World Business NewsHSBC, IFC partner to bridge emerging market trade financing gap
Collaboration aims to address $1 trillion trade-finance gap in developing economies
Dec 23, 2024
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World Business News
World Business NewsGM contributes $625 million for joint venture with Lithium Americas on Thacker Pass mine
Thacker Pass is expected to produce 40,000 metric tons of battery-grade lithium carbonate annually in its first phase, sufficient for up to 800,000 electric vehicles
Dec 23, 2024
World Business NewsElon Musk's X raises Premium Plus subscription prices
The monthly subscription price rises from $16 to $22, while the annual cost increases from $168 to $229
Dec 23, 2024
HeadlinesLocal mobile phone production in Pakistan falls by 8% YoY and 35% MoM in November 2024
This comes after a high of 3.53 million units produced in October 2024, which marked a 34% YoY and 64% MoM increase, the highest monthly production in seven months
Dec 23, 2024
HeadlinesAgricultural chemical imports surpass $3.7 billion in July-November 2024
Fertilizer imports grow by 57.31% but insecticide imports decline by 35.12%
Dec 23, 2024
World Business NewsTrump denies ceding presidency to Elon Musk
Trump praises Musk but clarifies, “And no, he’s not taking the presidency.”
Dec 23, 2024
AutomobileHonda, Nissan agree to discuss merger forming world's third-largest automaker
The combined entity projects to generate $191 billion in revenue, $19 billion profit, with Honda nominating majority board members
Dec 23, 2024
HeadlinesPPRA to hire 26 experts, non-performers face removal
Authority shows hesitance in implementing the PM’s directive to remove incompetent officials and non-performers from its ranks
Dec 23, 2024
HeadlinesBanks edge closer to 50% ADR target to avoid tax penalty
Private sector lending hits record Rs1.35 trillion, exceeding the average for the last three years
Dec 23, 2024
Headlines‘Rental income, capital gains earned by resident Pakistanis from UAE, UK not taxable in Pakistan’
Taxing rights for such income rest exclusively with the country where the income originates, Appellate Tribunal Inland Revenue upholds
Dec 23, 2024
HeadlinesPakistan loses 30% of agricultural land to soil salinity, FAO report finds
6.67 million hectares affected; annual salinisation rate may rise 10% due to climate change
Dec 23, 2024
HeadlinesFBR chief rules out mini-budget, urges businesses to join tax net
Proposes restrictions on "Assan accounts" to limit non-filers to Rs1 million transactions
Dec 23, 2024