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In the last 15 days of August, there is a major possibility of yet another surge in petrol prices, ranging from Rs12 to Rs22 per litre. The looming increase is a direct consequence of the ongoing rise in global commodity prices, which has put immense pressure on the country’s economy. Direct impact of increased international […]
Finance Minister Ishaq Dar made a significant announcement on Tuesday, revealing a substantial increase in petroleum prices, which have surged by an astounding Rs19.95 per litre. Petrol at 272 – Diesel at 273 The decision was justified as being in the “national interest.” High-Speed Diesel (HSD) cost has been raised by Rs19.90, reaching Rs273.40 per […]
Mukesh Ambani, the Indian billionaire is bringing his dream city to life in Jhajjar, Haryana. The Model Economic Township (MET), a subsidiary of Reliance Ventures Limited, is set to become a special city in North India, stretching across an impressive 8,250 acres, hosting both residential and industrial townships. Ambani’s dream city The blueprint for this […]
Petroleum dealers in Pakistan recently took a stand to address their concerns over profit margins, planning a nationwide strike to demand an increase. The strike was slated to commence on Saturday (22nd July), but after a meeting with Minister of State for Petroleum, Musadik Malik, the dealers agreed to defer it for two days till […]
In a significant development for Pakistan’s digital landscape, the Federal Minister for Information Technology, Aminul Haque, announced that Google, the renowned global search engine, has officially opened its office in the country. IT Minister shares the great news During a conversation with the media in Islamabad, Minister Haque highlighted the progress being made in the […]
Chinese billionaire and co-founder of Alibaba Group, Jack Ma, recently made an unanticipated visit to Pakistan, sparking speculation as he deliberately avoided interaction with government officials and the media. When did Jack Ma arrive in Pakistan? According to media reports, Jack Ma arrived in Lahore on June 29 and spent 23 hours in the city. […]
The AD Ports Group, based in the United Arab Emirates (UAE), has recently signed a momentous 50-year concession agreement with the Karachi Port Trust (KPT) in Pakistan. A huge partnership at a crucial time The agreement grants AD Ports Group the operation of Karachi Gateway Terminal Limited (KGTL) and involves an impressive investment of $220 […]
Shell Pakistan (SHEL.PSX) has announced that its parent company, Shell Petroleum Company (SPCo), will be divesting its 77% shareholding in the company, signaling its exit from Pakistan. The decision comes after SPCo faced losses in 2022 due to various factors such as exchange rate fluctuations, the devaluation of the Pakistani rupee, and overdue receivables. Simultaneously, […]
Spotify Technology SA announced on Monday its decision to downsize the podcast division, resulting in the layoff of approximately 200 employees. This move accounts for roughly 2% of the company’s global workforce in the audio streaming giant. The decision comes as Spotify aims to optimize its operations and streamline its podcasting efforts. Spotify’s broader vision […]
In May 2023, Pakistan took a significant step to address its mounting fuel oil stock, which had accumulated due to sluggish demand in the country. 90,000 tons in one month Pakistan successfully shipped a substantial 90,000 tons of fuel oil during that month. This recent export adds to the impressive figure of 250,000 tons of […]
