Silk Route Festival– a stage for corporate colonial resource grab
by Safiullah Baig The much-publicised Silk Route Festival, dubbed a cultural celebration, opened on Saturday at Hunza’s main town, Karimabad.
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Business
TMC powers ‘digital leap’ to revolutionise higher education
The outgoing HEC Chair, Dr Mukhtar Ahmad, appeared as a holographic host, the first of its kind in Pakistan’s history, reflecting the innovative spirit driving this transformation
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Taxation, TIR and the constitutional crisis in Gilgit-Baltistan
If the government intends to tax G-B like other provinces, it must also grant it equivalent political representation, legal clarity, and constitutional recognition.
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Balochistan: a new turf for global powers’ resource capture
Abdul Ghaffar Bugti As the US-China rivalry escalates, Balochistan has emerged as a new battleground for the 21st-century ‘Great Game’. The natural
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Silent colonisation in G-B: profits for elites, poverty for locals
From the Luxus Hotel to border trade—a legacy of colonial exploitation by Farman Baig Behind the glittering facade of the
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Security vs hospitality: a call for smarter tourism regulation in G-B
by Ghulam Amin Beg Hunza’s breathtaking landscapes, nestled in the Karakoram mountains of Gilgit-Baltistan, have increasingly come to symbolize Pakistan’s
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Powering up Gilgit-Baltistan: a clarion call to end energy crisis
by Roheena Ali Shah Gilgit-Baltistan (GB), a region abundant in water resources, is grappling with a severe electricity crisis that
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Nutshell appoints new media relations chief
News Desk Karachi: Nutshell Group, Pakistan’s leading communications, and public affairs firm, has appointed Maheen Usmani as media relations and
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Islamic banking vs conventional one
Islamic banking is not just a rebranding effort; it represents a comprehensive system designed to promote justice, transparency, and financial stability in a way that conventional banking cannot.
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Call for increased partnership between Pak-Saudi businesses
Saudi Arabia has been a major investor in Pakistan investing in various sectors such as energy, infrastructure, and agriculture. Saudi Arabia pledged $3 billion in aid and loans to Pakistan, with $1.5 billion deposited in Pakistan’s central bank.
Saudi Arabia has shown keen interest in investing in various sectors notably nearly 1 billion dollars in the Reko Diq Mining Project. The construction of one of the largest oil refineries in Pakistan is underway, aimed at boosting local energy production and reducing dependency on imported oil.
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Finance minister unveils strategic banking sector initiatives
News Desk Karachi – May 20: Federal Minister for Finance Muhammad Aurangzeb has unveiled strategic initiatives aimed at bolstering support
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Faysal Bank posts strong financial results for Q1
Faysal Bank profit after tax doubled to Rs6.5 billion as compared to the corresponding period in 2023. Earnings per share increased from Rs2.12 to Rs4.29.
The total assets reached a new high of Rs1.5 trillion, with deposits increasing to Rs1.050 trillion and loan book exceeded Rs603 billion. Advance-to-Deposit Ratio (ADR) was at a healthy 55%, while its Capital Adequacy Ratio stood at 18.57%, well above the regulatory requirement.
The sound financial performance and the strong balance-sheet footing is reflective of the bank’s solid business fundamentals coupled with prudent risk management practices.
LIIBS 7th Edition: leaders unite for collaborative development
Legislators, economists and business leaders advocate for bridging the political and social divide, shared goals to address social, economic and environmental challenges.
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Collaborative growth: business leaders converge on capital
The 7th edition of the Leaders in Islamabad Business Summit (LIIBS), set to take place on April 23 and 24 at a local hotel, promises to be a significant event on Pakistan’s corporate calendar. The two-day event will serve as a convergence point for over 15 global experts and more than 1000 delegates representing diverse industries from both the public and private sectors. With such a diverse gathering, the primary focus will be on fostering dialogue and exploring avenues for potential partnerships at various levels
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Faysal Bank, Womenza join force to empower freelancers
Recognizing the importance of empowering women freelancers and promoting gender equality in the workforce, Faysal Bank has partnered with Womenza Pakistan to support and uplift women in the freelancing industry.
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