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Business, Banking & Finance News Pakistan – Markets & Economy

August Inflation Surges to 27.26PC

August Inflation Surges to 27.26PC

Sharp Increase in Inflation in August According to data provided by the Pakistan Bureau of Statistics (PBS) on Thursday, the Consumer Price Index (CPI) indicated a sharp increase in inflation in August, rising to 27.26%

PriceOye Raises $7.9 Million in Seed Round

PriceOye Raises $7.9 Million in Seed Round

Pakistani E-Commerce Platform PriceOye.pk, a Pakistani e-commerce platform, announced on Tuesday that it had raised $7.9 million in a seed funding round headed by JAM Fund, a US-based investment firm.  It also attracted several unicorn

Apple to make iPhone 14 in India amid Chinese woes

Apple to make iPhone 14 in India amid Chinese woes

Producing the iPhone 14 in India According to Bloomberg News, Apple Inc. aims to begin producing the iPhone 14 in India as the American tech giant looks for alternatives to China after the Xi administration's

TikTok Is Tracking Your Moves On The Internet

TikTok Is Tracking Your Moves On The Internet

TikTok is the Next Platform After Facebook, Instagram, and Google, TikTok is the next platform to develop into an infamous spying app. According to a recent study by software expert Felix Krause, TikTok may track

Apple Warns Hackers Into iPhones, Macs

Apple Warns Hackers Into iPhones, Macs

Apple is Alerting Customers In order to prevent hackers from taking control of iPhones, iPads, and Mac computers, Apple is alerting customers to urgent software updates. The IT giant sent patches on Thursday and Wednesday

Rupee slumps by 62 paise in interbank

Rupee slumps by 62 paise in interbank

Rupee fell against the Dollar For the second session in a row, the rupee fell against the dollar on Thursday, losing 62 paise in the interbank market.  By 12:40 PM, the local currency had depreciated

Weekly inflation decreases slightly 

Weekly inflation decreases slightly 

Sensitive Price Index Inflation, as assessed by the Sensitive Price Index (SPI), fell by 0.08 percent in the week ended August 11 compared to the previous week, owing primarily to lower food costs.  The year-on-year

Meta: First-Ever Bond Issue Raises $10 billion 

Meta: First-Ever Bond Issue Raises $10 billion 

Parent Company of Facebook Meta Platforms Inc, the parent company of Facebook, announced on Tuesday that it has raised $10 billion in its first-ever bond offering to fund share buybacks and investments to revitalise its

Musk Says Twitter Deal Should Move Ahead if Provided Proof of Real Accounts

Musk Says Twitter Deal Should Move Ahead if Provided Proof of Real Accounts

$44 Billion Proposal to Buy the Business Elon Musk stated that if Twitter Inc could share its process for sampling 100 accounts and confirming that the accounts are genuine, his $44 billion proposal to buy

PKR Gains Rs2.15 Against US Dollar in Interbank Market

PKR Gains Rs2.15 Against US Dollar in Interbank Market

Interbank Market The rupee, which has been gaining versus the dollar for more than a week, did so on Friday as well in the interbank market.  By 10:05 am, the local currency had increased by