Air Link Communication Limited (PSX: AIRLINK) has successfully purchased a 3-acre industrial plot in Lahore. This purchase was confirmed by the company in a filing to the Pakistan Stock Exchange on Monday. The plot is situated next to a 5-acre plot owned by its subsidiary, Select Technologies (Pvt) Limited, located in the Sundar Green Special…
On Monday, oil prices dropped after US President Donald Trump urged OPEC (Organization of the Petroleum Exporting Countries) to reduce oil prices. This came after Trump announced measures aimed at boosting US oil and gas production. Oil Price Change Brent Crude $77.97 (-0.68%) WTI Crude $74.16 (-0.67%) Trump Push to Lower Oil Prices and End…
The Punjab government has shared exciting updates about the “Apni Chhat, Apna Ghar” programme, which is helping thousands of people build their own homes. Over 5,000 houses are nearly complete under this project, offering financial assistance to those who qualify. The scheme is being managed on a merit basis to ensure fairness and transparency. Update…
Pakistan central bank is expected to reduce its key interest rate for the sixth consecutive time to boost economic activity and business sentiment. Analysts predict the rate could drop by 1 percentage point, continuing the bank’s efforts to control inflation. Heading Details Expected Rate Cut 1 percentage point (100 basis points) Total Cuts Since June…
Pakistan inflation has been decreasing, and experts project that it may fall below 3% in January 2025. This decline is considered a positive sign for the country’s economy, raising hopes for a further reduction in the central bank’s policy rate. Heading Details Expected Inflation for January Inflation may drop to 2.8% to 2.9%. Comparison with…
Meta, the company behind Facebook and Instagram, plans to spend as much as $65 billion this year to expand its artificial intelligence (AI) infrastructure. This investment aims to strengthen the company’s position against rivals like OpenAI and Google in the rapidly growing AI sector. Heading Details Investment Plans Meta plans to invest $65 billion in…
The Prime Minister of Pakistan, Shehbaz Sharif, recently praised the World Bank’s launch of a monumental $20 billion Country Partnership Framework (CPF) aimed at addressing Pakistan’s critical economic and development challenges. This ten-year partnership promises to bring transformative changes to the country by focusing on areas such as economic stability, IT-led development, and climate resilience….
Doug Gurr, a former Amazon executive, has been appointed as the interim chair of the UK Competition and Markets Authority (CMA). This comes after the resignation of the previous chair, Marcus Bokkerink. Gurr’s new role has raised questions about his impartiality due to his past work with Amazon, which has been under investigation multiple times…
The 12th meeting of the Special Investment Facilitation Council (SIFC) was held to review ongoing projects and policies across various sectors. Chaired by Planning Minister Ahsan Iqbal, it included federal ministers, provincial chief secretaries, and senior officials from different sectors. The meeting focused on the progress of key projects in industries, agriculture, oil, gas, and…
The World Economic Forum (WEF) is a prominent global platform where world leaders and decision-makers gather to discuss major issues affecting the global economy. This year, Finance Minister Mohammad Aurangzeb attended the WEF Annual Meeting in Davos, Switzerland, where he had several key meetings with international leaders and representatives. Let’s explore the details of these…
