Business
Aramco has not commissioned any site in Pakistan
‘No Aramco site has been commissioned anywhere in Pakistan so far. A formal announcement will be made in this regard at an appropriate time.’ This was stated by Zeeshan Tayyeb, Chief Operating Officer, Gas & Oil Pakistan Ltd (GO) in response to a misleading picture and news circulating on social media. GO a business partner…
Current deficit of Pakistan post unaffordable: Federal Minister
Islamabad, September 07,2024: It has been decided to take new measures on an emergency meeting basis to improve the current performance of the Pakistan Post under which various measures including the commercial use of GPOs and post office buildings in major cities of the country are decided through proposals under consideration. This was expressed in…
Silver price in Pakistan – September 6, 2024
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,…
Carmakers adjust electrification plans as demand slows
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 seeks to dismiss lawsuit over Reese’s candies
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”…