Inflation and changing consumption patterns are reshaping online food and grocery orders in Pakistan, according to foodpanda Pakistan CEO Muntaqa Peracha. “During Covid-19 we expanded rapidly, launching four verticals in 18 months instead of one in two years,” he recalled. “Impulse purchases defined that period — snacks, cigarettes, small-ticket items.” Average order sizes have since increas
The Pakistan Virtual Asset Regulatory Authority (PVARA) has invited Expressions of Interest (EoIs) from leading global exchanges and Virtual Asset Service Providers (VASPs) to participate in the country’s emerging digital economy. Established under the Virtual Assets Ordinance 2025 (Ordinance No. VII of 2025), PVARA is mandated to formalise and regulate virtual assets in line with internation
The Pakistan Stock Exchange (PSX) continued its record-setting streak for a seventh consecutive session on Wednesday, as investor enthusiasm remained strong. The market saw a tussle between bulls and bears during the early hours, with the index fluctuating between a high of 915 points and a low of 484 points. By the close, the bulls took charge, pushing the benchmark KSE-100 index to 157,020.80
THE last three years have seen three separate regimes in our region fall like dominoes before a popular uprising. Gotabaya Rajapaksa’s regime in Sri Lanka fell in July 2022, when mobs enraged by the severity of the crisis brought on by sovereign default a few months earlier stormed the presidential palace, forcing the president and his ministers to flee the country. Sheikh Hasina Wajed’s gov
The industrial sector in Karachi was significantly impacted on Wednesday as heavy rains and flooding paralysed key industrial areas. According to industry leaders, industrial output remained subdued as workers failed to report for duty due to safety concerns and transportation issues. Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), stated that near