Business

Green investment a priority: Aurangzeb Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, emphasized Pakistan’s commitment to tackling climate change and promoting green investment opportunities during his keynote address at the UK-Pakistan Green Investment Forum, organized by the British High Commission in Pakistan on Friday, according to a press release issued by Ministry of Finance. Despite its minimal contribution …

Studies reveal an increase in contraband cigarette brands A study has revealed that the share of contraband cigarette brands is likely to reach 56% by June 2024, compared to 48% in the same period last year. Ipsos Pakistan launched its research study titled “Pakistan Cigarette Market Assessment 2024” in Islamabad. The report represents a comprehensive survey of over 1,000 retail …

Consumers haven’t felt this bad about the economy since November Consumer sentiment plunged to a six-month low amid re-accelerated price increases, according to the University of Michigan’s latest survey of consumers, released Friday. Additionally, consumers are bracing for higher price increases next year compared to the previous month’s reading, the survey found. That gauge, closely tracked by the Biden administration, …

You just heard that your child who is in college is getting less help than you expected. How now? The good news is that your child is in college and is preparing to enroll this fall. The bad news is that you just found out the aid package your child’s school is offering is smaller than you expected. This means …

Hyundai and Kia models topped the US car theft rankings last year Two Hyundai models and one Kia were the three most stolen vehicles last year, according to a report from the National Insurance Crime Bureau. The Hyundai Elantra compact car was stolen more than 48,000 times last year while the Hyundai Sonata sedan was stolen nearly 43,000 times, according …

There is surprisingly little good news lurking in the stock market Investors are grappling with a painful reality check: The Federal Reserve is unlikely to cut interest rates anytime soon. That, at least temporarily, halted 2024’s gangbusters stock rally and dampened sentiment on Wall Street. Traders worry that the increased rates will keep borrowing costs sky-high for consumers, squeeze corporate …

Target is dialing back on Pride merchandise after right-wing backlash Target is limiting the number of stores it will sell LGBTQ-themed merchandise for Pride Month in June following a boycott from far-right activists last year that hurt the brand’s standing. This year, Target said it will sell only Pride-themed “adult apparel” and home goods “in select stores, based on historical …

Rat parts found in slices of white bread in Japan, sparking recall Japan’s major food supplier has recalled more than 100,000 packs of a popular brand of sliced white bread after rat parts were found in some of the bread. The latest fears add to a slew of food safety scandals plaguing Asia’s second-largest economy, which has a long-standing reputation …

For US renters, the chances of home ownership are getting worse The American dream of owning a home looks more like a nightmare. With inflation heating up again, the Federal Reserve is in no position to consider lowering interest rates at its next meeting. That helped push the average fixed rate on a 30-year mortgage above 7.2% after five consecutive …

FDIC chairman faces calls to resign after scathing report. The implications for banks could be significant Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation, is facing calls from lawmakers to resign after a scathing 234-page report was released Tuesday detailing widespread sexual harassment, discrimination and bullying at the agency. If he heeds the call, there could be significant ramifications …