Business
September 11, 2024
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Visa eyes 10-fold rise in Pakistani acceptance

KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining […]

Business
September 11, 2024
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PSX tumbles by 634 points on investor caution

KARACHI: The Pakistan Stock Exchange (PSX) experienced a sharp decline on Wednesday, with the KSE-100 index plummeting by 634.94 points amid growing political uncertainty and cautious investor activity ahead of the State Bank of Pakistan’s (SBP) upcoming policy announcement. The trading day started on a positive note, with the KSE-100 index hitting an intraday high […]

Business
September 11, 2024
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Govt withdraws Rs250 million infrastructure grant

ISLAMABAD: The federal government on Wednesday withdrew its decision to give a quarter of a billion rupees to a private foundation for an infrastructure project, which it had earlier allocated in a non-transparent manner while using the inflation-bitten taxpayers’ money. The government had allocated funds for The Noorani Foundation (TNF) without setting any criteria and […]

Business
September 11, 2024
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Power struggles in climate ministry

ISLAMABAD: The Ministry of Climate Change has become the centre of internal conflict over efforts to reinstate a senior official, Mujtaba Hussain, who was previously removed over corruption allegations. The power struggle within the ministry is reportedly driven by top political figures pushing for his return, despite ongoing investigations. Sources told The Express Tribune that […]

Business
September 11, 2024
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Visa targets ten-fold increase in digital payment acceptance across Pakistan

KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining remittances […]

Business
September 11, 2024
3 views 2 mins 0

US inflation holds steady: CPI rises 0.2% in August 2024

The US Bureau of Labor Statistics has reported that the Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.2% in August 2024, matching the increase seen in July. Over the past 12 months, the index grew by 2.5% before seasonal adjustment. The primary driver of the increase was a 0.5% rise in the shelter […]

Business
September 11, 2024
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Nestlé waters agrees to pay $2.2 million to resolve criminal allegations in France

Nestlé Waters has agreed to pay a $2.2 million fine to resolve criminal allegations in France related to its production of natural mineral water. The settlement, approved on Tuesday by a judge in Epinal, eastern France, brings an end to two separate investigations focused on illegal drilling practices and consumer deception regarding the company’s water […]

Business
September 11, 2024
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Alibaba Cloud disrupted after fire at Digital Realty datacenter in Singapore

Listen to article A significant portion of Alibaba Cloud services experienced disruptions following a fire at a Digital Realty datacenter in Singapore. The blaze, which occurred early Tuesday morning on September 10, 2024, is believed to have been triggered by a lithium-ion battery explosion in the facility’s battery room. Local reports confirmed that Singapore’s Civil Defence Force […]

Business
September 09, 2024
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Free computer centre set up for Keamari women

KARACHI: Federal Minister for Maritime Affairs, Qaiser Ahmed Shaikh, has launched a free computer training centre for women in Keamari and surrounding areas, hosted at the Karachi Port Trust (KPT) Industrial Home. This initiative is part of a broader effort to empower women and provide them with vocational training, enabling them to thrive in today’s […]

Business
September 09, 2024
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'Pakistan faces $30b loss after floods'

ISLAMABAD: Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal, chaired the fourth meeting of the Policy and Strategy Committee (PSC) and the Oversight Board on Post-Flood Reconstruction Activities. The meeting, held in Islamabad, reviewed the progress of ongoing projects under the Resilient, Rehabilitation, and Reconstruction Framework (4RF) and discussed the status of international […]