Shares in the maker of Dove soap and Hellmann’s condiments rose 6.8% in early trade to the top of London’s FTSE 100 index. Unilever posted a 3.9% rise in second-quarter underlying sales, below the 4.2% increase expected by analysts in a company-compiled consensus. It maintained its full-year underlying sales growth forecast of 3% to 5%, […]
BMW’s development head, Frank Weber, confirmed, “The next M3 will be battery-electric, full battery-electric.” The automotive industry is transitioning to electric vehicles, if only partially. This implies that automakers will adapt their combustion performance symbols for the brave new world of battery-powered vehicles over the next few years. The next Porsche 718 will be electric. […]
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 and Rs 280.75 respectively. The price of Euro came down by Rs 1.24 paisa to close at Rs 301.55 against the last day’s closing of Rs 302.79, according to the […]
Discovered in January 2023 within the Mari Development and Production Lease area, the Ghazij gas field has unlocked new hydrocarbon opportunities in the mature basins, according to the press release. MPCL’s fast-track appraisal campaign, which included the drilling of four appraisal wells, has confirmed the field’s potential, it added. “All five gas wells (one exploratory […]
Chairman APTMA Asif Inam said that the expensive electricity has made exporting difficult. “We have pointed out the line of action,” he said. He demanded that the government initiate a forensic audit of the independent power producers (IPPs). He also urged for a hurried review of the contracts with the IPPs. He said capacity charges […]
FPCCI will file a formal petition in the Supreme Court, said Gohar Ejaz, former interim minister. “This situation affects every Pakistani’s right to life,” stated Gohar Ejaz, emphasizing that Pakistan cannot afford to repeat the same mistakes in a few years. “We need to eliminate mismanagement to achieve prosperity,” he added. Gohar Ejaz also highlighted […]
As per details, a joint working group will be established between Pakistan and China to facilitate the loan rescheduling, sources added. Additionally, discussions will address China’s energy circular debt, which currently amounts to Rs 480 billion. The Finance Minister will also engage in talks regarding the Panda Bond. Pakistan aims to secure a $250 million […]
Previously limited to six major cities, the scheme now covers Abbottabad, Attock, Bahawalnagar, Bahawalpur, Chakwal, Dera Ismail Khan, Faisalabad, Ghotki, Gujarat, Gwadar, Hafizabad, Haripur, Hyderabad, Islamabad, Jhang, Jhelum, Karachi, Kasur, Khushab, Lahore, Larkana, Lasbela, Lodhran, Mandi Bahauddin, Mansehra, Mardan, Mirpurkhas, Multan, Nankana, Narowal, Peshawar, Quetta, Rahim Yar Khan, Rawalpindi, Sahiwal, Sargodha, Sheikhupura, Sialkot, Sukkur, and […]
A rush among carriers to cash in on summer travel demand has forced airlines to offer ticket discounts to fill their planes. The updated forecast reflects the lower yield environment, less-than-expected load factors for the year’s second half, and competitive pressures in international markets, Canada’s largest carrier said on Monday. The airline now expects its […]
Discounts to clear inventory, price cuts and incentives such as cheaper financing options offered to boost EV sales have squeezed Tesla’s margin over the past two years, while sales dropped as customers grew tired of its old model lineup. The company is laying off 10% of its global workforce, a memo revealed in April. Now, […]
