Business Archives - Page 13 of 23

1Jul

By Muhammad Dastageer ShamsNo Comments

Business

Corona Virus is back in Pakistan

After the fifth wave of the Corona virus in February 20222. In June 2020 the COVID-19 figures have gradually reduced in Pakistan. With the exception of the metropolis of Karachi wherein the positivity, is +6%. The country has a mean positivity rate of much less than 1%. Currently, COVID-19 figures stand at 1. Fifty-Three million people in Pakistan showed symptoms of Corona virus out of which 30,379 have died.Practically all isolation, closure, and lock-down measures for commercial, social, or instructional sports have been removed. All tourists arriving in Pakistan have to own a vaccination certificate. Provision of applicable records via the Pass Track app is fairly endorsed to keep away from delays at airports. A rigorous country-wide vaccination application has been released in Pakista...

Pakistan-China Signs $2.3b Loan Facility Agreement

26Jun

By Muhammad Dastageer ShamsNo Comments

Business

Pakistan-China Signs $2.3b Loan Facility Agreement

Federal Minister for Finance and Revenue Miftah Ismail gave statements on Wednesday. He informed that Pakistan signed an RMB 15 billion ($2.3 billion) loan facility settlement with a Chinese consortium of banks, China. Posting to his Twitter handle, the finance minister introduced the improvement. He revealed that the inflows are expected within multiple days. “We thank the Chinese authorities for facilitating this transaction,” he wrote. The settlement with Chinese banks is anticipated to reinforce the USA's reserves. This will allow making import bills at the same time as lending a little help to the rupee as properly. which has misplaced over 34% at the beginning of the current economic year 2021-22.The improvement comes as a big remedy for monetary policymakers. As forex reserves ...

Netflix cuts 300 more jobs after subscriptions fall

26Jun

By Muhammad Dastageer ShamsNo Comments

Business

Netflix cuts 300 more jobs after subscriptions fall

Netflix has introduced other circular or activity cuts because it is struggling with slow growth and high competition. The streaming giant Netflix stated it changed into reducing three hundred extra jobs - kind of 4% of its workforce - commonly in US. This is another hard decision for the company as they recently fired a hundred and fifty people in May. The movements came after the business enterprise reported its first subscriber loss in April of over a decade. The corporation is exploring an ad-supported provider and cracking down on password sharing because it attempts to grow."While we preserve to make investments drastically withinside the business, we made those changes in order that our charges are developing consistent with our slower sales growth". This announcement was made ...

State Bank Issued PKR75 note On 75th Independence

25Jun

By Muhammad Dastageer ShamsNo Comments

Business

State Bank Issued PKR75 note On 75th Independence

The State Bank of Pakistan plans to issue a new notice of Rs. 75 note. This notice is about to take action to make the Platinum Jubilee celebrations of Pakistan’s Independence this year. The Nation will celebrate Pakistan’s seventy-fifth Independence Day on 14 August 2022. 75 Rupees note can be a remarkable note and could now no longer be in use completely as objected to rumors circulating around. The State Bank of Pakistan has yet not posted any declaration on whether or not it'd issue a new note of Rs. 75.Pakistan is prepare to issue a brand new 75 Rupees note as a part of celebrations to maintain the country’s Platinum Jubilee. The new note has already been made legal with the aid of the State Bank of Pakistan and could quickly be in the stream. New note is expected to feature p...

22Jun

By Muhammad Dastageer Shams1 Comment

Business

Russia Demanded PIA to Clear its Dues

Russia is known having history of political interference in several countries. In recent years, the Russian government was accuse of meddling in the 2016 US presidential elections. One way that it allegedly interfered was by demanding Pakistan International Airlines (PIA) clear its dues. PIA's loans to buy new aircraft not fully paid off and this caused the airline financial problems. When Russia demanded PIA to pay off its debts, it gave the airline little choice but to pay up. In this case, it appears that Russia was interfering for political reasons and not for any other reason.It doesn't means that Russia is always trying to interfere in other countries politics. But it does show that Russia is willing to do whatever is necessary to get what it wants. PIA given a deadline by the Russi...