Tribune
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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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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…
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Punjab withdraws Rs14 power subsidy for ICT | The Express Tribune
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[ad_1] ISLAMABAD: The Punjab government has decided to immediately withdraw the Rs14 per unit electricity subsidy for the consumers of the Islamabad Capital Territory while succumbing to the pressure exerted by the International Monetary Fund. The decision would deprive the consumers of the Islamabad Capital Territory from the Rs14 per unit subsidy for the month…
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Gold prices rise globally and locally amid market shifts | The Express Tribune
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[ad_1] Gold prices have experienced a notable increase both globally and locally, reflecting significant movements in the precious metals market. On the international bullion market, the price of gold per ounce has risen by $10, reaching a new level of $2,500. This upward trend signifies a strengthening demand for gold as a safe-haven asset. In…
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PIA privatisation process to conclude by October: Khawaja Asif | The Express Tribune
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[ad_1] The Federal Minister for Aviation, Khawaja Asif, has announced that the privatisation process of Pakistan International Airlines (PIA) will be completed by the end of October. Speaking during a National Assembly session, Asif emphasised the urgent need for privatisation, citing the airline’s heavy debt burden of Rs. 800 billion. The minister responded to a…
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IMF names new country head | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund has appointed Mahir Binici as the new country head for Pakistan, while the government intensifies efforts to secure the $7 billion loan approval by the last week of September. All this is taking place amid growing suspicions about the motives of the global lender. The IMF’s action to set…
