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The latest report by CEOWORLD magazine has unearthed a staggering wage gap on a global scale, with Pakistan emerging at the bottom with the world’s lowest average salary. According to the report comparing gross average monthly wages across countries using current exchange rates, Pakistanis earn an average of $132 USD (PKR 36,736) per month. This […]
In a landmark achievement, SpaceX has secured the title of the world’s most valuable aerospace company, boasting a staggering valuation of $210 billion. This news comes after a recent report by Bloomberg revealed an upcoming tender offer for SpaceX insider shares at $112 per share. This high share price, driven by strong investor demand, propelled […]
In an unexpected turn of events, Saad Hashmani has taken social media by storm with a bold and ambitious statement. Hashmani declared, “If Ali Sheikhani Buys K-Electric, I Will Buy PIA and Start a Free Airline”. Hashmani made this daring comment on his social profile and has quickly become a hot topic of discussion. The […]
In recent news, NVIDIA’s incredible stock growth has minted many new millionaires among its employees, particularly those who joined five or more years ago. The company’s stock price has surged over 3,450% in the past five years, leading to significant wealth accumulation for some. Mid-level managers reportedly earn over $1 million annually thanks to stock […]
Companies operating within the Gwadar Free Zones can now conduct trade transactions with the rest of Pakistan in Pakistani rupees (PKR) according to the recently passed federal budget 2024-25. This shift from US dollars (USD) is expected to shield businesses from currency fluctuations. Previously, all trade between the Gwadar Free Zones considered a special economic […]
In a move with potentially far-reaching consequences, there are unconfirmed reports suggesting that Saudi Arabia has announced it will begin selling oil in multiple currencies, including the Chinese yuan, euro, and yen. Apparently, this decision would mark a significant shift in global energy trade dynamics, potentially weakening the US dollar’s dominance in the oil market. […]
The Pakistani government has unveiled a proposal in its new budget plan to restrict foreign travel for individuals who haven’t filed their income tax returns. This significant move aims to improve tax compliance within the country. Exceptions are included for essential travel needs, such as religious pilgrimages (Hajj and Umrah) and educational pursuits. The proposed […]
Byju’s, the Indian education technology giant once valued at a staggering $22 billion, has seen its valuation drop to zero, according to major investors like BlackRock and HSBC. This dramatic downfall comes after a period of rapid growth followed by mounting legal and financial troubles. Byju’s, known for its sponsorship of the Indian cricket team, […]
Gautam Adani, Chairman of the Adani Group, has overtaken Mukesh Ambani, Chairman of Reliance Industries, to become Asia’s wealthiest individual once again. This news comes according to the Bloomberg Billionaires Index as of June 2nd. Gautam Adani currently holds the 11th spot globally with a net worth of $111 billion, while Ambani follows closely behind […]
In a significant shift within the tech industry, NVIDIA has reached a historic milestone. The company’s market capitalization, a measure of its total market value, has surpassed that of Amazon and Tesla combined. As of today, NVIDIA boasts a staggering $2.75 trillion valuation. This remarkable feat is attributed to NVIDIA’s strategic focus on artificial intelligence […]
