Business
Business
Sanofi Acquires Blueprint Medicines for $9.5B
On June 2, 2025, French pharmaceutical giant Sanofi announced its acquisition of U.S.-based Blueprint Medicines for up to $9.5 billion,…
Pakistan Raises Petrol Price by Rs 1 to Rs 253.63 Per Litre, Diesel Unchanged
On May 31, 2025, the government of Pakistan announced an increase of Rs 1 per litre in petrol prices, raising…
SBP Clarifies Crypto Stance, Announces Strategic Bitcoin Reserve
The State Bank of Pakistan (SBP) clarified that its 2018 advisory did not deem cryptocurrencies illegal but advised regulated entities…
Couche-Tard Bids to Acquire 7-Eleven, Eyes Global Convenience Store Dominance
In a historic move, Canadian company Couche-Tard, owner of Circle K, has launched an unsolicited bid to acquire Seven &…
Pakistan Stock Exchange Soars 600+ Points as Bulls Drive KSE-100 Higher
On Thursday, May 29, 2025, the Pakistan Stock Exchange (PSX) experienced a significant bullish surge. The KSE-100 index rose by…
Nvidia Shares Up 5%, Revenue Hits $44.1B
Nvidia reported stellar first-quarter results for fiscal 2026, with shares climbing nearly 5% in after-hours trading on Wednesday, May 28,…
e.l.f. Beauty Acquires Hailey Bieber’s Rhode Skincare for $1 Billion
On May 28, 2025, e.l.f. Beauty announced its $1 billion acquisition of Hailey Bieber’s Rhode skincare brand, marking its largest…
SBP Buys $5.9B to Boost Reserves to $11.5B, Targets $14B in FY25
The State Bank of Pakistan (SBP) reported that it had purchased $5.9 billion from the currency market since June 2024.…
Gold Prices Drop to Rs347,900 per Tola, PSX KSE-100 Gains 111 Points
On May 27, 2025, gold prices in Pakistan continued to decline for the second consecutive day, reflecting decreases in the…