Business
Government has increased the price of electricity
Karachi, July 01, 2019: Government has increased the price of electricity by 75 paisa NEPRA recommended the price increase of 1.50 per unit. Electricity price to remain unchanged for the industrial sector. Commercial Users of above 5 KVA electricity price to remain unchanged. Price increase will not be applicable upto user of 300 units.
Cement exports increases 25 pc in 11 months
Islamabad, June 28, 2019: The exports of cement from the country witnessed an increase of 25.97 percent during the first eleven months of the ongoing fiscal year against the exports of the corresponding period of last year. The cement exports from the country were recorded at $260.169 million during July-May (2018-19) against the exports of…
FPCCI demands amnesty for export-oriented industry
Islamabad, June 26, 2019: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Wednesday demanded from the government to announce first-ever “Industrial Amnesty” for the establishment of export-oriented industry without seeking the source of income to bring undeclared hidden assets in the documented economy besides boosting the volume of export. The decision to seek…
Textile exports earn $12.315bln in 11 months
Islamabad, June 26, 2019: The textile exports from the country during July-May (2018-19) were recorded at $12315.315 million compared to the exports of $12326.913 million of the same period of last year, showing nominal decrease of 0.09 percent, according to the latest data of Pakistan Bureau of Statistics (PBS). The textile commodities that contributed in…
Visa Prevents Approximately $25 Billion In Fraud Using Artificial Intelligence
Dubai, United Arab Emirates, June 24, 2019: Visa Inc. (NYSE: V) today announced new analysis showing Visa Advanced Authorization (VAA) using artificial intelligence (AI) helped financial institutions prevent an estimated $25 billion in annual fraud making the global payment ecosystem safer for retailers and consumers. VAA is a comprehensive risk management tool that monitors and…