Tesla Inc., the leading US electric vehicle manufacturer, announced a significant decline in its financial performance for the first quarter of 2024. The company reported a 9 percent drop in total revenue, which fell to $21.3 billion compared to the same period last year.
(more…)Author: Faisal Shahnawaz
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Record Govt Borrowing Highlights Pakistan’s Economic Challenges
In a striking development for Pakistan’s economy, government borrowing has hit an unprecedented high of Rs 5.301 trillion for the fiscal period from July 1, 2023, to April 12, 2024.
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Pakistan’s Oil and Gas Sector Sees Modest Gains
Pakistan’s oil and gas production has recorded a slight increase of 1 percent during the first nine months of the fiscal year 2023-24, driven primarily by contributions from oil fields such as Chak 2, Lashari Centre, Bolan East, and Bettani.
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Shadab Khan Optimistic About Pakistan’s T20 World Cup Chances
Pakistan cricket team’s all-rounder Shadab Khan expressed confidence in the team’s composition and its prospects at the upcoming ICC Men’s T20I World Cup 2024 to be held in the West Indies and the USA.
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Pakistani Women Cricketers Climb ICC ODI Rankings
In a significant boost for Pakistani women cricketers Bismah Maroof, Sadia Iqbal, and Umm-e-Hani have risen in the latest ICC Women’s ODI Rankings, which were released this Tuesday.
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KIBOR – Karachi Interbank Offered Rates on April 23, 2024
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Tuesday, April 23, 2024, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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Pakistan Stocks Fall in Mixed Trading; KSE-100 Sheds 74 Points
Karachi, April 23, 2024 – The Pakistan Stocks concluded a day of mixed trading with a slight dip as the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) dropped by 74 points, closing at 71,359, down from the previous day’s figure of 71,433.
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GSK Pakistan to Appeal Drug Court Decision
Karachi, April 23, 2024 – GlaxoSmithKline (GSK) Pakistan announced plans to challenge a recent decision by the Drug Court in Rawalpindi, which found certain current and former company officials guilty under the Drugs Act of 1976 for distributing sub-standard drugs.
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Rupee Marginally Declines Against Dollar, Closing at PKR 278.38
Karachi, April 23, 2024 – The Pakistani Rupee (PKR) witnessed a slight depreciation against the US Dollar, ending Tuesday at PKR 278.38 in the interbank foreign exchange market, a marginal drop of PKR 0.05 from the previous day’s close of PKR 278.33.
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Karachi Port Reports Active Shipping Movements on April 23, 2024
Karachi, April 23, 2024 – The Karachi Port Trust (KPT) has reported a bustling day of maritime activities as it managed a series of ship movements including berthings, sailings, and expected arrivals on Tuesday, April 23, 2024.
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