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Business
IMF Imposes 11 New Conditions on Pakistan for 2025-26 Budget, Cites India Tensions
On May 17, 2025, the International Monetary Fund (IMF) outlined 11 new conditions for Pakistan’s $7 billion loan under the…
Novo Nordisk CEO Lars Jørgensen to Step Down
Novo Nordisk announced that CEO Lars Fruergaard Jørgensen will step down after eight years. The Danish pharmaceutical giant faces fierce…
Pakistan’s 2025-26 Budget: Rs20 Trillion Outlay Set for June 2
Pakistan’s federal government will present a Rs20 trillion budget for fiscal year 2025-26 in Parliament on June 2, 2025. Officials…
Gold Prices in Pakistan Surge to Rs336,100 per Tola, Track Global Rise
As reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold prices in Pakistan increased on May 16, 2025.…
Pakistan’s Forex Reserves Reach $15.61 Billion, Gold Prices Drop
As of May 9, 2025, Pakistan’s total foreign exchange reserves reached $15.61 billion, according to the State Bank of Pakistan…
Burberry to Cut 1,700 Jobs Globally in Cost-Cutting Brand Reset Strategy
Burberry, the British luxury brand, announced on May 14, 2025, plans to cut approximately 1,700 jobs, nearly 20% of its…
UnitedHealth CEO Andrew Witty Steps Down, Stephen Hemsley Returns
UnitedHealth Group announced on May 13, 2025, that CEO Andrew Witty is stepping down for unspecified “personal reasons,” with former…
Pakistan Stock Exchange Soars Past 120,000 as Ceasefire and IMF Boost Confidence
The Pakistan Stock Exchange (PSX) extended its bullish run on May 13, 2025. The KSE-100 Index exceeded 120,000 points during…
Pakistan’s Federal Debt Surges 12.7% to Rs73.69 Trillion, SBP Reports
The State Bank of Pakistan (SBP) reported a record 12.7% year-on-year increase in federal government debt, reaching Rs73.69 trillion in…