Saudi Aramco and the Chinese electric vehicle giant BYD announced on Monday an agreement to work together on what they called new-energy vehicle technologies. The Saudi oil giant is already a partner with Renault of France and the Chinese automaker Geely in a joint venture to produce thermal engines. Its subsidiary Saudi Aramco Technologies Company is now teaming up with the Chinese EV an
While expressing concern over the rise in complaints against digital and electronic platforms, Banking Mohtasib Pakistan (BMP) Sirajuddin Aziz disclosed that his institution provided relief of Rs1.65 billion to banking customers on Monday. He said the growth in mobile and digital applications has led to increased incidents of fraud. “During calendar year 2024, a major increase was seen in compl
Finance Minister Muhammad Aurangzeb met the heads of the IMF and World Bank on Monday to kick off a series of high-level consultations in Washington. Mr Aurangzeb is in the US capital to attend the 2025 Spring Meetings of the IMF and the World Bank Group, which brought together finance ministers and central bank governors from 191 countries to address global challenges such as sovereign debt,
After experiencing significant losses in the preceding week due to global uncertainty stemming from the tariff impositions by the US against its trade partners, the Pakistan Stock Exchange (PSX) began its recovery thanks to positive economic developments in the outgoing week. Concerns about global trade eased, helping global equities rally and reduce losses as US President Donald Trump signalle
ON the morning of April 5, 2025, traders at the New York Stock Exchange were glued to their screens as Apple’s stock nosedived nearly five per cent in an hour. Tesla had already fallen 7pc the day before, and Meta, Microsoft, and Alphabet were not far behind. In just three days, nearly $2 trillion in market value was wiped from America’s largest tech firms. The crash wasn’t triggered by a pr