Business News
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How did 22m US millionaires become rich? This man breaks their success code into 5 vitals
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[ad_1] These 5 things are secret sauce for 22 million American millionaires. — Representational image from Unsplash. Do you ever wonder what sets millionaires apart from the rest of us? It turns out that being a millionaire might not be as…
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Sam Bankman-Fried says sorry before being sentenced to 25 years in crypto fraud case
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[ad_1] Sam Bankman-Fried Sentenced to 25 Years in Federal Prison for $8 Billion Fraud. — Sam Bankman-Fried. (AFP File) Sam Bankman-Fried, a former big shot in the world of cryptocurrencies, has been sentenced 25 years in US federal prison for…
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Power tariff hike of Rs2.75 per unit approved
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[ad_1] A FESCO worker fixes a line on an electric pole on December 19, 2022. — APP ISLAMABAD: Putting an additional burden of Rs85.2 billion on consumers, the National Electric Power Regulatory Authority (Nepra) has okayed a hike of Rs2.75…
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Tax exemptions of Rs50b defy IMF | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has granted a Rs50 billion annual income tax exemption to two government departments, violating the International Monetary Fund (IMF) programme and its own tax law. This decision faced resistance from tax authorities despite being approved through two…
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Global M&A picks up in Q1 | The Express Tribune
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[ad_1] NEWYORK: Mergers and Acquisitions (M&A) bounced back in the first quarter after a downbeat 2023, thanks to the return of mega deals, cheering investment bankers and lawyers waiting for a pick-up. Total M&A volumes globally climbed 30% to about…
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Bankman-Fried sentenced to 25 years for FTX fraud | The Express Tribune
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[ad_1] Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall. US…
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PSX’s benchmark KSE-100 index hits new all-time high of 67,142 points
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[ad_1] A stock broker watches share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks hit an all-time high on Thursday, surging by 0.89%, or 594.34 points, to settle…
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Pakistan Banks’ Association appoints Muneer Kamal as CEO, secretary general
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[ad_1] Newly-appointed Pakistan Banks’ Association (PBA) CEO and Secretary General Muneer Kamal. —PBA/File KARACHI: The Pakistan Banks’ Association (PBA) Executive Committee has unanimously selected Muneer Kamal as the chief executive officer (CEO) and secretary general of the association, after retirement…
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PSX hits all-time high, crosses 67,200 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit an all-time high of 67,246 points before mid-day on Thursday after registering a 1% increase, maintaining its record-breaking spree on the second consecutive working day. The market reached a new high after the…
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PIA Holding Company approves Rs268b debt restructuring | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan International Airline Holding Company board on Wednesday approved the restructuring of the airline’s Rs268 billion commercial debt, incorporating it into the public debt. The term sheet was finalised by the Ministry of Finance with commercial banks….
