On a significant day in Islamabad, Pakistan’s Ministry of Economic Affairs and Korea’s Economic Development Cooperation Fund (EDCF) marked a new phase in their partnership. They signed an Aide-Mémoire to establish a mid-term development strategy for 2024–2026. The Pakistan-Korea Development Cooperation 2024–26 document outlines key projects and initiatives, strengthening the economic bonds between Pakistan and […]
According to a study, the percentage of brands of illegal cigarettes is predicted to increase from 48% to 56% by June 2024. In Islamabad, Ipsos Pakistan unveiled its research paper, “Pakistan Cigarette Market Assessment 2024.” The analysis included a thorough examination of more than 1,000 retail locations in Pakistan’s four provinces, encompassing both urban and […]
The Competition Commission of Pakistan (CCP) issued notices to up to 12 companies in the cosmetics industry for indulging in “greenwashing,” or misrepresenting their products as “organic or chemical free.” The commission issued notices for the false and misleading statements made by the producers of cosmetic goods after becoming aware of their deceptive marketing, according […]
The Nizam, or hereditary rulers, of Hyderabad, India, ruled for two centuries and were well-known for their luxury, wealth, and forward-thinking development. In India’s past, their ostentatious wealth, magnificent palaces, and pricey belongings are legend. These are a few of the wealthiest Nizam dynasty (sometimes called Asaf Jahi dynasty) kings of Hyderabad. Asaf Jah Asaf […]
Brent futures were down 13 cents to $83.75 a barrel by 11:21 a.m. (1521 GMT) U.S. West Texas Intermediate crude shed 4 cents at $79.22 a barrel. Both benchmarks were roughly flat on the week. Prices were under pressure from rising U.S. oil product inventories approaching the typically robust summer driving season, said Jim Ritterbusch […]
After a few dull trading sessions, the Pakistan Stock Exchange saw a surge in buying activity on Friday, pushing its main index, the KSE-100, above 73,000 points for the first time. The trading day began positively, with the KSE-100 reaching an intra-day high of 73,449.37 points. Although some selling occurred during the day, buyers mostly […]
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 312.56 points as compared to 316.95 points during the past week. As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of […]
Following a seven-year break, Punjab Chief Minister Maryam Nawaz Sharif approved the program’s resume on Friday. After a seven-year break, the province administration announced that Punjabi students will once more receive the newest laptops. This was decided at the changes to the higher education sector conference chaired by CM Maryam, during which a thorough briefing […]
New York leads the global list with 349,500 millionaires and 60 billionaires, but the metropolis of sheikhs and buildings that reach the clouds has been dubbed the wealthiest city in the Middle East, according to Business Recorder. Dubai is ranked 21st overall with 72,500 millionaires according to Henley’s & Partners’ “Top 50 Cities for Millionaires” […]
According to reports from the finance ministry, Pakistan is planning to seek an extension on a $12 billion loan from friendly nations to manage its financial needs for the fiscal year 2024-25. The breakdown of the requested extension includes $5 billion from Saudi Arabia, $4 billion from China, and $3 billion from the United Arab […]
