The acting US Ambassador to Pakistan, Natalie Baker, has urged American companies to invest in and expand their operations in Pakistan. Ms Baker praised the government’s efforts under Prime Minister Shehbaz Sharif to reform the economy and create a more investor-friendly environment. She also emphasised Pakistan’s strategic advantages, including its large consumer market, competitive labour cos
A parliamentary committee on Tuesday warned officials of the Ministry of Information Technology that a privilege motion could be moved against them after they refused to disclose the names of board members of state-owned telecom entities. The warning was issued by Senator Palwasha Khan, chairperson of the Senate Standing Committee on IT and Telecom, after the special IT secretary declined to sh
Despite warnings of super floods in Sindh following devastating monsoon rains in Punjab and Khyber Pakhtunkhwa — bringing the rural economy to a halt, disrupting supply chains, and triggering a spike in perishable prices — the Pakistan Stock Exchange (PSX) extended its recovery for a second consecutive session on Monday. The market defied macroeconomic pressures as investors engaged in se
Pakistan’s merchandise exports slipped back into negative territory in August, fuelling concerns among policymakers over weakening international demand and the country’s eroding competitiveness in global markets. This marks the fourth contraction in the last five months, with July offering only a brief respite through marginal growth. The persistent decline reflects mounting pressure on the cou
Prominent business tycoon Rafiq M. Habib has passed away aged 88, Habib University (HU) said on Wednesday. Rafiq was the former head of the House of Habib conglomerate, HU’s chancellor, and a member of Stile company’s board of directors. He was also the chairman of the Habib University Foundation. “With profound sorrow, Habib University mourns the passing of its founding chancellor, Rafiq M.