ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a detailed meeting with Canadian High Commissioner Tarik Ali Khan at the Ministry of Commerce, focusing on expanding bilateral cooperation in trade, investment, mining, agriculture, energy and emerging sectors. Coordinator to the Prime Minister for Commerce Rana Ihsaan Afzal Khan was also present. During the meeting,…
State Bank of Pakistan. Photo: File KARACHI: Small traders and businessmen of Hyderabad have denounced the “unjustified and indefinite holding of funds in business accounts”, saying it causes financial difficulties and cash flow problems. In that regard, Hyderabad Chamber of Small Traders & Small Industry Vice President Shan Sehgal met State Bank Hyderabad Assistant Manager…
Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Big Food is slimming down. As both consumers and regulators push back against ultra-processed foods, the companies that make them have been splitting…
KARACHI: Gold and silver prices recorded a further decline in international and domestic markets on Saturday, reflecting a sharp downturn in bullion rates. In the international bullion market, gold prices fell by $255 per ounce to $4,895. The decline was mirrored in the local market, where the price of gold per tola dropped by Rs25,500…
Moviegoers will find a wealth of familiar franchises on the big screen this year. It may not be enough to save the box office. New entrants from popular film series dominate the movie slate in the next 12 months. The 2026 schedule features releases from Star Wars, Marvel, DC Comics, Toy Story, Super Mario Bros.,…
Eli Lilly CEO Dave Ricks on Friday said upcoming Medicare coverage of obesity drugs could be a major catalyst for the rollout of the company’s closely watched experimental weight loss pill, orforglipron. In an exclusive interview with CNBC, Ricks said Lilly expects to have Medicare coverage for the treatment “immediately following that launch, and that…
A 2025 Ford Lightning electric vehicle (EV) at a Ford dealership in Antioch, California, US, on Thursday, Dec. 18, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT — Ford Motor said it will report pretax charges of $600 million in its fourth-quarter results due to adjustments in its employee pension plans and other…
Lilly Chair and CEO Dave Ricks speaks during a press conference for Eli Lilly and Company in Houston, Texas, U.S., Sept. 23, 2025. Antranik Tavitian | Reuters Eli Lilly on Friday said it will spend more than $3.5 billion to build a manufacturing plant in Lehigh Valley, Pennsylvania, that will help make its next-generation obesity…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. A new “blue wave” of tax hikes on the wealthy is rippling through state legislatures, as Virginia, Washington state, Rhode Island and others…
A General Motors Co. Chevrolet Blazer electric vehicle at a dealership in Colma, California, Jan. 23, 2026. David Paul Morris | Bloomberg | Getty Images DETROIT — American consumers are hitting a fork in the road when it comes to the U.S. automotive industry. Affluent buyers are purchasing new vehicles at increasingly higher prices, while…