Many users in Pakistan are allegedly unable to access the prominent social media sites Twitter, Facebook, and Instagram on Tuesday evening. Users are unable to log in to their accounts on all three sites, according to the outage-tracking website Downdetector.com, which means they cannot publish or read anything. Downdetector monitorsRead More →
WASHINGTON (Reuters) – The U.S. Employers in the United States increased hiring while rising compensation for employees in April, pointing to continuing labour market resilience that might see the Federal Reserve hold interest rates higher for some time. Nonfarm payrolls grew by 253,000 last month, according to the Labour Department’sRead More →
(Reuters) – The International Monetary Fund (IMF) is collaborating with Pakistani authorities to complete the ninth assessment of a bailout plan, according to the mission commander. He said that money was essential for the cash-strapped nation to avoid economic disaster. Pakistan and the IMF have been debating fiscal policy measuresRead More →
KARACHI, (Reuters) – Trukkr, a fintech platform for Pakistan’s trucking sector, said on Tuesday that it had collected $6.4 million in a financing round and got an NBFC licence. Trukkr provides a transport management system and supply chain solutions to Pakistan’s small and medium-sized trucking enterprises, and is unique inRead More →
BEIJING , (Reuters) – According to a State Council proposal given to parliament on Tuesday, China would reorganise its science and technology ministry to direct more resources on significant achievements, with the objective of advancing quicker towards self-sufficiency. The restructure of the central government ministry is part of a reformRead More →
(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 itRead More →
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 cashRead More →
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 theRead More →
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 ofRead More →
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 ofRead More →
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