Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss. The merger strengthens Italy’s hand in a luxury industry led by French conglomerates. “We aim to continue Versace’s legacy, celebrating and re-interpreting its bold and timeless aesthetic,” said Prada Chairman Patrizio Bertelli. “At the same […]
The prime minister, chairing a review meeting on the Export Facilitation Scheme (EFS) here, said that increasing the country’s exports to boost national revenue was among the government’s priorities. During the meeting, interim recommendations of the committee formed to make the scheme more effective and benefitting the export sector were presented. The prime minister instructed […]
The rate of the yellow metal on Wednesday was 4,196 Saudi Riyal (SAR) per tola. According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3,620. Additionally, the price for an ounce of gold is 11,258 Saudi Riyal. Gold rates are subject to global market fluctuations, including […]
The selling rate of the Saudi Riyal was recorded at Rs74.9. The official currency of Saudi Arabia is abbreviated as SAR or SR. One Riyal is subdivided into 100 halalas. The partnership between Pakistan and Saudi Arabia is marked by a long-established and mutually beneficial alliance, underscored by considerable financial assistance from the Kingdom of […]
As per details, the Punjab government has officially deregulated the price of chicken, which was being sold at Rs595 per kg until Eidul Fitr. According to an order dated April 04, 2025, Director General (Research) Provincial Controller General Prices, to all the deputy commissioners/ Controller general prices and supplies at District Level working in the […]
Pakistan’s energy sector is grappling with challenges, including high electricity tariffs and surplus generation capacity. The rapid expansion of solar energy has further complicated the landscape, as more consumers turn to alternative energy sources to mitigate high costs. Bilal Bin Saqib, chief executive officer of the council, told Reuters the location of the mining centre […]
Brent futures fell 77 cents, or 1.18%, to $64.71 a barrel by 0320 GMT, while US West Texas Intermediate crude futures fell 65 cents, or 1.04%, to $61.70. Following the tariff pause for most countries, the benchmark crude contracts had settled 4% higher on Wednesday after dropping as much as 7% during the session. Trump, […]
The six fields and two reservoirs were found to have Arabian oil of different grades totalling 8,126 barrels per day, according to Reuters calculations based on the announcement. The natural gas discoveries from two fields and four reservoirs totalled 80.5 million standard cubic feet per day (scfd), the calculations show. Associated gas from the oil […]
The announcement was made by AirAsia X CEO Benyamin Ismail during a ceremony held at a local hotel in Karachi. According to the CEO, AirAsia X will begin operating flights to Pakistan from May 30, 2025. The airline will run four weekly flights between Kuala Lumpur and Karachi. Benyamin Ismail further stated that bookings for […]
Following the sweeping 10 percent tariffs imposed over the weekend, rates on imports to the United States from exporters, including the European Union and Japan, rose further on Wednesday. China — Washington’s top economic rival but also a major trading partner — is the hardest hit, with tariffs imposed on its products since Trump returned […]
