Business News
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Mobile firms look towards AI for innovation | The Express Tribune
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[ad_1] KARACHI: The mobile phone companies of Pakistan are implementing artificial intelligence in different features of their products to gain an edge over their competitors and amass a major share in the overall smartphone market of the country. Moreover, besides cameras, the firms have begun focusing on the privacy of the mobile phone customers for…
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FBR falls short of POS target | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue has manipulated tax collection figures for the month of March in an attempt to show less revenue shortfall, bringing in question’s its performance that otherwise was largely dependent on higher imports. The FBR also could not deliver on the previous government’s single largest initiative to integrate the 500,000…
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Oil imports remain high in March | The Express Tribune
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[ad_1] KARACHI: Pakistan’s import of petroleum products spiked 68% on year-on-year basis to $1.86 billion in March, taking a toll on the country’s foreign exchange reserves as price of the commodities remained significantly high at world markets. The imports stood at $1.11 billion in the same month of the previous year, according to the data…
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Virus resurgence threatens China’s growth | The Express Tribune
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[ad_1] BEIJING: The mounting cost of China’s zero-Covid policy threatens to derail Beijing’s ambitious GDP target, analysts say, as supply chains snarl, ports face delays and Shanghai remains mired in lockdown. Growth in the world’s second-largest economy was already slowing in the latter half of last year with a property market slump and regulatory crackdowns,…
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Trucking firms end strike in Argentine | The Express Tribune
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[ad_1] BUENOS AIRES: Argentine grain transporters have called off a strike over a dispute with producers that had paralysed farming exports, the national haulage federation said on Friday. Thousands of trucks that carry grain and its derivatives had been parked up on the side of the road for four days with shipment companies unhappy at…
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Crisis-hit Sri Lanka halts share trading as protests spiral | The Express Tribune
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[ad_1] COLOMBO: Sri Lanka on Saturday announced a five-day share trading halt after the crisis-hit country hiked interest rates and declared a default on its external debt during the traditional New Year holiday, as trade unions and top cricket stars joined protests demanding the president’s resignation. The move came ahead of Colombo’s planned talks with…
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Stock market stages record surge | The Express Tribune
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[ad_1] KARACHI: Bulls charged at the Pakistan Stock Exchange in the outgoing week and propelled it upward by the largest margin in the past two years as market players widely cheered an end to the prolonged political drama with the vote of no-confidence finally taking place in the parliament on last weekend. Moreover, continuous appreciation…
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Petrol price in Pakistan: Govt decides against raising rates, say sources
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[ad_1] — AFP/File ISLAMABAD: Prime Minister Shehbaz Sharif has rejected the proposal to hike the price of petroleum products, sources told Geo News Friday, newly-elected premier seeks to provide relief to the masses. The official announcement will be made shortly. The current government’s decision to keep the prices unchanged will force it to give another…
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SPI decreases 0.68% | The Express Tribune
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[ad_1] The Sensitive Price Indicator (SPI) for the week ended April 14, 2022 registered a decrease of 0.68% for the combined income group, going down from 174.45 points during the week ended April 7, 2022 to 173.27 points in the week under review. The SPI for the combined income group rose 16.44% compared to the…
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Big industries output rise 8.6% | The Express Tribune
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[ad_1] ISLAMABAD: The growth momentum in big industries remained robust in February 2022 – the second last month of Pakistan Tehreek-e-Insaf (PTI) government – as industries recorded 8.6% growth despite headwinds that could slow the pace in the remaining period of current fiscal year. Large-scale manufacturing (LSM) industries recorded 8.6% growth in February over the…
