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News Headlines of 25 - 04 - 2017

PAKISTAN NEWS:

SHAHEEN AIR, REGULATOR TRADE CHARGES OVER FLIGHT:
Shaheen Air Inter­national has accused the Civil Aviation Authority of discriminatory and hostile attitude. SAI chief operating officer Faisal Rafique said because of the careless attitude of the CAA the airline could not operate its inaugural Multan-Muscat flight early on Monday.


TEXTILE, CLOTHING EXPORTS RAISE 6PC TO $1.064BN:
Textile and clothing exports rose 6.2 per cent year-on-year to $1.064 billion in March, mainly driven by value-added products such as garments, the Pakistan Bureau of Statistics said on Monday. The increase in export proceeds was also evident in rupee terms.

‘PAKISTANIS PREFER TO SAVE CASH AT HOME’:
As many as 50 per cent of the “emerging affluent” Pakistanis prefer to save cash at home as opposed to only 15pc Indians belonging to the same segment of society.

SBP REVISES BANKS’ EXPOSURE LIMITS:
The State Bank of Pakistan (SBP) on Monday changed banks’ exposure limits through amendments to prudential regulations, but stopped short of setting a threshold for investments in government papers.

PSO PROFIT SHOOTS HIGHER:
Pakistan State Oil (PSO) logged strong growth in earnings during the nine months through March as its after-tax profit swelled 209 per cent year-on-year to Rs14.2 billion. Earnings per share rose to Rs52.10 from Rs16.91.


LOCAL, GLOBAL SECURITY FIRMS IN RACE ALONG CHINA’S ‘SILK ROAD’:
Global security companies and their smaller Chinese rivals are jostling for business along Beijing’s modern-day “Silk Road”, the grandiose plan for land and sea routes connecting the world’s second largest economy with the rest of Asia and beyond.


WORLD BANK TO HELP DEVELOP PAKISTAN’S RENEWABLE ENERGY SECTOR:
World Bank President Dr Jim Yong Kim on Monday offered technical and financial help in technological improvements in the renewable energy sector.


AML UNITS TO CURB TAX FRAUD:
Pakistan’s top tax team has decided to establish dedicated anti-money laundering (AML) units to investigate and prosecute growing offences of tax evasion and fraud.


PRICES OF 450 ITEMS REDUCED AT GOVT STORES:
The Util­ity Stores Corporation (USC) launched the second phase of Ramazan Relief Package on Monday by reducing the prices of more than 450 items by up to 10 per cent.

 

INTERNATIONAL NEWS:

LE PEN STEPS ASIDE AS NATIONAL FRONT LEADER:
Far-right French presidential candidate Marine Le Pen has announced that she is stepping aside as leader of her National Front (FN) party. The move comes just a day after she reached the second round of the French election, where she will face centrist Emmanuel Macron.


SYRIA REFUGEE CHILDREN ‘BITTEN BY RATS’ IN CAMPS:
Syrians in Lebanon say their camps are infested with rats, attracted by bags of waste that are rarely collected.

ELTON JOHN SUFFERED ‘DEADLY BACTERIAL INFECTION’ ON TOUR:
Sir Elton John suffered a "potentially deadly" bacterial infection during a tour, forcing him to spend two nights in intensive care and cancel concerts in the US, his management says.

GENERAL MOTORS LOSSES SUPREME COURT APPEAL OVER CAR FAULTS:
General Motors has lost a legal bid aimed at protecting it from lawsuits over faulty ignition switches. The US Supreme Court, the top US court, will not hear the car maker's appeal, which argued that its 2009 bankruptcy protected it from the claims.


ACCOUNTANTS GRANT THORNTON FINED £2.3M OVER AUDIT:
Accountancy firm Grant Thornton (GT), has been fined £2.3m and severely reprimanded by the Financial Reporting Council (FRC) over failings in its audit of a company called AssetCo. The regulator said GT, and its partner Robert Napper, had admitted a "lack of professional competence and due care".


IS REAL REFORM POSSIBLE AT SOUTH KOREA’S CHAEBOLS?:
You just have to walk down the streets of Seoul to see how pervasive is the influence of South Korea's massive family-run business empires - or chaebols as they're known.

 

PAKISTAN TECHNOLOGY NEWS:

TECNO MOBILE- DECLARED PAKISTAN A NEW MARKET FOR ITS PRODUCTS:
One of the leading international brands in smart phone manufacturing technology, TECNO Mobile, has formally launched in Pakistan amid a splendid media event this evening. The press conference was witnessed by TECNO Mobile leadership alongside their new distribution partner –United Mobiles, technology reporters and bloggers etc.


INTEL COFFEE LAKE S 6 CORE DESKTOP PROCESSOR LEAKED:
First listings of Intel’s upcoming Coffee Lake 6 core and 4 core processors have been sighted. The new processors were spotted in Sisoftware database and are part of the desktop and embedded platforms.

XIAOMI RESPONDED TO WHY IT REMOVED THE HEADPHONE JACK FROM MI6:
The announcement of Xiaomi Mi6 comes with a huge list of improvements but it didn’t feature the near bezel-less display that you would see in Galaxy S8 and G6 it is extremely competitive pricing for Snapdragon 835 running flagship is pretty impressive.


UFONE LAUNCHES NEW WEEKLY SUPER MINUTES OFFER:
Ufone today announced the launch of its new weekly Super Minutes package that will allow its users to make calls to all networks. For Rs. 100, Ufone customers will get to make 75 minutes of voice calls to any network. This charge of Rs. 100 will include all taxes and call charges and will come without any hidden charges.


MOBILINK JAZZ SMS PACKAGES- DAILY, WEEKLY AND MONTHLY:
Mobilink Jazz Mobilink Jazz proudly presents cheaper rates on Mobilink Jazz SMS Packages among all the cellular networks of Pakistan. Not only Mobilink Jazz to Mobilink Jazz but on any local network.

 

INTERNATIONAL TECHNOLOGY NEWS:

WIKIPEDIA’S JIMMY WALES CREATES NEWS SERVICE WIKITRIBUNE:
Wikipedia's co-founder Jimmy Wales is planning a news service that combines the work of professional journalists and volunteers. His goal is for Wikitribune to offer "factual and neutral" articles that help combat the problem of "fake news".


BABYLON OUTS A DOCTOR IN THE MACHINE:
Imagine a doctor you could consult at any time, describing your symptoms and then getting a speedy and accurate diagnosis - all in a smartphone app. That is what British firm Babylon is promising, and to build this perfect doctor it is using machine learning.

DRIVER-LESS CARS TRIAL SET FOR UK MOTORWAYS IN 2019:
A consortium of British companies has unveiled a plan to test driver-less cars on UK roads and motorways in 2019. The Driven group also plans to try out a fleet of autonomous vehicles between London and Oxford.


UBER ‘TRACKED IPHONES TO STOP FRAUD’:
Uber reportedly used a tactic called fingerprinting to track iPhones in order to fight fraud - despite Apple banning the practice. The New York Times reports that in 2015 Apple discovered that the ride-sharing company had broken its privacy rules by collecting iPhone serial numbers.

 

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