Business News
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Scholars urge reforms to enhance connectivity | The Express Tribune
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[ad_1] KARACHI: Scholars are urging Pakistan to address internal challenges, enhance banking facilities, and improve airline connectivity with neighbours to end isolation in the region and beyond. Simultaneously, they recommend that other South Asian nations soften visa processes to foster socio-economic developments. The technology revolution has increased connectivity at all levels, particularly among people and…
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Development spending remains low priority | The Express Tribune
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[ad_1] ISLAMABAD: The federal government spent only Rs76 billion on development projects in the first four months of this fiscal year, equivalent to one-fourth of the authorised funds by the Planning Ministry. Development expenses remained at Rs76 billion, contrasting with the Rs301 billion authorisation under the Public Sector Development Programme (PSDP) 2023-24, as stated by…
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PSX hits all-time high, crosses 58,000 barrier during intraday trade
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[ad_1] A view of the Pakistan Stock Exchange (PSX) building the main hall in Karachi. — INP/File KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday reached a new milestone as it crossed the 58,000 barrier for the first time during intraday trading. The KSE-100 index gained over 800 points to reach 58,203.85, up from yesterday’s…
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PSX hits another record, crosses 58,000 barrier | The Express Tribune
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[ad_1] The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 827.17 points, a positive change of 1.44 per cent, closing at 58,198.76 points against 57,371.59 points the previous trading day. A total of 596,217,827 shares valuing Rs22.054 billion were traded during the day as compared to 1,012,258,472 shares valuing…
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Pakistani-American businessman wins ‘Entrepreneur Of The Year National Award’
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[ad_1] Pakistani-American entrepreneur Dr Sohail Masood. — EY Dr Sohail Masood, a prominent Pakistani-American entrepreneur, has been awarded with the prestigious Entrepreneur Of The Year 2023 National Award in the United States. Dr Masood is the chief executive officer of Kabafusion, a home infusion company working for patient care and positive clinical outcomes, for his…
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UK raises minimum wage to £11.44 per hour, making it one of highest
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[ad_1] Jeremy Hunt, the Chancellor of the Exchequer since 2022. — AFP/File The UK is raising the minimum wage rate to £11.44 per hour from £10.42 per hour — the new minimum wage rate will now apply to 21 and 22-year-olds as well as older workers, as per Chancellor Jeremy Hunt. This implies that a 23-year-old full-time…
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Experts stress need for opening up CPEC | The Express Tribune
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[ad_1] KARACHI: Pakistan is required to make a paradigm shift from geopolitics to geo-economics and open up the China-Pakistan Economic Corridor (CPEC) for its neighbours to achieve economic wellbeing and strengthen its position in the region and beyond. Speaking at a two-day conference on “South Asia and Regional Connectivity in the 21st Century”, organised by…
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More than 500 OpenAI employees threaten to leave over Sam Altman ouster
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[ad_1] Sam Altman, CEO of OpenAI, speaks during The Wall Street Journal’s WSJ Tech Live conference in Laguna Beach, California, on Oct 17, 2023. — AFP Hundreds of OpenAI employees are threatening to leave and demanding that the ChatGPT board resign, a move which comes after a turbulent weekend that started with CEO Sam Altman’s…
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China, Saudi Arabia sign 50 billion yuan currency swap agreement
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[ad_1] Saudi Crown Prince Mohammed bin Salman shakes hands with Chinese leader Xi Jinping during the China-Arab Summit in the Saudi capital Riyadh on Friday. — AFP A local currency exchange agreement has been inked by the Saudi Central Bank and the People’s Bank of China (PBC) in which the amount of the trade is…
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Beijing, Riyadh sign currency swap agreement | The Express Tribune
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[ad_1] BEIJING: The People’s Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations continued to gather momentum. Saudi Arabia, the world’s top oil exporter, and China, the world’s biggest energy…
