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Ahead of Eidul Fitr, the Shehbaz Sharif-led government in Pakistan has announced a significant hike in petrol prices while simultaneously lowering the cost of diesel. The decision, effective for the next 15 days starting April 1, 2024, comes as part of the fortnightly revision of petroleum product prices, as recommended by the Oil & Gas […]
In a heartfelt display of generosity, Ali Shekhani, a prominent businessman and philanthropist from Pakistan and the United States has extended a helping hand to JDC’s noble cause. Shekhani’s donation of 100 million rupees to JDC’s free lab initiative marks a significant contribution towards advancing healthcare accessibility in Pakistan. Shekhani’s Donation: A Lifeline for Healthcare! […]
Mumbai has seized the crown as Asia’s billionaire capital in a monumental shift of wealth dynamics, leaving Beijing trailing behind. With a staggering $1 trillion in collective wealth, India now boasts 271 billionaires, marking its ascent to the third position globally, outpacing even economic powerhouses like Germany. From Bollywood dreams to billionaire realities The latest […]
In a development sure to rattle wallets across Pakistan, petrol prices are poised to skyrocket once again, marking a new record high in the upcoming price revision. With sources indicating an imminent increase of Rs.9.50, the cost of petrol is set to surge to Rs.289.25 from its current rate of Rs.279.75. The surge isn’t limited […]
The Bank of Japan (BoJ) has raised its key short-term interest rate to around 0% to 0.1%, marking its first interest rate hike in 17 years. This move is in response to inflation rates exceeding the central bank’s target of 2% and the biggest wage hike in over three decades by the country’s largest corporations. […]
The State Bank of Pakistan (SBP) has unequivocally rejected recent reports suggesting the issuance of polymer (plastic) banknotes. In a firm statement released on Saturday, the central bank dismissed these claims as “baseless and without substance.” “No change under consideration” Amid speculation about the SBP’s purported plans to introduce plastic currency notes as a measure […]
In its inaugural fuel price revision since taking office, the newly elected government made significant adjustments, maintaining the price of petrol while implementing a notable reduction in diesel prices for the upcoming fortnight. The Ministry of Finance in an announcement made before midnight, confirmed the adjustment in diesel prices effective from March 16, in accordance […]
The Punjab Government has greenlit the ambitious ‘Nawaz Sharif Innovation City’ project in Lahore, aimed at transforming the city into a knowledge hub and an economic powerhouse. The project, which will receive a whooping Rs.100 billion investment is expected to create over a million job opportunities and attract investments worth Rs.400 billion through public-private partnerships […]
Pakistan has been facing a significant financial burden in the form of loans with the government requiring an urgent infusion of Rs.7,300 billion to meet its financial obligations. This was disclosed by Minister for Planning, Development and Special Initiatives Ahsan Iqbal, who emphasized the need for decisive action to manage the country’s mounting debt. Economic […]
The race for the title of the world’s richest person has been a captivating spectacle in recent weeks, characterized by a series of dramatic shifts at the summit of wealth. Just days ago, Elon Musk found himself surpassed by Jeff Bezos, only for Bezos to be dethroned by Bernard Arnault, the CEO of Moët Hennessy […]
