News

Pakistan ranked lowest-risk for food safety in FY24

Pakistan has emerged as the lowest-risk country concerning food safety standards for the fiscal year 2023-24, with rice exports making up 25 per cent of the European rice export market, significantly outpacing India’s 16pc. This information was revealed during a meeting between the newly elected Chairman of the Rice Exporters Association of Pakistan (REAP) Malik Faisal Jahangir and Commerce Min

PSX surges to new peak in jittery week

Amid escalating regional tensions following an Iranian missile attack on Israel and mounting political tensions due to ongoing protest by the opposition party in the capital, the Pakistan Stock Exchange (PSX) closed the tumultuous week at a record high of above 83,500. The bullish spell was driven by surging exports, foreign exchange reserves and growing expectations of another 200 basis points

Convoluted intrigues of venture capital funding

In the world of startups, attention spans are usually short-lived, just like the apps they build out. One day, you’d be a star, getting media attention left right and centre, speaking at conferences and being named in the Forbes 30 under 30. The following month, you could be facing legal proceedings on charges of fraud. Yet, one company has managed to keep everyone hooked for close to two years

A page from the reform book

A long time ago, Deng Xiaoping termed the reform he helped initiate as China’s second revolution. “The reform we are now carrying out is very daring. But if we do not carry it out, it will be hard for us to make progress. Reform is China’s second revolution,” he is quoted to have said during his talk with Mr Susumu Nikaido, Vice-President of the Liberal Democratic Party of Japan, in 1985. “I

Pakistan mulls lifting ban on livestock export

Pakistan is likely to lift the ban on the commercial export of sheep and goats imposed more than a decade back, mainly responding to the demand from Gulf countries. The Ministry of National Food Security and Research (MNFSR) has finalised the summary in this regard and sought permission from the federal cabinet to undo the decision taken in 2009. The Executive Committee of the Special Invest