Tuesday, February 27, 2024

Business

Head of Rothschild empire financier Jacob Rothschild dies aged 87 | Maqvi News

Former British Prime Minister, Tony Blair, expressed his grief over the loss of his friend The world has lost a major figure in the business world today as Lord Jacob Rothschild passed away at the age of 87, according to People.His family released a statement on Monday, announcing his passing and paying tribute to the patriarch, who served in...

Blow to consumers as Nepra approves Rs7 per unit hike for March | Maqvi News

State-owned discos to bill fuel adjustment charges with tariff increase applying on all categories Tariff increase to apply to all categories except e-vehicle stations.Masses to bear burden of around Rs56 billion, Rs 66 billion with GST.Experts express concern over increase in fuel cost of Rs14.62/kWh. ISLAMABAD: In a blow to the inflation-weary masses, the National Electric Power Regulatory Authority (Nepra) has...

Pak-Iran gas pipeline project gets go-ahead by caretaker cabinet | Maqvi News

Out of total length, 1150 kilometres of pipeline will be laid inside Iran and remaining in Pakistan up to Gwadar Pipeline project has been facing delays in completion since 2014.On Feb 23, federal cabinet approved summary through circulation.1931-kilometers-long gas pipeline project will complete in one year.ISLAMABAD: The caretaker federal cabinet committee has approved the Pak-Iran gas pipeline project with plans to complete...

Beautywise raises Rs 6.5 crore in seed funding round led by AC Ventures, others | Maqvi News

Beautywise, a beauty and wellness brand has secured Rs 6.5 crore ($7,84,229) in its first funding round led by AC Ventures.Fluid Ventures, Real Time Angel Fund, GSF, Associated Capsule Group, Letsventure Angel Fund along with several angel investors also participated in the funding round.Beautywise will use the funds to diversify its product portfolio by launching new products, team...

PML-N asks FBR to devise roadmap to raise tax-to-GDP ratio by 13.5% | Maqvi News

FBR has been asked to come up with digitisation of economy, utilising IT to bring potential sectors into tax net, say sources FBR high-ups brief PML-N leadership. PML-N seeks increase in tax net over next 5 years.Digital economy to be focus of upcoming govt.  ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N), the main ruling party of the coalition of the expected next government,...

Shein considers London IPO amid US resistance to listing | Maqvi News

By Bloomberg Published Feb 27, 2024 Fast-fashion company Shein is considering the possibility of switching its initial public offering to London from New York because of hurdles to the listing in the US, according to people with knowledge of the matter.Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option...

New Balance announces sales of over $6.5 billion | Maqvi News

It's true that the 550 model and other New Balance standouts such as the 2002R, 530 and 574 have become increasingly popular in recent seasons. But at a time when the giants Nike and Adidas are facing difficult times, the American sports and lifestyle brand has surprised everyone with a record year in 2023.https://www.youtube.com/watch?v=UuMBro2RN0sThe CEO of the independent...

GECF was established under exceptional circumstances: Al-Attiyah | Maqvi News

HE Abdullah bin Hamad al-Attiyah, Former Deputy Prime Minister and Minister of Energy and Industry and Chairman of Abdullah bin Hamad Al Attiyah International Foundation for Energy and Sustainable Development, said that the establishment of the Gas Exporting Countries Forum (GECF) took place under exceptional circumstances experienced by the global energy industry.In an interview with Qatar News Agency...

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