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According to the latest data from Canalys, vivo ranked fifth in global smartphone shipments with a market share of 10 percent in the second quarter of 2021, up 27 percent year on year. Quarterly numbers from Canalys indicated that vivo maintained strong growth momentum to remain among the top five in global smartphone shipments in the past year. Leveraging a local mindset, understanding of local culture and management, vivo strives for impressive performance as the company continues to expand across the globe. As of now, vivo has branched out its sales network across more than 50 countries and regions and…

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Capital Development Authority (CDA), the office responsible for development projects in the capital, is considering revamping the travel facilities through a bus project. A high-level meeting of the board members of CDA took place on Tuesday, where it was decided to send the summary of the project to the federal cabinet. Sources report that the project titled “Islamabad Bus Service” now awaits approval from the federal cabinet. The project will start with 30 buses and will soon be increased. Talking about the routes, the source revealed that the service will start from Swan Interchange to Faisal Masjid, another from Bhara…

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The number of coronavirus cases in Sindh is continuously increasing and it is being speculated that the new academic session 2021-22 will not start with physical classes. According to the details, the new academic session was expected to start in face-to-face mode from 2 August, however, the coronavirus situation in the province is quite alarming. ALSO READ IMF Revises Pakistan’s GDP Growth to 3.9% From 1.5% for 2021 There are doubts regarding the start of the new academic session in online mode as well and no final decision has been taken yet. Due to several issues, the educational institutions themselves…

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Honda Atlas Cars Limited (HACL) announced today that the 6th generation Honda City will finally be debuted in Pakistan tomorrow (29 July). The announcement was made by the Chief Financial Officer of the company in a corporate briefing earlier today. He added that a comprehensive list of features and prices of different models will also be revealed tomorrow. The conference included several other details, including the company’s performance in terms of yearly vehicle sales and financial progress during the previous fiscal year. ALSO READ Car Loans Continue to Break Records in Pakistan During the session, HACL highlighted that it is…

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The Coronavirus situation in Karachi has deteriorated to a point that a number of public and private hospitals in the provincial capital have stopped admitting COVID-19 patients due to the unavailability of beds. Speaking to the media, President Pakistan Islamic Medical Association (PIMA) Karachi, Prof. Dr. Abdullah Muttaqi, said that COVID-19 wards in hospitals of Karachi have been overwhelmed with patients. ALSO READ Cloudburst Causes Flash Flood in Islamabad He added that the Delta variant of the Coronavirus, which first emerged from India, now accounts for 100% of COVID-19 cases in Karachi, urging the public to follow SOPs and get…

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The International Monetary Fund (IMF) has revised upward the GDP growth projection for Pakistan to 3.9 percent for 2021 from its earlier projection of 1.5 percent. However, it maintained the GDP growth for 2022 at 4 percent. ALSO READ IFC’s Investment in Engro Polymer & Chemicals Ltd to Expand Operations and Promote Energy Efficiency The IMF’s latest report ‘World Economic Outlook, Fault Lines Widen in the Global Recovery’ that was released on Tuesday stated that projections are revised up for the Middle East and Central Asia due to robust activity in some countries (such as Morocco and Pakistan), partially offset…

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A cloudburst caused a flood-like situation in Islamabad, said Islamabad Deputy Commissioner Muhammed Hamza Shafqaat on Wednesday. In an early-morning tweet, the DC Islamabad said, “Cloudburst in Islamabad has caused flooding in various areas. Teams are clearing nullahs/roads. Hopefully we will be able to clear everything in an hour”. ALSO READ Cabinet Approves National Cyber Security Policy 2021 Cloudburst in Islamabad has caused flooding in various areas. Teams are clearing nullahs/roads. Hopefully we will be able to clear everything in an hour. Everyone is requested to plz cooperate and restricted unnecessary movement for next 2 hours. — Office of Deputy Commissioner…

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Hasan Ali has always been handy with the bat lower down the order but has shown significant improvement since his return to international cricket. His use of the long handle to hit big hits was never in question. However, with his improved performances at crucial stages, Hasan is quickly gaining ground to become Pakistan’s fast bowling all-rounder, a slot that has never really been filled after the departure of Abdul Razzaq. Though Pakistan has tried multiple players, including Bilawal Bhatti, Anwar Ali, Sohail Tanvir, and now Faheem Ashraf, none of them has performed consistently to fill the gap. ALSO READ…

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Mobilink Microfinance Bank Limited (MMBL) posted a 98 percent growth in total revenue, with the Profit before Tax (PBT) growing by 14,601 percent compared to the first half of 2021. The bank successfully continued its growth momentum from the corresponding year across all verticals while acknowledging uncertainties related to COVID-19 on customer portfolio, behavior, and recovery trends. ALSO READ U Microfinance Bank, Kashf Foundation Partner to Digitize Loan Repayments and Disbursements Contrary to the industry average of Rs. 50,000, MMBL’s average loan ticket stood at Rs. 168,000 during the first half of the year and continues to grow further. The…

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Pakistan Mobile Phone Manufacturers Association has approached Finance Minister Shaukat Tarin for the immediate removal of a major tax anomaly on the sale of locally manufactured mobile phones to retailers. The association has also requested the Federal Board of Revenue (FBR) to exclude locally manufactured mobile phones from the category of “Electronics” to avoid the applicability of 0.5 percent tax at the retail stage. Under section 236H of the Income Tax Ordinance, a tax of 0.5 percent is applicable on the sale of “electronics” to retailers. ALSO READ Cabinet Approves National Cyber Security Policy 2021 According to a communication of…

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