Category: Business

PAKISTAN’s shipping industry is facing severe challenges on multiple fronts. In addition to unfavourable market conditions, we also have had to grapple with our own shambolic shipping history. Pakistan’s shipping industry has devolved to a point where there is only a single, government-owned, shipping company active in the market. Much of the misfortune which has […]

ISLAMABAD: Health advocates have urged the government to implement the recommendations of the Special Committee on Causes of Decline in Tax Collection of Tobacco Sector without delay. They have said the implementation of the recommendations will not only increase the revenue of the country, it will also save the youth of Pakistan from many diseases, […]

RAWALPINDI: The Punjab Agriculture Department installed drip irrigation system to cover 333 acres agriculture land in the Rawalpindi district during the current financial year. According to a spokesman, the drip irrigation system had 90 to 95 per cent efficiency and sprinkler irrigation system saved 60 to 70pc water as compared to the traditional irrigation system. […]

After building the world’s biggest and most powerful social network in history, Mark Zuckerberg says the future of Facebook is something else. The strategic shift announced this week by Zuckerberg suggests Facebook no longer wants to be a “digital town square,” but a “digital living room” for secure, private communications, in what could be a major transformation […]

MUZAFFARABAD: Intra-Kashmir trade through Chakothi-Uri crossing point has been suspended for at least two weeks for repair of a bridge over a water channel that serves as the Line of Control (LoC) in parts of Chakothi ­sector. Damage to the bridge on the India-held side was spotted on Wednesday (March 6), but trade continued on […]

The security environment is uncertain. In the best-case scenario, Pakistan-India relations will normalise. But no one knows how long the process may take. In a bad-case scenario, both countries might witness slight to intense movements on the war escalation ladder. Projecting the worst-case scenario is an insane exercise. In this situation, Pakistan’s external account management […]

China’s efforts to tighten oversight of its $20 trillion-plus wealth management industry are spurring foreign banks to speed up plans to enter the local market or expand there, six people involved in the discussions said. China’s wealth-management industry is the fastest-growing in the world but has historically been linked to the sale of high-risk, illiquid […]

ISLAMABAD: A high-level business delegation, led by Adviser to the Prime Minister on Commerce and Investment Razak Dawood and Chairman Board of Investment (BoI) Haroon Sharif, will attend the Pakistan-Qatar Investment Forum on Sunday in Doha. An official statement said the event is being organised by BoI in collaboration with Qatar Finance Centre and Pakistan […]

KARACHI: Fifteen leading Pakistani women professionals rang the bell on Friday at the Pakistan Stock Exchange (PSX) in a ceremony held to promote leadership and gender balance in the country’s business sector. The PSX, Women on Board (WOB) Pakistan, International Finance Corporation (IFC) and Pakistan Business Council (PBC) shared the bell ringing for gender diversity. […]

NEW DEHLI: India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, two sources in India with knowledge of the matter said. India has reduced its purchases of Iranian oil, but has […]