to restructure 8,000 jobs | The Express Tribune
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[ad_1] BERLIN/ STOCKHOLM: Shares of SAP SE jumped 7% to an all-time high after the German software firm forecast growth in cloud revenue and said it will restructure roles for 8,000 jobs to focus on growth in artificial intelligence (AI)-driven business areas. The company said it will spend 2 billion euros ($2.2 billion) on the…
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IRS appeals to ECP on FBR restructuring | The Express Tribune
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[ad_1] ISLAMABAD: The Inland Revenue Service (IRS) has approached the Election Commission of Pakistan, urging the electoral body to prevent the interim government from what it deems an “illegal and unconstitutional” restructuring of the Federal Board of Revenue (FBR). The petition was filed during the inaugural meeting of a sub-committee of the federal cabinet, which…
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Flights to Urumqi-Kashgar-Isb resume | The Express Tribune
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[ad_1] BEIJING: China Southern Airlines, a major carrier in Asia, is scheduled to recommence the Urumqi-Kashgar-Islamabad route starting January 27, featuring round-trip flights every Saturday. This revival, following nearly 15 years of suspension, reinforces connectivity between China and Pakistan, supplementing the existing two routes connecting Pakistan and Xinjiang, China. Kashgar, acting as the initial point…
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Youtuber Mr Beast announces to give away $250,000 earned via first video on X
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[ad_1] YouTube personality Jimmy Donaldson, better known as MrBeast. — AFP/file The world’s most popular Youtuber, Mr Beast, earned a whopping $250,000 from posting a single video on X, formerly Twitter, the Sun reported. Jimmy Donaldson, aka Mr Beast, posted a four-month-old video of himself as an experiment to gauge how much revenue it could…
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NayaPay, Alipay+ to boost payments into Pakistan | The Express Tribune
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[ad_1] Financial platform NayaPay has partnered with digital payments and marketing platform Alipay+, with the collaboration expected to benefit digital payments in the country. “The collaboration between NayaPay and Alipay+ is set to make a significant impact by deploying QR codes compatible with both RAAST and Alipay+ payment partners, including e-wallets and bank apps, thereby…
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Cabinet defers FBR restructuring | The Express Tribune
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[ad_1] ISLAMABAD: The federal cabinet, under the leadership of Prime Minister Anwaarul Haq Kakar, on Tuesday deferred the approval of the restructuring plan for the Federal Board of Revenue (FBR) due to questions regarding the mandate of the caretaker government and the perceived complexity of the proposed scheme. A sub-committee, headed by the finance minister,…
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Job layoffs reached record 98% compared to last year in the US: report
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[ad_1] Image of an employee walking out after receiving a resignation letter. — Pixabay In 2023, the number of layoffs in the US surged to almost 98% as compared to last year. The New York Post reported citing the research findings published earlier this month in the Challenger, Gray & Christmas report, that companies planned…
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Nawaz Sharif’s tenure ‘best’ for Pakistan’s economy: analysis
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[ad_1] Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif. — X/@pmln_org A recent analysis has revealed that Pakistan’s economy had the best performance in the past three decades under Nawaz Sharif’s premiership as compared to his opponents. According to Bloomberg Economics, Sharif’s PML-N scored better than Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) and Bilawal Bhutto Zardari’s Pakistan Peoples Party…
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Cabinet to decide FBR’s fate today | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Anwaarul Haq Kakar has convened a federal cabinet meeting on Tuesday to approve restructuring of the Federal Board of Revenue (FBR) after all stakeholders conceded significant ground for a divorce between the Inland Revenue Service (IRS) and the Customs Group. The separation of the two service groups, which are collecting taxes,…
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Industrialists denounce banking laws | The Express Tribune
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[ad_1] KARACHI: Industrialists have demanded that the government provide a level-playing field to all players of the local industry aimed at bolstering economic growth. They slammed the prevailing banking laws, mentioning the unilateral focus on interest recovery and discretionary powers that primarily benefitted banks and lending institutions. Despite entrepreneurial efforts to expand businesses, many find…
