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According to a projection by investment bank and financial services company Goldman Sachs, the world’s economic landscape is set to undergo significant changes by the year 2075. In this futuristic estimation, China emerges as the top economy, boasting a staggering GDP of $57 trillion. Not far behind is India, predicted to secure the second spot […]
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, […]
Peshawar, the capital city of Khyber Pakhtunkhwa (KP) has emerged as Asia’s largest market for the honey business, marking a significant milestone for the region. Known for its rich biodiversity and diverse flora, Peshawar has become a hub for the production and trade of high-quality honey. Factors that make Peshawar the best The growth of […]
In a significant development, the federal government has announced a reduction in petrol and diesel prices effective from today, May 16, 2023. An efficient reduction The price of petrol has been slashed by Rs.12 per litre, bringing it down to Rs.270 from Rs.282 per litre for the next two weeks. Likewise, the cost of high-speed […]
The BRICS group, which is composed of Brazil, Russia, India, China, and South Africa, is reportedly collaborating on the creation of a new form of currency. According to recent reports, there is a possibility that the member countries may transition to using their own national currencies, and eventually introduce a novel form of currency, possibly […]
The Standing Committee of the Punjab Cabinet on Law and Order (SCCLO) has approved a huge budget of approximately Rs. 88 million for the refurbishment of a helipad in Lahore, which is often used by Prime Minister Shehbaz Sharif. When was the decision made? The decision was made during a recent meeting of the caretaker […]
As per recent news, tragedy struck at Nauras Chowrangi, SITE area in Karachi as at least 11 people were killed in a stampede during a ration distribution. The victims included 9 women who had come to collect food supplies for their families. The incident occurred as a large crowd had gathered to receive ration packages, […]
According to Malik Bostan, President of the Exchange Companies Association of Pakistan (ECAP), his organization has proposed providing the Pakistani government with $1 billion per month in financing for the next two years to eliminate the need for International Monetary Fund (IMF) funding. Bostan suggested that exchange companies should be authorized to borrow US dollars […]
According to recent reports, Amazon Inc. is set to let go of an additional 9,000 employees, which will mark the highest number of layoffs in the company’s history. The layoffs are expected to affect a wide range of employees, from software engineers to marketing specialists. Despite the layoffs, Amazon has stated that it will be […]
