Category: business

In Asia, the rupee has become the weakest performer.

In Asia, the rupee has become the weakest performer.

Due to a surge in demand for the greenback to pay for imports, the Pakistani rupee has become Asia’s worst-performing currency, compared to its standing as the world’s top performer six months ago. It hit…

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A record 225 million euro Irish privacy fine has been imposed on WhatsApp.

A record 225 million euro Irish privacy fine has been imposed on WhatsApp.

Following pressure from the European Union’s privacy authority, Ireland penalised Facebook’s WhatsApp a record 225 million euro ($266 million) for privacy violations on Thursday. WhatsApp has stated that the fine is “very unreasonable” and that…

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Bank finance was made available for projects that were still under construction.

The State Bank of Pakistan (SBP) has made it possible for buyers to obtain bank financing for under-construction housing units, in keeping with the government’s strategy of encouraging growth in the building and housing sectors.…

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The rise in cement and steel prices is causing concern in the building industry.

Construction industry stakeholders have urged the government to take tough action against rising steel and cement prices, claiming that the trend will stifle the sector’s expansion. Chairman of the Association of Builders and Developers of…

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PSX is boosted by foreign investments and local schemes.

PSX is boosted by foreign investments and local schemes.

The Pakistan Stock Exchange (PSX) displayed a positive graph chart in today’s trading, and it wouldn’t be unfair to state that it is doing well overall, thanks to international investments and local programs for Pakistanis…

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The government takes significant steps to comply with FATF requirements.

The government takes significant steps to comply with FATF requirements.

The federal government has taken a significant step toward completing one of the last conditions of the Financial Action Task Force (FATF) Action Plan, which calls for the country’s name to be removed from the…

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The government is working on a comprehensive plan to achieve inclusive and long-term growth.

The government is working on a comprehensive plan to achieve inclusive and long-term growth.

According to Federal Finance Minister Shaukat Tarin, the Pakistan Tehreek Insaf government has produced a comprehensive strategy to promote equitable and sustainable growth based on the recommendations of the high-level Economic Advisory Board. The Finance…

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The project to build a gas pipeline between Pakistan and Russia has made significant progress.

The project to build a gas pipeline between Pakistan and Russia has made significant progress.

At the end of the first technical session, Pakistan and Russia achieved great progress on the Pakistan Stream Gas Pipeline Project. The technical session was held in Islamabad from the 24th to the 26th of…

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SBP Reserves Fall by $47 Million to $17.58 Billion

SBP Reserves Fall by $47 Million to $17.58 Billion

According to data provided by the SBP on Thursday, the State Bank of Pakistan’s foreign exchange reserves fell by 0.3 percent ($47 million) for the week ending August 20. This drop is attributed to debt…

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Afghan refugees can stay for free on Airbnb for a limited time.

Afghan refugees can stay for free on Airbnb for a limited time.

In view of the growing humanitarian catastrophe, Airbnb, an online lodging marketplace, has announced that it will provide temporary homes for 20,000 Afghan refugees. Airbnb.org Refugee Fund and Brian Chesky, Airbnb CEO and Co-founder, would…

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