Islamabad: During a recent session of the Senate Standing Committee for Economic Affairs, it was revealed that Pakistan received only 500 million dollars out of 10 billion dollars, which pledged to reduce floods during the Geneva Donors Conference. The private secretary of the Economic Affairs Department, and Amir Karim, informed the committee that it was … Read more
On Friday, the Canadian Court approved a settlement plan, as companies affiliated with three major tobacco companies, including Philip Morris and British -Taba, will pay 32.5 billion dollars (22.67 billion dollars). The settlement addresses the lawsuits that claim that the Canadian units of these companies have been familiar with since the fifties of the last … Read more
The Chinese -Chinese BYD company announced on Tuesday that it raised 5.59 billion dollars by selling the basic stocks, the largest of its kind in Hong Kong four years ago. The company sold 129.8 million basic shares, an increase of 118 million shares planned when the deal was launched on Monday. Despite the increase in … Read more
The State Bank in Pakistan (SBP) has an increase of $ 21 million in its foreign currency reserves, up to a total of $ 11.22 billion for the week ending February 21, 2025. According to the latest data issued by the central bank, the total liquid foreign exchange reserves in the country, including commercial banks’ … Read more
The Roosevelt Hotel for the International Pakistan (PIA) will not be a shelter for migrants after New York City has ended the 220 million dollar lease agreement. The decision comes amid increasing criticism about the use of American taxpayer money to accommodate asylum seekers. New York City mayor Eric Adams announced the closure on Monday, … Read more
The FPCI Chambers of Commerce and Industry Federation signed a Memorandum of Understanding (MOM) with the Chamber of Commerce and Industry in a scene to enhance bilateral trade to 10 billion dollars. According to officials, the agreement aims to increase exports between the two countries and enhance economic cooperation. The signing ceremony was held in … Read more
Karachi: Hallan Finance Bank expanded in Hallan, an Egyptian infiltrator, to become Pakistan after obtaining the Microfinance Bank. The company plans to invest $ 10 million and build a 500 million loan portfolio within five years. HALAN will launch a digital banking this year with the expansion of its material presence with 100 new branches. … Read more
New York: The tech-heavy Nasdaq fell early Monday, as traders on Wall Street and other global stock exchanges reacted to the emergence of a low-cost Chinese artificial intelligence project that appears to have bypassed American companies. DeepSeek, developed by a startup company based in the eastern Chinese city of Hangzhou, has demonstrated the ability to … Read more
Elon Musk spent $259 million to support Donald Trump’s presidential campaign, making him one of the largest individual contributors in US election history. US Federal Election Commission (FEC) data revealed that Musk donated $239 million to America PAC, which he founded to mobilize voters for Trump. An additional $20 million went to RBG PAC in … Read more