GM confirmed the layoffs initially reported by CNBC, “As we build GM’s future, we must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact.” CNBC said the job cuts include roughly 600 jobs at GM’s tech campus near Detroit. GM, which said about half of the […]
A total of 471,749,071 shares were traded during the day as compared to 600,719,724 shares the previous day, whereas the price of shares stood at Rs 16.915 billion against Rs 21.071 billion on the last trading day. As many as 441 companies transacted their shares in the stock market, 115 of them recorded gains and […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.60 and Rs 280.30 respectively. The price of the Euro increased by Rs 1.49 to close at Rs 307.49 against the last day’s closing of Rs 306.00, according to the State […]
The bidding process for the first few projects opens on Aug. 19 and will close next month, Chief Strategy Officer Shahab Qader Khan said in an interview. Developers will compete for multiple solar projects that will sell electricity to K-Electric, he said, adding that the portfolio will include 200 megawatts of hybrid solar-wind generation. Pakistan […]
According to the Pakistan Petroleum Information Service, the country’s oil production has decreased by 24,000 barrels per day over the past 10 years. In 2015, the daily oil production was 94,500 barrels, which dropped to 70,500 barrels in 2024. Similarly, gas production has also seen a decline of 900 million cubic feet per day over […]
During July, total exports rose by 11.3% YoY to $3.01bn compared to $2.71bn in the same month of last year. While it fell 2.2% as against the exports of $3.08bn in the previous month. Total imports rose 12.2% YoY to $5.6bn as compared to the imports worth $4.99bn recorded in July of last year. Compared […]
X claims Moraes secretly threatened one of its legal representatives in Brazil with arrest if it did not comply with legal orders to remove some content from its platform. Brazil’s Supreme Court, where Moraes has a seat, did not immediately respond to a request for comment. The X service remains available to the people of […]
Moreover, it’s seen as a haven asset, offering protection against economic uncertainties. The industrial sector’s growth further fuels silver demand, as it’s essential in electronics, solar panels, and medical equipment. Silver prices in Pakistan are influenced by global market trends, the exchange rate, government policies, and domestic supply and demand. Factors like speculation and seasonal […]
According to a state-owned news agency, the investment in this project will contribute to infrastructure development and economic improvement. In this regard, Minister for Maritime Affairs Qaiser Ahmed Sheikh will visit Denmark this month for the signing of a Memorandum of Understanding (MoU) between Maersk Shipping Company and Karachi Port Trust. Maersk keen to increase […]
China is battling soaring joblessness among young people, a heavily indebted property sector, and intensifying trade issues with the West. Chinese Premier Li Qiang, who is responsible for economic policy, on Friday, called for struggling companies to be “heard” and “their difficulties truly addressed”, according to the state news agency Xinhua. The unemployment rate among […]
