GCC labour force hits 31.8mn: GCC-Stat Data issued by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) revealed that the total labour force in GCC countries reached 31.8 million, representing 54.2 percent of the total population. Asia accounts for 62.7pc of multinational companies Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has revealed that 62.7 percent of the multinational companies (MNCs) it attracted to Dubai in 2024 originated from Asia, underlining Dubai’s growing status as a key investment hub for international corporations. Latin America and Europe each accounted for…
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IT exports soar: Pakistan Pakistan is rapidly transforming into a global tech hub, driven by record-breaking IT exports, policy-driven innovation, and a thriving digital workforce. The government’s commitment to digital advancement aims to create a more connected, secure, and innovative future. The Ministry of IT and Telecom remains dedicated to positioning Pakistan as a leading digital economy by fostering innovation, expanding connectivity, and ensuring universal access to telecom services. According to official documents, “These efforts are creating a sustainable digital ecosystem, making Pakistan a rising tech hub.” Over the past year, Pakistan’s IT and telecom sector has seen remarkable progress,…
Telenor Pakistan Partners with Huawei for Next-Gen CBS Upgrade at MWC 2025: Telenor Pakistan and Huawei have signed a Strategic Cooperation Agreement at Mobile World Congress (MWC) 2025 to upgrade Telenor Pakistan’s Communication Business Support System (CBS). This agreement marks a significant step in Telenor Pakistan’s digital transformation journey, enhancing its technological capabilities and operational efficiency. The agreement was formalized in the presence of Mr. Khurrum Ashfaque, CEO of Telenor Pakistan, and Mr. Sun Xiaofei, CEO of Huawei Pakistan, highlighting both organizations’ commitment to driving innovation in the telecom industry. TECNO Pocket Go – World’s First Windows AR Gaming Set to Be Unveiled at…
Indus Motor reports strong growth in 1hfy25 Indus Motor Company Limited has announced its financial results for the half-year FY 24-25 ended December 31, 2024, showcasing strong growth amidst signs of economic recovery in Pakistan. The Company’s net sales turnover for the six-month period ended December 31, 2024, surged to Rs. 84.88 billion, up from Rs. 50.91 billion in the corresponding period last year. This significant increase was primarily driven by higher sales volumes of CKD and CBU vehicles, alongside improvements in cost efficiencies and localization efforts. During the period under review, the Company posted a substantial increase in Profit…
Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market. KIBOR as a benchmark, to encourage transparency and improve management of the market risk undertaken by banks. Kibor Rates In Pakistan TENOR BID OFFER 1 – Week 11.57 12.07 2 – Week 11.53 12.03 1 – Month 11.44 11.94 3 – Month 11.61 11.86 6 – Month 11.53 11.78 9 – Month 11.46 11.96 1 – Year 11.47 11.97 Last Updated on 10th Mar 2025 Source: SBP
Pakistan to double exports in 3-5 years, targeting GCC market Pakistan plans to double its exports within the next three to five years, with a particular focus on the Gulf Cooperation Council (GCC) market, according to Finance Minister Muhammad Aurangzeb. Speaking to Asharq Business and Bloomberg during his visit to Saudi Arabia for the Alula Conference for Emerging Market Economies 2025, Aurangzeb outlined the country’s ambitions to significantly boost its international trade. In 2025 GCC to outpace the global economy First Abu Dhabi Bank (FAB), the UAE’s global financial institution, has launched its 2025 Global Investment Outlook report, forecasting that…
Pakistan, Bangladesh start direct trade with rice exports Pakistan and Bangladesh have started direct government-to-government trade after decades of troubled relations with imports of 50,000 tonnes of rice, Dhaka said on Tuesday. The two countries have witnessed a thaw in ties after the ouster of India-aligned premier Sheikh Hasina. Long-time Bangladeshi prime minister Sheikh Hasina was ousted in an August 2024 revolution, fleeing by helicopter to her old ally India, where she has defied extradition requests to face charges of crimes against humanity. Relations between India and Bangladesh’s new government have been frosty since then, allowing Islamabad and Dhaka to…
Mobilink Bank Joins Forces with NymCard and Dellson Associates to Revolutionize Digital Financial Services: Mobilink Bank, Pakistan’s leading digital microfinance institution, has entered into a strategic partnership with leading fintech innovator NymCard and technology consultancy, Dellson Associates to accelerate digital financial services and cross-border enablement. The collaboration marks a significant step toward reshaping the future of financial inclusion in Pakistan. Under this alliance, NymCard will integrate its cutting-edge technology platform to facilitate seamless digital lending solutions, including Buy Now, Pay Later (BNPL), Send Now, Pay Later (SNPL), and Instant Card Issuance. Meanwhile, Dellson Associates will spearhead the bank’s technology enablement…
Pakistan Banking Summit 2025: game-changer for financial sector The Pakistan Banks Association (PBA) has officially announced the launch of the Pakistan Banking Summit 2025 (PBS’25), a landmark industry-led event set to take place on February 24 & 25, 2025, in Karachi. The announcement was made at a press conference held at the PBA head office, led by Atif Bajwa, Chairman of the PBS Steering Committee & President and CEO -Bank Alfalah, joined by Zafar Masud, Chairman PBA & President & CEO – Bank of Punjab (BoP); Basir Shamsie, President & CEO – JS Bank; and Muneer Kamal, CEO & Secretary General – PBA, along with other senior banking industry officials.…
Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market. KIBOR as a benchmark, to encourage transparency and improve management of the market risk undertaken by banks. Kibor Rates In Pakistan TENOR BID OFFER 1 – Week 11.91 12.41 2 – Week 11.88 12.38 1 – Month 11.79 12.29 3 – Month 11.70 11.95 6 – Month 11.61 11.86 9 – Month 11.54 12.04 1 – Year 11.52 12.02 Last Updated on 24th Feb 2025 Source: SBP
Published in AlJazeera, on Feb 19th, 2025 Manila says it will lodge a diplomatic protest after a Chinese helicopter flew deliberately within 3 metres (10 feet) of a Philippine aircraft. The United States ambassador to Manila has condemned “dangerous” manoeuvres by a Chinese navy helicopter that threatened the safety of a Philippine government aircraft patrolling a disputed shoal in the South China Sea. In a post on social media on Wednesday, US Ambassador MaryKay Carlson condemned the actions of the Chinese helicopter and called on Beijing “to refrain from coercive actions and settle its disputes peacefully in accordance with international law”. end of…
Published in Saudi Gazette, on Feb 19th, 2025 PALM BEACH — US President Donald Trump pushed back Tuesday against Ukraine’s objections to being excluded from talks between the US and Russia in Saudi Arabia aimed at ending the war in eastern Ukraine. He also seemed to suggest that Ukraine was to blame for a war that began only after Russia invaded that country. Speaking to reporters from his Mar-a-Lago estate, Trump said, “Today I heard, well, we weren’t invited. Well, you’ve been there for three years. You should have ended it three years. You should have never started it.” Trump…
Published in AlJazeera, on Feb 19th, 2025 Hamas says it seeks a lasting ceasefire and a full Israeli pullout, rejecting conditions for its removal from Gaza. Hamas has proposed to release all captives remaining in the Gaza Strip in “one go” in exchange for a lasting truce and a complete Israeli army withdrawal from the besieged enclave. In a statement on Wednesday, Hamas spokesman Hazem Qassem outlined the group’s vision for the second phase of the ceasefire deal which includes the proposed exchange. end of list “We are ready for a second phase in which the prisoners will be exchanged…
Published in Dawn, on Feb 18th, 2025 DUBAI: Iran said on Monday that US and Israeli threats against it were a blatant violation of international law and that they could not “do a damn thing” to hurt Tehran. The comments came after Israeli Prime Minister Benjamin Netanyahu met US Secretary of State Marco Rubio in Jerusalem on Sunday and said their countries were determined to thwart Iran’s nuclear ambitions and its influence in the Middle East. Netanyahu said Israel had dealt a “mighty blow” to Iran since the start of the conflict in Gaza and that with the support of US President…
Published in Saudi Gazette, on Feb 18th, 2025 CAIRO — Egyptian President Abdel Fattah al-Sisi said his country is developing a plan to rebuild Gaza without forcing Palestinians out of the strip in a counter to President Donald Trump’s proposal to depopulate the territory so the US can take it over. Egypt’s state-run Al-Ahram newspaper said the proposal calls for establishing “secure areas” within Gaza where Palestinians can live initially while Egyptian and international construction firms remove and rehabilitate the strip’s infrastructure. Egyptian officials have been discussing the plan with European diplomats as well as with Saudi Arabia, Qatar and…
Published in AlJazeera, on Feb 18th, 2025 Ukrainian president says no decision on how to end Russia’s war on his country can be made without consulting Kyiv. President Volodymyr Zelenskyy has renewed a demand that Kyiv be included in any talks on how to end Russia’s war on Ukraine after the United States and Russia agreed to create a team to negotiate a halt to the fighting. Ukraine was not represented at the talks between the US and Russian officials in Saudi Arabia’s capital Riyadh on Tuesday. end of list “We want no one to decide anything behind our backs … No…
Published in Geo News, on Feb 17th, 2025, By Zarmeen Zehra Security forces determined to wipe out menace of terrorism from country, says ISPR IBO conducted on reported presence of terrorists: ISPR. Security forces effectively engaged terrorists location, killing 30. “Sanitisation operation conducted to eliminate any other terrorists.” RAWALPINDI: Security forces killed at least 30 terrorists in an intelligence-based operation (IBO) conducted in Khyber Pakhtunkhwa’s (KP) South Waziristan district, the military’s media wing said on Tuesday. According to a statement issued by the Inter-Services Public Relations (ISPR), “On 17 February 2025, security forces conducted an operation in general area Sararogha of South…
Published in Saudi Gazette, on Feb 17th, 2025, WASHINGTON — The US State Department has dropped a statement from its website which stated that Washington does not support Taiwan’s independence — a move which has sparked anger in China. China said the revision “sends a wrong… signal to separatist forces advocating for Taiwan independence”, and asked the US to “correct its mistakes”. The department’s fact sheet on Taiwan-US relations earlier included the phrase “we do not support Taiwan independence” — this was removed last week as part of what it said was a “routine” update. A US spokesperson was quoted…
Ali Jahangir Siddiqui’s Pivotal Role in Transforming Digital Banking in Pakistan Digital banking in Pakistan has experienced rapid growth in recent years, driven by technological advancements that are reshaping the delivery of financial services. Noman Azhar, Chief Officer of Zindigi, highlights how digital banking is no longer just an alternative but a parallel offering to traditional banking. According to Azhar, digital-native banks like Zindigi now provide a full spectrum of services, from comprehensive account management to foreign currency transactions, rivaling traditional commercial banks. The Birth of Zindigi: A Leap Toward Digital Innovation Zindigi, a groundbreaking digital banking platform, is the…
State Life Insurance Corporation of Pakistan (SLIC) is set to launch an ambitious national diabetes health check drive and awareness campaign on February 15, 2025 between 9 a.m. to 1 p.m. Offering free diabetes health checks, expert consultations, and essential resources on prevention, nutrition, and disease management, this initiative marks a significant step in addressing one of the nation’s most pressing health challenges. In collaboration with over 370 hospitals across KP, Balochistan Sindh and Punjab, SLIC’s free diabetes health check drive is the largest public health initiative of its kind, targeting diabetes—a silent epidemic affecting more than 30% of the…
Zong 4G in collaboration with Knowledge Platform, has successfully concluded its Digital Scholars Program, transforming education across Pakistan. Spanning eight months, the program supported 3,359 students, 210 teachers, and 60 schools across 42 cities, leveraging digital learning tools and methods. Through interactive online tutoring and teacher training, the program achieved an impressive 75% improvement in overall student performance, setting a benchmark for integrating technology in education. The program focused on grades 9 and 10, offering tailored modules aligned with national and provincial curricula. Students accessed videos, games, activities, and assessments, while teachers received extensive training in pedagogy, IT skills, and…
Türkiye achieved a 9.8% year-on-year growth in its visitor numbers and hosted 62.269.890 visitors in 2024, representing a 20.3% growth compared to 2019, the pre-pandemic year. The total number includes over 135,000 Pakistani tourists. With this figure, Türkiye also surpassed its own target of 60 million visitors, announced earlier in 2024. In addition, Türkiye generated 61.1 billion USD as tourism revenue, which is 8.3% more than the previous year. Overall, 2024 has been Türkiye’s most successful year in tourism. Europe, the Middle East, and Central Asia have remained Türkiye’s biggest source markets while emerging markets such as the Americas, India,…
The two-day Agri-Connections 2025 conference and expo with the theme of ‘Investing in Agriculture for Growth’ will kick off on Wednesday at Karachi Expo Center. The conference will have speakers from Turkey, Italy, Hungary, Peru, Uzbekistan, France, the United States of America, and Pakistan. The speakers will highlight how global historic geo-political changes like US and EU sanctions on Russia, and anticipated US tariffs on China, Mexico, and Canada, present opportunities for Pakistan in terms of the new commodity flows. The expo and conference will be opened with the welcome address by Kazim Saeed, CEO Pakistan Agricultural Coalition, and opening…
After six long years, the Beaconhouse Jubilee Campus Model United Nations (MUN) is back and brimming with enthusiasm! JCMUN VI, which took place recently, brought together young diplomats ready to step into the shoes of global leaders and engage in dynamic debates and negotiations on critical global issues With delegates coming from all over Karachi, this year’s MUN will feature six engaging committees, each presenting unique opportunities for delegates to showcase their skills in diplomacy and problem-solving. These committees include the United Nations Security Council (UNSC), the Human Rights Council (HRC), the Political and Nuclear Affairs (PNA), the Social, Cultural…
Sports hold a significant place in the culture of Pakistan, offering a rich blend of tradition, enthusiasm, and challenges. While cricket enjoys overwhelming popularity, other sports like field hockey, football, and squash also have their dedicated followings. The country’s sports culture is shaped by a variety of factors, from historical achievements to modern-day struggles in the development of infrastructure and talent. 1. Cricket: The National Obsession Undoubtedly, the most popular sport in Pakistan is cricket, which has earned the status of a national obsession. The sport is deeply embedded in the fabric of Pakistani society, and the cricket team is…
The Board of Directors of the Pakistan Business Council (PBC) in its meeting of February 7th, 2025, elected Dr. Zeelaf Munir as its new chairperson for a tenure of 18 months. Dr. Zeelaf previously served as the Vice Chairperson of PBC. She succeeds Shabbir Diwan, the CEO of Gatron (Industries) Limited. The board also elected Mr. Ziad Bashir, the CEO of Gul Ahmed Textiles as the vice chairman. The directors elected to the Board of Directors of the Pakistan Business Council to serve for three years were Mr. Abdul Samad Dawood, Mr. Azam Faruque, Mr. Danish A Lakhani, Mr. Mohamedali…
ACCA Pakistan Leadership Conversation 2025: From Surviving to Thriving in a Transforming World The Association of Chartered Certified Accountants (ACCA) successfully hosted Pakistan Leadership Conversation (PLC) 2025 in Lahore, convening industry leaders, policymakers, and finance professionals to explore key drivers of sustainable economic growth in an evolving global landscape. Under the theme “From Surviving to Thriving: AI, Sustainability & Talent,” the conference examined how businesses and finance professionals can leverage technology, drive sustainability, and develop future-ready talent in a complex digital world. Assad Hameed Khan, Head of ACCA Pakistan, delivered the welcome address, highlighting the need for AI integration, sustainability…
How the GCC’s expanding tourism sector The Gulf Cooperation Council (GCC) countries have experienced a remarkable transformation in their tourism sector, recording $110.4 billion in international tourism revenue in 2023. This 28.2 percent increase from pre-pandemic levels in 2019 is a testament to the region’s rapid tourism recovery and its growing appeal among international travelers. According to data from the GCC Statistical Centre (GCC-Stat), approximately 68.1 million tourists visited the GCC in 2023, reflecting a 42.8 percent growth compared to 2019. This surge places the region on track to meet its Joint Tourism Strategy (2023-2030), which aims to reach 128.7…
Pakistan, Somalia eye stronger trade agreements The Ambassador of Somalia to Pakistan, Sheikh Noor Muhammad Hassan, has expressed a strong interest in signing bilateral agreements to enhance mutual trade between the two countries, according to a press statement. Speaking at the Lahore Chamber of Commerce & Industry (LCCI) on Thursday, he reflected on the longstanding historical relations between Pakistan and Somalia, dating back to 1960, in trade and economic cooperation. The Somali envoy highlighted his country’s openness to Pakistani investors in all sectors of the economy and stressed that exchanging trade delegations could significantly strengthen economic ties. He also noted…
USF to Lay 2000km Optical Fiber Cable Across Pakistan: The Universal Service Fund (USF) has informed the National Assembly Standing Committee on Information Technology and Telecommunication that it plans to lay 2,000 kilometers of optical fiber cable (OFC) in upcoming projects for the fiscal year 2024-25. This initiative is part of USF’s ongoing Optical Fiber Program, which began in November 2020, targeting deep fiberization at the Union Council (UC) level. So far, 17 major OFC projects have been launched, connecting 884 UCs with 9,068 km of fiber, providing essential backhaul for existing mobile broadband (3G/4G) networks and future 5G expansion.…
Pakistan Cables opens new PVC compounding plant at Nooriabad factory Pakistan Cables Limited successfully commissioned its new PVC Compounding Plant at its new factory located in Nooriabad, Sindh. Mr. Fahd K. Chinoy, CEO Pakistan Cables, inaugurated the plant and was joined by the team. With the addition of the new PVC Compounding Plant, Pakistan Cables has significantly enhanced its capacity to cater to its own and external needs for PVC products. First set up in 2007, the Company was the first in the industry to have its own PVC Compounding Plant at its factory located at SITE, Karachi. As part…
Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market. KIBOR as a benchmark, to encourage transparency and improve management of the market risk undertaken by banks. Kibor Rates In Pakistan TENOR BID OFFER 1 – Week 12.85 12.35 2 – Week 12.87 12.37 1 – Month 12.85 12.35 3 – Month 11.65 11.90 6 – Month 11.54 11.79 9 – Month 11.47 11.97 1 – Year 11.47 11.97 Last Updated on 10th Feb 2025 Source: SBP
Published in Saudi Gazette, on Jan 30th, 2025, BRUSSELS — The European Union gives “full support” to Denmark against Donald Trump’s threat to take control of Greenland and stands ready to defend the principles of national sovereignty and territorial integrity as it did when Russia launched the full-scale invasion of Ukraine, António Costa told Euronews in a wide-ranging interview. “It is these fundamental principles that lead us to support Ukraine. It is these fundamental principles that lead us to condemn the violations of the border in the Democratic Republic of the Congo,” the president of the European Council said. “We…
Published in Dawn, on Jan 30th, 2025, Reuters Syria’s de facto leader Ahmed al-Sharaa was declared president for a transitional phase on Wednesday, tightening his hold on power less than two months after he led a campaign that toppled Bashar al-Assad. Sharaa was also empowered to form a temporary legislative council for a transitional period and the Syrian constitution was suspended, according to an announcement made by the military command which led the offensive against Assad. The decisions emerged from a meeting of military commanders who took part in the assault, a campaign spearheaded by Sharaa’s Islamist Hayat Tahrir al-Sham (HTS) group — a…
Published in AlJazeera, on Jan 29th, 2025, Russia and Ukraine continue to swap daily barrages, with the prospects of ceasefire talks appearing slim. A nuclear power plant was among targets during a massive Ukrainian drone attack, Russian officials have said. Moscow said on Wednesday that the country’s energy infrastructure had come under attack by at least 100 drones overnight. Ukraine also reported strikes. The continuing barrages were accompanied by barbs from the two countries’ presidents, suggesting little prospect of peace talks. end of list The Russian Ministry of Defence said on Telegram that 104 drones were involved in raids across…
Published in Dawn, on Jan 30th, 2025, Baqir Sajjad Syed ISLAMABAD: The Foreign Office on Monday adjusted its position on US President Donald Trump’s announcement about retrieving leftover American military equipment from Afghanistan, moving from a neutral stance to supporting the idea, citing security concerns. FO spokesman Shafqat Ali Khan, in a statement, said the presence of advanced US weapons in Afghanistan following the August 2021 withdrawal had become a “profound concern” for Pakistan’s safety and security. “These weapons have been used by terrorist organisations, including the TTP, to carry out terrorist attacks in Pakistan,” Mr Khan pointed out. “We have been repeatedly calling…
Published in The News, on Jan 29th, 2025, By Reuters More than half of respondents say rate of inflation had “adversely” affected their quality of life NEW DELHI: A pre-budget survey, conducted by polling agency C-Voter, showed that more Indians are becoming less hopeful about their quality of life under Prime Minister Narenda Modi as stagnant wages and higher living costs cloud future prospects. More than 37% of respondents in the survey said they expect the overall quality of life for ordinary people to deteriorate over the next year, the highest such percentage since 2013, a disappointing news for Modi ahead…
Published in AlJazeera, on Jan 29th, 2025, Abdel Fattah el-Sisi says ‘displacement of the Palestinian people is an injustice’ after US president repeats call for Egypt and Jordan to accept Gaza residents. President Abdel Fattah el-Sisi and Jordan’s King Abdullah have rejected any forced displacement of Palestinians, days after United States President Donald Trump suggested that Arab countries take in Palestinians from the war-torn Gaza Strip. “Regarding what is being said about the displacement of Palestinians, it can never be tolerated or allowed because of its impact on Egyptian national security,” el-Sisi told a press conference on Wednesday. end of…
by Felix Richter Nvidia’s share price dropped nearly 17 percent on Monday, as the release of DeepSeek-R1 – a Chinese AI model that requires less of Nvidia’s expensive hardware to train – sparked fear among investors. The sell-off shaved $589 billion off Nvidia’s market capitalization, stripping the company of the unofficial “world’s most valuable company” title, which it had taken from Apple as recently as last week. Following Monday’s rout, Nvidia was valued at $2.9 trillion, while Apple regained the top spot with a $3.5 trillion valuation. Apple was one of the few tech companies to survive Monday’s sell-off unscathed, as…
by Katharina Buchholz, Chinese company DeepSeek disrupted the AI market with the launch of its R1 model last week. As a result, the Nasdaq fell by 3 percent over the course of Monday, driven by losses of chip maker Nvidia of nearly 17 percent. A research paper published along with the launch said that DeepSeek spent only $6 million on computing power per training run for the model, below the costs that are estimated (and have been partially confirmed) for popular AIs like ChatGPT or Google’s Gemini. This is despite the fact that since going live on January 20, DeepSeek-R1 has earned good marks for its performance that rivals…
by Katharina Buchholz, The UK’s Oxford University was names the world’s best university in the latest global ranking released by Times Higher Education on Wednesday. While the UK features quite heavily at the upper end of the list, it’s the United States that utterly dominates it. 23 of the 50 best universities in the world are located in the country, according to the ranking, while 7 are in the United Kingdom, also including the University of Cambridge and the Imperial College of London. China has four entries in the top 50, including Beijing’s Tsinghua and Peking universities as well as Shanghai’s Fudan University and Hangzhou’s Zhejiang University.…
by Anna Fleck, Canada, the United States and Finland announced a new trilateral partnership called the “ICE Pact” (or Icebreaker Collaboration Effort) in July, 2024, stating that they would jointly build a fleet of as many as 90 icebreakers in the next years. Icebreakers are used for several purposes including scientific missions. However, investments in the ICE Pact are also considered to fall under defence and security, with Canadian authorities citing the shipbuilding as a move to assert “Arctic sovereignty”. Data compiled by the International Institute for Strategic Studies (IISS) and published by Reuters details how Russia had 57 icebreakers and ice-capable…
by Katharina Buchholz, The latest global university ranking has been released by Times Higher Education, putting the UK’s Oxford University at the top of the pile once again. Institutions are ranked based on five indicators: teaching, research environment, research quality, international outlook and industry income/patents. On this basis, the United Kingdom and United States completely dominate the top of the list, with no universities from other countries in the top 10 and only around 20 out of the top 50 universities in the world located in other countries. The best-performing among them is Switzerland’s ETH Zurich in rank 11, which focuses on STEM subjects. This is…
by Felix Richter, Four and a half years after Donald Trump’s first attempt of withdrawing the United States from the World Health Organization, which was undone by his successor Joe Biden before taking affect, the newly inaugurated president wasted no time to take care of unfinished business. As one of many first-day actions, Donald Trump signed an executive order on Monday, announcing the U.S. withdrawal from the WHO due to the organization’s alleged mishandling of the Covid-19 pandemic, its “failure to adopt urgently needed reforms, and its inability to demonstrate independence from the inappropriate political influence of WHO member states.” Trump also criticized…
by Felix Richter, Over the next 10 years, climate change and its consequences will pose the greatest risk to the world. That’s according to more than 900 global experts from academia, business and politics, who were asked to evaluate 33 global risks over a two-year and a 10-year horizon for the World Economic Forum’s annual Global Risks Report. With inflation having eased in most parts of the world, the experts no longer consider the cost-of-living crisis one of the most pressing issue in the short-term. Instead, for the second year in a row, misinformation and disinformation is considered the most severe risk over the…
Urbanization is one of the most significant global trends in the 21st century, and Pakistan is no exception. With over 40% of its population living in urban areas, and the number growing rapidly, the need for effective urban transformation in the country has never been more pressing. The concept of urban transformation is multi-faceted, encompassing everything from infrastructure development to economic growth, environmental sustainability, and social inclusion. In the context of Pakistan, a successful urban transformation could unlock immense potential for the country’s future, contributing to improved quality of life, sustainable development, and national prosperity. 1. The Growing Need for…
In the 21st century, energy and artificial intelligence (AI) are emerging as key players in reshaping how the world approaches sustainability, efficiency, and innovation. As the global demand for energy continues to rise and the urgency of combating climate change becomes ever more pressing, the fusion of AI and energy holds the potential to revolutionize industries, optimize resources, and accelerate the transition to a greener, more sustainable future. Understanding the Relationship Between Energy and AI At its core, AI refers to the simulation of human intelligence processes by machines, particularly computers. This includes tasks like learning, problem-solving, and decision-making. When…
This Chinese New Year, Zong 4G, Pakistan’s leading telecom Network, continues its tradition of delivering the best calling offers and exceptional experiences for its international callers with the launch of the IDD Pak-China Friendship Bundles. These exclusive offers ensure that staying connected with loved ones in China has never been easier or more affordable. Zong 4G introduces a range of prepaid bundles tailored to suit every communication need. Customers can choose from the China Offer 75 Mins bundle for just PKR 325, valid for 7 days, or the China Offer 150 Mins bundle at PKR 625, offering 150 minutes of…
The Federal Minister for Planning, Development, and Special Initiatives, Mr. Ahsan Iqbal, visited the Overseas Investors Chamber of Commerce and Industry (OICCI) for an interactive session with foreign investors and business leaders. The session focused on the government’s initiatives aimed at economic stabilization and enabling a conducive business environment in Pakistan. During the session, Mr. Ahsan Iqbal provided an in-depth overview of the government’s economic agenda, highlighting Uraan Pakistan – The 5Es National Economic Transformation Plan. He reaffirmed the government’s commitment to reforms aimed at addressing investor challenges and fostering sustainable growth. “The government is committed to ensuring economic stability…
To support the Government’s efforts in ensuring the availability of high-quality fertilizers at official prices, Engro Fertilizers has inaugurated a Markaz Centre in Muridke. With this addition, the Company now operates four Markaz Centres in Muridke, Bahawalpur, Sargodha, and Sahiwal, benefiting farmers across these regions. Rana Tanveer Hussain, Federal Minister for Industries & Production, and National Food Security & Research, graced the launch event of the Markaz Centre as the chief guest. The event was also attended by National Food Security & Research officials, provincial administrators, senior members of the farming community and Engro Fertilizers officials. Addressing the gathering, Federal…
Gulf is a region in bloom? The Gulf Cooperation Council region, encompassing Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain and Oman, is undergoing a transformation. Historically tied to energy prices, the region is now diversifying its economies and enhancing its attractiveness for domestic and international investors. This is being reflected in equity and bond market performance. GCC economies are projected to grow at a rate of around 4 percent per annum over the next five years, more than double the gross domestic product growth rate of advanced economies. This growth is fuelled by the region’s dominance in global…
In Uraan plan, world bank flags flaw The World Bank has detected a flaw in the recently launched Uraan Pakistan plan, pointing out that the national economic vision lacks the basic ingredient required to fix Pakistan’s ailing economy: “sectoral plans,” it emerged this week. However, Minister for Planning and Development Ahsan Iqbal denied the World Bank’s assertion, stating that the 5E Framework and the home-grown economic plan have been blended and are backed by sectoral targets. LSMI output drops 3.8pc yoy The Large-Scale Manufacturing Industries (LSMI) output fell by 3.8 percent year-on-year (YoY) in November 2024, highlighting persistent challenges in…
Aamir Ibrahim Joins VEON’s Group Executive Committee, Becomes Financial Services Sponsor Across 6 Dynamic Markets: Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Microfinance Bank, has joined the Group Executive Committee (GEC) of VEON in addition to his current responsibilities of heading all VEON businesses in Pakistan. His appointment to the GEC will further strengthen VEON’s strategic alignment to its markets and enable Aamir to contribute further to the Group’s ambitious digital services-driven growth plans. VEON, the largest Nasdaq-listed company with its headquarters in Dubai, is a global digital operator providing integrated connectivity and digital services across six countries.…
AlHuda Cibe signs strategic cooperation agreement with Uzbek industrial and Construction Bank AlHuda Centre of Islamic Banking and Economics (CIBE) has entered into a landmark Cooperation Agreement with JSCB “Uzbek Industrial and Construction Bank” (Sanoatqurilishbank, SQB) during a prestigious signing ceremony held in Dubai, UAE. This momentous occasion marked a significant step towards fostering collaboration in Islamic banking and finance between the two entities. The agreement was signed by Mr. Muhammad Zubair, Managing Director of AlHuda CIBE, and Mr. Shukhrat Yakubov, Deputy Chairman of the Board of SQB. The ceremony was part of the high-level delegation visit led by the…
Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market. KIBOR as a benchmark, to encourage transparency and improve management of the market risk undertaken by banks. Kibor Rates In Pakistan TENOR BID OFFER 1 – Week 12.87 13.37 2 – Week 12.63 13.13 1 – Month 12.30 12.80 3 – Month 11.68 11.93 6 – Month 11.66 11.91 9 – Month 11.59 12.09 1 – Year 11.57 12.07 Last Updated on 20th Jan 2025 Source: SBP
In the past few decades, technological advancements have changed the way we live, work, and interact with the world around us. Among the most transformative technologies are Augmented Reality (AR) and Virtual Reality (VR), which have paved the way for new experiences in entertainment, education, healthcare, and beyond. While both AR and VR provide immersive digital experiences, they are fundamentally different in terms of how they interact with the physical world. As these technologies continue to evolve, they are reshaping industries and offering new opportunities for innovation. Understanding Augmented Reality (AR) Augmented Reality overlays digital information onto the real world,…
The plastic industry in Pakistan plays a vital role in the country’s economy, contributing to various sectors such as packaging, construction, automotive, healthcare, and agriculture. The plastic industry in Pakistan holds immense potential for growth, driven by domestic demand and export opportunities. However, addressing environmental concerns, improving recycling infrastructure, and reducing dependence on imports are essential to achieving long-term sustainability and competitiveness in the global market. Industry Overview Contribution to GDP: The plastic industry is a significant contributor to Pakistan’s manufacturing sector and provides employment to thousands of workers. Export Potential: Pakistan exports plastic products and raw materials to countries…
Agriculture holds a pivotal role in Pakistan’s economy and society, serving as a backbone for the livelihood of millions. This sector not only contributes significantly to the country’s GDP but also ensures food security, employment, and raw materials for industries. With a diverse range of crops, livestock, and agricultural practices, Pakistan’s agricultural landscape is both unique and challenging. Economic Significance The agricultural sector contributes approximately 19% to Pakistan’s GDP and employs nearly 38% of the labor force. It supports allied industries such as textiles, food processing, and livestock, which collectively account for a significant portion of the country’s exports. Cotton,…
In 2025, Pakistan’s international relations are significantly influencing its economic landscape, presenting both opportunities and challenges. It is said that Pakistan’s international relations in this year are playing a pivotal role in shaping its economic trajectory. While strategic partnerships and foreign investments offer avenues for economic growth, they also come with financial obligations and geopolitical complexities that require prudent management. China-Pakistan Economic Corridor (CPEC): The CPEC continues to be a cornerstone of Pakistan’s economic strategy, with substantial Chinese investments in infrastructure and energy projects. While these projects have enhanced Pakistan’s power generation capacity, they have also led to financial obligations.…
In today’s interconnected world, cybersecurity has emerged as a critical concern for individuals, businesses, and governments alike. With the rapid advancement of technology and the proliferation of digital platforms, safeguarding sensitive information and systems has become paramount. This article delves into the importance of cybersecurity, the evolving threat landscape, and best practices to mitigate risks. Understanding Cybersecurity Cybersecurity refers to the practice of protecting systems, networks, and data from digital attacks, unauthorized access, or destruction. It encompasses a wide range of measures, including hardware and software defenses, policies, and user education. The goal is to ensure confidentiality, integrity, and availability—often…
by Anna Fleck Distrust of the news is particularly widespread in the United States and France. According to a survey by Statista Consumer Insights, one in five respondents in each country said that they do not trust mainstream media. This is the highest share of the 21 countries polled. Spanish respondents were similarly skeptical, with 19 percent of respondents answering the same. As the following chart shows, the Swiss are more convinced of their country’s journalistic integrity, with only 13 percent of respondents stating they distrusted Swiss mainstream media. Under one in ten respondents said they distrusted the news in China. You will find more…
by Anna Fleck, Singapore has the most powerful passport in the world, with its citizens able to visit 195 countries and territories without a prior visa, according to the Henley Passport Index. Japan comes in second place, with its citizens able to visit 193 countries, followed by Finland, France, Germany, Italy, South Korea and Spain in joint third, with access to 192 countries. Even though the United States is a little further down the list, coming in 9th place, it still yields considerable power, enabling citizens to enter 186 countries without major restrictions. It’s a level of freedom also enjoyed by passport holders in…
by Anna Fleck According to the Global Energy Monitor, the world’s total nuclear power capacity is currently at 396 gigawatts (GW), with a further 299 GW of capacity underway, whether that’s through nuclear plants that have been announced, or are in the pre-construction or construction phases. The United States is the current leader in nuclear capacity, with 102 GW as of July 2024. It is followed by France (64 GW), China (58 GW), Russia (29 GW), South Korea (27 GW) and Canada (15). But the status quo is soon to change, with China set to rise to pole position in the coming years. A…
by Anna Fleck, In a survey of 21 countries carried out by Statista Consumer Insights, only between 19 and 46 percent of respondents said that they considered environmental protection a major issue for their country. Respondents in Brazil were the most concerned about the environment, with those in Mexico also rating environmental protection as more important than most countries in the survey. The countries rating the environment as a major issue typically also rated many other issues as highly problematic. In China and India, environmental protection was still rated as the second and fourth most important issue, respectively, by respondents in these…
by Felix Richter 2024 was another great year for the so-called “Magnificent Seven”, a group of mega-cap tech companies that dominate the headlines and play an outsized role in the performance of U.S. stock market indices. Nvidia, Meta, Tesla, Amazon, Alphabet and Apple all outperformed the S&P 500 by a significant margin, with Nvidia by far the biggest winner of them all. Once again, the chipmaker delivered on its promise of blockbuster growth, as other companies, first and foremost the remaining Mag Seven, spend tens of billions of dollars to build AI data centers to be ready for the AI-centric future.…
by Anna Fleck, Eight in ten people agree that the average global temperature will increase in 2025, according to an Ipsos survey of more than 23,700 people across 33 countries, conducted between October 25, 2024 and November 8, 2024. Around nine in ten respondents in Indonesia, the Philippines, Malaysia, Singapore and China said they thought this is the case. At the same time, around seven in ten respondents worldwide said it is likely that there will be more extreme weather events in their country in 2025 than in 2024. Despite this consensus, it’s a more of a mixed picture when it comes to…
Pakistan Telecommunication Authority (PTA) recently released the results of its quarterly Quality of Service (QoS) survey in 18x cities of Pakistan during the the 3rd quarter of 2024. During the survey, the performance of Cellular Mobile Operators (CMOs) has been assessed in accordance with the Cellular Mobile Network QoS Regulations. The survey results have positioned Zong as the leading operator in the industry, excelling across key indicators including Network Coverage, Mobile Broadband, Voice, and SMS. Zong not only sets the benchmark for excellence but continue delivering unparalleled connectivity and innovation for its valued customers. Zong’s top ranking in Mobile Network…
GCC countries: from tax havens to global business hubs The Gulf Cooperation Council (GCC) is currently going through its most significant fiscal transformation since its formation. For years, the region has attracted multinational corporations with a ‘zero taxation’ regime, leading to the perception by businesses and governments globally that companies are moving to the region with a view to profit shifting to minimise tax burdens. Now, a global minimum corporate tax rate of 15 percent, championed by the OECD and embraced by more than 140 countries, is seeking to dismantle this practice. Under the proposed tax regime, which is being…
In 2025 Pakistan’s economy needs a boost Pakistan Time and again, has seen fleeting spurts of high growth, averaging five percent, only to be derailed by macroeconomic crises. The fear of the economy “overheating” has often dictated policy, sidelining ambitions for higher and enduring growth. Instead, stabilising the economy at modest growth rates has become the default approach, leaving the country stuck in a cycle of missed potential. But things look different this time. Pakistan stands at a promising crossroads to target growth 2.0. The year 2025, marking the second quarter of the incumbent International Monetary Fund (IMF) program, begins…
Govt to Hire Consultant to Bring Starlink to Pakistan: The Ministry of Information Technology and Telecommunications (MoITT) has decided to complete the hiring of a consultant in a few weeks for regulations in particular for allowing access to Starlink internet in Pakistan. MoITT held a key meeting chaired by Minister of State Shaza Fatima Khawaja on January 6, 2025, to review the progress on Starlink’s licensing and regulatory frameworks for Low Earth Orbit (LEO) satellites. Discussions focused on expediting these processes to ensure a robust regulatory framework for LEO satellites, enhancing connectivity, and driving technological innovation. The Minister emphasized the…
Syngenta offers free-of-cost distribution to 15,000 wheat farmers in Sindh Syngenta Pakistan, a leading agriculture innovation and technology company that provides crop protection, seeds, and digital services to millions of Pakistani farmers, has joined hands with the Government of Sindh for a groundbreaking initiative to support wheat farmers in the province with free-of-cost distribution of their leading herbicide product to 15,000 growers. This program promises to enhance wheat cultivation and maximize yields across 45,000 acres of farmland. The Country General Manager of Syngenta Pakistan, Zeeshan Hasib Baig stated that: “Syngenta Pakistan is strongly committed to support our growers and to…
Kibor rate is the average interest rate at which term deposits are offered between prime banks in the Pakistani wholesale money market or interbank market. KIBOR as a benchmark, to encourage transparency and improve management of the market risk undertaken by banks. Kibor Rates In Pakistan TENOR BID OFFER 1 – Week 12.94 13.44 2 – Week 12.90 13.40 1 – Month 12.79 13.29 3 – Month 11.79 12.04 6 – Month 11.80 12.05 9 – Month 11.86 12.36 1 – Year 11.89 12.39 Last Updated on 6th Jan 2025 Source: SBP
In Pakistan, Traffic rules and the prime responsibility of citizens are critical aspects of ensuring road safety, efficient transportation, and overall societal order. The growing urbanization and increase in vehicular traffic demand that both authorities and citizens play their part in fostering a culture of compliance and accountability on the roads. Ensuring compliance with traffic rules is a shared responsibility between authorities and citizens in Pakistan. Citizens must recognize that their actions directly affect the safety and efficiency of the road network. By adopting a responsible attitude and prioritizing adherence to traffic laws, Pakistan can significantly reduce road accidents, save lives,…
The Internet of Things (IoT) has emerged as a transformative force in the modern technological landscape, seamlessly integrating the physical and digital realms. This network of interconnected devices allows objects to collect, share, and analyze data, enabling smarter decision-making and more efficient operations. From smart homes to industrial automation, IoT is reshaping the way we live and work. What is IoT? At its core, IoT refers to the ecosystem of physical devices embedded with sensors, software, and connectivity features that enable them to communicate with each other and with central systems over the internet. These devices range from everyday household…
The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board, and the President and former provincial minister, Mian Zahid Hussain, said on Thursday that the global political and economic landscape is more likely to deteriorate than improve in 2025. He said that the idea that the situation would improve after the end of the Cold War proved wrong, and various conflicts have increased instead of decreasing. Mian Zahid Hussain said that after the end of the Cold War, millions of…
Truly speaking, the winter season can positively impact Pakistan’s economy in 2024 due to its influence on various sectors, including agriculture, tourism, energy, and consumer spending. While it may not be universally beneficial across all industries, the season brings unique opportunities for economic growth and development. It is said that this season in our country offers significant economic opportunities across various sectors, making it a potentially lucrative time for economic growth. With proper planning and resource allocation, Pakistan can maximize the advantages of this season while addressing its associated challenges. This seasonal boost can complement broader efforts to stabilize and…
Sonraj hosted a star-studded event to celebrate legacy of OMEGA, ‘Tales of Precision’ which is exemplified by the marriage of iconic watches with masterful craftsmanship, at Omega boutique in Dolmen Mall Clifton, Karachi. The exclusive gathering showcased OMEGA’s heritage and commitment to precision through an intimate display of its most celebrated watches. The event attracted a number of distinguished guests including a host of athletes and celebrities. Adding a touch of sporting glory, cricket legends Javed Miandad, Moin Khan, Zaheer Abbas, and Saleem Yousuf graced the occasion, alongside hockey icons Islahuddin Siddiqui, Hasan Sardar, and Samiullah Khan, underlining OMEGA’s enduring…
Pakistan, a land steeped in history, is home to a diverse and vibrant heritage that reflects millennia of cultural evolution. From ancient civilizations to Islamic architecture, Pakistan’s heritage is a remarkable blend of indigenous traditions and influences from around the world. Its historical sites, cultural practices, and artistic achievements paint a vivid picture of a nation that bridges ancient and modern worlds. Indus Valley Civilization: The Cradle of Ancient Sophistication The story of Pakistan’s heritage begins with one of the world’s earliest urban civilizations: the Indus Valley Civilization (3300–1300 BCE). Harappa and Mohenjo-Daro, situated in present-day Punjab and Sindh provinces,…
The world’s fastest growing smartphone brand realme has officially launched the realme C75, a revolutionary device with unparalleled water and dust resistance protection.It features the coveted IP69 rating, a rare inclusion across its price segment in Pakistan. The device is available for PKR 49,999/-. With the realme C75, the brand takes innovation to an entirely new level. Packed with features rarely seen in its price range, this device is designed to meet the demands of modern users: IP69 Rating: Unprecedented water and dust resistance, capable of withstanding high-pressure and high-temperature water jets. 6000mAh Battery with 45W Fast Charging: Offering all-day…
The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board, and the President and former provincial minister, Mian Zahid Hussain, said on Monday that the power bureaucracy is systematically discouraging domestic, commercial and industrial consumers of solar energy, which is regrettable. He said that due to the unaffordable electricity prices, the public and business community are increasingly inclined to use solar energy. Still, instead of cooperating in this regard, power distribution companies are putting up obstacles. Mian Zahid Hussain said…
Public Trust in Tax survey reveals in-depth attitudes to tax across the world Across the globe taxpayers support the idea of a fiscal contract – citizens agreeing to pay tax in exchange for services – but a global poll suggests that only a third see the deal working in practice. Globally the survey found that 52% of respondents agree that taxes are a contribution to the community rather than a cost (25% disagree, rest neutral), but only 33% agree that tax revenues in their country are spent for the public good (46% disagreeing, rest neutral). In addition, 32% agree that…
Alibaba.com, a leading global business-to-business (B2B) e-commerce platform, today announced the launch of Trade Assurance in Pakistan, enabling local small and medium-sized enterprises (SMEs) to trade with enhanced confidence. With this launch, Pakistan joins the ranks of a select few markets where Alibaba.com has introduced this valued service for suppliers. The launch was announced at the 2025 Alibaba.com Pakistan Supplier Export Summit, held in Sialkot, a hub of industrial excellence. At the event, Alibaba.com shared insights into the growth opportunities and emerging trends within the global apparel industry, which is projected to reach a market size of $1.79 trillion in…
Emirates, the world’s largest international airline, has officially launched its new Travel Store in Karachi, making it the airline’s first experiential retail concept to be rolled out in West Asia. Located in the prestigious Sky Tower, Karachi, on Abdul Sattar Edhi Avenue in Clifton, the 183-square-meter store offers immersive experiences grounded in technology, and best-in-class support from dedicated teams on the ground. The store was officially inaugurated by Essa Sulaiman Ahmad, Emirates’ Senior Vice President for Commercial Operations, West Asia and Indian Ocean, in the presence of His Excellency Hamad Obaid Ibrahim Salem Al-Zaabi, Ambassador of the United Arab Emirates…
In a proud moment for Pakistan and the global healthcare community, Dr Zulfiqar Ahmed Bhutta, a global leader in maternal and child health, has been appointed as an Officer of the Order of Canada, one of the country’s most prestigious civilian honours. This recognition celebrates Dr Bhutta’s exceptional contributions to global health, particularly in underserved communities across South Asia, Africa, and beyond. Dr Bhutta’s groundbreaking research has transformed public health policies worldwide and improved countless lives. His work on community health systems, including Pakistan’s Lady Health Worker programme, is regarded as a global model for empowering frontline health workers. Speaking…
Zong 4G, Pakistan’s leading telecom operator, proudly announces the nationwide launch of its Voice over Wi-Fi (VoWiFi) service. This innovative solution leverages cutting-edge technology to enhance communication for users across the country, ensuring seamless connectivity regardless of network coverage limitations. The VoWiFi service allows users to make and receive high-definition voice calls over Wi-Fi networks, eliminating the dependence on cellular signals. This transformative service addresses connectivity challenges in remote and indoor locations with weak network reception, enabling uninterrupted, crystal-clear communication anytime, anywhere. Zong 4G’s VoWiFi service is built on advanced Voice over IP (VoIP) technology, fully integrated into the company’s…
The Institute of Chartered Accountants of Pakistan (ICAP) is proud to mark a milestone with the grand celebration of the 10th National Finance Olympiad (NFO). This landmark event celebrates a decade of financial brilliance, innovation, and leadership, serving as a beacon of excellence for Pakistan’s financial community. Since its inception, the National Finance Olympiad has been a flagship initiative of ICAP’s Professional Accountants in Business (PAIB) Committee. Over ten years, it has grown into a premier platform for finance professionals to showcase their expertise. A total of 52 teams representing various sectors and organisations participated in the rigorous competition, which…
by Anna Fleck, If the last years have shown us anything, it’s that a lot can change, fast. While many events cannot be foreseen, can others? Ipsos asked more than 23,700 people across 33 countries about their predictions for the coming year, with a survey on topics ranging from technology to the environment and world security. This data is based on one survey alone and although it does not focus on additional knowledge of experts and analysts, it does capture a snapshot of sentiments and standpoints in different countries and regions. As the following chart shows, many people around the globe seem to be in agreement over…
by Anna Fleck 2024 will be another year not forgotten any time soon. A look at the biggest trending Google searches can serve as a reminder for just some of the events and situations that have shaped our world over the last 12 months. The following chart looks at the most-googled terms between January 1 and November 23. At the top of the trending news-related searches was the U.S. election. With 3.7 billion people having had the opportunity to go to the polls worldwide this year, 2024 has been dubbed a ‘super year’ for elections. In November, the victory of Republican nominee Donald Trump…
by Anna Fleck The lightning offensive by various Syrian rebel groups that led to the fall of Bashar al-Assad’s regime on Sunday, December 8, 2024, has sparked a wave of hope among Syrians who have sought refuge outside their borders since the start of the civil war in 2011. In Turkey, a country currently hosting more than three million Syrian refugees according to data from the Office of the United Nations High Commissioner for Refugees (UNHCR), there were scenes of joy after the end of five decades of a bloody dictatorship established by Hafez al-Assad and perpetuated by his son Bashar. In the past few…
In today’s fast-paced digital landscape, businesses are constantly seeking innovative ways to optimize operations and enhance productivity. Robotic Process Automation (RPA) has emerged as a revolutionary technology that enables organizations to streamline workflows, reduce errors, and achieve cost efficiency by automating repetitive tasks. This article explores the fundamentals of RPA, its benefits, use cases, and its potential to reshape industries. What is RPA? Robotic Process Automation refers to the use of software robots or “bots” to mimic human actions within digital systems. These bots can interact with applications, extract and process data, and perform routine tasks that were traditionally handled…