October 23, 2024
Latest

October 23, 2024

China

PTCL and China Mobile Join Forces to Enhance International Connectivity

The Biz Update03 mins

KARACHI, October 23 2024: Pakistan Telecommunication Company Limited (PTCL), the largest telecommunications and integrated ICT services provider in Pakistan, has announced a strategic partnership with China Mobile International Limited (CMI) during GITEX Global 2024 in Dubai. This collaboration aims to share global network resources, significantly improving connectivity for customers both locally and internationally. The agreement…

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Airport

Over Rs. 23 Million Worth of Confiscated Goods Stolen from Karachi Airport

The Biz Update02 mins

KARACHI, October 23 2024: Seized goods valued at over Rs. 23 million have reportedly been stolen from Karachi Airport’s Royal Service Terminal, under the watch of customs and terminal officials. According to documents, the Post Clearance Audit (PCA) South exposed this case of illegal pilferage, which involved a Lahore-based company accused of misdeclaring liquid food…

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KE

NEPRA Approves K-Electric’s Generation Tariff Post-June 2023

The Biz Update03 mins

Islamabad, October 22, 2024: The National Electric Power Regulatory Authority (NEPRA) has approved K-Electric’s (KE) generation tariff for the period post-June 30, 2023. This decision includes a dissenting opinion from the Member (Finance and Tariff). The approved tariff control period will last for seven years or the remaining useful life of KE’s plants, whichever is…

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ST

Starbucks Suspends Outlook as New CEO Aims for Turnaround Amid Weak Demand

The Biz Update03 mins

New York, October 22, 2024 — Starbucks Corp (SBUX.O) has suspended its financial forecast for the upcoming fiscal year as its newly appointed CEO, Brian Niccol, seeks to overhaul the coffee giant’s strategy amid declining demand for its premium beverages. The company also reported preliminary results for its fourth quarter, revealing declines in same-store sales,…

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