Three-year renewal extends Payoneer’s payout relationship across 16 existing markets Payoneer, the global financial technology company powering business growth across borders, has announced the renewal of its strategic partnership with Etsy, the global marketplace for unique and creative goods, through 2029, helping sellers on Etsy around the world access their earnings and manage their businesses across borders. Since launching together in 2023, Payoneer and Etsy have enabled tens of thousands of sellers to receive cross-border payouts and grow their businesses globally. Under the three-year agreement, Payoneer will remain a strategic payments partner to sellers on Etsy across 16 markets in…
Author: PAGE
President of the Pakistan Businessmen and Intellectuals Forum (PBIF) and All Karachi Industrial Alliance, Chairman of the National Business Group Pakistan, Chairman of the FPCCI Policy Advisory Board, and former Provincial IT Minister, Mian Zahid Hussain, has expressed deep concern over the suspension of LNG supply to Pakistan by Qatar until November 5 under the ‘Force Majeure’ clause. He explained that ‘Force Majeure’ is a legal provision that relieves parties from fulfilling their contractual obligations in the event of natural disasters, accidents, or unavoidable emergencies. Noting that Qatar supplies 20 percent of the world’s LNG, he warned that this disruption…
Pakistan Automotive Manufacturers Association (PAMA) has elected Hiroshi Kawamura as its Chairman, Nadeem Malik as Senior Vice Chairman, and Sana Ullah Chaudhry as Vice Chairman. The new office bearers have been elected for the 2026–28 term, following elections conducted in accordance with the applicable Trade Organizations (DGTO) Rules. The representatives of PAMA member companies participated in the electoral process. The newly elected leadership represents major segments of Pakistan’s automotive manufacturing industry, including Cars and Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Farm Tractors, and Two- and Three-Wheelers. The new office bearers will assume their responsibilities for the 2026–28 term…
Power-sector leaders examine implementation strategies towards net-zero electricity by 2040 The LUMS Energy Institute (LEI) convened a National Consultative Workshop on Renewable Energy Transition to advance implementation strategies for clean, affordable and reliable electricity. Building on its report, “The Net Zero Transition: A Pathway to Clean and Sustainable Electricity by 2040,” the consultation brought together key stakeholders from across Pakistan’s power sector to discuss practical steps towards a phased transition. The workshop featured contributions from LEI experts Dr. Salman Rafiq Chaudhary, Engr. Umer Farooq, Dr. Muhammad Uneeb and Dr. Naveed Arshad, alongside representatives from the Ministry of Energy, NGC, ISMO,…
Mega Motor Company (MMC), the official partner of BYD in Pakistan, announced that BYD has reached a major milestone of 10,000 vehicles on Pakistani roads, marking the fastest ramp-up by a new-entrant New Energy Vehicle (NEV) brand in the country’s automotive history. The achievement reflects strong consumer demand, growing confidence in new energy mobility and the momentum BYD-MMC has built in the Pakistani market ahead of the commencement of local assembly. BYD entered Pakistan with the BYD Atto 3 and BYD Seal and has since expanded its portfolio to five models. The lineup now also includes the Atto 2, Pakistan’s…
The collaboration enables Oladoc users to conveniently explore Jubilee Life’s voluntary, annually renewable Term Takaful solutions through its digital healthcare platform Jubilee Life Insurance Company Limited – Window Takaful Operations has entered into a strategic digital collaboration with Oladoc, enabling its digital audience to conveniently access a range of Jubilee Life’s voluntary, annually renewable Term Takaful solutions through an established digital healthcare platform. The collaboration reflects Jubilee Life’s commitment to expanding access to financial protection by integrating its Takaful solutions into the digital healthcare journey. Through the arrangement, Jubilee Life will make its range of protection solutions available to Oladoc…
Zong, Pakistan’s Leading Technology Services Enterprise, has partnered with ConnectHear to introduce AI-powered sign language accessibility at its Customer Service Centers through ConnectHear’s proprietary technology, SILA. The initiative brings technology-enabled Pakistan Sign Language support directly into the customer experience. Launched on 23rd September 2026, the International Day of Sign Languages, the initiative reflects Zong’s evolution from a connectivity provider into a technology services enterprise and digital enabler. It demonstrates how technology and innovation can extend beyond connectivity to remove barriers, improve access to services, and enable more people to participate meaningfully in the digital economy, advancing Zong’s commitment to a…
Rwanda’s 14M and East African Community’s 300M Consumers Offer Vast Opportunities for Pakistani Exporters. India’s Bilateral Trade with Africa Surpasses $100B, China’s Crosses $280B While Pakistan Struggles at $4-5B: Mian Zahid Hussain Mian Zahid Hussain (Sitara-e-Imtiaz, Hon. PhD), President of Pakistan Businessmen and Intellectuals Forum (PBIF) & All Karachi Industrial Alliance (AKIA), Chairman of National Business Group Pakistan (NBG), Chairman of FPCCI Policy Advisory Board, and Former Provincial Minister for Information Technology, has termed the bilateral trade and economic cooperation agreement inked between Pakistan and Rwanda on September 24, 2026, in Kigali during the ‘Rwanda-Pakistan Investment Forum’ a welcome and…
Pakistani Shaadis are iconic and full of colors, delicious food experiences, energetic dances and precious family reunions and traditions. However, behind every magical wedding lie months of chaotic coordination: last-minute outfit emergencies, endless group chats and keeping track of vendor deadlines across a week-long series of events. Whether you are a family member aiming to take your grand family Shaadi to the next level, or a professional wedding planner orchestrating multiple wedding ceremonies and venues, Gemini is here to be your AI partner. Gemini can turn your frantic preparation into a joyous and smooth celebration. Effortless Styling and Vibe Checks…
For more than four decades, the economic relationship between Pakistan and the Kingdom of Saudi Arabia has extended beyond conventional diplomacy. It has been built on a shared conviction that sovereign partnerships can create institutions capable of translating goodwill into development, investments, build enterprises and create economic opportunities and employment generation. Saudi Pak Industrial & Agricultural Investment Company Limited (Saudi Pak) is one such institution, incorporated in 1981 under a joint venture agreement between the Government of the Kingdom of Saudi Arabia and the Government of the Islamic Republic of Pakistan. Saudi Pak conceived as a Development Finance Institution with…
Ministers discuss economy ahead of summit Foreign ministers of the six Gulf Cooperation Council states met in Bahrain’s capital on Sunday to discuss economic integration on the eve of the annual GCC summit, a diplomatic source said. The meeting was held behind closed doors and focused on “the complementary nature of the six members,” whose overall GDP in 2011 amounted to 1.371 billion dollars, the source said. The GCC states — Bahrain, Kuwait, Oman, Qatar, UAE and Saudi Arabia — have a joint population of around 46 million, the majority of whom are foreigners. In 2003, they launched a symbolic…
IMF talks start with reform gaps As the International Monetary Fund (IMF) began talks from Karachi, Pakistan managed to show progress on fiscal and monetary numbers, which would lead to the release of loan tranches, but it failed to meet a few conditions related to an increase in spending on education and healthcare and improving governance. In addition to reviewing the implementation of programme conditions till June this year, the IMF mission on Wednesday also simultaneously began Article-IV consultations – a comprehensive and deeper dive to gauge the health of Pakistan’s economy. On the opening day, the IMF had a…
Minister IT Inaugurates Pakistan’s First National-Level Telecom Repair Centre Established by Huawei in Islamabad: Minister for Information Technology and Telecom Shaza Fatima Khawaja on Thursday inaugurated Huawei Pakistan’s national-level Telecom Equipment Repair Centre in Islamabad, marking a significant step toward developing local technical capabilities and strengthening Pakistan’s digital infrastructure. The Huawei Pakistan Repair Facility has been established to provide local repair, testing, troubleshooting, and maintenance services for Huawei telecommunications equipment deployed across the country. Geely Takes on BYD With New EV Charger That Adds 70% Battery in 4.5 Minutes: Geely has introduced a new 2.2MW ultra-fast electric vehicle charging system…
NBP Digitizes Passport Fee Payments Through Raast P2M QR National Bank of Pakistan (NBP) has successfully enabled digital passport fee collections through Raast Person-to-Merchant (P2M) QR, allowing citizens to conveniently pay passport fees through the mobile applications of participating banks. The initiative represents another step in NBP’s ongoing digital transformation journey and supports the Government of Pakistan’s broader Cashless Pakistan agenda, which seeks to expand digital payments and accelerate the digitization of government payments and receipts. To review the implementation and explore opportunities for further collaboration, Ch. Muhammad Ali Randhawa, Director General Immigration & Passports, along with his team, visited…
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 11.39 11.89 2 – Week 11.41 11.91 1 – Month 11.46 11.96 3 – Month 11.54 11.79 6 – Month 11.77 12.02 9 – Month 11.86 12.36 1 – Year 11.91 12.41 Last Updated on 28th Sep 2026 Source: SBP
Iqra University’s Department of Media Science successfully staged “Media Unveiled 2026” with an impressive range of advertising, media and design projects, highlighting the creative potential and practical skills of students from different semesters. The exhibition featured Final Year Thesis projects by BS Media Science Advertising students, spanning App Design, Product Design and Service Concepts. Developed through a year-long research and creative process, the projects reflected fresh ideas, thoughtful problem-solving and a strong understanding of contemporary advertising and user experience. Students also presented compelling work in Art Direction and Interior Design. The Art Direction projects, developed under the guidance of Mr.…
President of the Pakistan Businessmen and Intellectuals Forum (PBIF) and All Karachi Industrial Alliance, Chairman of the National Business Group Pakistan, Chairman of the FPCCI Policy Advisory Board, and former Provincial IT Minister, Mian Zahid Hussain, has expressed his profound appreciation for the fuel relief program initiated by Prime Minister Mian Muhammad Shehbaz Sharif for low-income citizens. However, he warned that with fuel prices for industrial and commercial users still at extremely high levels, the industrial and transport sectors face a crisis of survival, posing severe threats to national exports and overall economic stability. Mian Zahid Hussain said that the…
Google DeepMind and Google Research have introduced WeatherNext 3, an advanced AI-powered global weather forecasting model engineered to deliver localized, real-time climate intelligence at unprecedented resolution. By directly ingesting live geostationary satellite mosaics and real-world ground station data, WeatherNext 3 eliminates traditional reliance on slow, compute-heavy numerical approximations. The result is an operational system that produces fresh forecasts every hour of the day at up to 5-kilometer spatial resolution—roughly five times sharper than its predecessor. Key Breakthroughs & Capabilities: Continuous Hourly Forecasting: Generates new predictions every hour, providing vital lead time as storms, fronts, and extreme weather develop rapidly. Ultra-High…
BYD, the world’s No. 1 NEV brand, in partnership with Mega Motor Company (MMC), is showcasing the next chapter of new energy mobility in Pakistan at the Pakistan Auto Show (PAPS) 2026, bringing together electric and plug-in hybrid vehicles alongside the introduction of a new brand and a range of genuine BYD accessories designed to enhance the ownership experience. At the centre of the showcase is the BYD SEALION 6, which is planned to become BYD’s first locally assembled vehicle in Pakistan, with production targeted to commence in Q4 2026. The entire lineup at PAPS 2026 features the BYD…
Mediavest, the media agency of Brainchild Communications Pakistan, has been named the No. 1 Agency at the Dragons of Pakistan 2026, marking a significant achievement for the agency and its teams. The recognition comes in a year that saw increased participation from agencies and clients, making the competition at the Dragons of Pakistan more extensive than in previous editions. Securing the top position against a stronger and broader field underscores the significance of Mediavest’s achievement. The recognition reflects Mediavest’s continued focus on strategic thinking, effective media solutions and impactful work for its clients, further strengthening its position within Pakistan’s advertising…
Following its recent launch in Pakistan, the realme C100 Series is now officially available for first sale, entering the market with a proposition that has already started generating strong attention. Led by an 8000mAh Titan Long-Lasting Battery – a capacity rarely seen in this price segment – the lineup is building early momentum among buyers looking for longer battery life, durability and smooth everyday performance. As first-sale availability begins, the C100 Series moves from launch buzz into the market, with its large battery becoming a key point of differentiation and helping drive growing interest around the lineup. Pricing and Availability…
Google DeepMind has unveiled AlphaGenome Atlas, a groundbreaking artificial intelligence platform designed to decode the non-coding genome and map regulatory biology across human tissues with base-pair precision. While mapping protein structures transformed structural biology, understanding how genes turn on, off, and malfunction has remained one of medicine’s steepest hurdles. AlphaGenome Atlas bridges this gap by predicting transcription factor binding, chromatin accessibility, histone modifications, and the downstream impacts of genetic variants directly from raw DNA sequences—providing researchers with a high-resolution, navigable atlas of gene regulation. Key Breakthroughs & Capabilities: Mapping the Non-Coding Genome: Decodes the 98% of human DNA that does…
31% decline in reported grave traffic violations, from 9.83 to 6.76 incidents per million trips 47% decline in reported reckless driving incidents, from 19.25 to 10.1 per million trips across MENA and South Asia 24/7 urgent support with first contact targeted within five minutes in 90% of cases Yango Ride has released its 2024–2025 Safety Report, highlighting continued progress in using technology, verification systems and human-led support to strengthen safety across its markets. In Pakistan, the report reveals a 31% decline in post-trip contacts, reflecting the impact of privacy-focused communication tools designed to help passengers and partner drivers communicate without…
Oxford economics: GCC real gdp projected to grow by 6.8pc in 2027 A report by Oxford Economics projects that the real GDP of Gulf Cooperation Council (GCC) countries will grow by 6.8 percent in 2027, significantly exceeding the estimated 5.4 percent contraction expected this year. Our baseline forecast indicates that GDP will return to pre-war levels by mid-2027. We anticipate the coming year to be pivotal for the GCC; the region must recover rapidly from the repercussions of the regional conflict to restore international confidence and mitigate lasting negative impacts—such as long-term damage to the tourism, migration, and foreign direct…
Australia, Pakistan eye $3bn trade Australian High Commissioner Timothy Kane has said negotiations on a modernised Pakistan-Australia Bilateral Investment Treaty are expected to conclude by December, a move that could encourage greater Australian investment in Pakistan, according to a statement issued on Wednesday. Australia and Pakistan have a treaty dating back to 1998, but it needs to be modernised according to the changing requirements of both economies, Kane said while speaking at the Lahore Chamber of Commerce and Industry (LCCI). Bilateral trade in goods declined from $973 million in 2024-25 to $672 million in 2025-26, according to State Bank of…
IT Ministry Revises Telecom Bill After Private Property Concerns: The Ministry of Information Technology and Telecommunication has prepared a revised draft of the Pakistan Telecommunication (Re-organisation) Amendment Bill after reviewing recommendations from a committee formed by the Prime Minister. The National Assembly had passed the earlier version of the bill on June 11, 2026. It was then introduced in the Senate, which referred it to the relevant standing committee on June 15. iPhone 17 Gets Major Price Cuts Ahead of iPhone 18 Launch: Apple’s iPhone 17 lineup is receiving larger discounts across several countries just days before the company’s September…
Philip Morris (Pakistan) Limited (PMPKL) celebrates successful completion of Skills Training Project 2026, empowering approximately 1,000 youth across tobacco-growing communities As part of its commitment to social sustainability and the well-being of tobacco-growing communities, Philip Morris (Pakistan) Limited (PMPKL) celebrated the successful completion of its Skills Training Project 2026 with a graduation and exhibition ceremony in Swabi. Since its launch in 2021, the Skills Training Project has become a key component of PMPKL’s efforts to support the elimination of child labour risks in tobacco-growing communities by expanding access to skills development, learning opportunities, and future livelihood pathways for adolescent children…
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 11.38 11.88 2 – Week 11.40 11.90 1 – Month 11.46 11.96 3 – Month 11.53 11.78 6 – Month 11.74 11.99 9 – Month 11.79 12.29 1 – Year 11.81 12.31 Last Updated on 14th Sep 2026 Source: SBP
Ufone and Telenor Pakistan have secured nine awards at the Dragons of Pakistan 2026, comprising two Gold, two Silver and five Black Dragons, across Marketing, Public Relations, Media, Digital, Content Creation and Small Budget categories. Ufone secured five awards, led by its campaign, “Babar Azam’s Lost Phone, Data Bohhaaat Hai,” which won Gold Dragons in both Marketing Discipline and Public Relations, as well as a Black Dragon in Media. The brand also received a Silver Dragon in Media for “Super 5” and a Silver Dragon in Digital for “5G Launch: It’s More Than Just Speed.” Telenor Pakistan added four Black…
Dr. Abdul Bari Khan, Founder, President & CEO of the Indus Hospital & Health Network, has been honored with the 2026 James and Carol Hovey Eisenhower Fellowships Impact Award for building one of the world’s largest networks providing high-quality health care to millions of patients, free of cost. Dr. Abdul Bari Khan, an Eisenhower Fellow from Pakistan in 2004, was selected for EF’s fourth annual Hovey Impact Award, which recognizes outstanding achievement by an Eisenhower Fellow in generating positive impact in their society. Dr. Abdul Bari Khan has dedicated this award to the people of Pakistan, whose trust and resilience…
by Katharina Buchholz, In a survey of 32 countries carried out by Statista Consumer Insights, a majority of respondents indicated that they were not overly concerned about AI-generated news. There was variation between nations, however, as between 16 percent and 45 percent of respondents said they would want to know if the news they consumed was AI generated in a multi-pick question. As part of the same question, respondents were asked, among others, if they worried about mainstream media news being manipulated, which between 24 percent and 51 percent said they did. The least interest in finding out about the potential AI-generated origins of their…
by Felix Richter, While the AI economy sometimes feels like a closed loop between hyperscalers, chipmakers and frontier AI labs, the massive investments in AI infrastructure have spillover effects on other markets. One of these markets is consumer electronics, which is struggling with the AI-induced surge in memory prices. As component costs rise, major manufacturers have increased U.S. list prices for selected devices by up to 60 percent in 2026. Sony and Microsoft, for example, were forced to increase prices for their video game consoles for the second time in less than a year. Microsoft said it had worked with suppliers for months…
by Katharina Buchholz, While concerts were canceled during the Covid-19 pandemic and revenues fell to desperate lows, live music came back in full swing in the years that followed – and then some. In the post-Covid age, performers are making a splash with global tours. In 2023, Taylor Swift became the first ever performer to gross over $1 billion for a tour, according to estimates by entertainment magazine Pollstar. That same year, Beyoncé made international headlines too for her sell-out Renaissance World Tour, which was so successful that it even impacted the local economies of the places she played – partly driven by American fans who…
by Katharina Buchholz, Data by Statista Consumer Insights shows that young people are often worried about unemployment to a similar degree than the general public. In nations very affected by the issue, the youth interestingly worried less than adults overall, while high excess youth worry could be seen in China and Canada as well as the United Kingdom, Australia and Italy. As a tendency, youths worried more in countries with overall lower levels of concern. Many people view unemployment as a major issue in Latin American, African and Southern European countries, the survey showed. These are all world regions which experience high unemployment rates.…
by Jack Lillis Travel and tourism trails most other industries when it comes to AI-ready talent, according to data from LinkedIn and BCG. Just 2.9% of the sector’s workforce holds AI skills, placing it ahead of only consumer goods (2.1%) and far behind telco media tech, where the figure stands at 21.3%. The gap narrows somewhat on skill depth: travel and tourism employees with AI capabilities average 3.8 skills each, closer to the 4.7 recorded in telco media tech and financial institutions. Where the sector does show momentum is in hiring. AI skills growth in travel and tourism runs at 4.7%, outpacing…
by Katharina Buchholz, Video games are not only popular among kids. Around the world, millions of adults play video games too, using gaming consoles, computers and – to an increasing extent – their mobile phones. Recently, gaming also grew in popularity when the coronavirus pandemic increased time spent at home. According to Statista’s Consumer Insights, the Philippines is the country with the highest number of adult gamers out of a sample of 27 nations. 94 percent of residents say they game at least occasionally, with many fans of mobile gaming among them. Mobile gaming – a huge growth market – has won over people not…
by Felix Richter Apple’s success over the past decade has not rested solely on selling individual devices, but on building an entire ecosystem of hardware and services that work together seamlessly. This has resulted in a fierce brand loyalty among Apple users, who are often fully committed to the Apple universe. According to Statista Consumer Insights, 92 percent of U.S. iPhone users say they are likely to choose the same smartphone brand again in the future, putting Apple ahead of Samsung and Google. The same pattern appears across other product categories. Apple leads Samsung and Fitbit in wearables and smartwatches, with 89 percent of users saying…
by Katharina Buchholz, Data from the Ukraine Support Tracker at the Kiel Institute for the World Economy released this week shows that aid flow to Ukraine from European countries has picked up as the U.S. ceased support. As of June 30, allocations by EU institutions reached $110 billion, while those by the U.S. continue to stand at $133 billion. Germany and the United Kingdom continue to be the biggest individual supporters of Ukraine in Europe, while aid from other major economies on the continent including France and Italy has continued to lag. The latter countries have so far committed around 1 percent each of their 2021…
by Katharina Buchholz New records for global high temperatures keep getting set every few years now. Nevertheless, the topic of climate change has still not reached the top of the agenda for many people, as data from Statista Consumer Insights shows. Respondents in none of the 32 nations covered by the survey collectively rate climate change as the most important problem for their own country when asked to name the issues that are of the biggest significance to them. Of the countries included in the survey, the United Arab Emirates come closest with climate change being named as a severe issue by a third of…
by Felix Richter, One interesting side effect of the rising adoption of AI tools is a growing sense of suspicion that any type of digital content we consume may have been created by AI. Whenever people now encounter an em dash – once an innocent punctation mark – the “this is AI” alarm bells go off. After all, the “ChatGPT hyphen” is widely known as one of several tells that a text may have been written by AI. However, the em dash alone doesn’t prove AI authorship. It’s been around for much longer than ChatGPT and many writers continue to use it. When combined with…
Robots are rapidly moving from science fiction into everyday life, transforming industries, businesses, and homes. From automated factories and warehouses to healthcare, agriculture, and space exploration, robotics technology is becoming an important part of the global digital economy. The Rise of Robotics Advances in artificial intelligence (AI), machine learning, sensors, and automation have made modern robots more capable and adaptable. Unlike traditional machines designed for a single repetitive task, intelligent robots can increasingly analyze their surroundings, learn from data, and perform complex operations with greater precision. Manufacturing remains one of the biggest users of industrial robots. Automated systems can assemble…
AI Is Driving a New Investment Cycle The global technology landscape is entering a powerful new investment cycle, driven by the rapid expansion of artificial intelligence (AI). At the heart of this transformation are semiconductors, advanced computing systems and the infrastructure required to support them. Global semiconductor sales reached a record $795.6 billion in 2025, highlighting the extraordinary momentum behind the chip industry. From Chips to Data Centers The AI revolution is creating demand far beyond processors. Powerful AI systems require massive data centers, high-speed networks, advanced cooling systems and reliable electricity. As companies expand AI computing capacity, investment is…
Climate change is no longer a distant environmental concern; it is one of the defining challenges of the modern world. Rising temperatures, extreme weather events, changing rainfall patterns, melting glaciers, and rising sea levels are affecting economies, communities, agriculture, and ecosystems worldwide. What Is Driving Climate Change? The primary driver of modern climate change is the increasing concentration of greenhouse gases in the atmosphere. Burning coal, oil, and natural gas for energy, transportation, and industrial activities releases carbon dioxide and other emissions that trap heat and warm the planet. Deforestation and unsustainable land use also contribute to the problem by reducing…
Artificial intelligence continues to reshape how professionals across every sector deliver their work, and the practice of law is no exception. On Wednesday, 2 September 2026, at the Mövenpick Hotel in Karachi, Rabel Akhund of the leading corporate law firm Akhund Forbes brought that evolution to the Pakistani legal sector with the launch of Conclavity, a legal intelligence platform built specifically for the practice of Pakistani law and grounded in Pakistani statute. The launch is understood to be the first of its kind in the country: a commercial legal AI tool developed in Pakistan, by Pakistani lawyers, around the body…
Standard Chartered Bank Pakistan and Dolmen Group have partnered to enhance access to premium home ownership through exclusive financing for clients interested in Grove Residency, Dolmen Group’s latest residential development in Karachi. As part of the collaboration, eligible clients can benefit from savings of at least PKR 5 million on qualifying purchases, alongside access to tailored home financing solutions. Combining Standard Chartered’s home finance expertise with Dolmen Group’s experience in creating landmark developments, the initiative is designed to provide prospective homeowners with greater value and flexibility as they plan one of life’s most important investments. Located near the KPT Interchange…
Wafi Energy Pakistan Limited’s Tameer Trust has partnered with The Dawood Foundation (TDF) to support access to STEM (Science, Technology, Engineering and Mathematics) education and experiential learning for children from underserved communities through TDF’s MagnifiScience Centre. Under the partnership, students from underserved communities will be sponsored to visit and experience the MagnifiScience Centre, providing them with an opportunity to engage with science through interactive activities and hands-on learning. The partnership builds on Wafi Energy’s continued support for initiatives that provide young people with opportunities to learn and develop new skills. Commenting on the partnership, Zubair Shaikh, Chief Executive Officer, Wafi…
Synergy Group, Pakistan’s largest integrated marketing communications conglomerate, secured seven wins across multiple categories at the prestigious Dragons of Pakistan 2026 Awards, where Pakistani entries are assessed by international judging panels based outside the country through an authentic, impartial and merit-based evaluation process. The honours recognise the creative and strategic work delivered by Synergy Group’s subsidiaries, Synergy Advertising and Synite Digital, for Pakistan State Oil (PSO) and KFC Pakistan, respectively. Together, the agencies secured three Gold, two Silver and two Bronze Dragons. Synergy Advertising secured five Dragon honours for PSO, comprising one Gold Dragon for the Safety Starts Young campaign,…
The Society of Medical Oncology-Pakistan (SMO-P) hosted the officially licensed Best of the American Society of Clinical Oncology (ASCO) 2026 Annual Meeting from Aug 28 to 30, bringing together national and international oncology experts to discuss recent developments in cancer prevention, diagnosis and treatment. Held in Lahore, the meeting focused on translating advances in global cancer research into clinical practice in Pakistan, where access to specialist care and innovative therapies remains a challenge. Sessions covered access to new cancer medicines, emerging therapies, multidisciplinary care, immunisation in cancer patients and the application of clinical research in routine practice. The conference also…
Zindigi, powered by JS Bank, and DAT AI Systems have signed a Memorandum of Understanding (MoU) to explore and jointly develop technology-led financial and digital solutions for government entities, educational institutions, corporates and other organizations. The collaboration combines Zindigi’s digital banking and payment capabilities with DAT AI Systems’ technology expertise. Together, the two organizations will explore integrated solutions for digital payments, identity, fee collection, account and wallet services, disbursements and institutional operations. Founded in 2023, DAT AI Systems is a Pakistan-based technology company developing AI- and messaging-enabled solutions for workforce management, data collection and real-time operations. Its technology has been…
Ufone and Telenor Pakistan have secured nine awards at the Dragons of Pakistan 2026, comprising two Gold, two Silver and five Black Dragons, across Marketing, Public Relations, Media, Digital, Content Creation and Small Budget categories. Ufone secured five awards, led by its campaign, “Babar Azam’s Lost Phone, Data Bohhaaat Hai,” which won Gold Dragons in both Marketing Discipline and Public Relations, as well as a Black Dragon in Media. The brand also received a Silver Dragon in Media for “Super 5” and a Silver Dragon in Digital for “5G Launch: It’s More Than Just Speed.” Telenor Pakistan added four Black…
Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI, and Former Provincial Minister Information Technology, has welcomed the proposed $6 billion investment for upgrading Pakistan’s five oil refineries. He described the initiative as a historic opportunity to strengthen Pakistan’s energy security, reduce dependence on imported finished fuels and modernise one of the country’s most important industries through advanced technology. Mian Zahid Hussain said PARCO, Pakistan Refinery, National Refinery, Cynergico and Attock Refinery have confirmed their readiness to sign agreements under the government’s Brownfield Refinery Upgradation…
Post-Defence Pact, Partnership in Trade, Investment and Food Security Is a Game Changer: Mian Zahid Hussain Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI, and Former Provincial Minister Information Technology, has welcomed the Pakistan–Saudi Arabia conclusion to raise Pakistan’s annual agricultural and food exports to the Kingdom to $3 billion annually within the next two years. He said the Makkah Joint Defence Agreement, concluded among Pakistan, Saudi Arabia and Türkiye on August 7, has provided a foundation and direction to relations among the three…
TPT 360, a subsidiary of Transgroup FZE UAE, will deliver the official broadcast production for the DP World Women’s Asia Cup 2026, conducted by the Asian Cricket Council. The premier T20I tournament, featuring 15 matches, will be held at the Dubai Cricket Stadium, UAE, from August 28 through the grand finale on September 13, 2026. To capture the energy and intensity of the tournament, the broadcast will feature a comprehensive multi-camera setup, including super slomo and spin vision cameras. The extensive coverage will utilize the latest GV LDX 150 cameras and Zing stumps, alongside the latest GFX specially created for…
Begin, the global OTT platform focused on delivering premium entertainment and sports content, has announced a strategic technology partnership with Huawei and Allianz Hosting FZ LLC to strengthen its cloud infrastructure, content delivery capabilities and artificial intelligence ecosystem. The collaboration will support Begin’s continued expansion across international markets while enhancing platform performance, scalability, content operations and digital content protection. Under the partnership, Begin will leverage Huawei’s technology capabilities across cloud computing, storage, databases, content delivery networks (CDNs) and AI services. Allianz Hosting FZ LLC will support the deployment and commercial technology framework required to enable Begin’s growth objectives. A key…
Zong, Pakistan’s leading technology services enterprise, has emerged as the only telecom operator to win Gold for its 5G campaigns at the Dragons of Asia Awards 2026, taking home 5 awards including 2 Gold, 1 Bronze & 2 Black Dragon Awards, celebrating the creative and marketing excellence behind its ‘5G Launch’ and ‘Aisa Hai Future’ campaigns, alongside further recognition for its ‘Zong My5 2025’ and ‘Pro Max Hattrick campaigns’. The achievement marks a significant milestone for Zong, reflecting the creative excellence driving its entire brand strategy and communication, as well as the company’s broader ambition to translate the possibilities of…
The SouthAsia Forum, a private-sector think tank, founded in 1996 and dedicated to promoting informed discourse on regional and global issues, has nominated Faisal Siddiqi as its new Secretary General. Siddiqi is an experienced corporate communications professional with extensive experience in public affairs and advocacy, reputation building and strategic communications. His appointment is expected to further strengthen the Forum’s efforts to facilitate meaningful dialogue and contribute to a deeper understanding of the social, cultural, business, economic and political dynamics shaping South Asia. Commenting on the appointment, Chairman SouthAsia Forum Syed Jawaid Iqbal welcomed Siddiqi and expressed confidence in his ability…
Qatar cuts government budget Qatar has cut government department budgets by up to 30 percent as the Gulf state grapples with the collapse in LNG revenues. The figure was disclosed in a Financial Times report. LNG is the foundation of the Qatar economy, historically generating tens of billions of dollars annually, and providing around 83 percent of total government revenue. Surplus LNG profits fuel the Qatar Investment Authority, one of the world’s largest wealth funds, which can provide a buffer through the crisis. Since the start of the war at the end of February, Ras Laffan production has impacted by…
1.8mn jobs at risk over auto strategy The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has appealed directly to Prime Minister Shehbaz Sharif and senior cabinet members to retain safeguards against the misuse of used-car import schemes as the government finalises the Auto Policy 2026-31. In a letter to the prime minister, the finance minister, the minister for industries and production, and other relevant authorities, PAAPAM Chairman Usman Aslam Malik warned that dropping the proposed one-year mandatory non-transfer condition on vehicles imported under overseas facilitation schemes would inflict serious damage on the domestic automotive sector and undo recent…
Pakistan’s Crypto Czar Eyes $400 Million Remittance Savings Through Stablecoins: Pakistan could save around $400 million annually by using regulated stablecoins for remittances if the technology reduces transaction costs by one percentage point on the country’s roughly $40 billion annual remittance inflows, Bilal bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), said. Pixel 11 Pro Fold Still Weak at the Same Spot After Four Years: Google’s Pixel 11 Pro Fold has gone through JerryRigEverything’s durability test, and while the latest foldable improves in some areas, it still breaks at the same structural weak point seen on Google’s…
Mobilink Bank, Yango Pakistan partner to enable Shariah-compliant financing and Embedded Insurance for Registered Drivers Pakistan’s leading digital microfinance bank, Mobilink Bank, and Yango, part of the global technology company Yango Group, have partnered to provide eligible Yango partner drivers and couriers with access to Shariah-compliant vehicle and handset financing, embedded Takaful protection, and inclusive digital banking and payment solutions. The partnership aims to strengthen financial inclusion by supporting partner drivers with solutions tailored to their livelihood and business needs. This collaboration recognizes the vehicle as a core productive asset for ride-hailing drivers and brings financing and financial services together…
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 11.36 11.86 2 – Week 11.38 11.88 1 – Month 11.41 11.91 3 – Month 11.48 11.73 6 – Month 11.56 11.81 9 – Month 11.62 12.12 1 – Year 11.66 12.16 Last Updated on 31st Aug 2026 Source: SBP
The finale, presented by Sooper—the country’s largest brand and proudly born in Pakistan—celebrates emerging talent with a legendary and iconic panel of judges. Pakistan Idol concluded on a spectacular note as Hira Qaiser was crowned the Pakistan Idol SOOPER Star, marking the culmination of a nationwide search for Pakistan’s next musical sensation. Shahzain Munir, Executive Director at English Biscuit Manufacturers (EBM), presented the trophy to Qaiser during the grand finale, concluding a landmark season that brought emerging voices from across the country to the national stage. The Sooper Finale featured a surprise performance by Atif Aslam, marking his return after…
IBA Karachi and DHA Islamabad–Rawalpindi have entered an important collaboration in the field of education. The groundbreaking ceremony for IBA Karachi’s Islamabad Campus was held in DHA Islamabad Phase 5. Dr. S Akbar Zaidi, Executive Director, IBA Karachi, the Administrator of DHA Islamabad, along with experts and officials from various academic fields, attended the ceremony. IBA Karachi-Islamabad Campus will prove to be an important milestone for Pakistan’s education sector. — Dr. S Akbar Zaidi The establishment of the campus will provide students from Islamabad, Rawalpindi, Khyber Pakhtunkhwa, and the northern regions with access to education of international standards. Islamabad Campus…
As Independence Day celebrations came to an end across Karachi, employees of Indus Motor Company Limited (IMC), manufacturer of Toyota vehicles in Pakistan, took to the city’s streets for a different kind of national service: collecting national flags and buntings left behind in public spaces. The annual National Flag Collection Drive brings together employee volunteers to recover flags from roads, pavements and other public areas after the August 14 celebrations, ensuring that the national symbol is treated with the respect it deserves. This year, volunteers covered areas including Steel Town, Surjani Town, Orangi Town, Maripur, Super Highway and Airmen Club…
BankIslami hosted a reception to commemorate Pakistan’s 79th Independence Day, bringing together distinguished representatives from the government, law enforcement, the diplomatic community and the private sector. The gathering reflected a shared commitment to Pakistan’s continued progress and the collective responsibility of its institutions to contribute to a stronger and more prosperous future. The reception was attended by Muhammad Junaid Anwar Chaudhry, Federal Minister for Maritime Affairs; Javed Alam Odho, Inspector General of Sindh Police; members of civil society, entrepreneurs, industrialists and educationists, along with members of BankIslami’s senior leadership. Speaking on the occasion, Honourable Muhammad Junaid Anwar Chaudhry, Federal Minister…
In keeping with a traditional practice, a flag-hoisting ceremony was held in SSGC Head Office to celebrate Pakistan’s 79th Independence Day, in a befitting manner۔ Amin Rajput، MD، SSGC hoisted the national flag۔ He joined the Company’s senior management and executives in singing the national anthem in unison. Speaking on the occasion, MD, SSGC stressed that the independence day must be seen as a day to strengthen our resolve to make Pakistan a country as envisioned by our founding fathers. He pointed out that as a state-owned enterprise, SSGC is indirectly working for for progress and development of Pakistan. The…
National Bank of Pakistan (NBP) celebrated the 79th Independence Day of Pakistan with a ceremony held at its Head Office in Karachi, attended by President & CEO Mr. Rehmat Ali Hasnie, senior management, and staff members from across the Bank. The event included hoisting of the national flag by the President, singing of the national anthem and a cake cutting ceremony. Addressing the gathering, Rehmat Hasnie paid tribute to the sacrifices of the nation’s founders and Armed Forces, and spoke about NBP’s role in advancing financial inclusion and economic empowerment across Pakistan. “Real freedom means economic empowerment and financial inclusion…
From free date changes to industry-first comprehensive travel insurance, Emirates continues to give customers greater flexibility and more choice, as well as the ability to tailor their travel plans for more peace of mind, from booking to the moment they arrive at their destination. Here are the latest measures at a glance: 1. Unlimited free date changes to Dubai From 10 August 2026, customers travelling to Dubai can change their travel dates as many times as they need, free of charge, across every type of fare. Unlimited, free of charge changes run across Saver all the way through to Flex…
As part of its Independence Day campaign, ‘Pakistan Jitna Jawan’, Pakistan Telecommunication Company Limited (PTCL), in collaboration with the World Wildlife Fund for Nature (WWF), organized a tree plantation drive at the PTCL Training Academy in Islamabad under the banner of ‘Plant for Pakistan’, reaffirming a shared commitment to building a cleaner, greener and more sustainable Pakistan. Nadeem Khan, CEO, PTCL, and Rab Nawaz, Senior Director Programmes, WWF-Pakistan, participated in the plantation activity, joined by executive management from both organizations and members of the PTCL family. The initiative brought together employees and leadership in a collective effort to contribute towards…
GCC leads global shift to programme-scale AI The Gulf Cooperation Council (GCC) has become one of the world’s fastest-moving regions for artificial intelligence (AI) adoption in infrastructure as governments, asset owners and developers embed digital transformation into national development strategies, according to a top executive of US-headquartered global technology, engineering, and defense firm Parsons. Max Clark, Chief Technology Officer for Europe, the Middle East and Africa (EMEA) at Parsons, told Zawya Projects that AI is no longer being deployed only on individual projects but is increasingly being implemented across entire infrastructure programmes and portfolios. “It has become embedded in National…
Pakistan, Iran to raise power imports beyond 100mw Pakistan and Iran have agreed to strengthen energy cooperation, with work on a second cross-border transmission line expected to begin soon and discussions underway to expand the current 100 MW electricity supply arrangement, officials said on Thursday. The development came during a meeting between Federal Minister for Energy (Power Division) Sardar Awais Ahmad Khan Leghari and Iranian Ambassador Dr Reza Amiri Moghaddam in Islamabad. Moghaddam expressed gratitude for Pakistan’s support during challenging times and highlighted ongoing energy cooperation, including existing transmission infrastructure. He noted that Pakistani energy institutions, including CPPA-G, QESCO and…
DynaSys Networks and NUST Sign Trailblazing Academia – Industry Partnership on IoT in Pakistan: DynaSys Networks (DynaSys), Pakistan’s leading LPWAN IoT network operator and developer of Internet of Things (IoT) and Artificial Intelligence for IoT (AIoT) solutions, has signed a strategic Memorandum of Understanding (MoU) with the School of Electrical Engineering and Computer Science (SEECS) at National University of Sciences and Technology (NUST), Pakistan’s leading engineering and technology university, to drive collaborative research, technology development, and commercialization of practical IoT solutions. The partnership represents a national initiative to strengthen Pakistan’s digital ecosystem, accelerate indigenous innovation, and build technological capacity across sectors critical…
Toyota Reinforces Leadership in Inclusive Employment at Reverse Career Expo Indus Motor Company (IMC), under its Concern Beyond Cars initiative, reinforced its commitment to building a more diverse and inclusive workforce by serving as the title sponsor of the Reverse Career Expo 2.0, an innovative recruitment platform designed to connect employers with talented Persons with Disabilities (PWDs). Organized by ASHREITECH Academy at the National Aerospace Science & Technology Park (NASTP), Karachi, the event brought together leading employers, industry leaders, government representatives and disability support organizations to promote inclusive hiring and equitable employment opportunities. Unlike conventional job fairs where employers showcase…
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 11.36 11.86 2 – Week 11.36 11.86 1 – Month 11.39 11.89 3 – Month 11.41 11.66 6 – Month 11.50 11.75 9 – Month 11.55 12.05 1 – Year 11.59 12.09 Last Updated on 17th Aug 2026 Source: SBP
MCB Bank Limited is pleased to announce its financial results for the half year ended June 30, 2026, reflecting resilient performance supported by strong fundamentals, disciplined execution, and balance sheet strength amid a challenging macroeconomic environment. The Board of Directors of MCB Bank, under the Chairmanship of Mian Mohammad Mansha, reviewed and approved the Bank’s financial statements for the half year ended June 30, 2026. The Board of Directors declared a second interim cash dividend of Rs. 9.00 per share (90%), taking the cumulative cash dividend for 2026 to Rs. 18.00 per share (180%). The consistent dividend payout underscores the…
Big sale moments are an opportunity to get the “fitcheck” pieces you’ve been eyeing on. But scoring your next “aesthetic” look requires strategy to find the items you want at reasonable prices. Quality does not have to be expensive. Finding clothes that look great and last longer is all about shopping smart which is also good for the planet. Your next favorite wardrobe staple is just a search, snap, or circle away with Google as your digital shopping partner. 1- Plan your shopping strategy with AI Mode Mapping out your 7.7 haul across multiple e-commerce platforms can get overwhelming. AI…
New report identifies significant opportunities to connect Islamic capital with high-growth markets across South Asia through stronger cross-border financing corridors Sukuk, private credit and digital infrastructure expected to drive the next phase of Islamic finance growth A new Standard Chartered report highlights significant opportunities to strengthen Islamic finance connectivity across South Asia by better linking liquidity-rich markets with economies seeking long-term investment, reinforcing the growing role of cross-border Islamic finance in supporting regional trade, infrastructure and economic development. According to Islamic Banking for Financial Institutions: The Islamic Finance Connector Era, Islamic finance assets now total approximately USD 6 trillion across…
Zindigi, powered by JS Bank, has been recognized with the “Public- Private Collaboration of the Year Award”by the Tech Advisory Forum (TAF) Pakistan, reaffirming its position as a frontrunner in advancing Pakistan’s digital ecosystem. The Tech Advisory Forum (TAF) Pakistan recognizes organizations that demonstrate excellence in leveraging technology to modernize public services, foster innovation, and create measurable impact for citizens while contributing to national digital agenda. Driven by a vision to simplify everyday experiences through technology, Zindigi has delivered a series of pioneering public sector initiatives in partnership with the State Bank of Pakistan (SBP), Capital Development Authority (CDA), and…
Pakistan emerged victorious in the final of the Central Asian Volleyball Association (CAVA) Men’s Volleyball Championship 2026 in a thrilling match against Bangladesh. Zong, Pakistan’s leading Technology Services Enterprise, served as the official Title Partner for the six-nation championship which came to a close after a thrilling run, on 29th July, 2026. Bringing together teams from Bangladesh, Kazakhstan, Nepal, Sri Lanka, Uzbekistan, and the host nation Pakistan, the championship showcased the region’s finest volleyball talent while reinforcing the regions friendship and sporting excellence. Beyond the competition, the tournament provided a platform for emerging talent to compete at the highest international…
More than 1,200 channels have over 1M subscribers Over 20M hours of content was uploaded by Pakistan channels in the past year Over 60% of watch time on content produced by channels in Pakistan comes from abroad Pakistan is home to one of the world’s most vibrant YouTube ecosystems, powered by a thriving community of artists and innovators pushing the boundaries of storytelling on the platform across formats. As a result, viewers at home and abroad are tuning in at record rates, captivating the hearts and screens of audiences across continents. This momentum is backed by strong numbers. Over 140,000…
New video verification feature provides a flexible account recovery option while protecting against deepfakes and unauthorized access. Your Google Account holds a lot of valuable information, from cherished photos to important emails and documents. To keep that information private, secure, and readily available, Google recommends setting up multiple sign-in methods. Today, Google is introducing a new way to sign in: selfie video. Selfie video gives people more options to access their accounts, especially if they are ever locked out or don’t have access to their primary phone or computer. How to set up and use selfie video Setting up a…
Poll most Gulf area economies face deeper downturns in 2026 Most Gulf economies will contract more sharply this year than expected three months ago before rebounding in 2027, a Reuters poll found, as crumbling hopes of a quick U.S.-Iran de-escalation keep the Strait of Hormuz – the region’s oil and gas export lifeline -largely closed. The July -16 survey of economists was taken as many abandoned assumptions Gulf shipping and energy exports would quickly normalise. Trump’s latest blockade of Iranian shipping and repeated disruptions around Hormuz have lifted oil prices nearly 20 percent this month to about $85 a barrel.…
Secretariat to buy bullet-proof car The China-Pakistan Economic Corridor (CPEC) secretariat has decided to buy a bullet-proof vehicle at a cost of Rs95 million to provide security to Chinese nationals, as it said the Cabinet Division could not meet its pressing needs, resulting in the cancellation of important official engagements. The new Toyota Land Cruiser 3,500cc vehicle will be in addition to a pool of such vehicles and at least two helicopters that various government departments have either bought or are in the process of buying for the protection of Chinese nationals who are vulnerable to attacks. Due to high…
PM Launches Robotics Program, $20 Million Venture Fund for Pakistan-Made Technology: Prime Minister Shehbaz Sharif announced a series of initiatives to boost Pakistan’s technology sector, declaring that the country will no longer remain dependent on foreign technology and will instead develop its own advanced capabilities. Speaking at the Indus Robotics and Autonomous Systems (RAS) Expo, the prime minister launched the Spark and Elevate Program to promote robotics and autonomous systems and announced the creation of a $20 million Pakistan Venture Fund to support innovation, research, and technology startups. JazzWorld Promotes Waste Reduction Through Rawal Dam Cleanliness Drive in Partnership with…
BYD Pakistan Receives Its Largest-Ever Shipment of NEVs at Karachi Port For Customer Deliveries Mega Motor Company (MMC), the official partner of BYD in Pakistan, announced the arrival of a Roll on/Roll off (RoRo) vessel carrying more than 2000 BYD New Energy Vehicles (NEVs) at the Karachi Port, marking one of the largest consignments of BYD vehicles to arrive in Pakistan to date. This shipment comes at a time when Pakistan’s transition towards NEVs continues to gather pace as consumers increasingly recognize the economic, environmental and technological advantages of electric mobility. This growing demand is thus reflected in the increasing…
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 11.38 11.88 2 – Week 11.38 11.88 1 – Month 11.38 11.88 3 – Month 11.42 11.67 6 – Month 11.50 11.75 9 – Month 11.53 12.03 1 – Year 11.55 12.05 Last Updated on 27th July 2026 Source: SBP
Following the completion of Jazz International Holding Limited’s acquisition of a controlling stake in TPL Insurance Limited, the Company is entering a new phase of growth focused on innovation, digital enablement, and expanding access to insurance across Pakistan. For over two decades, TPL Insurance has established itself as one of Pakistan’s leading general insurers through a strong focus on customer centric innovation, disciplined underwriting, and a robust omnichannel distribution network. Joining the JazzWorld ecosystem represents an important milestone in the Company’s journey and creates new opportunities to further strengthen its digital capabilities and broaden access to insurance solutions. “Insurance should…
by Thomas Hinton Not all accommodation spending creates the same economic benefit. Where a traveler stays, and the type of accommodation they choose, fundamentally shapes how much of their spending remains in the local community. As a rule, the smaller the business, the greater the local impact. Data collected by Travel Tech Essentialist based on UNWTO data estimates that 35% of every dollar spent at a chain hotel flows into the local economy, primarily through staff wages and locally sourced supplies. That share rises to 55% for independent hotels and to 72% for short-term rentals (STRs). When a guest stays in a chain…
by Katharina Buchholz Large volumes of vaccines are produced in developing countries, with the three largest Indian producers alone making up more than 40 percent of the global total of vaccine output in 2024. This is in stark contrast to the financial value of vaccines produced that year. Here, U.S. pharma companies Merck and Pfizer together made up more than 40 percent of that metric despite only producing around 10 percent of global vaccines. This is according to the World Health Organizations’ Global Vaccine Market Report. The concentration of earnings is due to the two companies specializing in some expensive vaccines, namely…
by Katharina Buchholz, With a population of 41.9 million, Jakarta in Indonesia tops the list of the world’s most populous cities, followed by Bangladesh’s capital Dhaka (36.6 million) and Tokyo (33.4 million). This is according to data from the UN Population Division. The geographical distribution is striking – Asian metropolises dominate the list of the largest cities, while those in Europe and the Americas rank significantly lower. Europe is notably underrepresented: London, with 10.4 million inhabitants, is the only European megacity, which is defined as a place with more than 10 million inhabitants. At the same time, there are vast differences in population density:…