Business News
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Great Debate: Experts urge effective taxation to overcome economic challenges
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[ad_1] Economists and top entrepreneurs attend ‘Great Debate’ live on Geo News. — screengrab/GeoNews/YouTube KARACHI: As Pakistan faces a difficult economic situation with its people suffering from sky-high inflation and economic indicators such as depleting forex reserves and stagnant exports painting a bleak picture, the financial experts and top businessmen of the country have urged…
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EV dealers call for incentives | The Express Tribune
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[ad_1] KARACHI: Out of a total of 34 brands of Electric Vehicle (EV) two and three-wheelers, almost 20 have introduced newer models, catering to all age groups. Sales volumes have improved following a lacklustre period during Ramazan. The Engineering Development Board (EDB) has granted licenses to 34 EV bike companies, including those manufacturing electric rickshaws.…
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Ethiopian envoy urges Pakistani banks to expand into Addis Ababa | The Express Tribune
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[ad_1] FAISALABAD: Ambassador of the Federal Democratic Republic of Ethiopia, Jemal Beker Abdula, has urged Pakistani banks to open branches in Addis Ababa for business transactions. Addressing the business community at the Faisalabad Chamber of Commerce & Industry (FCCI), he emphasised that the Ethiopian government would facilitate businesses, enhancing bilateral trade. Establishing a banking channel…
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Solar energy: Govt denies fixed tax reports, hints at revising rates
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[ad_1] Several solar panels can be seen in this picture. — AFP/File Refuting a report claiming the government plans to impose fixed tax on solar power, the Power Division on Saturday said there is no truth to the news. Reports were circulating on social media platforms that a summary had been moved to introduce the…
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Jeff Bezos shares secret behind Amazon success
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[ad_1] Jeff Bezos isn’t a fan of “time blocking”. — AFP/File Amazon founder Jeff Bezos has a unique way of scheduling his day as he doesn’t do meetings like a normal guy, CNBC reported. In the “Lex Fridman Podcast”, the 60-year-old has shared a secret on how he boosts creativity in office. He said, “I don’t keep to…
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Saudi Arabia’s Neom ‘The Line’ city project is not doing well
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[ad_1] The Line turns into a dot as Saudi cuts back project by 98.6%. — Super Car Blondie/File The highly anticipated Saudi Arabia’s Neom project is likely to remain a dream as managers are reportedly finding it difficult to court investors, Quartz reported. Over the last several years, Saudi Arabia has been working on its…
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PM purges FBR of corrupt officials | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Friday removed from the Federal Board of Revenue (FBR) 25 officers, who were in higher pay grades of 21 and 22, on the basis of the input from three intelligence agencies about their financial integrity and competence. Among those who have been ousted included the top tier members…
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Weekly inflation at new 7-month low | The Express Tribune
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[ad_1] KARACHI: The short-term inflation reading further decelerated by 1.10% in the week ended April 25, 2024 in the backdrop of a fall in prices of food items including tomato, onion and chicken, maintaining its downward streak for the second consecutive week. According to the Pakistan Bureau of Statistics (PBS) and local research houses, the…
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Stocks post thin decline on profit-taking | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Thursday came under slightly downward pressure, sparked by institutional profit-taking in overbought stocks amid the ongoing corporate earnings season. In the morning, trading commenced on a positive note, reflecting the previous day’s growth momentum, and the KSE-100 index touched its intra-day high of 72,593.25 points around midday. Investor…
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Rupee depreciates to 5-week low | The Express Tribune
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[ad_1] KARACHI: Pakistani currency on Thursday hit a five-week low at Rs278.48 against the US dollar in the inter-bank market, maintaining its downward trend over the past one month amid speculation about lower supply of the foreign currency and an uptick in its demand in the market. According to the State Bank of Pakistan’s (SBP)…
