Business
Elon Musk jokes about buying Coca-Cola and McDonald’s
Following his successful $44 billion bid to buy Twitter Inc., Elon Musk took to the platform to joke about a new potential takeover target — Coca-Cola and McDonalds.
“Next I’m buying Coca-Cola to put the cocaine back in,” he tweeted, referring to the drink’s original recipe when it was launched in 1886 as a tonic for various ailments, and “McDonald’s to fix ice-cream machines,” Bloomberg reported.
But the soft drinks’ company makes Twitter look like small-fry, with its market cap of $284 billion.
Musk’s own fortune currently stands at $253 billion — way ahead of his nearest rival Jeff Bezos, who’s currently worth $162 billion.
Still, it could be best not to write off the man who created the world’s biggest electric car company from scratch and is potentially on his way to putting people on Mars. He first joked about buying Twitter in 2017 in an exchange on the platform with comedian Dave Smith, Bloomberg reported.
Business
Pakistan’s kinno exports falter as tensions with Afghanistan continue
Pakistan’s kinno exports remain far below potential as regional tensions, high freight costs and weak government support continue to choke the citrus trade.
Despite being a leading global citrus producer, Pakistan is expected to export just 400,000–450,000 tonnes of kinno in the 2025–26 season, compared with an estimated capacity of 700,000–800,000 tonnes.
Exports in 2024–25 stood at around 350,000–400,000 tonnes, mainly to Russia, the UAE, Saudi Arabia, Afghanistan, Indonesia and Central Asia. While better fruit quality this season has raised hopes, persistent crossing disruptions—especially with Afghanistan—and transport bottlenecks have offset gains.
Growers say prices have collapsed sharply, forcing panic sales. Rates for large kinno have fallen from over Rs120 per kg early in the season to as low as Rs75, while smaller fruit is selling for Rs35–40 per kg amid weak demand.
Industry leaders warn the crisis is crippling processing units and jobs. More than 100 factories reportedly failed to open this season, with dozens more shutting down as exports stall. Cold storages in Sargodha are nearly full, putting fruit worth millions of dollars at risk of spoilage, while growers fear losses of up to Rs10 billion.
Exporters are urging the government to urgently resolve issues, subsidise logistics, and help access alternative markets, warning that prolonged inaction could devastate farmers, workers and the wider economy.
Business
Pezeshkian pledges to facilitate Iran-Afghanistan trade
Iranian President Masoud Pezeshkian has said that Tehran will facilitate trade and economic exchanges with Afghanistan, including easing procedures at customs and local marketplaces.
He made the remarks during a televised interview following his visit to South Khorasan province, which shares a border with Afghanistan.
Pezeshkian, in a separate event addressing local business leaders, highlighted the province’s strategic advantages, citing its rich mineral resources, proximity to neighboring countries such as Afghanistan and Pakistan, and access to the ocean via the Chabahar port. He described the region as “a golden opportunity not found everywhere,” emphasizing its potential for economic growth and cross-border commerce.
Business
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