Technology companies continue to hold most of the top spots in the annual Management Top 250 ranking of America’s best-run companies, with Apple unseating Microsoft at No. 1. The Management Top 250 ranking compares companies using the late management guru Peter Drucker’s principles to identify the most effectively managed businesses. This year, 842 companies were graded in five categories (custome
Former Senate chairman Raza Rabbani on Monday condemned the formation of an eight-member committee for the revision of existing or grant of new allowances to government servants, calling it “double standards on the part of the finance minister”. Despite a shortfall in revenue collection, the government has started working on offering lucrative allowances to its employees, in addition to a salar
The Federal Board of Revenue (FBR) said on Monday that the Faceless Customs Assessment System (FCAM) cleared 4,000 consignments since its launch. The board said the FCAM, operating through its centralised appraising unit at South Asia Pakistan Terminal, Karachi, has drastically reduced the need for additional documentation and examination calls. With this digital reform rolled out at one of
While local mobile manufacturing declined in November, the companies were optimistic about a robust new year. According to the Pakistan Telecommunication Authority data, local mobile production fell 8 per cent year-on-year to 2.31 million units and 35pc month-on-month in November. The local firms produced 3.53m units in October, marking the highest production after seven months. At the same
Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan’s auto industry that underlines the threat Chinese EV makers now pose to the world’s long-dominant legacy car makers. The tie-up would create the world’s third-largest auto group by vehicle sales after Toyota and Volkswagen . It would also give the two companies scale and a chance to share resourc