Tag: News

Economy, Finance, News

In 96 Seconds Alibaba Sells Record-Breaking $1.43 Billion USD Worth of Goods

Hitting $21 billion USD in sales in a matter of hours. China’s official consumer holiday “Singles’ Day” has just hit a record-breaking high in terms of sales. Singles day (11/11), given the name due to the repeating number one — referring to being single, the day for shopping sees a wide variety of items heavily discounted from both online and offline retailers. The biggest pulls … Continue reading In 96 Seconds Alibaba Sells Record-Breaking $1.43 Billion USD Worth of Goods

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Global, News, Pakistan

Sikhs praise PM Imran Khan

As praises pour in for Prime Minister (PM) Imran Khan over the opening of the Kartarpur Corridor despite deteriorating Pakistan-India ties, a group of Sikhs has demanded Nobel Prize for the premier. According to reports, several Sikh organisations, including “Sikhs for Justice”, have decided to launch a campaign seeking the Nobel Prize for Imran in a bid to make the world recognise his peace efforts. … Continue reading Sikhs praise PM Imran Khan

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Finance, investment, News, SECP, Stocks and Analysis

SECP reforms further.

The Securities and Exchange Commission of Pakistan (SECP) has been undertaking a reform agenda to revitalize the capital market and promote expansion of investor base. It is felt that small and medium sized brokerage houses, alongside large ones, have a critical role to play in this regard.  Based on representations received from various stakeholders including small sized brokers and recommendations of the Stock Market Reforms … Continue reading SECP reforms further.

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Finance, Global, News

McDonald’s Fires CEO Steve Easterbrook Over Relationship With Employee

McDonald’s Corp. fired Chief Executive Officer Steve Easterbrook because he had a consensual relationship with an employee against company policy, losing the strategist who had pushed the world’s largest restaurant chain into delivery and online ordering. The burger company’s board voted Friday to terminate Easterbrook, 52, after investigating the relationship, according to a statement Sunday. McDonald’s policy doesn’t allow the CEO to have a relationship with … Continue reading McDonald’s Fires CEO Steve Easterbrook Over Relationship With Employee

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Finance, Global, News, Taxation

Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018

While some people have received some surprise tax bills when filing their returns, corporations continue to avoid paying tax — thanks to a cocktail of tax credits, loopholes, and exemptions. According to a report from the Institute on Taxation and Economic Policy (ITEP), Amazon (AMZN) will pay nothing in federal income taxes for the second year in a row. Thanks to the new Tax Cuts … Continue reading Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018

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Economy, Finance, News, SBP

SBP Launches National Payment Systems Strategy during Visit of World Bank’s President

Dr. Reza Baqir, Governor, State Bank of Pakistan launched the National Payment Systems Strategy (NPSS) in an event held today at its headquarters in Karachi. President of the World Bank, Mr. David Robert Malpass was the Chief Guest at the event that was attended by key stakeholders including regulators, government entities, banks, telcos, Electronic Money Institutions (EMIs), Payment System Operators (PSOs) and Payment Service Providers … Continue reading SBP Launches National Payment Systems Strategy during Visit of World Bank’s President

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Global, Human Rights, Kashmir, News

Manipur declares independence from India 🇮🇳

The dissident political leaders from the Indian state of Manipur have declared independence from India and forming a government-in-exile in Britain. Addressing a press conference in London, representatives of Manipur’s King Leishemba Sanajaoba also announced formation of Manipur State Council. The Chief Minister Yamben Biren and Minister of External Affairs and Defence Narengbam Samarjit of the Manipur State Council said we believe that now is … Continue reading Manipur declares independence from India 🇮🇳

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Economy, Finance, Pakistan

Ease of doing business in Pakistan ranks up 28 places!

Biggest leap ever in ease of doing business ranking of 28 points & that too within just a year of correct economic policies. Pakistan is on the upswing & open for business .. a true treat for any investor! Ease of Doing Business Ranking & GDP Growth, 2010 EODB: Pakistan 85, China 89, Bangladesh 119, India 133 GDP Growth: Pak 1.6%, China 10.6%, Bng, 5.6%, … Continue reading Ease of doing business in Pakistan ranks up 28 places!

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News, Power

Flat tariff at Rs11.97 to the domestic and commercial consumers- Power Division

New tariff will not only give relief to masses but help government get out of capacity payment trap. In a welcoming development, the government is all set to introduce flat tariff regime for electricity consumers having ToD (Time and Day) meters at Rs11.97 per unit for four months of winter reason. It will not only give a substantial relief to masses but also help the … Continue reading Flat tariff at Rs11.97 to the domestic and commercial consumers- Power Division

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