News

When entrepreneurial ambitions meet with reality

Aqib Mehmood, an entrepreneur connected to the world by a government agency to enhance the nation's exports, has now made Indonesia his base for conducting business, aiming to overcome Pakistan's image problem, which was leading to exploitation by foreign buyers. Mehmood, a business partner at a small enterprise, Masairr, was a student of business studies nine years ago at the Institute of Busi

Asian markets retreat on potential new US trade curb against China

Asian stocks fell for a second day on Thursday as lacklustre earnings reports from tech mega cap stocks deepened a selloff on Wall Street, while U.S. sanctions against Russia and China revived fears around geopolitics. Oil prices surged. MSCI’s broadest index of Asia-Pacific shares outside Japan was last off 0.3%, while Japan’s Nikkei 225 sank 1.5%. Chinese stocks declined 0.4% in Hong Kong

SBP calls for collaboration to accelerate Islamic and digital banking transformation

Senior representatives from the State Bank of Pakistan (SBP) and commercial banks have underscored the need for deeper collaboration between regulators, banks, and technology partners to accelerate Islamic and digital banking transformation in Pakistan. Speaking at “NextGen Islamic Banking in Pakistan – 2025,” an exclusive forum hosted by TMC Pvt. Ltd. and Azentio Software in Karachi, they call

TDAP hosts seminar on textile industry

The Trade Development Authority of Pakistan (TDAP) successfully organised a seminar on “Technical Textiles & Application of Industry 4.0”, gathering industry leaders, academia, and innovators to discuss Pakistan’s potential in advancing towards high-value textile production and smart manufacturing. Basit Rauf, Director General (Textile Division), TDAP, opened the session by highlighting that te

Gold inches down as dollar firms, focus on US inflation data

Gold prices edged lower on Thursday, weighed down by a firmer dollar as investors looked forward to key U.S. inflation data due later this week for more cues on the interest rate path. Spot gold was down 0.2% at $4,084.29 per ounce, as of 0310 GMT. U.S. gold futures for December delivery climbed 0.9% to $4,100.90 per ounce. The dollar index rose 0.2% against its rivals, making gold more expe