CNBC – Due to macroeconomic difficulties and sluggish consumer demand, global smartphone sales fell in the fourth quarter of 2022, which is typically a busy Christmas shopping season, according to market research company IDC. According to a survey released late Wednesday by IDC, electronics companies delivered 300.3 million smartphones inContinue Reading
KARACHI: The rupee suffered a severe loss versus the dollar in the interbank and open markets on Thursday as a result of the lifting of an unofficial ceiling on the dollar exchange rate. Today’s intraday transaction in the interbank market saw the rupee plummet as it lost more than Rs24,Continue Reading
ABUJA: President Muhammadu Buhari of Nigeria has celebrated the completion of a $1.5 billion deep seaport built by China in the commercial centre of Lagos, which officials believe will help the struggling economy of the West African country thrive. According to Lagos Governor Babajide Sanwo-Olu, the Lekki Deep Sea Port,Continue Reading
KARACHI – Because banks are hesitant to create LCs for imports because to a lack of foreign reserves, the country’s exchange corporations have volunteered to pay for this process on behalf of the federal government. M. Zafar Paracaha, the general secretary of the Exchange Companies Association, said in a statementContinue Reading
KARACHI – Hammad Azhar, the head of Pakistan Tehreek-e-Insaf (PTI), blasted the current administration on Sunday, claiming that raw material letters of credit (LCs) had not been issued and that 40% of the country’s businesses had shut down. Speaking at a news conference, Mr. Azhar made fun of the currentContinue Reading
ISLAMABAD : The federal government gave its approval on Tuesday to a proposal to save energy that mandates that stores close at 8:30 p.m. and wedding venues close at 10 p.m. The defence minister said that Prime Minister Shehbaz Sharif has instructed to reduce the power usage of all publicContinue Reading
(Reuters) – Toyota Motor’s (7203.T) Indian unit warned on Sunday that a data breach may have exposed certain customers’ personal information. Toyota India said that the data breach at Toyota Kirloskar Motor, a joint venture with Indian giant Kirloskar Group, has been reported to the appropriate Indian authorities (KIRL.NS). “ToyotaContinue Reading
SHAKARGARH – Ahsan Iqbal, Minister of Planning, Development, and Special Initiatives, said on Sunday that composite reforms are critical to guiding the nation out of the economic crisis. Speaking to the media in Shakargarh on Sunday, Ahsan Iqbal said that friendly nations are providing complete help to the country toContinue Reading
SINGAPORE, (Reuters) – Coal and natural gas markets were ready to close 2022 with substantial gains on Friday, as a global energy crisis precipitated by the Russia-Ukraine conflict fueled a dramatic increase in prices, while tighter supplies projected in 2023 might drive further gains. Industrial metals, iron ore, and rubberContinue Reading
KARACHI (Web Desk) – Bulls won at the Pakistan Stock Exchange (PSX) on the final trading day of the year on Friday, with equities rising 615 points. At 2:58pm, the benchmark KSE-100 index was up 614.7 points, or 1.55 percent, to 40,362.09. Analysts ascribed the increasing trend to year-end purchasingContinue Reading
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