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In a significant development for Pakistan’s digital landscape, the Federal Minister for Information Technology, Aminul Haque, announced that Google, the renowned global search engine, has officially opened its office in the country. IT Minister shares the great news During a conversation with the media in Islamabad, Minister Haque highlighted the progress being made in the […]
Chinese billionaire and co-founder of Alibaba Group, Jack Ma, recently made an unanticipated visit to Pakistan, sparking speculation as he deliberately avoided interaction with government officials and the media. When did Jack Ma arrive in Pakistan? According to media reports, Jack Ma arrived in Lahore on June 29 and spent 23 hours in the city. […]
The AD Ports Group, based in the United Arab Emirates (UAE), has recently signed a momentous 50-year concession agreement with the Karachi Port Trust (KPT) in Pakistan. A huge partnership at a crucial time The agreement grants AD Ports Group the operation of Karachi Gateway Terminal Limited (KGTL) and involves an impressive investment of $220 […]
Shell Pakistan (SHEL.PSX) has announced that its parent company, Shell Petroleum Company (SPCo), will be divesting its 77% shareholding in the company, signaling its exit from Pakistan. The decision comes after SPCo faced losses in 2022 due to various factors such as exchange rate fluctuations, the devaluation of the Pakistani rupee, and overdue receivables. Simultaneously, […]
Spotify Technology SA announced on Monday its decision to downsize the podcast division, resulting in the layoff of approximately 200 employees. This move accounts for roughly 2% of the company’s global workforce in the audio streaming giant. The decision comes as Spotify aims to optimize its operations and streamline its podcasting efforts. Spotify’s broader vision […]
In May 2023, Pakistan took a significant step to address its mounting fuel oil stock, which had accumulated due to sluggish demand in the country. 90,000 tons in one month Pakistan successfully shipped a substantial 90,000 tons of fuel oil during that month. This recent export adds to the impressive figure of 250,000 tons of […]
Peshawar, the capital city of Khyber Pakhtunkhwa (KP) has emerged as Asia’s largest market for the honey business, marking a significant milestone for the region. Known for its rich biodiversity and diverse flora, Peshawar has become a hub for the production and trade of high-quality honey. Factors that make Peshawar the best The growth of […]
Earlier today, Iran’s President Ebrahim Raisi and Pakistan’s Prime Minister Shehbaz Sharif joined hands to inaugurate the Mand-Pishin border sustenance market, a significant step towards enhancing bilateral trade between the two nations. Boosting cross-border trade The Mand-Pishin joint-border market is one of six constructed along the common Pak-Iran border and will serve as a vibrant […]
Indian billionaire Mukesh Ambani, chairman of Reliance Industries, has gifted a 22-storey building in Mumbai worth Rs 1500 crore to his close friend and top executive Manoj Modi. The building, called ‘Vrindavan, is located in the plush area of Nepean Road in Mumbai and was reportedly acquired by Ambani in 2011. Manoj Modi; a loyal […]
Pakistani-born businessman Suleman Raza was recently awarded the prestigious Member of the Order of the British Empire (MBE) by Prince William at Windsor Castle. The award was given in recognition of Raza’s services to the economy, entrepreneurship and philanthropy in the United Kingdom. Some snaps from the classy ceremony Thrilled & honoured to receive my […]
