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Reuters
Jan 13, 2025

Bill Ackman proposes merger between Howard Hughes, Pershing unit

Ackman says, through this deal the real estate company could become a modern-day Berkshire Hathaway.

Business

Web Desk
Jan 13, 2025

Govt enabling private sector to lead Pakistan toward progress: Aurangzeb

Aurangzeb also emphasized the significance of learning from Hong Kong as a leading financial center, particularly in the use of AI and blockchain technology.

Business

Web Desk Karachi
Jan 13, 2025

Abu Dhabi’s ADQ offers to buy Aramex at $1.2 billion valuation: Bloomberg

ADQ, through its subsidiary Q Logistics Holding LLC, proposed to buy all the Aramex shares that aren’t owned by Abu Dhabi Ports, which is also controlled by the sovereign wealth fun and has a 22.69 percent stake in the delivery company.

Business

Web Desk
Jan 13, 2025

Intraday trade: PKR gains 3 paisa against USD

The Pakistani rupee (PKR) recorded a slight improvement against the US dollar (USD), appreciating by 0.01 per cent in the interbank market during the initial trading hours on Monday.

Business

Reuters
Jan 13, 2025

Lufthansa CEO expects Italy’s ITA to boost profits by hundreds of millions

The German airline is set to acquire 41 percent of ITA, the successor airline to bankrupt Alitalia, for 325 million euros ($335 million) on January 13.

Business

Reuters
Jan 13, 2025

Porsche’s 2024 China sales fall by 28%

Porsche, majority-owned by Volkswagen (VOWG_p.DE) sold 56,887 vehicles in 2024 in China, versus 79,283 in 2023.

Business

Reuters
Jan 13, 2025

GSK to buy US biotech firm IDRx for up to $1.15 billion

The acquisition is expected to enhance GSK’s portfolio in gastrointestinal cancers.

Business

Web Desk Karachi
Jan 13, 2025

Pakistan makes progress on first Panda bonds: Bloomberg

The country is planning to raise $200 million to $250 million from Chinese investors over the next six to nine months,

Business

Web Desk Karachi
Jan 13, 2025

Dubai’s world-beating property rally shows signs of strain, reports Bloomberg

Though builders claim breaking ground on homes and selling out within days and hours, Emaar Properties PJCS are starting to see the need for more caution.

Business

Web Desk
Jan 13, 2025

PSX starts week on positive note as KSE-100 rises by 800 points

The Pakistan Stock Exchange (PSX) started the first trading day of the week on a positive note, with the benchmark KSE-100 index gaining 651.51 points to reach 113,898.8 at around 9:33 AM on Monday.