Business News
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Visa eyes 10-fold rise in Pakistani acceptance | The Express Tribune
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[ad_1] KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at…
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PSX tumbles by 634 points on investor caution | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) experienced a sharp decline on Wednesday, with the KSE-100 index plummeting by 634.94 points amid growing political uncertainty and cautious investor activity ahead of the State Bank of Pakistan’s (SBP) upcoming policy announcement. The trading day started on a positive note, with the KSE-100 index hitting an intraday…
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Govt withdraws Rs250 million infrastructure grant | The Express Tribune
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[ad_1] ISLAMABAD: The federal government on Wednesday withdrew its decision to give a quarter of a billion rupees to a private foundation for an infrastructure project, which it had earlier allocated in a non-transparent manner while using the inflation-bitten taxpayers’ money. The government had allocated funds for The Noorani Foundation (TNF) without setting any criteria…
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Visa targets ten-fold increase in digital payment acceptance across Pakistan | The Express Tribune
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[ad_1] KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining…
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Punjab govt discontinues Rs14 per unit electricity subsidy for Islamabad consumers
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[ad_1] A technician fixes new electricity meters at a residential building in Pakistan. — AFP/File A subsidy of Rs14 per unit in the electricity bills for the consumers of the federal capital announced in August for two months has been suspended by the Punjab government, the Islamabad Electricity Supply Company (IESCO) said in a statement on…
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India to introduce up to 30% tariffs on Chinese, Vietnamese steel imports | The Express Tribune
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[ad_1] India will impose tariffs of between 12% and 30% on some steel products imported from China and Vietnam in a bid to safeguard and boost local industry, an Indian finance ministry order showed. Welded stainless steel pipes and tubes exported by China, the world’s largest producer of steel, and Vietnam, will be taxed for…
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US inflation holds steady: CPI rises 0.2% in August 2024 | The Express Tribune
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[ad_1] The US Bureau of Labor Statistics has reported that the Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.2% in August 2024, matching the increase seen in July. Over the past 12 months, the index grew by 2.5% before seasonal adjustment. The primary driver of the increase was a 0.5% rise in the…
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Gold prices soar to record Rs264,000 per tola in Pakistan | The Express Tribune
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[ad_1] Listen to article Gold prices in Pakistan continued to rise on Wednesday, marking back-to-back gains in line with increasing international rates. The price of gold per tola (11.66 grams) surged by Rs2,300, reaching a record-breaking Rs264,000, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10 grams of gold also increased, rising…
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Nestlé waters agrees to pay €2 million French fine | The Express Tribune
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[ad_1] Nestlé Waters has agreed to pay a $2.2 million fine to resolve criminal allegations in France related to its production of natural mineral water. The settlement, approved on Tuesday by a judge in Epinal, eastern France, brings an end to two separate investigations focused on illegal drilling practices and consumer deception regarding the company’s…
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Alibaba Cloud disrupted after fire at Digital Realty datacenter in Singapore | The Express Tribune
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[ad_1] Listen to article A significant portion of Alibaba Cloud services experienced disruptions following a fire at a Digital Realty datacenter in Singapore. The blaze, which occurred early Tuesday morning on September 10, 2024, is believed to have been triggered by a lithium-ion battery explosion in the facility’s battery room. Local reports confirmed that Singapore’s Civil Defence…
