McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore For decades, Western companies have made profitable bets on the inevitable rise of Chinese consumers. Now the economic downturn and the emergence of fierce local competitors mean those bets look less safe when a price war breaks out. Discounts and special offers are offered across consumer brands …

Recent college graduates perform exceptionally well. Can it last? They may be at the bottom of the alphabet, but Gen Z is smart enough to keep up. What happened: The economy isn’t easy for the class of 2020 (and the years surrounding it), but thankfully, it’s getting better. Students who graduated from college during the global pandemic, the recession it …

Want to see Taylor Swift’s ‘Eras Tour’ without breaking the bank? Try Europe Planning a summer vacation in Europe usually involves an exorbitant amount of cash, but when Taylor Swift is involved, it might actually be a deal breaker. Fans looking to snag tickets to her popular “Eras Tour” European leg are finding it much cheaper to see Swift abroad …

The ministry clashed with the privatization of SOEs The fate of 40 state-owned enterprises (SOEs) that are considered strategic and important by their respective ministries but not accepted as such by Deputy Prime Minister Ishaq Dar has yet to be decided after Finance Minister Muhammad Aurangzeb chaired a cabinet committee meeting on Monday. The Cabinet Committee on State-Owned Enterprises (CCoSOEs) …

Fuel prices are expected to drop significantly in May Ex-depot petrol rates may drop by Rs13.40 per litre, and high-speed diesel (HSD) by Rs8.19 per liter for the next two weeks from May 16, according to estimates. Petrol premium is expected to be around $10.30 per barrel, and $6.50 per barrel on HSD, while the exchange rate adjustment is expected …

Foreign investment jumps by 84% Foreign portfolio investors are gradually returning to Pakistan’s debt and equity markets after a prolonged absence, marking a significant shift in market sentiment. Short-term external investment has surged by 84%, surging to a 30-month high, now standing at Rs501.30 billion. According to a weekly update from the State Bank of Pakistan (SBP), overall investment hit …

Passenger car sales plummet 29% In the 2024 financial year (from July to April), passenger car sales saw a sharp decline to 62,962 units, marking a staggering 29% decline. This decline is due to various factors including high interest rates, soaring inflation and declining purchasing power, as reported by the Pakistan Automotive Manufacturers Association (PAMA). PAMA data also revealed a …

The minister charts the course for export growth Federal Commerce Minister Jam Kamal Khan reiterated the government’s commitment to facilitate diversification of trade, industry and exports on Monday. He stated that measures are being devised to promote both local and export-oriented industries. Speaking at a media briefing at the Trade Development Authority of Pakistan (TDAP), the commerce minister emphasized the …

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