Finance

A Saudi minister says the development fund may invest more than $100 million in mining infrastructure in Pakistan – Trendy Blogger

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A Saudi minister says the development fund may invest more than 0 million in mining infrastructure in Pakistan – Trendy Blogger

Saudi Mining Minister Bandar Al-Khorayef said that the mining company Manara Metals is considering investing in the Pakistani Reko Diq mine. The Saudi Development Fund (SDF) can contribute more than $100 million to mining infrastructure in Pakistan. “Part of what we are looking at is how we can also help Pakistan with some infrastructure,” Al … Read more

The Financial Intelligence Agency dismantles an Indian hawala network in Lahore and arrests seven people – Trendy Blogger

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The Financial Intelligence Agency dismantles an Indian hawala network in Lahore and arrests seven people – Trendy Blogger

Federal Investigation Agency (FIA), Corporate Crime Branch, Lahore, conducted a major operation against illegal Indian hawala activities, leading to the arrest of seven individuals involved in unauthorized currency exchange operations. According to a spokesman for the Federal Investigation Agency, a case has been registered against a nine-member gang operating in the area. The individuals identified … Read more

US consumer price inflation rose to 2.9% in December – Trendy Blogger

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US consumer price inflation rose to 2.9% in December – Trendy Blogger

Washington: US consumer price inflation rose for a third straight month in December as energy prices rose, according to government data published on Wednesday, increasing pressure on the Federal Reserve to halt interest rate cuts. The Labor Department said in a statement that the consumer price index accelerated to 2.9 percent last month compared to … Read more

Petrol prices rose by Rs 3.47 and HSD prices by Rs 2.61 per litre – Trendy Blogger

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Petrol prices rose by Rs 3.47 and HSD prices by Rs 2.61 per litre – Trendy Blogger

Islamabad: The federal government on Wednesday raised the price of petrol by Rs 3.47, taking it to Rs 256.13 per litre. According to a notification from the Finance Department, the price of high-speed diesel (HSD) has increased by Rs 2.61 to Rs 260.95 per litre. The new prices will come into effect from January 16, … Read more

The Prime Minister orders an investigation into what PIA posted on social media regarding the resumption of Paris flights – Trendy Blogger

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The Prime Minister orders an investigation into what PIA posted on social media regarding the resumption of Paris flights – Trendy Blogger

Prime Minister Shehbaz Sharif has called for a detailed investigation into a controversial social media post by Pakistan International Airlines (PIA), which faced public backlash due to its striking similarity to the September 11 terror attacks. The post, shared on PIA’s official X account (formerly Twitter), aims to celebrate the resumption of flights from Islamabad … Read more

EU digital chief promises strong enforcement of social media laws – Trendy Blogger

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EU digital chief promises strong enforcement of social media laws – Trendy Blogger

The European Commission reaffirmed on Wednesday that it is fully implementing the Digital Markets Act (DMA) and the Digital Services Act (DSA) without delay, dismissing reports of delaying investigations into major US technology companies such as Apple, Meta and Google. Hina Virkkonen, Vice-President of the Commission, said that the ongoing investigations are still at a … Read more

Every Pakistani owes Rs 302,000 because the fiscal deficit is double the prescribed limit – Trendy Blogger

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Every Pakistani owes Rs 302,000 because the fiscal deficit is double the prescribed limit – Trendy Blogger

ISLAMABAD: Pakistan’s per capita debt rose by 11.3% to nearly Rs 302,000 at the end of fiscal year 2024, as the government failed to adhere to the fiscal deficit limit set by the Fiscal Responsibility and Debt Reduction Act, 2005. The 2025 Fiscal Policy Statement, submitted to the National Assembly on Tuesday, revealed that the … Read more

Intel announces plans to make Intel Capital an independent entity – Trendy Blogger

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Intel announces plans to make Intel Capital an independent entity – Trendy Blogger

Intel announced plans to spin off its venture capital and investment unit, Intel Capital, into an independent company to improve operational efficiency. The standalone entity, expected to launch in the second half of 2025, will operate under a new name, with Intel remaining a major investor. The transition will see the existing Intel Capital team … Read more

Power tariff is expected to be cut by Rs 10 per unit as the government approves revised deals with 14 independent power projects. – Trendy Blogger

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Power tariff is expected to be cut by Rs 10 per unit as the government approves revised deals with 14 independent power projects. – Trendy Blogger

The federal cabinet, headed by Prime Minister Shehbaz Sharif, has approved revised agreements with 14 independent power producers, a move that is expected to bring down electricity prices by Rs 10-11 per unit. The renegotiated contracts are set to save 802 billion rupees by reducing profits and costs of independent power projects, while deducting an … Read more