Business Archives - Page 11 of 35

Pakistan’s Donkey Population Grows to 5.9 Million in 2023-24

12Jun

By Aqsa AzamNo Comments

Business, Pakistan

Pakistan’s Donkey Population Grows to 5.9 Million in 2023-24

According to recent economic surveys, Pakistan has steadily risen in donkey population. Figures show a jump to 5.9 million donkeys, an increase from just a few years ago. This increase is attributed to the donkeys' role as "beasts of burden," mainly in rural areas. Pakistan's donkey population has risen by 1.72% to 5.9 million in the fiscal year 2023-24, according to the Pakistan Economic Survey (PES) 2023-24. This increase highlights the growing importance of donkeys, especially in rural areas where they are essential for the economy. The PES, launched by Finance Minister Muhammad Aurangzeb, shows a steady increase in donkey numbers over the past few years. However, the populations of horses and mules have remained unchanged at 0.4 million and 0.2 million, respectively, for the las...

SBP Lowers Key Rate by 150bps to 20.5% as Inflation Eases

10Jun

By Aqsa AzamNo Comments

Business

SBP Lowers Key Rate by 150bps to 20.5% as Inflation Eases

The State Bank of Pakistan (SBP) recently cut its key interest rate by 150 basis points (bps) to 20.5%. This decision comes after Pakistan's inflation slowed to a 30-month low of 11.8% in May. However, close inflation monitoring is crucial to ensure it doesn't resurge due to the increased money circulation. The State Bank of Pakistan (SBP) has reduced its key interest rate by 150 basis points, bringing it down to 20.5%. This decision, the first rate cut in nearly four years, aims to boost economic growth following a significant drop in inflation. This announcement comes just days before the budget presentation and shortly after data revealed that inflation had dropped to 11.8% in May, the lowest in 30 months. The Monetary Policy Committee (MPC) highlighted that the decline in inflat...

Dr. Helen Mary Became the First Christian Woman Brigadier

4Jun

By Aqsa AzamNo Comments

Business

Dr. Helen Mary Became the First Christian Woman Brigadier

Dr. Helen Mary Roberts recently made history by becoming the first woman from the Christian minority community to be promoted to brigadier in the Pakistan Army. She is a pathologist serving in the Pakistan Army Medical Corps and has dedicated 26 years to her service. This is a significant achievement for Pakistan, highlighting progress towards inclusivity within the military. Dr. Helen Mary Robert has become a trailblazer in the Pakistan Army. She has achieved the rank of brigadier and became the first Christian woman to do so. Moreover, Dr. Mary, a dedicated pathologist in the Army Medical Corps for 26 years, has broken barriers and inspired many. The Inter-Services Public Relations (ISPR) lauded her achievement. The official states, “Colonel Dr. Helen Mary is a living example of m...

Mystery Of How The Egyptians Built The Pyramids…Solved?

17May

By Aqsa AzamNo Comments

Business

Mystery Of How The Egyptians Built The Pyramids…Solved?

For a long time, people have wondered how the Egyptians built the giant pyramids. Now, scientists may have finally figured it out! They believe the Egyptians built giant slanting paths, like ramps, out of dirt and bricks. They then dragged the enormous stones up these ramps using sleds, rollers, and big sticks to help them lift the stones. However, Scientists are still researching this finding. Scientists have made a groundbreaking discovery that could solve one of history's greatest mysteries: how the ancient Egyptians built the pyramids. Using radar satellite imagery, researchers from the University of North Carolina Wilmington have mapped a hidden 64-kilometer-long branch of the Nile River. Moreover. this ancient river, now buried under desert sands and farmland, once flowed alongs...

Aramco Rakes in Record Profit, Surpassing Tech Giants Combined

9May

By Aqsa Azam1 Comment

Business, Global

Aramco Rakes in Record Profit, Surpassing Tech Giants Combined

Saudi Aramco, the state-owned oil giant of Saudi Arabia, reported a staggering $121 billion in profit for 2023. This figure marks the company's second-highest profit ever. It sees more profit than Meta, NVidia, Amazon, and Tesla combined. Saudi Aramco, the giant oil company, wrapped up 2023 with a jaw-dropping $121.3 billion profit, securing its position as the global profit leader among publicly listed companies. To give you an idea of how massive that is, think about the combined profits of four big Wall Street players: Meta ($39 billion), Amazon.com ($30 billion), NVIDIA Corporation ($30 billion), and Tesla ($15 billion). Altogether, they made $114 billion - still $7 billion less than Saudi Aramco alone! Even tech titans like Apple and Warren Buffet's Berkshire Hathaway, with $9...