How leading business school is becoming the catalyst of change with Dr. Huma Baqai, IBA
Dr.Huma Baqai from IBA explains the landscape of educational sector in Pakistan and shares her point of views on the dynamics of educational institution of Pakistan.
Oil surges after attack on Saudi oil facilities shuts in 5% of global supply
Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut over 5% of global supply. Brent crude futures, the international benchmark, rose by as much as 19.5% to $71.95 per barrel, the biggest intra-day […]
APG to file report on Pakistan’s steps against terror funding
Pakistani officials informed that the Financial Action Task Force about the progress made with regard to the implementation of its action plan to strengthen the country’s anti-money laundering and combating the financing of terrorism framework. A 15-member Pakistani delegation, headed by Minister for Economic Affairs Division Hammad Azhar, is holding talks with the FATF’s Asia-Pacific […]
International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief
The international community observed the first international day to commemorate the victims of acts of violence based on religion or belief. This is a great opportunity to raise awareness about religious intolerance, and violence and discrimination against anyone based on their religion or belief. The international day aims to honour the victims and survivors of […]
Walmart sues Tesla over solar panels that allegedly caught fire
Walmart is alleging in a lawsuit that Tesla solar panels caused fires on the roofs of seven Walmart stores, and is accusing Tesla of breach of contract, gross negligence and failure to comply with industry standards. The fires destroyed significant amounts of store merchandise and required substantial repairs, totaling hundreds of thousands of dollars in […]
LSM growth contracts for first time in 10 years
For the first time in 10 years, the growth in large-scale manufacturing (LSM) industries contracted over 3.6% in the last fiscal year ended June 2019 after almost all major sectors recorded reduction in their output, deepening concern about a protracted economic slowdown and a high unemployment rate. In June, the last month of the outgoing […]
1,320MW coal-fired Hub power plant commissioned
The government on Sunday successfully commercialized a 2 billion 1,320 MW coal-fired power plant planted by the China Power Hub Generation Company (CPHGC) under the China Pakistan Economic Transit (CPEC) project. Confirmed the operations. M/s CPHGC has successfully undergone through commissioning tests as per the agreed procedure. The engineer has certified the successful commissioning of […]
Govt extends export package by 3 years
The government has extended the export enhancement package for another three years with the same conditions to encourage export of non-traditional goods as well from the country, said Parliamentary Secretary for Textile Aliya Hamza Malik. Briefing the National Assembly on Thursday, she said new export sectors such as transport equipment, auto parts and accessories, machinery, […]
The manifestation of Pakistan’s economy with Mr. Ateeq ur Rehman
Financial and economic analyst, Ateeq ur Rehman shares his insights on the current economic situation of Pakistan. For more, watch video…
The United States called on Pakistan to expand its FATF scope to the economy.
The United States has urged Pakistan to expand Financial Action Task Force (FATF) safeguards to informal sectors of economy amid its concerns over slow progress on implementation of 27-point Financial Action Plan. The US delegation that is in the town for an on-ground assessment of implementation on the 27-point Action Plan of the FATF met […]