(Web Desk) – McDonald’s announced an unexpected drop in global sales on Monday, its first decline in 13 quarters, as bargain-hunting customers avoid higher-priced menu items such as Big Macs. Persistent inflation has compelled lower-income consumers to seek for more cheap food options at home. As a result, fast foodRead More →
(Reuters) – Philips posted second-quarter results that above analysts’ forecasts on Monday, driven by cost savings from job cutbacks and insurance income related to Respironics product liability claims, pushing company shares up more than 7% in early trading. The Dutch medical device maker’s earnings before interest, tax, and amortization (EBITA)Read More →
The major changes concerning imported coal-fired power facilities were revealed during the recent visit to China by Energy Minister Owais Leghari and Finance Minister Muhammad Aurangzeb. Sources claim that China has approved the conversion of three power stations that now run on imported coal to local coal. Given thatRead More →
(Reuters) – By 2030, Russia hopes to have the four main modules of its new orbiting space station built, the country’s space agency Roscosmos said on Tuesday. The directors of 19 businesses engaged in building the new station, together with Roscosmos chief Yuri Borisov, approved the schedule. The organisation reaffirmedRead More →
Lahore – The government on Sunday raised the price of petrol by Rs7.45 per litre and that of high-speed diesel (HSD) by Rs9.56 per litre for the next two weeks. The petitioner, Azhar Siddique of the Judicial Activism Panel, argued that while POL prices had significantly decreased in the internationalRead More →
Since Pakistan is about to sign a revised agreement on the project with China under the China-Pakistan Economic Corridor (CPEC), civil work on the Main Line-1 (ML-1) project is likely to start in the upcoming fiscal year. The updated plan calls for spending $6.7 billion on the three-phased Main Line-1Read More →
WASHINGTON (AP) — While briefing the media in Washington on Thursday, State Department spokesperson Matthew Miller stated that the US supports free and fair elections in Pakistan. Matthew Miller stated: “We support free and fair elections and do not take a position one way or another.” In response to aRead More →
ISLAMABAD – The National Electric electricity Regulatory Authority (Nepra) has authorized a Rs3.28 per unit increase in electricity rate for the fourth quarter of fiscal year 2022-23 to accommodate for fuel cost adjustments. His judgment has been forwarded to the federal government for final approval by the regulatory authority. TheRead More →
ISLAMABAD: Power Division Secretary Rashid Langrial declared on Sunday that the free electricity provision for grade 17 and higher officers of power distribution companies (Discos) will be discontinued. Secretary Langrial stated during a press conference in Islamabad on a variety of power-related matters that a summary of the decision willRead More →
(Web Desk)- Former finance minister Miftah Ismail argued that the existing administration would be unable to provide assistance to the poor if it did not seek approval from the International Monetary Fund (IMF). Following widespread public outrage over excessive power bills, the former minister stated that the caretaker administration willRead More →
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