The next phase of the milk wars
Engro Foods and Nestlé Pakistan have been engaged for years in a stiff competition for a share of the Pakistani consumer’s wallet, but the hard part is yet to come
All you wanted to know about Pakistan’s e-commerce scene (but didn’t know who to ask)
This article is the start of a series which will aim to provide the reader with an understanding of the e-commerce industry...
After Careem and Uber, will the next boost to Pakistan’s ride hailing market come from a women-only service?
Both Paxi and Safr want to create a safe environment for women using this mode of transportation, but it is unclear if both management teams will be able to create businesses that can scale
Govt remains afloat on external front, keeps IMF at bay
Finance Minister says not entering into an IMF programme for now and mini-budget set to be announced on 23rd of January
Mini-budget on Jan 23 will revive economy, Asad Umar claims
–Finance minister says Pakistan not considering IMF bailout for now
–Says budget will remove tax anomalies, facilitate investors
–PPP’s Sherry opposes budget, says new...
Jazz CEO Aamir hints massive layoffs in a bid to revamp Jazz
LAHORE: In a recent message sent out to the employees at Jazz, Jazz CEO Aamir Ibrahim informed the company that Jazz would...
Rupee devaluation pushes minimum wage to $107, raises Pakistan’s regional competitiveness: Report
A year ago, wages in Pakistan were $136 vs $64 in Bangladesh and now the difference stood at $107 compared to $95 currently and it has made big strides in becoming regionally competitive again, said Renaissance Capital
Pakistan can cope with financial crisis without approaching IMF: Asad Umar
The minister said the government had decided to introduce some structural reforms to correct the fundamentals of the national economy for bringing long term development and stabilization
Pakistan eyes investment pacts with Saudi Arabia, UAE
The investments would be in addition to a $6-billion package provided to Pakistan by Saudi Arabia and a similar-sized package, made up of loans and an oil payment credit facility, offered by the UAE
Pakistan doesn’t have enough foreign reserves to pay debts: Moody’s
Pakistan needs $12 billion to meet its external financing needs till June 2019
Pakistan will need far more dollars in its reserves...
Pakistan, World Bank sign $100m agreement for Sindh Solar Energy Project
ISLAMABAD: With an objective to increase solar power generation and access to electricity in Sindh, the government on Wednesday signed a financing agreement...
Pakistan’s growth projected to slow to 3.7% in FY18-19: World Bank
In Pakistan, the informal sector provides two-thirds of total employment but produces only about one-third of GDP
Inability to complete paperwork causes delay in CPEC mass transit projects: Report
Also, the Pakistani side was unable to finalize the feasibility studies of Quetta mass greater scheme and greater Peshawar mass transit circular rail project
Pakistan’s first blockchain-based cross border remittances service launched
The blockchain-powered remittance service will make round-the-clock, real-time money transfers between the two countries possible at a competitive exchange rate, with Alipay’s transaction fees waived during the one-year trial period
K-Electric says finalization of financial statements for FY17 & F18 facing delays
The power utility cited the absence of valid power tariff for the year starting 1st July 2016, ongoing litigation and stay order issued by the Sindh High Court and change of auditors as reasons for not being able to hold AGM for FY17 and FY18