May 18, 2024 Karachi, Pakistan Knowledge Fest organized by Saudi-Pak Connect Pakistan Poised to Benefit from Saudi Arabia’s Vision 2030, Says Ambassador Pakistani Ambassador to Saudi Arabia, Ahmed Farooq, urged Pakistanis to seize the vast opportunities presented by Saudi Arabia’s Vision 2030 through focused efforts and skill development. “The time has come for Pakistanis to…
Apple’s Shine Dims: Innovation Stagnation and Macroeconomic Headwinds Threaten Growth Once a guaranteed growth engine, Apple (NASDAQ: AAPL) finds itself facing a confluence of challenges in 2024. While the broader market enjoys a positive year, Apple stands out as one of the few “Magnificent Seven” tech giants experiencing negative returns. Though the decline is currently…
ISLAMABAD: Auto Industry Calls for Protection Against Used Car Influx Pakistan’s auto industry is facing a significant challenge from the influx of used cars, prompting them to urge the government for stricter import restrictions in the upcoming budget for fiscal year 2024-25. Industry officials claim that during the first eight months of 2023-24 (July-February), used…
Pakistan and the IMF: Charting a Course for Sustainable Growth Pakistan is on the cusp of a crucial meeting with the International Monetary Fund (IMF) next week. This high-level delegation, led by IMF Mission Chief Nathan Porter, will engage with Pakistani authorities to discuss the “next phase of engagement” – a phrase hinting at potential…
Small Industries: Pakistan’s Powerhouse for Export Growth This news article highlights the crucial role of small industries in boosting Pakistan’s economic growth, particularly through export expansion. Key Statistics: Non-traditional exports from small industries have increased by 15% in the past five years (Pakistan Bureau of Statistics). Small industries created over 500,000 jobs in 2023 alone…
Bullish Run: Pakistan Stock Exchange Hits All-Time High on Pre-Budget Optimism The Pakistan Stock Exchange (PSX) roared to an all-time high this week, breaching the historic 73,000 barrier in a pre-budget rally. This surge was fueled by a confluence of positive factors, including robust data on remittances, rising foreign currency reserves, and speculation surrounding negotiations…
Toyota’s Record Profits Driven by Hybrid Demand and Weak Yen: Toyota, the Japanese automotive giant, has announced unprecedented profit and sales figures, attributing its success to the combination of a weak yen and soaring demand for hybrid vehicles. In the fiscal year ending in March, Toyota achieved a net profit of 4.94 trillion yen ($31.9…
Apple could double down on China market, Wedbush says, as iPhone sales drop Amidst a backdrop of declining iPhone sales and intense competition within China, Wedbush Securities suggests that Apple may intensify its efforts in the Chinese smartphone market. Strengthening Presence in China Prior to the release of the iPhone 16, Apple faces various challenges…
Reddit IPO: Share sale values social media firm at $6.4bn Reddit, the renowned online forum, has made headlines with its remarkable initial public offering (IPO), raising a staggering $748 million by selling 22 million shares at $34 each. This move positions Reddit as one of the leading social media firms in terms of IPO size….
MicroStrategy shares up 180% this year after debt sale to buy more bitcoin spurs latest rally Whenever Michael Saylor mentions “bitcoin,” MicroStrategy shares experience a surge. Lately, his mentions have become frequent. MicroStrategy’s Bitcoin Acquisition On Monday, MicroStrategy’s founder took to social media platform X to announce the purchase of an additional 12,000 bitcoins, amounting…
