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Pakistan’s cost of doing business 34% higher than region: PBF

[ LAHORE: Pakistan’s business community is facing a serious competitiveness crisis as the cost of doing business is 34% higher than in regional economies, severely undermining the ability of local industries to compete in international markets, Pakistan Business Forum (PBF) Chief Organiser Ahmad Jawad said on Thursday. According to a statement, Jawad attributed the widening … Read more

PHMA demands equal access

[ Local apparel, textile sector has expressed concern over government’s decision to include rice sector PHMA chairman said that FBR is bent on proposing draconian moves that would destroy the value-added sector’s exports. PHOTO: REUTERS KARACHI: The local apparel and value-added textile sector has expressed concern over the government’s decision to include the rice sector, … Read more

Government expands telecom spectrum to 600MHz to boost internet speed

ISLAMABAD: The government is expanding the country’s telecom spectrum to 600 megahertz, a move expected to increase internet capacity by around 200 per cent and significantly improve speed, stability and service continuity, the National Assembly was informed on Thursday. The parliamentary secretary for IT and Telecom, responding to questions during Question Hour, said the rapid … Read more

Officials deny Pakistani troops will be deployed to Gaza

ISLAMABAD: Officials on Thursday moved to counter what they described as a “misleading narrative” surrounding Islamabad’s decision to associate with the Board of Peace, stressing that the move does not involve, nor could it lead to, the deployment of Pakistani troops to Gaza under any arrangement aimed at disarming Hamas. Pakistan formally joined the Board … Read more

China finalises $1.5bn deals, signs $9bn MoUs with Pakistan

[ Investment minister says further $10bn Chinese investment expected in near future Federal Minister for Investment and Board of Investment (BOI) Chairman Qaiser Ahmed Sheikh. PHOTO: FILE KARACHI: China has finalised new joint venture agreements worth $1.5 billion with Pakistan and signed memoranda of understanding valued at approximately $9 billion across the agriculture, automotive and … Read more

PM joins Trump at Davos for launch of ‘Board of Peace’

Pakistan among 19 countries signing charter; Shehbaz signs document alongside other leaders; UK, France skip ceremony US President Donald Trump shares a lighter moment with Prime Minister Shehbaz Sharif during the unveiling of the ‘Board of Peace’ on the sidelines of the World Economic Forum annual meeting in Davos. Photo: Express DAVOS: US President Donald … Read more

Epic Angels backs Neem in key pre-Series A round

[ Fintech’s regulatory sandbox entry signals global confidence in Pakistan’s open banking push KARACHI: In a move that has electrified Pakistan’s fintech landscape, Epic Angels, the world’s largest “female-only” investment collective, has officially announced its backing of Karachi-based fintech Neem in a Pre-Series A round, Neem disclosed on its website. The development marks an essential … Read more