Express
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SIM cards of 0.5m non-filers to be blocked | The Express Tribune
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[ad_1] The Federal Board of Revenue (FBR) has decided to block the SIM cards of 0.5 million individuals involved in tax evasion, following the approval of the FBR chairman, Express News reported. Sources reveal that the FBR has identified two million tax evaders. However, mobile companies have requested not to block such a large number…
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Experts for fighting misinformation | The Express Tribune
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[ad_1] KARACHI: IT experts and social activists have presented some useful tips and pieces of advice to control misinformation, disinformation, harmful content, and concocted campaigns on social media. They suggest that the government should formulate rules and implement them strictly so that businesses on social media cannot be harmed. Social media is an emerging industry…
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Global investors pull back amid inflation concerns | The Express Tribune
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[ad_1] BENGALURU: Global investors dumped equity funds for the second consecutive week in the week ended April 10, amid persistent inflation worries and diminishing expectations for a US Federal Reserve rate cut in June. Economic data released on Wednesday showed US consumer prices increased more than expected in March, casting further doubt on whether the…
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Govt announces reduction in electricity tariffs | The Express Tribune
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[ad_1] Federal Minister for Energy, Sardar Awais Khan Leghari, on Thursday announced a significant decrease in electricity bills for the month of April, Express News reported. In a statement, Leghari revealed a reduction of Rs3.82 per unit on electricity bills for April. This move comes as a relief to households and businesses grappling with rising…
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Saudis to up their deposits in SBP by $2b | The Express Tribune
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[ad_1] ISLAMABAD: Riyadh and Islamabad have reached an agreement to surge the Saudi deposits in the State Bank of Pakistan (SBP) by $2 billion – increasing them from $3 billion to $5 billion. Saudi Arabia Holding Company CEO Mohammad AlQahtani in a social media post shared that following the visit of Prime Minister Shehbaz Sharif…
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PSX eclipses record on Saudi pledge | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Tuesday achieved another milestone as it breached the 70,000 barrier and rose to a new record high in the backdrop of favourable data of remittances that soared 16.4% year-on-year (YoY) to $2.95 billion in March 2024. Initially, trading began at the intra-day low of 69,857.14 points but the…
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HSBC takes $1b hit from Argentina sale | The Express Tribune
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[ad_1] LONDON: HSBC is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire to focus on Asia. HSBC is selling the business, which covers banking, asset management and insurance, to Argentina’s fifth largest bank Grupo Financiero…
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Sesamum seeds export to China rises 68% | The Express Tribune
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[ad_1] BEIJING: Pakistan’s sesamum seeds export to China crossed $10.10 million in the first two months of 2024, showing a growth of 68.11% year-on-year. Pakistan Embassy Investment and Trade Counsellor in Beijing Ghulam Qadir said that according to the General Administration of Customs of the People’s Republic of China (GACC), Pakistan exported 5,997.744 tons of…
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Stakeholders for road infrastructure upgrade | The Express Tribune
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[ad_1] KARACHI: Leading builders and exporters have urged that before hastily imposing the Axle Load Regime of the National Highway Safety Ordinance (NHSO) 2000 based on international rules, the government must prioritise building road infrastructure in compliance with international standards. They made these remarks during discussions with The Express Tribune, reiterating that if the government…
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Gold surges to new historic high | The Express Tribune
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[ad_1] KARACHI: The price of gold soared to a new historical high of Rs247,600 per tola (11.66 grams) in Pakistan, aligning with global trends. This surge occurred as the domestic currency remained relatively stable, hovering near a one-week low at Rs277.94 against the US dollar in the interbank market ahead of the Eid holidays. Gold…
