Business Archives - Page 6 of 35

2Sep

By Aqsa AzamNo Comments

Business

Is Adele Leaving Music for Good?

Adele has announced that she will be taking an indefinite break from music following the conclusion of her Las Vegas residency. The news was shared during a recent performance in Germany. Moreover, she expressed her gratitude to her fans and revealed her plans to step away from the spotlight. Adele is the beloved British singer known for her powerful voice and heartfelt ballads. She just announced that she will be taking an indefinite break from music. During a recent performance in Germany, the 36-year-old star revealed her plans to step away from the spotlight after completing her Las Vegas residency this November. On August 31, while addressing her fans in Munich, Adele shared the emotional news. "I have 10 shows left, but after that, you won't see me for an incredibly long time"...

Pakistan’s Inflation Hits 34-Month Low in August

2Sep

By Aqsa AzamNo Comments

Business, Pakistan

Pakistan’s Inflation Hits 34-Month Low in August

The Pakistan's inflation rate has reached a 34-month low in August. The consumer price index (CPI) increased by 9.6% in August compared to the previous year. This is a significant improvement from the previous month's inflation rate of 11.1%. In a positive turn for the country's economy, Pakistan's inflation rate has dropped to its lowest level in nearly three years. According to the latest data from the Pakistan Bureau of Statistics (PBS), inflation fell to 9.6% in August 2024. It is a significant decrease from 11.1% in July and a remarkable drop from 27.4% in August of last year. This marks the first time since October 2021 that Pakistan’s inflation has dipped into single digits, providing some relief to citizens who have faced soaring prices in recent years. The monthly rise in t...

From Karachi to Paris: The Sweet Success of Lals Chocolates

2Sep

By Aqsa AzamNo Comments

Business, Pakistan

From Karachi to Paris: The Sweet Success of Lals Chocolates

Pakistani chocolatier, Lals Chocolates, won the prestigious Pastry Discovery Gem Award at the La Liste Awards in Paris. This international recognition highlights the exceptional craftsmanship and innovative flavours that have made Lals Chocolates a standout in the culinary world. The story of Lals Chocolates, a beloved dessert brand from Pakistan, is one of passion, innovation, and sweet success. Founded by Lal Majid, lovingly known as Lal Auntie, and her daughter, Madiha Sultan Tai, the CEO of Lals, this mother-daughter duo has transformed the desert landscape in Pakistan. Moreover, they introduced global flavours and high-quality chocolates to a market that traditionally favoured sweets like halwa and mithai. Their hard work and dedication recently earned them the prestigious ‘Pas...

Snow Leopard Skins Seller Arrested in Punjab

30Aug

By Aqsa AzamNo Comments

Business, Pakistan

Snow Leopard Skins Seller Arrested in Punjab

The Punjab Wildlife Department (PWD) recently conducted a raid in Lahore, leading to the arrest of a man involved in the illegal trade of snow leopard skins. The skin of a snow leopard is highly prized in the international market, with an estimated value of around $20,000. In Lahore, the Punjab Wildlife Department successfully arrested a man who had illegally sold snow leopard skins. The arrest came after a raid in a private housing society, where authorities discovered the rare skin. Meanwhile, a single skin is valued at approximately $20,000 (around PKR 5.6 million) on the international market. According to the spokesperson, the suspect was part of a group using social media platforms to sell rare and expensive wildlife skins, putting endangered species like snow leopards at great...

Moody’s upgrades Pakistan’s ratings ‘Caa2’

28Aug

By Aqsa AzamNo Comments

Business

Moody’s upgrades Pakistan’s ratings ‘Caa2’

Moody's Investors Service has upgraded Pakistan's local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3. This is a significant development for Pakistan, as it indicates improved macroeconomic conditions and a reduction in default risk. Moody's Investors Service has upgraded Pakistan's credit rating from "Caa3" to "Caa2," with a positive outlook. This means that Pakistan's financial situation has improved somewhat, though challenges remain. The upgrade in Pakistan's ratings reflects better economic conditions, improved government liquidity, and more stable external financing. Accordingly, Pakistan's default risk has reduced to a level consistent with a Caa2 rating, as per Moody’s. “There is now greater certainty on Pakistan's sources of external financ...