Abu Dhabi launches Dhs 1bn mega hub to boost tech start-ups

Abu Dhabi launches Dhs 1bn mega hub to boost tech start-ups

ABU DHABI: The Abu Dhabi government has just launched a Dh1 billion mega hub that seeks to accelerate the local economy by bringing together start-ups, innovators and global powerhouses in the technology industry. U.S. tech giant Microsoft will be a strategic partner, providing technology and cloud services to the businesses that join...

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PTI sacks SNGPL chief over inflated gas bills to nearly 3mn consumers

PTI sacks SNGPL chief over inflated gas bills to nearly 3mn consumers

ISLAMABAD: The government has sacked managing director of the Sui Northern Gas Pipeline Company Limited (SNGPL) for issuing inflated gas bills to over three million consumers during winters. According to a notification, the SNGPL board on Wednesday decided to remove the incumbent MD Amir Tufail and gave the additional charge of...

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Prices of tomato and chilli hit high in local market

Prices of tomato and chilli hit high in local market

LAHORE: Prices of tomato and chilli have gone up manifold in the city in the last couple of months. Tomatoes were available on an average rate of Rs24 per kg in the corresponding period in the last year but the vegetable fruit is being sold from Rs100 to Rs200 per...

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Auto dealers suffer as car sales continue their downhill run

Auto dealers suffer as car sales continue their downhill run

KARACHI: Auto assemblers faced a setback as sales of locally produced vehicles fell 13% in February 2019 amid an overall slowdown in economy. Sale of locally assembled cars in the eight months of current fiscal year declined to 140,462 units from 142,383 units during the same period last year according...

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Sindh Food Authority seals ketchup factory for preparing ‘tomato’ ketchup using carrots

Sindh Food Authority seals ketchup factory for preparing ‘tomato’ ketchup using carrots

A raid conducted by media’s ‘Zimmedar Kaun‘ team along with Sindh Food Authority officials led to the sealing of a ketchup factory in Karachi’s Surjani Town area. As shown in Zimmedar Kaun’s March 3 episode, the team along with SFA officials raided a ketchup (tomato sauce) factory in Surjani Town...

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Collection of applications along with dues for Hajj 2019

Collection of applications along with dues for Hajj 2019

Ministry of Religious Affairs & Interfaith Harmony, Government of Pakistan has extended the date for collection of Hajj applications by designated banks from March 7, 2019 to March 9, 2019. Accordingly, State Bank of Pakistan has directed banks including National Bank of Pakistan, Habib Bank, United Bank, MCB Bank, Allied...

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Apple slashes price as it fights for increased sales

Apple slashes price as it fights for increased sales

SHANGHAI: Carriers and retailers have cut the price of the iPhone XS and the iPhone XS Max in China. This follows a similar reduction in the sticker price for the iPhone XR as Apple fights for sales in a hostile environment. Several electronics vendors announced discounts on iPhone devices this week, following mass discounts...

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World Bank declines funding for infrastructure, encourages socio-economic development of Pakistan

World Bank declines funding for infrastructure, encourages socio-economic development of Pakistan

ISLAMABAD: The World Bank on Tuesday declined to extend financing to infrastructure projects in Pakistan during the current fiscal year saying it would continue working on its priority areas of agriculture, health and education sectors under its existing country partnership framework. Pakistan has requested World Bank assistance of more than...

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Bike prices escalate

Bike prices escalate

KARACHI: Atlas Honda Ltd (AHL) made its third price jump in various two-wheeler models by Rs600-2,000 from Mar 1. The new price of CD70, CD Dream, Pridor 100cc, CG125 and CB150F have been fixed at Rs70,500, Rs74,500, Rs96,500, Rs116,500 and Rs191,900 versus Rs69,900, Rs73,900, Rs95,900, Rs115,900 and Rs189,900, respectively. Yamaha...

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Pakistan revises trade patterns with India

Pakistan revises trade patterns with India

KARACHI: Recent events relating to trade and investment present numerous opportunities as well as challenges for Pakistan. The opportunities were provided by friendly countries in the form of financial assistance and investments in various sectors and industries to boost domestic production. On the other hand, trade linkages with India faced a...

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