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“Peanut butter” pay raises are out, as employers shift to merit-based hikes

More companies are moving away from broad “peanut butter”-style pay raises for workers in favor of merit-based and other kinds of compensation sweeteners for top employees, according to new insights from Payscale. The trend toward rewarding strong individual performers within a business marks a shift away from companies spreading pay hikes evenly across their workforces. Just…

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SBP caps bank charges on digital sales of petroleum products to minimise burden on fuel stations – Business

ISLAMABAD: Following demands from petroleum dealers, the State Bank of Pakistan (SBP) has capped bank charges on sales of petroleum products through digital payment methods — including debit and credit cards and online transfers — to minimise the financial burden on fuel stations and promote digital inclusion. Under the decision, merchant discount rates (MDR) for…

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8/2: Sunday Morning

Jane Pauley hosts our annual “Money Issue.” Featured: Obstacles to home ownership; fighting health insurance denials; Chinese EVs; opposition to AI data centers; American Girl dolls; skin care mogul Scarlett Johansson; roller coasters; the popularity of Bingo!; and is your phone eavesdropping on you? Source link

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Pakistan, Iran reaffirm resolve to expand bilateral trade to $10bn – Business

ISLAMABAD: Pakistan and Iran on Tuesday reiterated their resolve to expand bilateral trade to $10 billion, with Commerce Minister Jam calling for transforming “historic brotherly relations” with Iran into a robust economic partnership. Since March this year, both countries have rolled out a series of measures to facilitate border trade, including easing customs procedures, formalising…

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PCB appoints South Africa’s Michael Smith as batting coach for Pakistan men’s cricket team – Sport

Former South African cricketer Michael Smith has been appointed as the batting coach of the Pakistan men’s cricket team for two years, the Pakistan Cricket Board (PCB) announced on Tuesday. According to a press release issued by the PCB, the “46-year-old will work with the team across both red-ball and white-ball formats”. He will join…

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Iran expresses interest in expanding economic cooperation with Pakistan through Karachi, Gwadar ports – Business

Iran expressed interest in expanding trade and economic cooperation with Pakistan through the ports of Karachi and Gwadar on Tuesday, as a delegation from Tehran held a meeting with a business team from Pakistan in Islamabad, state broadcaster Radio Pakistan reported. The Radio Pakistan report said Iranian Industry, Mine and Trade Minister Mohammad Atabak led…

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