Islamabad, Dec 12: President Asif Ali Zardari has urged China to increase its investments in various sectors of Pakistan’s economy to strengthen economic and commercial ties between the two nations. He also stressed the importance of improving interactions, particularly between investors and businesses, to foster greater trade and economic relations. The President shared these views during a meeting with a Chinese business delegation, led by the Chinese Consul General in Karachi, Yang Yundong, at Bilawal House in Karachi. The meeting was also attended by Sindh Chief Minister Syed Murad Ali Shah and other key ministers, including Sharjeel Inam Memon, Syed…
Author: Mawadat Fatima
Islamabad, Dec 12: The government has made a significant move towards implementing the Electric Vehicles (EV) Policy by announcing the installation of EV charging stations at all petrol pumps in Islamabad. During the fourth meeting on the EV Policy, chaired by Federal Minister Rana Tanveer Hussain, progress on various initiatives was reviewed. The minister instructed the Capital Development Authority (CDA) to ensure the installation of charging stations at every petrol pump in the capital, commending the authority for its efforts. Rana Tanveer also revealed that the top 120 students from the Federal Board would be given free electric bikes. Furthermore,…
Islamabad, Dec 12: Northern Pakistan is home to a growing network of small businesses, many of which are led by women. However, women entrepreneurs in Gilgit-Baltistan face significant challenges in accessing secure and reliable payment systems to support their businesses. In many remote areas, where traditional banking services are limited or unavailable, digital financial services can be a vital tool for business growth. Recognizing this need, JazzCash has stepped in to empower women by offering specialized training programs in Shigar and Khaplu, focusing on digital payments and financial literacy. One inspiring example is Mariyum Batool Annie, the first female entrepreneur…
Islamabad, Dec 12: The vivo Y100 smartphone has garnered significant attention in 2024, ranking #4 in Google’s “Year in Search” top trending tech searches. This milestone underscores the increasing popularity of mid-range smartphones that combine style and functionality, especially in markets like Pakistan. Google’s “Year in Search” report highlights the products and topics that captured global interest, and the vivo Y100, launched in May 2024, quickly became a favorite among Pakistani consumers due to its distinctive design and practical features. A standout feature of the Y100 is its Color Changing Design, which changes under sunlight or UV light, with the…
Islamabad, Dec 12: Barron Air, a U.S.-based company, has revealed its intention to launch a cargo air service in Pakistan. The company has reached out to Pakistan’s civil aviation authorities to express its interest in starting the service within the country. According to officials from the Civil Aviation Authority (CAA), Barron Air is a well-known player in the U.S. cargo industry and offers outsourced services to major companies, including FedEx Courier. The launch of Barron Air’s services in Pakistan is anticipated to generate new job opportunities nationwide.
Islamabad, Dec 12: IGI Investments has notified its parent company, IGI Holdings Limited (PSX: IGIHL), of its plan to acquire a 40.63 percent share in Mitchell’s Fruit Farms Limited (MFFL). During a meeting on December 11, 2024, the Board of Directors gave initial approval to proceed with the evaluation and due diligence for the potential purchase of this stake from the major shareholders, Syeda Maimanat Mohsin and Syeda Matanat Ghaffar. The transaction will be carried out in compliance with relevant laws, including the Securities Act of 2015, and will require necessary corporate and regulatory approvals. IGI Investments is fully owned…
Islamabad, Dec 12: Global revenues in the South Asian ethnic wear market are projected to reach $129 billion by 2030, with digital spending accounting for nearly $46 billion. Driving this growth, fashion marketplace LAAM has announced a $5.5 million funding round to expand the reach of South Asian fashion globally. LAAM, a leading platform for South Asian fashion, offers a curated catalog of over 100,000 items from more than 1,000 brands. The seed funding round was led by Zayn VC and Disrupt, with participation from Graph Ventures, Mentors Fund, and tech leaders from Oracle, Microsoft, Google, and Salesforce. With this…
Islamabad, Dec 12: The College Education Department of Sindh held a ceremony to distribute offer letters to lecturers who successfully passed the Sindh Public Service Commission (SPSC) examination. The event, held at Scouts Hall in Karachi, was graced by the Minister for Education, Sardar Ali Shah, as the chief guest. During the ceremony, the minister presented offer letters to 833 newly appointed lecturers. In his speech, the minister announced the introduction of A-level classes in select public colleges across Sindh. He explained that this initiative aims to help public college students excel and showcase their potential in competitive fields. The…
Islamabad, Dec 12: Relational, a leading European business software provider, is set to expand its operations into Pakistan. The company has formed a partnership with Dellsons Associates to introduce its innovative business software solutions to Pakistan’s financial sector. Through this collaboration, Dellsons Associates will use its extensive market knowledge and network to bring Relational’s advanced fintech products and services to commercial banks and the broader financial sector in Pakistan. John Papaevgeniou, President and CEO of Relational, expressed his enthusiasm, saying, “Pakistan is an emerging economy with a growing financial sector. Dellsons’ in-depth understanding of the Pakistani market and their commitment…
Islamabad, Dec 12: Pakistan showed great resilience but ultimately lost 2-1 to Germany in a tense playoff match at the WSF World Team Squash Championship 2024, held in Hong Kong, China. The match began with a thrilling encounter between Germany’s Raphael Kandra and Pakistan’s Muhammad Asim Khan. After a hard-fought five-game battle, Kandra triumphed 3-2, winning 11-9, 9-11, 9-11, 11-4, and 11-9. Pakistan responded strongly in the second match, with Nasir Iqbal dominating Germany’s Yannik Omlor in straight games, securing a convincing 3-0 victory with scores of 11-8, 11-2, and 11-6 in just 27 minutes. The final match saw Germany’s…
