Shell Pakistan Limited (SPL) announced on Wednesday that its parent firm, Shell Petroleum firm Limited (SPCo), has informed it of its intention to sell its stake in SPL.
The electric vehicle (EV) business in Pakistan has vanished into thin air as a result of the country’s economy’s recent downturn.
The federal budget for fiscal years 2023-24 is expected to be presented to Parliament next week.
According to a press release from Pakistan’s Aircraft Owners and Operators Association (AOOA), flying schools across the country have suspended operations due to a lack of aviation petrol (AVGAS).
The Federal Minister for Information Technology and Telecommunications, Syed Aminul Haq, has announced a collaboration with Google to offer 45,000 scholarships this year, growing to 450,000 the next year. These scholarships will have a minimum 40% female allocation.
According to data released by the State Bank of Pakistan (SBP) on Thursday, the central bank’s foreign exchange reserves fell by 2.7% week on week to $4.19 billion.
Pakistan’s economic growth rate fell to 0.3% in the current fiscal year due to severe import restrictions imposed in an effort to avoid sovereign default, crippling the industrial sector and spilling over into the services sector.
Sony gave fans a sneak peek at some major forthcoming games at its first PlayStation Showcase in almost a year.
M. Mudassar Aqil, CEO of Telenor Microfinance Bank Limited (Easypaisa), has resigned to pursue a new opportunity overseas, according to official sources.
Following the signing of an agreement with a foreign investor on Sunday, the CEO of a private company announced plans to launch the country’s first air taxi service in Karachi next month.
Meta was fined 1.2 billion euros ($1.3 billion) by the European Union’s top privacy regulator for improper handling of user data and given five months to stop transferring user data to the US.
In Pakistan, the price of gold fell for a second time this week, closing at Rs. 232,600 per tola.
The price of gold (24 carats) decreased by Rs 1,000 per tola to Rs 232,600, while the price of 10 grammes decreased by Rs 857 per tola to Rs 199,417, according data provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA).
After experiencing price fluctuation the previous week, the price of gold has stayed comparatively constant this week. Gold’s price rose by Rs. 1,100 per tola on Monday but fell by Rs. 2,000 per tola the next day before remaining stable on Wednesday.
The cost of gold increased by Rs. 500 per tola on Thursday. With today’s drop, the price of gold has decreased by Rs. 1,400 per tola over the past week. This is in striking contrast to last week’s price rise of Rs. 8,500 per tola.
By 11:10 GMT, spot gold had increased by 0.3 percent to $1,964.09 per ounce on the global market, while US gold futures had risen by 0.4 percent to $1,967.80.
