Category: Business

‘Extortion plaguing Karachi industries’ | The Express Tribune

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KARACHI: Businesspeople have expressed grave concerns and fretted about rising extortion slips and the targeted killing of traders, demanding that the government and law enforcement agencies take action against criminals spreading terror in north Karachi, Kharadar, Mithadar, Korangi, and other areas. Speaking to The Express Tribune, they highlighted that those running Small and Medium-sized Enterprises…

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Petrol price expected to decrease once again in Pakistan – SUCH TV

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In a welcome development for Pakistani citizens grappling with inflation, the government is poised to introduce further relief for petroleum consumers. There is an anticipated reduction of Rs1.72 per litre in Pakistan’s petrol price in the upcoming fortnightly pricing update. Conversely, High-Speed Diesel (HSD) in Pakistan is expected to see a modest increase of approximately…

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RBI Expands Card Tokenization To Internet And Mobile Banking: Check

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New Delhi: In a move towards enhancing digital security, the Reserve Bank of India (RBI) has expanded the scope of tokenization for debit and credit cards. Previously limited to merchant applications or websites, individuals can now tokenize their cards conveniently through the Internet and mobile banking services. The RBI has permitted the use of Card-on-File…

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Figma’s C.E.O. Laments Demise of $20 Billion Deal With Adobe

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Among the several deals that have fallen apart recently, Adobe’s $20 billion takeover of Figma, an upstart design software maker, is among the most instructive. The companies had promised it was a way to “usher in a new era of collaborative creativity,” but regulators in three jurisdictions saw it as an unacceptable effort by a…

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Infosys salary hikes announced ahead of holiday season; here’s the likely average hike – Times of India

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Infosys, the second largest IT services company in India, has brought some holiday cheer to its employees by announcing salary revisions. This move comes as a much-needed morale booster for the information technology sector, which has been grappling with sluggish demand for technology services worldwide.According to sources quoted by ET, the salary revisions, which are…

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Saudi Aramco to buy 40% stake in major Pakistani oil company | The Express Tribune

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KARACHI: Saudi Arabia’s Aramco Tuesday signed an agreement to acquire a 40% equity stake in a Pakistani gas and oil company, said a statement from the Saudi company. Aramco Executive Vice President of Products & Customers Yasser Mufti, Chief Executive Officer of Lahore-based Gas & Oil Pakistan Ltd. (GO) Khalid Riaz signed the agreement. The…

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Petroleum products prices expected to witness a major reduction on December 16 – SUCH TV

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Petrol and diesel prices in Pakistan are poised to experience a reduction in the upcoming week, with reports indicating a noteworthy decline. The anticipated decrease amounts to Rs13 per litre for petrol and an even more substantial reduction of Rs15 per litre for diesel, slated for implementation on December 16, pending approval in the fortnightly…

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RBI Keeps Repo Rate Unchanged, Home Loan EMIs Likely to Remain The Same – News18

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Last Updated: December 08, 2023, 10:08 IST RBI MPC Meeting December 2023: Reserve Bank of India (RBI) on Friday, December 8, kept repo rate unchanged, maintaining status quo on the previous policy. RBI Governor Shaktikanta Das said that the monetary policy committee has decided to keep repo rate at 6.5 per cent unanimously. With RBI…

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RBI MPC Keeps Repo Unchanged At 6.5% For Fifth Time; FY24 GDP Raised To 7%, Inflation Kept At 5.4% – News18

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The RBI’s monetary policy committee on Friday decided to keep the repo rate unchanged at 6.5 per cent, unanimously. This is the fifth time in a row that the central bank has paused the key interest rates. The RBI has raised the FY24 GDP projection to 7 per cent, from 6.5 per cent earlier. It…

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