Author: i2wtc

Procter & Gamble (P&G), one of the world’s largest consumer goods companies announced that it will ‘exit’ its direct manufacturing and commercial operations in Pakistan, including Gillette Pakistan Ltd, and transition to a third-party distribution model. In a statement on Thursday, the company said the decision was part of its global efforts to accelerate growth and value creation. “P&G has decided to shift our business and operating model in Pakistan and transition to a third-party distributor model to continue to serve consumers,” it said. “This means we will wind down the manufacturing and commercial activities of P&G Pakistan and Gillette…

Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas.Brandon Bell | Getty ImagesTesla reported quarterly vehicle deliveries of 497,099 for the period ended Sept. 30, which coincided with the expiration of a key tax credit for buyers of electric vehicles in the U.S.Here are the key numbers:Total deliveries Q3 2025: 497,099Total production Q3 2025: 447,450Shares climbed just over 1% following the report. Tesla plans to update investors on its third-quarter financial results on Wednesday, October 22.Deliveries were up 7% over the year prior, when the company reported 462,890 total deliveries. Tesla saw a decline…

U.S. President Donald Trump gestures as he arrives on the South Lawn of the White House in Washington, D.C., U.S., Sept. 30, 2025.Ken Cedeno | ReutersPresident Donald Trump on Thursday said Democrats have given him an “unprecedented opportunity” to slash federal agencies, signaling plans to harm his political opponents during the two-day-old government shutdown while blaming them for causing it.Trump’s warning came a day after his administration froze about $18 billion for two major infrastructure projects in New York City and canceled roughly $8 billion more for climate-related projects in Democratic-leaning states.Both of the funding halts were first announced by…

Former Jamaat-i-Islami (JI) senator Mushtaq Ahmad Khan was arrested by Israeli forces, according to a statement released by the Palestine Action Coalition of Pakistan. Senator Ahmed was leading the five-member Pakistani delegation as part of the Global Sumud Flotilla. Jamaat-i-Islami has previously voiced support for the Flotilla, with JI member Amir Hafeez Naeemur Rehman expressing solidarity with the aid ships, calling for stronger support for the Palestinian cause. 🚨 | EMERGENCY:Pakistani Delegation lead Ex Senator Mushtaq Ahmed Khan has been arrested by Zionist soldiers. pic.twitter.com/Bw5xTzahHQ — Palestine Action Coalition of Pakistan (@PalActCoalition) October 1, 2025 Israeli forces have stopped 13…

Young cheerful lady enjoying on poolside. Resting in spa hotel in pine forest in summertime. Swimming pool in tourist resort. Joyful woman on vacations, female wellbeing.Oleg Breslavtsev | Moment | Getty ImagesA 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.The ranks of the world’s ultra-wealthy continue to swell, with the number of individuals worth at least $30 million surging to 510,810 at the end of June, up 5.4% since the beginning of the year, according to a…

* Located on the border of Qinghai and Sichuan provinces, Markog River is the largest, most concentrated and highest-altitude natural forest area at the headwaters of the Dadu River, which feeds into the Yangtze River, often referred to as China’s “mother river.”* Over the past two decades, 115,000 mu (about 7,667 hectares) of afforestation has been completed and 220,000 mu (about 14,667 hectares) of existing forest has been tended in the Markog River forest area. The forest coverage rate has risen from 51 percent during the logging era to 69.58 percent.* Over the past decade, local communities have gained over…

ISLAMABAD: Asian Cricket Council chief Mohsin Naqvi, who also heads Pakistan’s cricket board, said Wednesday that India are “welcome” to collect their Asia Cup trophy from his office in Dubai. India defended their Asia Cup title by defeating Pakistan on Sunday, but refused to take the winning prize from Naqvi, who is also Pakistan’s interior minister. The Indian players instead celebrated retaining their regional crown by mimicking holding a trophy, and later skipper Suryakumar Yadav said they were denied the trophy. “As ACC President, I was ready to hand over the trophy that very day and I am still ready…

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday reaffirmed Pakistan’s commitment to raising tax collection to 11% of GDP by the end of the fiscal year, despite the Federal Board of Revenue (FBR) missing its quarterly target by Rs198 billion. Aurangzeb told reporters after a parliamentary committee meeting that negotiations with the IMF were progressing in the “right direction.” Separately, Pakistan informed the IMF that its requirement to make public the asset declarations of senior public officials — including beneficially owned assets and those held by family members — would apply only to civil servants, not the judiciary or other state institutions. “We…

Vlad Tenev, chief executive officer of Robinhood Markets Inc., during the Token2049 conference in Singapore, on Thursday, Oct. 2, 2025. Bloomberg | Bloomberg | Getty ImagesThe tokenization of real-world assets, from stocks to real estate, will spread to financial markets around the world, according to Robinhood Markets Chief Executive Officer Vlad Tenev. “Tokenization is like a freight train. It can’t be stopped, and eventually it’s going to eat the entire financial system,” Tenev told a panel at a crypto conference in Singapore on Wednesday. “I think most major markets will have some framework in the next five years,” he said, though he…

ISLAMABAD/LAHORE: Alarmed by the specter of creeping provincialism, sparked by tit-for-tat barbs over the flood response, the top leadership of the Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) huddled together on Wednesday in a bid to douse tensions and salvage coalition harmony. National Assembly Speaker Sardar Ayaz Sadiq stepped in as mediator, hosting a meeting between the two sides at his chamber to defuse tensions. In Lahore, meanwhile, PPP leader Qamar Zaman Kaira denounced Punjab Chief Minister Maryam Nawaz’s recent speeches as “inappropriate”. The criticism drew an immediate riposte from Punjab Information Minister Azma Bukhari, who accused…