Silver, represented by the symbol Ag and atomic number 47, holds significant cultural and economic value in Pakistan. It is commonly used in jewellery, ornaments, and artefacts and is regarded as a safe-haven asset, providing protection against economic uncertainties. The metal’s importance extends to the industrial sector, where it is used in electronics, solar panels,…
Japan’s Toyota Motor has reportedly reduced its electric vehicle (EV) production plans for 2026 by one-third, becoming the latest automaker to scale back EV ambitions amid declining demand. Global sales of EVs, including fully electric and plug-in hybrid vehicles, grew by 20% in the first half of 2024, which is slower than anticipated, according to…
Hershey has urged a U.S. judge to dismiss a lawsuit accusing the company of misleading consumers about several Reese’s peanut butter candies. In a filing made on Wednesday in a federal court in Fort Lauderdale, Florida, Hershey argued that no reasonable consumer would expect its Halloween- and Christmas-themed candies to exactly match the “artistic designs”…
Karachi, September 06, 2024: The outstanding dues owed to Pakistan State Oil (PSO) by various sectors have surged to Rs786 billion. Sources reveal that the import bill for Re-gasified Liquefied Natural Gas (RNLG) alone has exceeded Rs506 billion, with Sui Northern Gas Pipelines Limited (SNGPL) responsible for the entire amount owed for LNG supply. The…
Islamabad, September 06, 2024: On Friday, the Pakistani rupee appreciated by 11 paisa against the US dollar in interbank trading, closing at Rs278.56, up from the previous day’s rate of Rs278.67. In the open market, the Forex Association of Pakistan (FAP) reported the buying and selling rates of the dollar at Rs278.75 and Rs280.25, respectively….