In a proactive measure to elevate the efficiency of cross-border trade, Pakistan Customs has recently introduced significant amendments to the TIR (Transports Internationaux Routiers) rules. This strategic initiative is geared towards not only streamlining trade processes but also making them more cost-effective, providing a substantial boost to businesses engaged in international transport. The revised TIR…
Nestlé’s senior leadership, including Pakistan CEO Jason Avanceña and Regional Managers Zone Asia Oceania Africa Angelo Giardini and Fabrice Cavallin inaugurating a 2.6MW Solar Power Plant at Nestlé’s Sheikhupura Factory near Lahore. Completed with an investment of PKR 500 million, it will save 1857 tonnes of CO2 emissions annually. The power plant is part of…
FrieslandCampina Engro Pakistan announces the promotion of Ali Ahmed Khan to the position of President of the Middle East, Pakistan, and Africa (MEPA) region at FrieslandCampina. Ali’s exceptional leadership and visionary approach have been pivotal in his transformative tenure as Managing Director of FrieslandCampina Engro Pakistan (FCEPL). Under his guidance, FCEPL has experienced significant growth…
In a significant move for the Pakistani startup ecosystem, IT Minister Dr. Umar Saif officially launched the Rs. 2 billion Pakistan Startup Fund (PSF). The inauguration ceremony witnessed the presence of domestic and international venture capitalists, diplomats, and prominent tech companies. Dr. Umar Saif, along with Secretary IT Hasan Nasir Jami and Ignite CEO Asim…
ABHI and foodpanda Collaboration: In the throes of the COVID-19 pandemic, while many businesses struggled to stay afloat, a heartening story of resilience and entrepreneurial spirit emerged from Lahore, Pakistan. Shamshad Ahmed, the owner of a school canteen named POLA G LunchTime, faced daunting challenges when schools shut down. His journey from near closure to…
The bilateral Pak-Afghan Trade experienced a significant setback in December 2023, witnessing a year-on-year (YoY) decline of 16%. This dip in trade relations between the neighboring countries also translated to a month-on-month (MoM) decrease of 28% during the last month of the year. According to recent data, the total bilateral trade volume for December amounted…
In a surprising turn of events, the caretaker government of Pakistan has significantly escalated its borrowing spree, tripling the loan amounts and setting a record-breaking pace that surpasses the nation’s 76-year history. This borrowing binge, as reported by Khurram Schehzad, CEO of Alpha Beta Core Securities, reveals an alarming surge in debt creation without adequate…
The docu-series ‘Portraits of Thar’ delves into the uplifting narratives of the heroes of Tharparkar Thar Foundation, in collaboration with Thar Block II entities, unveiled the ‘Portraits of Thar 2.0’ campaign at a compelling screening hosted at the Karachi Press Club amongst media delegates. This heartfelt project by Thar Foundation aims to vividly showcase the…
Ghandhara Tyre (GTR) recently celebrated its 60th anniversary, marking six decades of leadership and reliability with German-engineered technology perfectly tailored to the roads of Pakistan. A grand event was organised in Lahore to commemorate this milestone, attended by more than 160 esteemed company dealers. The celebration was an acknowledgement of GTR’s journey and a tribute…
In a groundbreaking development, the IT Minister, PayPal, and the Pakistani government have come together to address the persistent demand from freelancers. This initiative allows freelancers to seamlessly channel their remittances through the widely-used international gateway, PayPal. Caretaker Federal Minister for Information Technology and Telecommunication, Dr. Umar Saif, shared this positive news with journalists, signaling…
