Saudi HR Ministry Closes 14 Agencies for Labor Violations
The Saudi Ministry of Human Resources and Social Development has revoked licenses of 11 agencies and suspended 3 for breaching recruitment rules, urging use of the Musaned platform.
Category : Business
Riyadh Air Adds Jeddah, Madrid, Manchester to Network
Saudi Arabia's Riyadh Air announces new routes to Jeddah, Madrid, and Manchester, signaling global expansion ahead of its commercial launch as part of the Kingdom's aviation strategy.
Govt Move to Bring Back Overseas Assets Welcomed
The government's new policy to repatriate overseas assets has been met with approval from economic experts and political leaders, aiming to boost Pakistan's economy and curb illicit financial flows.
Pakistan, ADB Sign Deal to Boost Business Insurance Access
The Government of Pakistan and the Asian Development Bank have signed a significant agreement to expand access to insurance solutions for businesses, particularly MSMEs, aiming to enhance financial inclusion and economic resilience.
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Rs12.2bn Irregularities in Motorway Toll Contract
Audit authorities have identified significant financial irregularities totaling Rs12.2 billion in the motorway toll system contract, raising concerns about transparency and governance in infrastructure projects.
Global Project Fights Crop Diseases to Protect Food Security
A new global initiative aims to combat cross-border crop diseases, recognizing food security as a shared vulnerability. It promotes coordinated surveillance to mitigate agricultural pathogens and address climate-driven instability.
India Firecracker Factory Fire Kills 20, Injures 6 in Tamil Nadu
A devastating fire at a licensed firecracker factory in Virudhunagar, Tamil Nadu, has claimed at least 20 lives and injured six others, with rescue operations ongoing and the cause unknown.
Beijing Launches Satellite Town for Aerospace Industry Growth
Beijing is establishing a new satellite town dedicated to advancing China's aerospace sector, reflecting the nation's strategic push in space technology and industrial development.
Iran Conflict's Impact on US Food Prices: Delayed Threat?
The closure of the Strait of Hormuz has spiked energy costs, but US grocery bills remain stable for now. Experts warn of potential long-term food inflation if the conflict persists, affecting supply chains and packaging.
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Pakistan Cuts Jet Fuel, Diesel Prices as Global Oil Dips
Pakistan's government has announced a reduction in jet fuel and diesel prices, effective immediately, driven by a recent drop in global oil markets. This move aims to lower transportation and operational costs across various sectors.
SCCI Opposes CNG Closures, Hajj Policy in KP
The Sarhad Chamber of Commerce and Industry expressed serious concern over CNG station closures, calling it unconstitutional, and opposed a new Hajj policy requiring police NOCs, urging immediate government action.
KP Agriculture Secretary Pledges Crackdown on Corruption
Khyber Pakhtunkhwa's Agriculture Secretary commits to a strict anti-corruption campaign, addressing farmers' grievances via an online forum to enhance transparency and efficiency in the sector.
Hydropower Surge Reduces Loadshedding to 3 Hours in Pakistan
The federal government reports a significant reduction in loadshedding, from 6-7 hours to 2-3 hours, due to increased hydropower generation from dam water releases. This improvement follows earlier peak-hour outages aimed at controlling electricity tariff
SECP Clears JS Rental REIT for Public Investment on PSX
The SECP has approved the Offer for Sale of JS Rental REIT units, enabling public investment in rental real estate through the capital market. This marks the 9th listing on PSX this fiscal year, boosting REIT options to six.
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Gold and Silver Prices Fall in Pakistan and Global Markets
Gold prices in Pakistan decreased significantly on Friday, with 24 karat gold per tola dropping by Rs3,300 to Rs501,562. International gold also fell by $33 to $4,792 per ounce, while silver prices declined both locally and globally.
Power Crisis Rooted in Governance Failures, Capacity Shortage
Pakistan's power crisis is driven by governance failures and capacity shortages, causing widespread blackouts and economic strain. Experts call for urgent reforms.
7-Hour Power Cuts, Iran War Reveal Asia's Fossil Fuel Crisis
The government's admission of up to seven-hour power outages, combined with Asia's fossil fuel reliance amid the Iran war, highlights a systemic energy planning failure. This crisis underscores the urgent need for renewable energy policies to ensure econo
LONGi's Lahore Summit Charts Solar Market Future for Pakistan
Global solar leader LONGi convened its largest-ever summit in Lahore, unveiling new energy solutions and discussing Pakistan's shift toward value-driven solar adoption amid rising demand.
Pakistan-China Friendship Tree Plantation at Karot Hydropower
A special tree plantation campaign was launched at the Karot Hydropower Project on the River Jhelum to commemorate Pakistan-China friendship and promote environmental sustainability. Officials and Chinese engineers participated in the eco-friendly initiat
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Mobilink Bank Ranks Among Top 10 in GDEIB Awards 2026
Mobilink Bank has been recognized as one of the top 10 organizations at the Global Diversity, Equity, and Inclusion Benchmark Awards 2026, highlighting its commitment to inclusive workplace practices.
iPak Group Delivers Strong Nine-Month Performance
iPak Group has announced a strong financial performance for the first nine months of the fiscal year, with significant revenue growth and strategic expansions in key sectors.
Saudi Arabia Approves $3B Deposit for Pakistan's Economy
Saudi Arabia has approved a $3 billion deposit to Pakistan's central bank, extending financial support to help stabilize the economy amid global pressures and manage external obligations.
Load-Shedding Due to Gas Supply Issues from ME Conflict: Minister
Power Minister Sardar Awais Ahmad Khan Leghari explains that electricity load-shedding during peak hours is a compulsion caused by gas supply disruptions from the Middle East conflict, reduced hydropower, and a 4,000 MW shortfall, with hopes for improveme
SMEDA-JICA Women Entrepreneurs Booster Package in Punjab
A new five-year SMEDA-JICA project targets 2,000 women and transgender entrepreneurs in Lahore and Sialkot, focusing on IT, textiles, and services to boost economic participation.
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Baragzai Well Production Starts in Kohat, Saves $329M Annually
Ali Pervaiz Malik inaugurates commercial output from Baragzai X-01 well in Nashpa Block, Kohat, expected to save $329 million yearly in foreign exchange by cutting fuel imports.
Saudi Arabia's $3B Deposit and Loan Extension Boosts Pakistan
FPCCI President Atif Ikram Sheikh welcomes Saudi Arabia's $3 billion deposit and three-year extension of a $5 billion facility, citing enhanced macroeconomic stability and investor confidence for Pakistan.
Minister Sheikh Details CPEC 2.0 Strategy at Islamabad Event
Federal Minister Qaiser Ahmed Sheikh emphasized governance reforms and a business-to-business model for CPEC 2.0 at a policy dialogue in Islamabad, highlighting lessons from China's development.
Corporate Sector Shows Strong Growth in March
Pakistan's corporate sector continues its upward trajectory in March, with significant growth in key industries and positive economic indicators driving investor confidence.
American Tax Revolt: California's Prop 13 Warning
Americans are increasingly dissatisfied with federal taxes, with nearly 60% saying they pay too much. This anti-tax sentiment echoes California's 1978 Proposition 13, which capped property taxes and reshaped public services, offering lessons for today's t
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3,100+ Balochistan Farmers Get Fuel Subsidy for Farming
More than 3,100 farmers in Balochistan have received fuel subsidies to support agricultural activities, enhancing productivity and economic stability in the province.
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