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Samsung profit growth slows as Galaxy S9 misses sales targets

SEOUL: Samsung posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market. The Apple components supplier and smartphone rival said operating profit from the mobile business recorded its steepest rate of decline since the first quarter of 2017, as cheaper Chinese-made handsets put pressure on margins. The South Korean tech giant gave investors little reason to hope for a quick…

Rooney misses United trip to St Etienne: reports

LONDON: Wayne Rooney has not travelled with the Manchester United squad for Wednesday's UEFA league game against French side St Etienne despite training earlier on Tuesday, British media reported. The striker has been struggling with a muscle injury and last played at the start of February. Rooney was pictured at the club's Carrington training complex on Tuesday morning before the 20-man party left for central France. Read More: Man United’s Rooney benched for Leicester game British media has linked the…

Economic survey 2013-14: Growth rate recorded at 4.1%

ISLAMABAD: The government is set to release economic survey report 2013-14, whose copy has been received to ARY News. According to the survey, the GDP growth remained at 4.1% in the ongoing fiscal year against the target of 4.4%. Inflation rate was pitched at 8 %, but in view of depreciation of Pakistani rupee, the inflation rate touched 9%. The development in agriculture sector also remained below the estimated target. It was recorded at mere 2.12 %. Cotton production rate declined to 1.33 % instead of its expansion. The…

Govt misses tax collection target this year

ISLAMABAD: The government failed to meet tax collection target in the ongoing fiscal year 2013-14, ARY News reported Monday. Tax collection target for 2013-14 was Rs 2.27 trillion, however the Federal Board of Revenue could collect Rs 1.745 trillion in 10 months. This year’s tax collection was 15% more as compare to last fiscal year. Yet, the tax-to-GDP ratio was decreased in the current year. The government has pitched the tax collection target of Rs 2.8 trillion in the next fiscal year, with registration of new tax…