6 indicators in which the United States is at the level of the underdeveloped countries

6 indicators in which the United States is at the level of the underdeveloped countries

“We are becoming a third world country,” was the warning issued by Donald Trump on June 16, 2015, when he announced his candidacy for the presidency of the United States. The claim, which Trump repeated on other occasions during the almost year and a half of the election campaign, was...

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Over 40% of companies did not pay any tax in 2016

Over 40% of companies did not pay any tax in 2016

Four out of every 10 companies and business entities that filed income tax returns did not pay any tax in tax year 2016 while Pakistan’s top 50 companies contributed nearly half of the taxes collected from the corporate sector, according to the Tax Directory 2016. The high ratio of companies...

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Why are hidden messages appearing inside Zara garments in Turkey

Why are hidden messages appearing inside Zara garments in Turkey

“I made this garment that you are going to buy but they did not pay me for it!” That is the curious message that shoppers find in Zara stores in Istanbul, Turkey, on labels that accompany garments, hidden in the crease of some pants or in the pocket of a...

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Volkswagen’s welcomed in Pakistan by PM Abbasi

Volkswagen’s welcomed in Pakistan by PM Abbasi

The Prime Minister of Pakistan, Shahid Khaqan Abbasi, amidst all the political mayhem, has given the nation a good news. The German automobile giant, Volkswagen has decided to invest and undertake business ventures in Pakistan, assuring the world’s largest automaker of complete facilitation and support from Pakistani government. While meeting the Board...

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Bitcoin Baby Steps – A Guide to help you enter Bitcoin World

Bitcoin Baby Steps – A Guide to help you enter Bitcoin World

Welcome to the world of bitcoin! Lately there are enough people who ask me for bitcoin. Two years ago I was taken as a joke by most of the people I know and most of the negative comments I received came from ignorance. Today I notice that there is a more mature...

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Bitcoin blasts to new all-time high of $6,450

Bitcoin blasts to new all-time high of $6,450

Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the financial mainstream after the world’s largest derivatives exchange operator said on Tuesday it would launch bitcoin futures. CME Group said it would provide a regulated trading venue for the cryptocurrency market...

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Petrol prices increased all across Pakistan by Rs. 2.50

Petrol prices increased all across Pakistan by Rs. 2.50

ISLAMABAD: The government on Tuesday increased prices of all petroleum products by up to 11 per cent with immediate effect for the month of November. The increase was approved by Prime Minister Shahid Khaqan Abbasi who also put an end to the role of the ministry of finance in petroleum...

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Uncertainty has wiped $18.5b off Pakistan’s stock market

Uncertainty has wiped $18.5b off Pakistan’s stock market

KARACHI: Not too long ago, the government sold a 40% stake in the Pakistan Stock Exchange (PSX) to the Chinese at Rs28 per share. Since then, as of Thursday, the Chinese consortium had seen its investment shed close to 30% of the total value of $86 million. Additionally, close to $18.5...

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Pakistan International Trade Fair starts today in Karachi after 25 years

Pakistan International Trade Fair starts today in Karachi after 25 years

After a gap of 25 years, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organizing an international-level trade fair in the country in an attempt to boost exports and economic growth. The Pakistan International Trade Fair (PITF) starts today October 26 till 29. The 4 day event will...

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Pakistan Stock Exchange facing technical glitch – Trading suspended

Pakistan Stock Exchange facing technical glitch – Trading suspended

Trading at the Pakistan Stock Exchange (PSX) was suspended early on Thursday due to a technical fault, a notification on the PSX websiteinformed. Bullish trend was observed on the exchange with the benchmark KSE-100 index gaining 273 points before the market was closed because of a technical fault in the trading...

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Amidst pressure from USA and Saudia, Iran wants Pakistan to revive the gas line project

Amidst pressure from USA and Saudia, Iran wants Pakistan to revive the gas line project

ISLAMABAD: Iran has written a letter to Pakistan in a fresh bid to push ahead with the long stalled gas pipeline project following persistent pressure from Saudi Arabia and unilateral sanctions imposed by the United States. “The Iranian government has written a letter, seeking to hold talks on issues that have caused...

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Five Charts of Economic Growth that matter: Expert Advice

Five Charts of Economic Growth that matter: Expert Advice

This article was originally posted at BBC – Economics   Most economists predict the Office for National Statistics will announce on Wednesday that the UK economy expanded by about 0.3% in the third quarter of the year. Such a modest figure will do little to change our relatively lowly position...

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Nauman Dar’s retirement leads to changes in HBL

Nauman Dar’s retirement leads to changes in HBL

KARACHI:  Habib Bank Limited (HBL) will undergo major reshuffling at the top managerial level after it was announced that CEO and president, Nauman K Dar, will retire with effect from December 31, 2017. According to a notice sent to the Pakistan Stock Exchange (PSX), HBL said that its Chief Operating...

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