Even while it was far less than its record-breaking $161 billion in 2022, Aramco $121 billion profit for the previous year nevertheless highlights its domination in the world oil market. There are a number of reasons for the drop in profitability, the main one being the drop in energy prices brought on by the OPEC+ […]
On Tuesday, Shehbaz Sharif, the prime minister, advocated for the execution of $10 billion in bilateral agreements signed in November of last year between Kuwait and Pakistan. During a meeting with Nassar Abdulrahman Jasser Almutairi, the ambassador of Kuwait to Pakistan, the premier spoke about bilateral relations and urged both parties to work together to […]
Pasha noted that Pakistan’s average GDP growth over the last four years stood at 2.5%, mirroring the population growth rate. This stagnant income growth highlighted the need for economic reforms. He cited factors such as the impact of COVID-19 and natural disasters like floods as hurdles faced by the economy. Highlighting concerning statistics, Pasha pointed […]
Investors cheered the plan, sending Unilever shares up more than 5% in early trading. The spinoff will begin immediately and is expected to be completed by the end of 2025, London-listed Unilever said. The ice cream business is “in the process of moving to a separate head office in Amsterdam” but CEO Hein Schumacher said […]
As per schedule, the talks were scheduled to conclude yesterday (Monday), but the International Monetary Fund (IMF) mission extended its stay in Pakistan by a day as both sides have been unable to develop a consensus on a staff-level agreement for the second review. Both sides will discuss the Letter of Intent today, while the […]
Saudi Arabia plans to set up a modern university in Pakistan to train skilled workers needed for its upcoming projects. The Ministry of Overseas Pakistanis and Human Resource Development is suggesting a special quota for Pakistani workers for NEOM and other projects in Saudi Arabia. This move strengthens the partnership between the two countries in […]
Toyota and Pokémon have collaborated to introduce a unique prototype motorcycle inspired by the legendary Pokémon, Miraidon, in Japan. This collaboration dubbed the ‘Toyota Miraidon Project’, has brought forth a special exhibition at Midtown Hibiya in Tokyo, running from March 15 to 17. Supported by the Toyota Engineering Society and The Pokémon Company, the exhibition […]
Texprocess will showcase the latest in garment and textile manufacturing machinery and services, while Techtextil, the leading international trade fair for technical textiles and nonwovens, will also take place at the same venue in Frankfurt am Main. Techtextil and Texprocess provide support to companies as they embark on their digital future journey. These premier international […]
The dollar index, which measures the U.S. currency against six other major currencies, was last down 0.12% at 103.35. It has risen around 2% this year as the U.S. economy has fared better than expected, causing investors to rein in their bets that the Fed will cut rates quickly and deeply in 2024. Markets are […]
The report said the negotiations are about licensing Gemini for some new features coming to the iPhone software this year, adding that the terms or branding of an AI agreement or how it would be implemented have not been decided. It is unlikely that any deal would be announced until June when Apple plans to […]
