Business News
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‘Chip shortage to persist’ | The Express Tribune
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[ad_1] WASHINGTON: A survey of semiconductor chips producers and users shows that the shortage will persist, sparked primarily by wafer production capacity, the US Commerce Department said on Tuesday. The department said it will “engage industry on node-specific problem solving in the coming weeks. We will also look into claims about unusually high prices in…
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The Kingdom of Muslim Rulers Series by Dr. Iftekhar Ahmed Shams
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[ad_1] The Kingdom of Muslim Rulers Series are very useful knowledgeable books that will help the readers to know more about the great Muslim rulers. LONDON, UNITED KINGDOM, January 25, 2022 /EINPresswire.com/ — The Kingdom of the Muslim Rulers (Book series) are very useful knowledgeable books that will help the readers to know more about…
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Fed tightening may delay Asia’s recovery | The Express Tribune
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[ad_1] TOKYO: Expected interest rate hikes by the US Federal Reserve may delay emerging Asia’s economic recovery and keep pressure on policymakers to guard against the risk of capital outflows, a senior International Monetary Fund (IMF) official said on Tuesday. Rising inflationary pressure, China’s economic slowdown and the spread of coronavirus cases from the Omicron…
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Breaking News January 25 | LIVE Updates
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[ad_1] Jan 25, 2022 8:58 PM (IST) Posted by Hritika Mitra Padma Bhushan for Nadella, Pichai top recognition of India’s tech talent In a big honour for the top India-origin tech prowess that has virtually taken over the Silicon Valley in the US, the Indian government on Tuesday awarded Padma Bhushan to Microsoft Chairman and…
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SECP begins probe into Hascol scam
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[ad_1] KARACHI: Hascol Petroleum Ltd (HPL) said on Monday it’s been “fully cooperating” with the Federal Investigation Agency (FIA), which is looking into its past activities. “Much of the information being assessed by the FIA is based on facts, which the company has already chosen to disclose to the Pakistan Stock Exchange (PSX),” according to…
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FIA inquiry shows how billions were siphoned off
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[ad_1] A currency dealer holding Pakistani currency. -PPI The FIA’s Commercial Banking Circle (CBC) has registered a case against 30 people, including former and current officers of the NBP and Hascol, on the basis of evidence found in an inquiry into bank default, financial fraud and money laundering of more than Rs54 billion by the…
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Stocks lose 94 points in range-bound market
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[ad_1] KARACHI: Another session of range-bound activity took place on the stock exchange on Monday as investors waited keenly for the interest rate decision by the central bank’s monetary policy committee. Activity on the main board remained gloomy on the first day of the roll-over week. Third-tier stocks witnessed hefty volumes while value buying took…
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Pakistan launches $1bn Ijara Sukuk in global market
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[ad_1] ISLAMABAD: Pakistan on Monday launched the $1 billion Islamic bond — Ijara Sukuk — in the global capital market at 7.95 per cent return payable on a semi-annual basis with a maturity of seven years i.e. January 31, 2029. Listed at the London Stock Exchange, the latest Sukuk bond turned out to be the…
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Investigators appointed for HPL
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[ad_1] KARACHI: Securities & Exchange Commission of Pakistan (SECP) has appointed M/s Parker Russel AJS – Chartered Accountants as investigators for carrying out serious investigation in Hascol Petroleum Limited (HPL), a statement said. The investigators will also carry out forensic audit of the company in terms of section 258(1) of Companies Act 2017, HPL informed…
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Stocks slip on political, virus risks
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[ad_1] Stocks fell on Monday ahead of monetary policy announcement, which was mostly expected to be dovish; however, ongoing political turbulence amid virus’s fifth wave spurred late profit-taking, traders said. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Shares Index lost 94.37 points or 0.21 percent to close at 44,923.91 points after testing a day high of…
