Xiaomi Corp, a Chinese smartphone company, surpassed Apple Inc to become the world’s No. 2 smartphone producer in the second quarter, according to Canalys, a market research firm. According to the research organisation, Xiaomi moved into second place for the first time, with a 17 percent share of global smartphoneRead More →
KARACHI: Pakistan’s remittances from abroad grew at a nearly two-decade high pace in the previous fiscal year of 2020-21, providing significant assistance to the external sector, according to statistics released by the central bank on Tuesday. “Despite the tough global economic conditions in the previous year, these [remittances] helped strengthenRead More →
According to British media, tens of thousands of tickets for England’s Euro 2020 football final are being sold on the black market at record prices.As the Euro 202 final approaches, English and Italian supporters are racing to black markets for tickets after England won the semi-final match against Denmark onRead More →
KARACHI: The rupee dropped to a five-month low against the US dollar on Thursday, under pressure from import payments. Forex brokers, according to a storey in The News, predict the local currency to lose additional ground in the coming days. The rupee closed at 159.33 per dollar on the interbankRead More →
Prime Minister Imran Khan unveiled Pakistan’s first domestically produced electric motorbike on Thursday.The prime minister said the debut of the electric motorbike was a “futuristic stride” and that his government’s new electric vehicle (EV) policy laid out a strategy and established a future direction at a ceremony in Islamabad.The introductionRead More →
Chinese Foreign Minister and State Counselor Wang Yi vowed Wednesday that despite changes in international politics, China will remain committed to Pakistan. Yi was speaking at a conference organised by the Pakistan-China Institute (PCI) to commemorate 70 years of Pakistan-China ties titled “Pakistan-China At 70: A Unique Bilateral Partnership.” FMRead More →
The Securities and Exchange Commission of Pakistan (SECP) announced on Wednesday that three new Housing Finance Companies (HFCs) were granted licences in FY21, with the goal of revitalising the industry.The firms include Pakistan Housing Finance Company Limited, Trellis Housing Finance Company Limited, and Asaan Ghar Finance Limited, according to theRead More →
ISLAMABAD :Samsung has been in negotiations with three investors about establishing a mobile manufacturing facility in Pakistan. According to sources, one of the three parties has a franchise from Korea and has already established car assembly factories in Pakistan as part of the Auto Development Policy (ADP) 2016-21, while theRead More →
On Tuesday, Pakistan issued $1 billion in international bonds under the Sukuk programme. These Sukuk bonds have a subscription price of $3 billion for five, ten, and thirty years.The federal cabinet has approved the issuance of Eurobond and Sukuk bonds, which are expected to produce 3.5 billion dollars this fiscalRead More →
Jeff Bezos stood down from his role as CEO of Amazon on Monday, twenty-seven years after creating the firm, as he prepared to embark on a new professional path.Bezos, who is 57 years old, will now focus on his own space exploration company, philanthropy, and other endeavours. He will, however,Read More →
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