Islamabad, July 22, 2020: TikTok’s spokesperson in reference to the Pakistan Telecommunication Authority’s (PTA) final warning has said that a safe and positive in-app environment is top priority of TikTok. Two days back, PTA has blocked Bigo and issued last warning to TikTok for vulgar content. “We deploy a combination of technologies, and moderation strategies…
Lahore, July 21, 2020: Pakistan’s Current Account (CA) declined sharply 78 percent during the last fiscal year The CA deficit settled at US$2.97 billion (1.1 percent of GDP) in FY20 compared to a deficit of US$13.43 billion (4.8 percent of GDP) in FY19, a contraction of 78 percent YoY. The marked improvement in CA deficit…
Islamabad, July 21, 2020: Output of Pakistan’s Large Scale Manufacturing Industries (LSMI) decreased by 10.3 percent during the first eleven months of the last fiscal year (FY20). Latest data released by Pakistan Bureau of Statistics (PBS) revealed that LSMI output witnessed a decrease of 25 during May’20 primarily on account of easing of the nation-wide…
Pakistan Stock Exchange on Tuesday traded in a range between -282pts and +288pts and closing the session +50pts. Amidst expectations of an impending correction, Index is circumnavigating current levels with a tilt towards index heavy weights such as HUBC and helped manage the slide, which would otherwise have dented investor sentiment. The index opened on…
Karachi, July 21, 2020: President of SITE Association of Industry Suleman Chawla, in a press statement, welcomed setting up of two new industrial zones in the Sindh provinces but at the same time, drawn attention of the Chief Minister towards the miserable condition of infrastructure in existing zones, particularly SITE industrial area, Karachi. Chawla demanded…