Starbucks Names Interim CTO Amid Tech Revamp and Corporate Cuts Starbucks has appointed Ningyu Chen, formerly senior vice president of global experience technology, as interim chief technology officer, following the resignation of Lefevre, the company’s previous CTO. The announcement came via a memo from Chief Financial Officer Cathy Smith. Lefevre, a former McDonald’s executive who […]
Kuwaiti Dinar Edges Down Slightly Against Pakistani Rupee Amid Ongoing Market Dynamics Kuwait City / Islamabad – The Kuwaiti Dinar (KWD) dipped slightly to 920.75 Pakistani Rupees (PKR) on September 27, 2025, marking a small decline from 922.13 PKR on September 20. The currency has seen fluctuations over recent months, including 921.47 PKR on September […]
PM Approves Removal of New Asset Value Column from Tax Returns Islamabad – The Prime Minister has approved the removal of a new column in the IRIS income tax return that required taxpayers to declare the estimated fair market value of their moveable and immovable assets. A committee, headed by Federal Minister for Law Senator […]
SPI Shows Mixed Trends: Prices Rise for Some Essentials, Fall for Others Islamabad – The Sensitive Price Index (SPI) recorded a slight weekly dip to 330.32 points from 330.84 points last week, according to the latest data from the Pakistan Bureau of Statistics (PBS). Despite the weekly drop, the index is up 3.95% compared to […]
PM Shehbaz Sharif Applauds Economic Gains, Highlights Investor Confidence Islamabad – Prime Minister Shehbaz Sharif on Friday expressed satisfaction over the country’s economic performance, praising his team for steering Pakistan’s economy toward a positive trajectory. Speaking on the sidelines of recent developments, the prime minister said the historic gains at the Pakistan Stock Exchange (PSX) […]
IMF Urges Faster Resolution of Tax Disputes as Pakistan Pushes for Relief ISLAMABAD – Pakistan has briefed the International Monetary Fund (IMF) on why it missed recent tax collection targets, with officials highlighting flood-related losses and ongoing court cases that have stalled revenue recovery. According to Federal Board of Revenue (FBR) sources, the IMF pressed […]
U.S. Government Shutdown Threat Raises Fears for Markets and Regulators A potential U.S. government shutdown is raising alarms across Wall Street, with analysts warning it could disrupt financial markets, delay crucial economic data, and stall regulatory oversight. According to a note from Nomura, a prolonged shutdown could postpone or even cancel the release of key […]
From January to August 2025, Pakistan exported rice worth USD 44.31 million to China, compared with USD 26.30 million during the same period last year, marking a 68.5% increase. The surge highlights Pakistan’s expanding presence in China’s food market and the strengthening of agricultural cooperation between the two countries. An official from Pakistan’s Ministry of […]
Global Debt Soars by $21 Trillion, Nears $338 Trillion Mark The world’s total debt surged by more than $21 trillion in the first half of this year, climbing to a record $337.7 trillion, according to a new report by the Institute of International Finance (IIF). The sharp rise, the IIF noted, is comparable to the […]
Stellantis Leads Europe’s Car Sales Comeback Amid EV Surge Europe’s car market is showing signs of life again, with Stellantis posting its first sales growth in over a year, boosted by strong demand for plug-in hybrid (PHEV) and battery-electric (BEV) vehicles. The European auto industry, still grappling with challenges like U.S. import tariffs, rising competition […]
