Warren Buffett, the 94-year-old billionaire known as the "Oracle of Omaha," has announced he will step down as CEO of Berkshire Hathaway by the end of 2025. His successor, Greg Abel, will take over the $1 trillion company. Buffett made the surprise announcement at Berkshire’s annual shareholder meeting, saying, "I think the time has arrived where Greg should become the chief executive." This marks...
Meezan Bank (PSX: MEBL), Pakistan’s largest Islamic bank, has reported a profit after tax (PAT) of PKR 22 billion for the first quarter of 2025 (Q1 CY25). However, earnings declined by 11% compared to last year, mainly due to lower interest income and higher expenses. Despite the drop, the bank announced a cash dividend of PKR 7 per share, offering some relief to shareholders. Let’s break down the...
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