News Archives for Business & Finance - 2021-04-17

Business & Finance - 2021-04-17

Industry

JazzCash surpasses Easypaisa to lead the Mobile Money Market

JazzCash takes the lead position in the mobile money market by surpassing Easypaisa's share of mobile money users in Pakistan, according to the Financial Inclusion Insights Survey 2020 by Kantar and Karandaaz.

Updated 17 Apr, 2021 08:11pm

IT and Computers

The PlayStation 5 becomes the hottest console in the market by setting a new sales record in the United States for units sold in the first five months of its launch.

Published 17 Apr, 2021 07:27pm

Commodities

The overall grain area is likely to total 15.5 million hectares this year, including 7.6 million hectares of spring grains, the ministry has said.
Farms have sown 1.06 million hectares of barley, 177,200 hectares of peas, 124,160 hectares of wheat and 134,640 hectares of oats as of April 15.

Published 17 Apr, 2021 05:53pm

Companies

The London-based financial technology startup is lining up FT Partners, a US-based fintech-focused investment bank, as its adviser on the new funding, which is expected to take place after the summer, the report added.
The company, which raised $500 million in a funding round at a valuation of $5.5 billion in early 2020, has established a presence in more than 35 countries.

Published 17 Apr, 2021 05:43pm

Financial

The Wall Street Journal previously reported that Ma had offered in a November meeting with regulators to hand over parts of Ant to the Chinese government.
Ant denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone," an Ant spokesman said in a statement.

Published 17 Apr, 2021 05:37pm

The Ministry of Commerce has also issued a notification banning the import of conventional syringes.

Published 17 Apr, 2021 02:54pm

Mir said that the frequent change of holidays was creating ambiguity.
President Karachi Electronics Dealers Association (KEDA), Mohammad Rizwan has announced that all electronics markets will be open today.

Published 17 Apr, 2021 01:10pm

ARK on Friday bought 187,078 shares of Coinbase, which debuted on the Nasdaq earlier this week, in a purchase worth nearly $64 million at the day’s closing price of $342.

Published 17 Apr, 2021 12:09pm

From July 1, 2021, Track & Trace System would be rolled out to cover tobacco manufacturing across the country, and the AJK Government had approached the Federal Board of Revenue to extend the scope of the Track & Track System to cigarette manufacturing units located inside AJK territory.

Published 17 Apr, 2021 11:49am

Despite the third peak of Covid-19, over a 12-month period PPI faces an upward-sloping trajectory reaching an all-time high of 126.1 points in January 2021 from 125.3 points in December 2020, signaling an economic turnaround largely driven by improved business confidence.

Published 17 Apr, 2021 11:29am

Secretary Power briefed Hamamd about the efforts being made for the reformation of the Power sector with a view to providing maximum relief to the electricity consumers.

Published 17 Apr, 2021 10:55am

Asim Ahmad gave an update on the progress of the reforms agenda covering 10 Disbursement Linked Indicators (DLIs) and also shared concerns regarding the difficulties being encountered in progress on reform interventions involving data sharing with provinces and the Sindh High Court stay on the Track and Trace process.

Published 17 Apr, 2021 10:08am

LAHORE: Punjab Industry and Commerce Minister Mian Aslam Iqbal has said that special economic zones are being set up...