Carmaker Company Audi has decided to cut 9,500 of its 61,000 jobs in Germany between now and 2025, a step taken to make more money available for electric vehicles and digital working. BBC news reported that the cuts aim to save €6bn (£5.1bn) – will be achieved through an early retirement programme. The car industry … Read more
UN Secretary General’s Special Advocate for Inclusive Finance for Development Queen Maxima has stressed that financial inclusion is pivotal for the development and economy of Pakistan. Addressing Pakistan Innovative Finance Forum in Islamabad on Tuesday, she said the financial inclusion will also create more opportunities for the people of Pakistan. She pointed out that according … Read more
Collective research carried out by World Bank and Alibaba Group has revealed that E-commerce can flourish in developing countries and in rural areas and be a powerful instrument to create employment for semi-skilled workers, women and other groups. The report, E-Commerce Development: Experience from China, is based on a combination of statistical data collected for China as … Read more
The exchange rate of the US dollar against rupee decreased by 02 paise in the interbank and was traded at Rs. 155.31. As per details, on the last day of the business week, the rupee strengthens against the all-time high dollar by 02 paisas and was trading at Rs. 155.31. Earlier, the World Bank Group … Read more
Business Magazine Bloomberg has reported that Pakistan Stock Exchange continued to be among the top-performing exchanges in the world after Pakistan’s stocks outshined the world’s leading stock markets during the last three months. Pakistan’s stock market surged by 30 percent (almost 10,000 points) during the last three months and thus outperformed the leading stock markets. … Read more
The internet service leader Google is set to branch into the banking sector. According to details, Google says it plans to work with existing financial services providers, including its first partners Citigroup and Stanford Federal Credit Union. “We’re exploring how we can partner with banks and credit unions in the US to offer smart checking … Read more
United States Commerce Department has issued a new 90-day extension allowing US companies to continue doing business with China’s Huawei Technologies as US regulators continue crafting rules on telecommunications firms that pose national security risks. After adding Huawei to an economic blacklist in May citing national security concerns, the US Commerce Department has allowed it to purchase some American-made … Read more
Central Development Working Party has approved eight projects worth 31.6 billion rupees and recommended five projects amounting to 195.1 billion rupees to ECNEC for consideration. Meeting of the CDWP was held in Islamabad on Monday with Deputy Chairman Planning Commission, Mohammad Jehanzeb Khan in the chair. Projects related to Devolution and Area Development, Education, Energy, … Read more
