Tag: revenue
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PCB will receive more than twice the revenue from ICC
The annual conference, board, and committee meetings of the ICC were held in Durban, South Africa, from July 10–13, 2023. At these meetings, the ICC Financial and Distribution Model 2024–27, Amendments to the ICC Sanctioning Regulations, and Modifications to the Over Rate Sanctions in Test Cricket, among other topics, were discussed. Pakistan was represented at…
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FBR faces Rs75 billion shortfall in annual tax collection target
The Federal Board of Revenue (FBR) is currently confronted with a shortfall of Rs75 billion in attaining the revised annual tax collection target of Rs7,200 billion for the fiscal year.
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Google plans to generate more revenue with online games on YouTube
Google is exploring the possibility of earning revenue through online games on YouTube.
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Finance Minister Dar assures no global sanctions for Russian oil purchase
Pakistan’s Finance Minister, Senator Ishaq Dar, has provided reassurances that Pakistan will not be subjected to global sanctions for its purchase of Russian oil. Dar made these remarks during a briefing to the Senate’s Standing Committee on Finance, highlighting that both India and China continue to purchase crude oil from Russia despite existing global sanctions.
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Pakistan and Russia aim to strengthen bilateral relations in trade, investment, and energy sectors
In an effort to strengthen bilateral relations between Pakistan and Russia, Chairman Senate Muhammad Sadiq Sanjrani engaged in productive talks with Chairman of the Russian Duma, Mr Volodin, during a delegation-level meeting held in Moscow on Wednesday.
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Snapchat star creates virtual girlfriend AI chatbot to ‘cure loneliness’
Caryn Marjorie, a Snapchat influencer with 1.8 million subscribers, has launched an AI-powered, voice-based chatbot called CarynAI. The chatbot, described as a “virtual girlfriend,” allows Marjorie’s followers to have private and personalised conversations with an AI version of the influencer.
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Pakistan moves forward with budget planning despite delayed IMF programme
The government is expected to present an overall budget deficit of 5.1 per cent of the GDP for the fiscal year 2023-24, as stated in the delayed Budget Strategy Paper (BSP) to be presented before the federal cabinet. A recent report by The News highlighted that the paper will be tabled amid the government’s failure…
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Toyota Indus Motor Company sees 142% increase in quarterly profit despite low demand
Indus Motor Company (IMC) announced a 37 per cent decrease in its profit-after-tax (PAT) for the third quarter of financial year 2022-23, with earnings of Rs3.216 billion compared to Rs5.118 billion in the same period last year.
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PSO reportedly planning to buy Telenor to expand its business beyond oil
Pakistan State Oil (PSO) is reportedly conducting due diligence on the Pakistani operations of a Norwegian telecommunications operator, in response to Telenor’s plans to sell its Pakistani operations valued at around $1 billion. Pending regulatory approval, PSO has expressed interest in acquiring Telenor Pakistan and Easypaisa, following the completion of bidding documentation and due diligence.…
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Amazon plans to lay off 10,000 employees due to declining sales
Amazon is reportedly getting ready to lay off thousands of office workers due to decreasing sales and worries about an impending recession. The e-commerce giant’s office personnel could lose about 10,000 of their employees, according to US media sources who requested anonymity. Cuts are anticipated to have an impact on departments like e-commerce and personal…