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Online Black Friday sales in the United States rose to $10.8 billion, marking a record increase – Trendy Blogger

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Online Black Friday sales in the United States rose to .8 billion, marking a record increase – Trendy Blogger

Consumers across the United States spent an unprecedented $10.8 billion online during Black Friday, according to data from Adobe Analytics, as reported by *The News*. This marks a major milestone in the holiday shopping season, as online spending increased 10.2% compared to last year. Black Friday, which traditionally signals the start of the holiday shopping … Read more

Pakistan Railways’ revenues rose by 14% to Rs 33 billion in five months – Trendy Blogger

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Pakistan Railways’ revenues rose by 14% to Rs 33 billion in five months – Trendy Blogger

Pakistan Railways has achieved a historic financial milestone, recording revenues of Rs33 billion over the past five months, reflecting a 14% year-on-year growth compared to Rs29 billion during the same period last year, according to CEO Aamir Ali Baloch. This represents an additional gain of over Rs 4 billion, attributable to enhanced operational efficiency and … Read more

FBR falls Rs 356 billion short of five-month tax target amid IMF pressure – Trendy Blogger

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FBR falls Rs 356 billion short of five-month tax target amid IMF pressure – Trendy Blogger

The Federal Board of Revenue (FBR) has failed to meet its five-month tax collection target, missing Rs356 billion, with provisional collections standing at Rs4.28 trillion against the target of Rs4.64 trillion as of November 30. This represents a growth rate of less than 23%, well below the 40% required to achieve the annual target of … Read more

The government did not reach budgeted deposits of $9 billion in the first four months of FY25 – Trendy Blogger

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The government did not reach budgeted deposits of billion in the first four months of FY25 – Trendy Blogger

The government has yet to receive any of the $9 billion budgeted term deposits for the first four months of the current fiscal year (July-October 2024-25), compared to $3 billion made during the same period last year, according to data from the Department of Finance. Economic Affairs (EAD). For fiscal year 2025, the government expects … Read more

UAE President launches investment company XRG as ADNOC commits $54 billion to the local economy – Trendy Blogger

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UAE President launches investment company XRG as ADNOC commits billion to the local economy – Trendy Blogger

Dubai: The UAE has revealed an important step towards economic diversification and sustainability with the launch of XRG, an investment company focused on low-carbon energy and chemicals. This was announced by UAE President Sheikh Mohammed bin Zayed Al Nahyan, on Wednesday, according to the Emirates News Agency (WAM). XRG is preparing to play a pivotal … Read more

OpenAI allows $1.5 billion worth of stock to be sold to SoftBank – Trendy Blogger

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OpenAI allows .5 billion worth of stock to be sold to SoftBank – Trendy Blogger

OpenAI, the owner of ChatGPT, the Microsoft-backed AI startup, began selling shares worth $1.5 billion on Wednesday to its employees in a new tender offer for Japanese conglomerate SoftBank, according to a report in Reuters citing sources. SoftBank CEO Masayoshi Son, keen to expand his stake in the AI ​​leader, plans to invest through Vision … Read more

Mughal Energy Company Limited announces the issuance of Sukuk worth INR 2.5 billion – Trendy Blogger

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Mughal Energy Company Limited announces the issuance of Sukuk worth INR 2.5 billion – Trendy Blogger

Islamabad: Mughal Energy Company Limited announced plans to issue sukuks worth 2.5 billion rupees, after its board of directors approved amending the terms and structure of the issuance. The company disclosed this development to the Pakistan Stock Exchange (PSX) on Monday. According to the notice, the sukuk will be offered to the company’s existing shareholders … Read more

Remittances from workers in Pakistan are expected to reach $35-36 billion in FY25 – Trendy Blogger

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Remittances from workers in Pakistan are expected to reach -36 billion in FY25 – Trendy Blogger

Remittances sent by Pakistanis working abroad are expected to reach $35-36 billion by the end of the current fiscal year 2024-25, according to data compiled by Topline Securities. This would be a 16% year-on-year increase from incoming remittances during the previous fiscal year 2023-2024. According to data from the State Bank of Pakistan (SBP), workers’ … Read more

The protests cost Pakistan a staggering Rs. 190 billion per day: Minister of Finance – Trendy Blogger

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The protests cost Pakistan a staggering Rs. 190 billion per day: Minister of Finance – Trendy Blogger

Islamabad:Pakistan is facing an alarming loss of Rs. 190 billion per day as a result of road closures and lockdowns caused by opposition-led protests, according to Finance Minister Muhammad Aurangzeb. The protests, organized by the opposition party under the leadership of PTI founder Imran Khan, center around issues including Khan’s “unlawful” imprisonment, the February 8 … Read more

Sri Lanka’s $2.9 billion IMF bailout is going through its third review – Trendy Blogger

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Sri Lanka’s .9 billion IMF bailout is going through its third review – Trendy Blogger

The International Monetary Fund (IMF) approved the third review of Sri Lanka’s $2.9 billion bailout on Saturday, but stressed that the country’s economy remains fragile. The International Monetary Fund announced in a statement that it would release about $333 million, bringing the total amount disbursed under the rescue plan to about $1.3 billion. He pointed … Read more