The industrial sector in Karachi was significantly impacted on Wednesday as heavy rains and flooding paralysed key industrial areas. According to industry leaders, industrial output remained subdued as workers failed to report for duty due to safety concerns and transportation issues. Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), stated that near
When Audi executives first saw the Zeekr 001 in 2021, a long-range electric vehicle with European aesthetics, it was a wake-up call for the premium German auto brand — if it wanted to compete with the Chinese, it needed their technology. “The Zeekr 001 back then shocked quite everyone,” said Stefan Poetzl, president of SAIC Audi Sales and Marketing. “We needed to do something about it.” To b
Pakistan has entered this year’s flood season with more substantial economic buffers than it had before the 2022-23 floods, but the country’s improved macroeconomic situation comes with new constraints, according to a `targeted analysis’ carried out by the Famine Early Warning Systems (FEWS) Network. The analysis expects that the 2025 floods will primarily drive short-term, localised, food ins
Senators on Wednesday called for the abolition of ‘conflict of interest’ clauses in the laws regulating the State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP), which allow their top brass to set their own salaries and benefits without government approval. At a meeting of the Senate Standing Committee on Finance and Revenue, chaired by Saleem Mandviwalla,
The government is committed to transforming small and medium enterprises (SMEs) into drivers of sustainable growth and key players in the ongoing industrial revolution, said Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan on Wednesday. He made these remarks during the first virtual conference of the D-8 Organisation for Economic Cooperation, which brought