Pakistan hires financial adviser for HBFCL privatization
Pakistan has taken a fresh step toward the privatization of the House Building Finance Company Limited (HBFCL), appointing a consortium led by KPMG as financial adviser for the transaction. The…
Americans Rewire Grocery Shopping Habits as Prices and Priorities Shift
Americans are rapidly changing the way they shop for groceries as persistent inflation, evolving consumer preferences, and economic uncertainty reshape spending habits across the United States. New consumer trends show…
Oil set for weekly rise amid Red Sea shipping attacks
Global oil prices were on track for a weekly gain on Friday as renewed attacks on commercial vessels in the Red Sea heightened concerns over supply disruptions and increased geopolitical…
Microsoft Axes 4,800 Jobs in Biggest Xbox Shake-Up Ever
Microsoft has announced 4,800 job cuts about 2.1% of its global workforce with Xbox bearing the biggest blow. More than 1,600 roles at Xbox are being eliminated immediately, four game…
Japan Quintuples Visa Fees in First Price Hike in Nearly 50 Years
Japan has announced a dramatic increase in visa fees, raising charges for foreign travelers by five times in what officials describe as the country’s first revision of visa issuance fees…
Elon Musk Becomes World’s First Trillionaire as SpaceX Shares Soar on Historic Stock Market Debut
Elon Musk has become the world’s first trillionaire after SpaceX shares surged following the company’s historic stock market debut, marking a milestone in financial and business history. SpaceX, the rocket…
Walmart investors reject AI workplace report
Shareholders of Walmart have voted against a proposal that would have required the retail giant to publish a report examining how artificial intelligence and automation affect employee well-being, according to…
Gold Set for Weekly Loss as Middle East Tensions and Rate-Hike Fears Weigh on Market
Global gold prices slipped on Friday and were headed for a weekly loss as escalating tensions in the Middle East heightened inflation concerns and strengthened expectations that interest rates could…
Govt to Present Federal Budget 2026-27 on June 10
In a significant development for Pakistan’s economy, the federal government is set to present the Federal Budget 2026-27 on June 10, following consultations with coalition partners and senior economic stakeholders.…
IMF seeks higher taxes on solar panels, EVs in FY2027 budget
The International Monetary Fund (IMF) has reportedly urged Pakistan to increase taxes on solar panels and electric vehicles (EVs) as part of broader fiscal reforms being discussed for the FY2027…