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[ KARACHI: Pakistan’s ride-hailing market has reached only around 5% of the country’s population, compared to approximately 20% globally, leaving significant room for expansion, but the shortage of vehicles remains a key constraint that could limit growth unless banks step up financing for freelance drivers, according to Wael Ibrahim, Regional Director EMEA at inDrive. Speaking … Read more
[ NEW YORK: Anthropic is expected to begin marketing its initial public offering (IPO) in mid-October at the earliest and complete the listing days before the US midterm elections in November, people familiar with the matter said on Friday. The artificial intelligence company had been expected to make its IPO prospectus public as early as … Read more
Lautaro Martinez and Marcus Thuram were both on the mark as Inter beat Napoli. Photo: AFP ROME: A last-gasp winner from Lautaro Martinez sealed a breathless win for Inter as the Serie A champions fought back from two goals down to edge visiting Napoli 3-2, while Roma also pulled off a late turnaround to beat … Read more
Defending champions Bayern Munich were held to a scoreless draw by promoted Schalke in the Bundesliga on Saturday. Photo: AFP BERLIN: Defending champions Bayern Munich were held to a scoreless draw by promoted Schalke in the Bundesliga on Saturday. The draw ended Bayern’s run of 67 consecutive matchday atop the Bundesliga table. It was the … Read more
[ Minister says super tax abolished for exporters; faceless audits, centralised assessments to reduce harassment Lahore Chamber of Commerce and Industry. Photo: file LAHORE: The government has introduced major tax relief and structural reforms to reduce the burden on businesses, exporters, salaried persons and small traders, while transforming the Federal Board of Revenue (FBR) into … Read more
[ Energy Minister Awais Leghari speaking in a video message. SCREENGRAB ISLAMABAD: On the directives of Federal Minister for Power Division Awais Ahmad Khan Leghari, nearly 11,700 pending net metering cases have been resolved and the process of direct communication with the affected consumers has officially commenced. “This initiative aims to ensure that every eligible … Read more
[ Overall market participation was strong, as 1,066 million shares were traded with a total value of Rs. 49 billion. KEL led the volume chart, with 195.8 million shares..Photo: Express KARACHI: Pakistan Stock Exchange (PSX) extended its losing streak during the outgoing week, with the KSE-100 Index shedding 1.3% week-on-week to close at 175,329 points, … Read more
ISPR says total number of terrorists, trying to infiltrate, effectively killed by security forces, increased to 25 Security forces killed twenty-one terrorists belonging to the Indian-sponsored Fitna Al-Khawarij in multiple engagements in Khyber-Pakhtunkhwa (K-P) between September 3 and 5, the military’s media wing said on Sunday. Fitna al-Khawarij is the state-designated term for the banned Tehreek-e-Taliban Pakistan (TTP). … Read more
[ FPCCI says intra-regional trade at just 8.75%; vast resources remain underutilised due to trade barriers KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has called for revamping and effectively implementing the ECO Trade Agreement (ECOTA) to enhance intra-regional trade and transform the Economic Cooperation Organisation (ECO) region into … Read more
IRGC say missiles struck US aircraft carrier, destroyer. Photo: Anadolu Agency Iran’s Islamic Revolutionary Guard Corps (IRGC) said on early Sunday that it targeted a US aircraft carrier and a navy destroyer with ballistic missiles, claiming both were damaged and withdrew from the area. The IRGC said in a statement published by IRNA news agency … Read more