The oil crisis in the country may deepen as the industry faces possible collapse due to claims of Rs180 billion on account of the Sindh Infrastructure Development Cess (SIDC) imposed by the Sindh government on petroleum product imports. The Sindh government on Tuesday released one oil cargo of Pakistan State Oil (PSO) that had been stuck at port over the SIDC issue. Now, the provincial governme
Aqib Mehmood, an entrepreneur connected to the world by a government agency to enhance the nation's exports, has now made Indonesia his base for conducting business, aiming to overcome Pakistan's image problem, which was leading to exploitation by foreign buyers. Mehmood, a business partner at a small enterprise, Masairr, was a student of business studies nine years ago at the Institute of Busi
Asian stocks fell for a second day on Thursday as lacklustre earnings reports from tech mega cap stocks deepened a selloff on Wall Street, while U.S. sanctions against Russia and China revived fears around geopolitics. Oil prices surged. MSCI’s broadest index of Asia-Pacific shares outside Japan was last off 0.3%, while Japan’s Nikkei 225 sank 1.5%. Chinese stocks declined 0.4% in Hong Kong
Senior representatives from the State Bank of Pakistan (SBP) and commercial banks have underscored the need for deeper collaboration between regulators, banks, and technology partners to accelerate Islamic and digital banking transformation in Pakistan. Speaking at “NextGen Islamic Banking in Pakistan – 2025,” an exclusive forum hosted by TMC Pvt. Ltd. and Azentio Software in Karachi, they call
The Trade Development Authority of Pakistan (TDAP) successfully organised a seminar on “Technical Textiles & Application of Industry 4.0”, gathering industry leaders, academia, and innovators to discuss Pakistan’s potential in advancing towards high-value textile production and smart manufacturing. Basit Rauf, Director General (Textile Division), TDAP, opened the session by highlighting that te