In a recent exclusive interview with Bloomberg, Barrick Gold Corp’s Chief Executive Officer, Mark Bristow, revealed that several major international mining players, including Saudi Arabia, are keen to get involved…
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Business
Rupee Strengthens by Rs3.50 Against Dollar in Open Market Amid Crackdown on Currency Hoarders
by Haktaurusby HaktaurusThe Pakistani rupee experienced a noteworthy surge against the US dollar, gaining Rs3.50 in the open market, marking an impressive start to the business week. The greenback, which was priced…
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Domestic Gold Prices Continue to Decline, Reflecting Global Trends
by Haktaurusby HaktaurusThe domestic gold market in Pakistan has extended its losing streak for the fourth consecutive day, mirroring the downward trend in international rates. According to data released by the All-Pakistan…
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Pakistan’s Rising Interest Payments Exceed Federal Income, Fueling Debt Concerns
by Haktaurusby HaktaurusIn a concerning financial development, interest payments in Pakistan for the month of July have surged alarmingly to a staggering Rs537 billion, surpassing the federal government’s net income for the…
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Toyota Motor is set to restart production in its Japanese plants on Wednesday, following a recent system malfunction that disrupted its domestic manufacturing operations. Toyota plans to resume production across…
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Tremendous Progress in AI Spurs Semiconductor Revenue Surge, Projected to Exceed $100 Billion by 2027
by Haktaurusby HaktaurusIn a dynamic landscape marked by remarkable advancements in artificial intelligence (AI), the semiconductor industry is experiencing an unprecedented surge in revenue due to escalating demands. Experts project that this…
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Business
Economic Coordination Committee Extends Sugar Export Ban Amidst Supply Concerns
by Haktaurusby HaktaurusThe Economic Coordination Committee (ECC) has announced its decision to uphold the ban on the export of sugar. The decision was reached during a crucial meeting held in Islamabad, chaired…
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Nearly 4,000 vendors and visitors thronged a two-day Pakistan Expo held in the Canadian city of Vancouver to showcase Pakistani products to the local buyers and customers and help forge…
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Cheap Milk Tea Seller Joins Billionaire Ranks with $2.1 Billion Valuation
by Haktaurusby HaktaurusBeijing, August 18, 2023 – Wang Xiaokun, the visionary entrepreneur behind Cha Panda, a renowned Chinese tea chain, has achieved billionaire status following a successful funding round that valued his…
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Pakistani Rupee Continues to Slide Against US Dollar: Depreciation Reaches Rs2.99
by Haktaurusby HaktaurusISLAMABAD, August 16, 2023 – The Pakistani currency faced further depreciation against the US dollar, marking a decline of Rs2.99 in interbank trading on Wednesday. This downward trajectory follows a…