In a significant development, the Pakistan Business Council (PBC) has expressed its support for the caretaker government’s decision to bifurcate the Federal Board of Revenue (FBR) and the Customs Department. This move, aimed at enhancing efficiency and streamlining operations, has garnered approval from the business community. The PBC, a prominent voice for the business sector,…
In a move aimed at fostering seamless communication and engagement, the State Bank of Pakistan (SBP) has officially launched its dedicated WhatsApp channel. This strategic initiative is designed to provide stakeholders, including individuals and businesses, with a direct and efficient channel for interacting with the central bank. The launch of the SBP’s official WhatsApp channel…
The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) has announced a significant transition in leadership, with the elevation of Saud Minam, a prominent Pakistani in Fiji, as its new Chairman. Saud Minam, CEO of Fiji Development Bank, brings with him around 30 years of experience in the financial sector. He is…
In a significant downturn for the automotive industry, car sales in December witnessed a staggering 66% plunge, marking a concerning trend that industry analysts attribute to inflation and the challenges posed by unaffordable auto financing. The data paints a grim picture for the automotive sector, revealing a substantial contraction in consumer demand for cars. The…
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…
At the recent Consumer Electronics Show (CES) 2024, Google made waves with groundbreaking announcements, particularly in the realm of electric vehicles (EVs) and the Android ecosystem. The tech giant’s focus on innovation aims to redefine the driving experience for users, and among the highlights are advancements in Android Auto set to debut with the Ford…
The Center of Excellence in Journalism at the Institute of Business Administration (CEJ-IBA) has launched a non-partisan fact-checking initiative, iVerify, to advance the scope of independent and unbiased reporting in the country’s journalistic landscape. Addressing the iVerify launch ceremony at Serena Hotel, Islamabad, Amber Rahim Shamsi, Director CEJ-IBA, said that the tool would prove to…
In a seismic shift for the Pakistan Super League (PSL), digital upstart Walee has dethroned international media giants, securing the streaming rights for the next two seasons. This victory goes beyond mere cricket – it raises crucial questions about the future of sports media, the power of hyperlocal content, and the trust equity of new-age…
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…
Intel has unveiled its latest array of chips tailored for both desktop and notebook devices, marking the advent of its 14th Gen lineup. Not stopping there, Intel also unveiled the Core U series, specifically designed for sleek and lightweight laptops. Laptop Processors At the forefront of this lineup is the 14th generation’s pièce de résistance…
