Pakistan International Airlines (PIA) has got a positive reaction from the public for its Paris route, which is scheduled to depart on January 10, 2025 after a four-year hiatus, since all economy tickets have been sold out in advance. According to a spokeswoman for the national carrier, all economy classRead More →
Aurangzeb says ministries would be merged to minimize government size; the Ministry of Capital Administration and Development Division will be disbanded. Federal Minister for Finance Muhammad Aurangzeb stated on Tuesday that in order to minimize its expenses and enhance its performance, the government had done away with 150,000 vacancies inRead More →
The Pakistan Refinery Limited (PRL) Board of Directors (BoD) has authorized borrowing a Rs3.15 billion loan for refinery upgrades, according to Pasar on Wednesday. The upgrade plan includes the completion of the refinery’s façade and engineering designs. Pakistan Refinery Limited has already submitted a letter to the administration of theRead More →
(Reuters) – Taiwan’s Fair Trade Commission (FTC) has barred Uber Technologies’ $950 million acquisition of Delivery Hero’s Foodpanda operation on the island due to anti-competitive concerns, the agency said Wednesday. Uber and Foodpanda did not immediately reply to calls for comment after regular business hours. According to a statement fromRead More →
RAWALPINDI (APP) – NLC and DP World have delivered over 1,000 containers between Pakistan and Bangladesh since October, when they launched the first direct shipping route between the two nations, a strategic effort that would considerably improve South Asian commerce and connectivity. Container service between Karachi and Jable Ali willRead More →
Pakistani authorities have secured around $6.3 billion in foreign loans in the first seven months of the current fiscal year. This sum accounts for roughly 35.75 percent of the annual budget projection, despite restricted borrowing opportunities due to low credit ratings and severe global financial market circumstances, even with theRead More →
FRANKFURT (Reuters) – In September, the euro zone’s inflation rate dropped to its lowest level in two years, signaling that the European Central Bank’s steady diet of interest rate increases was working to tame inflationary trends, but at an increasing cost to economic development. According to Eurostat’s flash estimate releasedRead More →
Following the notification of the Federal Board of Revenue (FBR), the Pakistan Telecommunication Authority (PTA) has reduced the registration charge for older phones of Apple iPhones. Following the FBR’s statement that taxes on Apple cellphones will be decreased, the PTA reduced the registration charge for older iPhone models. The PTARead More →
BERLIN (Reuters)- Volkswagen (VOWG_p.DE) announced on Wednesday that it is collaborating with Chinese EV startup Xpeng and joint venture partner SAIC to develop new vehicles and perhaps co-create platforms in order to defend market share. The Volkswagen brand will collaborate with Xpeng Inc (9868.HK) to build two cars aimed atRead More →
The most valuable firm in India, Reliance Industries Ltd. (RELI.NS), reported a wider-than-anticipated decline in first-quarter profit on Friday as poor demand and declining refining margins damaged its main sector. Despite its ambitious development into retail, telecom, and green energy, Reliance’s oil-to-chemicals industry remains its primary growth engine that drivesRead More →