(Reuters) – Airwallex, an Australian fintech startup, said on Tuesday that it has acquired Chinese company Guangzhou Shang Wu Tong Network Technologies in order to get an online payment business licence in China. The Tencent-backed company also announced that it has become a third-party payment provider in China, giving itContinue Reading
KARACHI (Reuters) – According to the lender’s resident representative, Pakistan would be asked to provide evidence that its balance of payments deficit is adequately covered for the remainder of an IMF programme. The external financing is one of the last steps the lender wants Islamabad to take before clearing cashContinue Reading
ISLAMABAD: According to a report released on Friday by the Pakistan Bureau of Statistics (PBS), textile exports totaled $10,039.743 million for the first seven months of the current fiscal year (2022-23) As compared to the exports of $10,933.059 million during the same time previous year, the textile exports during theContinue Reading
The Chinese billionaire chairman of investment bank China Renaissance has gone missing, according to the business, whose shares fell in Hong Kong on Friday. Bao Fan, who is also the bank’s executive director, is a significant player in the Chinese IT sector and has been instrumental in the birth ofContinue Reading
Reuters reports Most Asian currencies sank to their lowest levels in more than a month on Wednesday, as the dollar strengthened following consistently strong US inflation data fueled expectations of more Fed rate rises. While the monthly decrease in the headline consumer price index was expected, the annual rate ofContinue Reading
LAHORE (Web Desk) – The administration is going to dump another gasoline price increase bomb on an already struggling populace. Due to the exchange rate of the US dollar, the price of petroleum goods may rise by more than Rs32 a litre beginning on February 16 (tomorrow), sources informed ChannelContinue Reading
ISLAMABAD – The International Monetary Fund (IMF) negotiations with the government were finalised on Thursday after Prime Minister Shehbaz Sharif gave his approval. According to sources with knowledge of the event, the IMF team met with PM Shehbaz Sharif via video connection. Through a video hookup, PM Shehbaz spoke withContinue Reading
(Reuters) Integral Ad Science (IAS.O) and DoubleVerify Holdings Inc. (DV.N) will collaborate with Twitter Inc. to give marketers with tweet-level research on material that appears next to their adverts, the firms said on Wednesday. Technology is used by companies like IAS and DoubleVerify, which have both worked with Twitter inContinue Reading
KARACHI – Ishaq Dar, the finance minister, came under fire on Thursday from PML-N leader and financial czar Miftah Ismail, who said that his actions have only hurt Pakistan. Speaking to a private news outlet, the former finance minister said he was unaware of the circumstances behind Mr. Dar’s appointmentContinue Reading
Washington : According to American officials, Pakistan’s procurement of Russian oil is not a problem. Ned Price, the spokesperson for the State Department, was asked to comment on Russia at a routine press conference because Pakistan, which hasn’t historically been a large consumer of Russian oil, was close to signingContinue Reading
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