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Wednesday, May 7, 2025

Europe’s Gas Consumption Hits 10-Year Low Amid Rising LNG Imports

Europe witnesses a decade-low in gas consumption while boosting LNG imports and diversifying energy sources.

Gov. Raises Fuel Prices Amidst International Market Volatility

The caretaker government raises petrol and high-speed diesel prices amidst international market volatility.

Looming Crisis: Textile Sector’s Plea for Government Intervention

The textile industry faces a dire situation with over 50% of firms at risk of closure due to soaring energy prices.

Chocolate Giants Navigate Price Hikes Amid Surging Cocoa Costs

Hershey and Cadbury makers plan price hikes to offset soaring cocoa prices, as consumer demand softens due to inflation impact.

Pakistan’s Exports to Afghanistan Increase by 3.63% in Fiscal Year 2023-24

Pakistan's exports to Afghanistan showed a modest increase in fiscal year 2023-24, as reported by the State Bank of Pakistan.

Jeff Bezos Plans to Sell 50 Million Amazon Shares

Jeff Bezos, Amazon's founder, plans for a substantial stock sale of up to 50 million shares amid a surge in the company's valuation.

Toyota and GM Issue “Do Not Drive” Warning for Their Own Cars

Owners of affected vehicles are strongly advised to check if their cars are part of the recall by entering their VIN on the NHTSA website.

Cargo Through Suez Canal Plummets by 45%

Houthi attacks in the Red Sea lead to a 45% decline in Suez Canal Cargo, triggering global trade disruptions.

Toyota remains world’s top-selling automaker

The Japanese automaker reported a 7.2 per cent jump in global group sales last year, including those at small-car maker Daihatsu and truck unit Hino Motors.

State Bank of Pakistan to Introduce New Currency Notes

SBP plans to introduce new currency notes with international security features, sparking cautious optimism from financial experts.

Elon Musk Warns Chinese Manufacturers Could Dominate Global Market Sans Trade Barriers

Elon Musk warns that Chinese EV manufacturers could outperform global competitors, including Tesla, unless trade barriers are in place.

IMF Review Mission Post General Elections

The outcome of these agreements will play a crucial role in formulating the next budget for the fiscal year 2024-25.