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 10.85 11.35 2 – Week 10.84 11.34 1 – Month 10.79 11.29 3 – Month 10.80 11.05 6 – Month 10.80 11.05 9 – Month 10.75 11.25 1 – Year 10.78 11.28 Last Updated on 25th Aug 2025 Source: SBP
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Payoneer (NASDAQ: PAYO), the global financial technology company powering business growth across borders, announced a strategic partnership with programmable financial services company Stripe. The collaboration marks an expansion of Payoneer’s Online Checkout offering for cross-border merchants looking to sell direct-to-consumer. The upgraded Payoneer Checkout capabilities, powered by Stripe’s best-in-class technology, will first launch in key Asia Pacific (APAC) markets, including Pakistan, Vietnam, South Korea, China, and Hong Kong. These enhanced features will empower Small and Medium-sized Businesses (SMBs) to accept a broader range of payment methods via their online webstores. Options will include Buy Now Pay Later (BNPL) services like…
In July trade deficit widens 44pc As Pakistan trade deficit widened 44 percent in July due to a sharp rise in imports, Planning Minister Ahsan Iqbal on Tuesday expressed hope that it would be a “temporary dip,” likely to be offset by an increase in exports driven by higher imports of raw materials. While launching the first monthly development report for the fiscal year 2025-26, the minister said the benefit of the lowest US tariffs on Pakistan in the region would depend on exporters’ ability to seize the opportunity by penetrating foreign markets. The 44 percent higher trade deficit in…
Corero Network Security Partners with Beyond Technology MEA to Expand DDoS Protection in Pakistan: Today, Corero Network Security (AIM: CNS) (OTCQX: DDOSF), the distributed denial of service (DDoS) protection specialists, announced a strategic partnership with Beyond Technology, a leading technology solutions provider in the Middle East and Asia.The partnership will make Corero’s high-performance, real-time DDoS mitigation solutions available to organizations across Pakistan, helping them strengthen cyber resiliency, safeguard critical infrastructure, and maintain business continuity in the face of growing threats. Govt Completes Draft of Pakistan’s First-Ever Space Regulatory Framework: The Pakistan Space Activities Regulatory Board (PSARB) has completed the initial draft…
DWP Group opens ‘Tameer-e-Mustaqbil’ to empower next generation of professionals DWP Group has officially launched its flagship paid internship program, Tameer-e-Mustaqbil. The program marks a significant step forward in DWP Group’s commitment to nurturing young talent and building a stronger employer brand within Pakistan’s corporate sector. Designed as a structured, three-month development journey, Tameer-e-Mustaqbil is tailored to offer high-potential graduates a robust platform for professional growth. The inaugural cohort comprises top-tier graduates selected from leading universities across the country. The program offers interns a comprehensive experience, including direct mentorship from industry leaders, cross-functional exposure, and participation in real-time projects that…
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 10.86 11.36 2 – Week 10.84 11.34 1 – Month 10.80 11.30 3 – Month 10.81 11.06 6 – Month 10.80 11.05 9 – Month 10.75 11.25 1 – Year 10.75 11.25 Last Updated on 18th Aug 2025 Source: SBP
In a significant step towards promoting alternative energy solutions Solar Pakistan Exhibition will take place from 15 to 17 August 2025 at Karachi Expo Centre. Organized by Fakt Exhibitions (Pvt) Ltd, the three-day exhibition aims to accelerate Pakistan’s transition to alternative energy by showcasing a wide range of solar technologies, innovations, and investment opportunities. With more than 250 companies from 10 countries set to participate, the event is being positioned as the largest gathering of solar industry stakeholders in the region. The event will also bring together a dynamic mix of industry experts, policymakers, investors, energy consultants, and technology providers,…
TCL, Pakistan’s No. 1 LED TV brand, is celebrating the nation’s Independence Day with an exciting up to 14% discount on selected models across Pakistan, available both online and at flagship stores. The special offer runs from August 11 to 27 on TCL’s official website, while flagship store customers can avail of the discount from August 11 to 16. This Independence Day, TCL invites customers to upgrade their home entertainment experience with its diverse lineup of premium TVs, ranging from 32 inches to a massive 98 inches. The collection includes UHD TVs, QLED TVs, and the state-of-the-art QD Mini LED…
Giving a new spirit to the Independence Day celebrations, Fatima Fertilizer has, for the first time, taken a unique approach by engaging the youth through its ‘Dil Se Sarsabz’ Milli Naghma singing competition. This nationwide contest aims to revive the patriotic spirit and empower young Pakistanis through music and digital creativity, making Independence Day celebrations more vibrant and inclusive than ever before. The campaign invites people across Pakistan to participate by recording a video of themselves singing any classic Milli Naghma and uploading it on TikTok using the hashtag #DilSeSarsabz. From the pool of submissions, 10 finalists will be shortlisted…
The China-Pakistan Economic Corridor (CPEC), launched in 2015 under China’s Belt and Road Initiative (BRI), is a landmark development program aimed at enhancing trade and economic cooperation between Pakistan, China, and the broader region. Stretching over 3,000 kilometers, it links Gwadar Port in Pakistan’s Balochistan province to Kashgar in China’s Xinjiang region. CPEC incorporates infrastructure upgrades, energy generation, industrial development, and technological collaboration to accelerate Pakistan’s economic growth. Strategic Importance of CPEC CPEC holds immense geopolitical and economic significance: For China: Offers a shorter and safer route to the Arabian Sea, bypassing traditional sea lanes. For Pakistan: Provides a transformative…
Introduction Plastic pollution has emerged as one of the most pressing environmental issues of our time. From oceans to rivers, and from urban landscapes to rural areas, plastic waste is everywhere. Due to its durability, low cost, and widespread use, plastic has become deeply embedded in our daily lives. However, the very properties that make plastic so useful also make it harmful to the environment when it is discarded improperly. The Scale of the Problem According to environmental studies, the world produces over 400 million tons of plastic every year, and nearly 8 million tons end up in oceans annually.…
Pakistan, a nation of over 240 million people, holds one of the largest youth populations in the world. According to recent statistics, more than 60% of Pakistan’s population is under the age of 30. This demographic advantage is a powerful asset for the country’s socio-economic development, technological innovation, and cultural progress — if guided and utilized effectively. The Role of Youth in Pakistan’s Development The youth of Pakistan are energetic, creative, and resilient. They have the potential to transform every sector of the nation, from education and technology to entrepreneurship and politics. Whether it’s young innovators developing mobile applications, entrepreneurs…
A tsunami is a powerful and destructive natural disaster caused by the sudden displacement of a large volume of water, usually in oceans or seas. The word “tsunami” originates from Japanese, meaning “harbor wave.” These massive waves can travel across entire ocean basins and cause catastrophic damage to coastal regions. Causes of Tsunami The primary causes of tsunamis include: Underwater Earthquakes – The most common cause, occurring when tectonic plates shift suddenly under the ocean floor. Volcanic Eruptions – Explosive eruptions near or under the sea can displace water and generate large waves. Landslides – Landslides into the ocean or…
Fisheries play a vital role in global food security, employment generation, and economic development. They contribute significantly to the supply of protein-rich food, livelihood opportunities for millions, and sustainable coastal economies. Globally, fisheries encompass marine fishing, inland fishing, and aquaculture, collectively supporting the livelihoods of more than 200 million people. Global Fisheries Overview The global fisheries industry produces millions of tons of seafood every year, making it one of the largest contributors to the world’s food supply. According to the Food and Agriculture Organization (FAO), the world’s total fish production (capture fisheries and aquaculture) exceeded 180 million tons in recent…
The textile industry of Pakistan stands as the country’s largest industrial sector, playing a vital role in economic growth, employment, and exports. With a long history rooted in agriculture and craftsmanship, Pakistan’s textile sector has evolved into a globally competitive industry. From raw cotton to finished apparel, it remains the backbone of Pakistan’s economy. Historical Background and Growth Pakistan’s textile roots trace back centuries, with handloom weaving and cotton cultivation being traditional occupations. After independence in 1947, the government prioritized industrialization, leading to the establishment of textile mills across the country. By the 1970s, Pakistan emerged as one of the…
NA Panel Demands Urgent Action Against Delays in 5G Launch: The meeting of the National Assembly’s Subcommittee on Information Technology was held under the convenership of Sher Ali Arbab. Members Umair Khan Niazi, Mahesh Kumar, and Zulfiqar Ali Bhatti attended the session. The committee was briefed on the ongoing issues related to Long Distance International (LDI) cases. Following the discussion, the committee directed authorities to present a detailed report in the upcoming session. The convener emphasized the need for comprehensive stakeholder input in the matter. KP Government Rolls Out Rs20 Billion Solar Plan to Power 130,000 Households: The Khyber Pakhtunkhwa…
Toyota Pakistan Leads Mangrove Plantation Drive in Collaboration with WWF-Pakistan In alignment with the Toyota Environmental Challenge 2050 and its commitment to the Sustainable Development Goals (SDGs), Indus Motor Company (IMC), in collaboration with WWF-Pakistan, conducted a mangrove plantation drive along the coastal belt of Karachi at the WWF Wetlands Centre. The initiative reflects IMC’s ongoing dedication to environmental preservation, echoing its long-term focus on climate action, ecosystem restoration, and community engagement. The activity featured an interactive learning session by WWF experts, emphasizing the critical role mangroves play in coastal protection, carbon sequestration, and biodiversity conservation. IMC employees volunteered in…
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 10.76 11.26 2 – Week 10.66 11.16 1 – Month 10.61 11.11 3 – Month 10.61 10.86 6 – Month 10.59 10.84 9 – Month 10.56 11.06 1 – Year 10.54 11.04 Last Updated on 28th July 2025 Source: SBP
Introduction Chikungunya is a viral disease transmitted primarily by Aedes aegypti and Aedes albopictus mosquitoes. First identified in Africa in the 1950s, Chikungunya has since spread to Asia, the Indian subcontinent, and the Americas. With no specific treatment or vaccine, understanding the symptoms and preventive strategies is key to controlling its spread. What is Chikungunya? Chikungunya is caused by the Chikungunya virus (CHIKV). The name comes from a Makonde word meaning “to become contorted,” referencing the severe joint pain suffered by those infected. While rarely fatal, it causes debilitating symptoms that can persist for weeks or even months. How Chikungunya…
Nestled in the northernmost part of Pakistan, Gilgit-Baltistan (GB) is a region of surreal beauty, cultural richness, and unmatched adventure. Known as the “roof of the world,” Gilgit-Baltistan is where the world’s three mightiest mountain ranges — the Himalayas, the Karakoram, and the Hindu Kush — converge. With its majestic peaks, serene valleys, glacial lakes, and hospitable communities, Gilgit-Baltistan has emerged as a must-visit destination for both local and international travelers. Geographical Significance Gilgit-Baltistan shares borders with China, Afghanistan, and India, making it strategically significant. The region is home to some of the highest peaks in the world, including K2…
Introduction Dengue fever, a mosquito-borne viral infection, has become a recurring public health challenge in Pakistan. Spread primarily by the Aedes aegypti mosquito, this disease has seen a surge in recent years due to urbanization, stagnant water, and changing weather patterns. Understanding Dengue—its symptoms, causes, and most importantly, prevention—is critical to reducing its impact. What is Dengue Fever? Dengue fever is caused by the Dengue virus (DENV), which has four different strains. It can range from a mild flu-like illness to severe dengue (Dengue Hemorrhagic Fever or Dengue Shock Syndrome), which can be life-threatening without prompt treatment. Causes of Dengue…
Introduction to Bitcoin Bitcoin, the pioneer of all cryptocurrencies, has revolutionized the global financial landscape since its inception in 2009 by the anonymous entity Satoshi Nakamoto. As a decentralized digital currency, Bitcoin operates without the control of any central authority or government, offering users a peer-to-peer network for secure and transparent transactions. How Bitcoin Works Bitcoin is powered by blockchain technology — a decentralized ledger that records all transactions across a network of computers. Each transaction is grouped in a block, verified by miners through a process called proof-of-work, and then added to the blockchain. Key components include: Wallets: Digital…
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 Pakistan Air Force’s dual triumph at the Royal International Air Tattoo (RIAT) 2025 represents a multi-faceted strategic and economic victory for Pakistan. He said that the “Spirit of the Meet” award for the JF-17C Block III underscores Pakistan’s advanced indigenous defense capabilities and its ability to produce highly competitive 4.5-generation fighter jets at an affordable…
Malaria remains one of the most serious public health challenges in many parts of the world, particularly in tropical and subtropical regions. Despite significant advances in healthcare, malaria continues to affect millions of people every year. This article explores what malaria is, its causes, symptoms, prevention strategies, and the global fight to eliminate this deadly disease. What is Malaria? Malaria is a life-threatening disease caused by Plasmodium parasites, which are transmitted to humans through the bites of infected female Anopheles mosquitoes. According to the World Health Organization (WHO), nearly 250 million cases of malaria are reported annually, with over 600,000…
Environmental disasters have become one of the most pressing challenges of our time. Whether triggered by natural forces, human activities, or a combination of both, these disasters leave profound and lasting damage on ecosystems, economies, and communities worldwide. Understanding their nature, causes, and solutions is essential to building a safer and more sustainable future. What Are Environmental Disasters? Environmental disasters refer to catastrophic events that cause significant harm to the natural environment, biodiversity, and human life. They can take many forms, such as oil spills, industrial accidents, deforestation, nuclear leaks, wildfires, floods, droughts, and chemical contamination. Unlike purely natural disasters…
Sanaa Zulfikar Causer, Director External Relations at Hisaar Foundation, recently represented the organization and Pakistan at the United Nations Water Conference 2026 Preparatory Meeting held at the UN Headquarters in New York. Speaking on the floor of the UN, Causer delivered a formal statement — a rare opportunity for a non-governmental voice from Pakistan to help shape the global water agenda. In her address, she called for urgent and inclusive action around five core priorities: Community-led water justice Local, accessible financing for grassroots resilience Structurally embedding gender justice in water systems Climate resilience grounded in nature-based and local solutions Global…
In a glittering celebration befitting a visionary entrepreneur, Bestway Group welcomed 800 distinguished guests to the Royal Albert Hall on Thursday evening to celebrate the 50th anniversary of Bestway’s founding and to pay tribute to its revered founder, Sir Anwar Pervez OBE, H Pk. Hosted by Dermot O’Leary, the night paid tribute to one of Britain’s most inspiring entrepreneurs, with a line-up of world-class performers and heartfelt speeches that reflected the remarkable journey of a man who arrived in the UK with little more than determination, going on to build a business empire that today employs over 50,000 people worldwide. The…
Exclusive perks and world-class infrastructure keep travellers cool in the city built for the season As summer temperatures rise, Emirates invites travellers to reimagine their plans with Dubai – a city purpose-built for comfort, discovery, and world-class experiences all year round. With exclusive benefits for Emirates passengers and seamless connections through the airline’s extensive global network, Dubai is not only a rewarding summer destination, but also an ideal stopover for travellers. Dubai is one of the few global cities engineered for year-round travel. With wide-scale air-conditioning, temperature-controlled pools, and an abundance of indoor entertainment, visitors can explore, unwind, and spend…
Cricket in Pakistan is more than just a sport — it is a national obsession that unites millions, transcending regional, ethnic, and cultural differences. Since gaining Test status in 1952, Pakistan’s cricketing journey has been a remarkable tale of passion, raw talent, and resilience in the face of challenges. Over the decades, Pakistan has produced some of the world’s finest cricketers and delivered unforgettable moments on the international stage. A Glorious Beginning Pakistan played its first-ever Test match against India in October 1952, just five years after gaining independence. Despite being a fledgling cricketing nation, Pakistan shocked the cricketing world…
Pakistan, a land blessed with breathtaking landscapes, a rich cultural heritage, and warm hospitality, has emerged as a promising destination for global travelers. From towering mountain peaks to serene valleys, ancient civilizations to vibrant bazaars, the country offers an unparalleled variety of experiences for tourists. Over the past few years, Pakistan has started to gain international recognition as one of the most underrated and captivating tourist destinations in South Asia. The Natural Wonders: Mountains, Valleys, and Beyond Pakistan is home to some of the world’s most iconic natural wonders. The north of the country boasts the majestic Karakoram, Himalayan, and…
by Anna Fleck, Almost half of the European Union’s imports of rare earths came from China last year, according to the latest data from the European Union’s statistical office (Eurostat). Russia followed in second place with a share of around 29 percent, while Malaysia was in third at around 20 percent. In order to reduce dependence on China and other individual countries, the EU passed the Critical Raw Materials Act 2024. The aim is to extract 10 percent of rare earths in the EU itself and cover 15 percent of demand from recycling. In addition, no single third country is to cover more…
by Felix Richter, As the Northern Hemisphere’s summer holiday season is in full swing, millions of tourists are heading towards Southern Europe to spend their summer vacation on the pristine beaches and coastlines the region has to offer. With Covid-19 no longer a concern, countries like Spain, Italy and France are expecting a very busy, if not a record-breaking summer, as memories of empty beaches and travel restrictions are quickly fading. In fact, countries like Portugal, Greece, Spain and France – the latter still the number 1 destination for international tourists worldwide in 2024 – already surpassed pre-pandemic visitor numbers in 2023, thereby…
by Anna Fleck, China saw a 10.7 percent drop in exports to the United States in the first half of 2025 compared to the same period in 2024. According to customs data, this amounts to a decrease of around $25.7 billion. This drop is even with reports of firms stockpiling shipments from China in anticipation of higher tariffs. But as the following chart shows, Chinese exports to other countries and groups of nations have filled this gap. Exports to the ASEAN countries were up 13 percent when comparing H1 2024 and H1 2025, or $37.1 billion, while exports to the European Union…
by Felix Richter, According to United Nations’ latest projections of global population, India surpassed China as the world’s most populous country in April 2023. Having gradually closed the gap to China from more than 200 million people in 2000 to little more than 10 million in 2022, the UN Population Division estimates that India’s population reached 1,438 million in July 2023, surpassing long-time leader China by 15 million people. In recent years, China’s population growth has slowed down notably due to its one-child policy before reaching an inflection point in 2021, when the country’s population declined for the first time since 1961, when three…
by Anna Fleck, According to the Reuters Institute Digital News Report 2025, over half of under-35-year-olds in the United States now say that social media/video networks are their main source for accessing news, followed by TV and online news sites. Among the 12 countries that the Reuters Institute has been tracking on this question since 2014, Facebook and YouTube are still the most important channels for news. Until 2022, Facebook had a reach of 30 percent of all surveyed respondents. This has dropped however to 26 percent, marking a 16 percentage point drop from its peak of 2016. At the same time, the share…
Pakistan, a country of over 240 million people, sits at the crossroads of South Asia, Central Asia, and the Middle East — a location that alone makes it a strategic market for investors. In recent years, despite global economic challenges, Pakistan has demonstrated resilience and continues to offer diverse investment opportunities driven by its young population, untapped natural resources, and strategic partnerships like the China-Pakistan Economic Corridor (CPEC). Why Invest in Pakistan? Pakistan’s economy is transforming, with a growing middle class, increasing urbanization, and government-led reforms aimed at improving the business climate. The State Bank of Pakistan and the Board…
The real estate sector in Pakistan is one of the country’s most dynamic and high-potential industries, contributing significantly to GDP and generating employment opportunities. Over the years, real estate has evolved from a fragmented, informal trade into a more regulated, investment-driven market. With rising urbanization, growing middle-class demand, and government-led initiatives, the sector continues to attract both domestic and overseas investors. Growing Importance of Real Estate in Pakistan’s Economy The real estate market in Pakistan accounts for nearly 2–3% of the national GDP, with an estimated worth of over $300 billion. This sector not only supports housing needs but also…
Continuing its commitment to purpose-driven impact, National Foods Limited, in collaboration with MasterClass Pakistan, launched the second edition of the National Foodpreneur Program—a transformative initiative designed to empower aspiring chefs through internationally recognized culinary certification. Building on the success of its inaugural cohort, National Foodpreneur 2.0 will welcome 20 students, selected based on merit and eligibility criteria, for an immersive training experience culminating in the Certificate in Culinary Artistry (CICA) – an internationally recognized qualification. The program aims to provide comprehensive skill development training, leading to enhanced opportunities for employment or self-employment, while contributing to empowerment and national development. “National…
realme, the fastest-growing smartphone brand among youth, partners with the Prime Minister Youth Program to launch the National PUBG Tournament, a groundbreaking esports competition offering a ₨ 1 million prize pool and exclusive realme 14 Series gifts. It comes off as a powerful move to accelerate the growth of Pakistan’s gaming ecosystem and empower youth. This landmark collaboration between realme and the Prime Minister’s Youth Programme reflects a shared commitment to empowering Pakistan’s youth by investing in the future of mobile gaming and esports. Prime Minister’s Youth Programme, known for fostering skill development and career opportunities among the youth, aligns…
Google has introduced its state-of-the-art video generation model, Veo 3, expanding access to Google AI Pro subscribers in over 150 countries, including Pakistan. This new capability allows users to transform their favorite photos into vivid eight-second video clips with sound through a powerful photo-to-video feature built on Veo 3, launched earlier this year. Globally, users have already created over 40 million Veo 3 videos in just seven weeks — reimagining fairy tales, experimenting with ASMR, and pushing the boundaries of creativity. Pakistan’s growing community of digital storytellers and content creators can look forward to exploring these possibilities. How photo-to-video brings…
The world’s largest international airline clinched top spot with a score of 88.4%, and is the only airline featured on the top 10 global list Emirates, the world’s largest international airline, has topped the rankings as YouGov’s Most Recommended Global Brand for 2025, a testament to the airline’s longstanding ‘Fly Better’ promise. Emirates is the only airline to be featured on the global top 10 list. The YouGov Most Recommended Brands rankings measure the percentage of a brand’s customers who would recommend it to a friend or colleague. This year, Emirates achieved an outstanding score of 88.4%, with a significant lead on the…
GCC, Japan advance free trade talks Negotiations over a free trade agreement between the Gulf Cooperation Council and Japan advanced further this week as officials from both sides convened in Tokyo to review progress and explore ways to accelerate discussions. The meeting, held between GCC Secretary-General Jasem Al-Budaiwi and Japan’s Vice Minister of Economy, Trade and Industry Kato Akiyoshi, focused on the strategic potential of the proposed accord and recent developments in the negotiation process, the Saudi Press Agency reported. The second round of negotiations for the agreement had concluded in Tokyo in early June, covering a wide range of…
Meta to assist advance digitalisation Pakistan and an international technology company have explored the potential of advancing digitalisation, promoting the role of artificial intelligence (AI) and enhancing cooperation in public sector innovation and capacity building. Federal Minister for IT and Telecommunication Shaza Fatima Khawaja held a meeting on Thursday with a high-level delegation from Meta, led by Sarim Aziz, Director of South and Central Asia Public Policy. The minister highlighted the government’s strong commitment to the Digital Pakistan vision, noting that Prime Minister Shehbaz Sharif chairs a weekly review meeting on national transition towards a cashless economy. PSDP spending revised…
Hospitals scan more patients with AI technology: Staff at NHS hospitals in Hull said AI technology had cut MRI scan times, allowing them to see more patients. Hull University Teaching Hospitals NHS Trust said the software used algorithms to help reduce background noise, helping to achieve sharper images in a shorter time. Karen Bunker, head of imaging, said: “This means we can reduce the scanning time on certain sequences, but still get the same imaging quality.”The software has been installed at Hull Royal Infirmary and Castle Hill Hospital and will also be introduced at Scunthorpe General Hospital and Diana, Princess…
Fatima Fertilizer adds health pillar to Sarsabz Tabeer, uplifting female farmers’ well-being As part of its ongoing commitment to empower rural women and female farmers, Fatima Fertilizer, under its flagship Sarsabz Tabeer initiative, has launched a new health-focused intervention in collaboration with Mukhtar A. Sheikh Memorial Welfare Hospital (MASH) and the Government of Punjab. The first Free Medical Camp under this new health initiative was successfully held on June 26th at THQ Hospital Kehrorpaka, Lodhran, targeting underserved communities where access to quality healthcare remains a challenge. The camp provided free medical consultations and medicines to a total of 400 participants…
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 10.92 11.42 2 – Week 10.90 11.40 1 – Month 10.86 11.36 3 – Month 10.81 11.06 6 – Month 10.78 11.03 9 – Month 10.72 11.22 1 – Year 10.86 11.18 Last Updated on 14th July 2025 Source: SBP
Pakistan’s student innovation took center stage at the 2025 APAC Digital Transformation Forum as “GeoGemma”, a student team from the Institute of Space Technology (IST) in Islamabad, was awarded with the “Best AI Use Case” Award at the 2025 APAC Solution Challenge organised by Google Developer Groups (GDG) and the Asian Development Bank (ADB). The competition brought together student-led projects from across Asia-Pacific (APAC), each of which employed Google AI tools to address critical global challenges. The award celebrates the project that effectively leveraged AI technology to develop a practical solution to pressing issues that affect our communities. GeoGemma, comprising…
Gold has held its place as one of the most prized assets in human history. For centuries, it has been a symbol of wealth, power, and security. Even today, gold remains a cornerstone of global finance, attracting investors seeking to preserve and grow their wealth. The Enduring Value of Gold Gold’s value stems from its rarity, durability, and universal acceptance. Unlike paper currencies, which can lose value due to inflation or economic crises, gold retains its worth over time. During periods of uncertainty — such as recessions, wars, or stock market crashes — investors flock to gold as a safe…
Pakistan, often called the “Land of Mangoes,” is one of the world’s largest producers and exporters of this luscious fruit. Known for their unique aroma, flavor, and sweetness, Pakistani mangoes, especially varieties like Sindhri, Chaunsa, Anwar Ratol, and Dussehri, enjoy high demand across international markets. With the mango season spanning from May to September, Pakistan earns significant foreign exchange from mango exports each year. This article explores the dynamics of Pakistan’s mango export market, its potential, and the hurdles it faces. Global Position of Pakistani Mangoes Pakistan ranks among the top five mango-producing countries globally, with an annual production of…
Bank Makramah Limited (BML) is making significant strides in its recapitalization efforts, reinforcing its commitment to long-term financial stability and growth. This progress is supported by a recent PKR 5 billion deposit from His Excellency Nasser Abdulla Hussain Lootah, BML’s esteemed Sponsor. This amount, to be recorded as an advance against share subscription pending regulatory approvals, follows his earlier PKR 10 billion capital injection in 2023. In addition, the proposed merger of Global Haly Development Limited, a company owned by the Sponsor, into BML reflects his substantial commitment, which will total PKR 41 billion. The Bank extends its deepest gratitude…
Pakistan Railways, the state-owned railway company of Pakistan, is one of the oldest and most significant transport systems in the country. Established during the British colonial period in 1861, it has since been a vital component of Pakistan’s economy, society, and infrastructure. With its vast network, Pakistan Railways connects major cities, facilitates trade, and serves millions of passengers annually, making it a true backbone of national connectivity. Historical Legacy of Pakistan Railways The origins of Pakistan Railways trace back to the Scinde Railway Company, which laid the first tracks between Karachi and Kotri in the mid-19th century. After independence in…
Earthquakes are one of nature’s most powerful and unpredictable phenomena, capable of shaking the ground and altering landscapes in just moments. But why do earthquakes occur? To understand the cause of earthquakes, we need to look deep inside the Earth and understand its dynamic structure. The Earth’s Layers and Tectonic Plates The Earth is made up of several layers — the inner core, outer core, mantle, and crust. The crust and the uppermost part of the mantle form a rigid shell called the lithosphere, which is broken into huge pieces called tectonic plates. These plates are not stationary — they…
Descon Oxychem Limited, a leading producer of hydrogen peroxide, is pleased to announce the appointment of Yasir Siddique Sheikh as its new Chief Executive Officer. With over two decades of multifaceted experience, Yasir brings a deep understanding of finance, operations, and strategic leadership to his new role. He most recently served as Chief Financial Officer (CFO) at Descon Engineering Limited, where, over a five-year period, he was instrumental in driving capital optimization, performance improvement, and long-term sustainability. Yasir has also held the position of CFO at Descon’s Chemicals business, where he led key initiatives in financial planning and business strategy…
Punjab Education Foundation (PEF), Karandaaz Pakistan, the National Institute of Banking and Finance (NIBAF) Pakistan – a subsidiary of the State Bank of Pakistan, and the Bank of Punjab (BoP) have formalized a partnership through a signing ceremony to launch a joint initiative for delivering financial literacy as supplementary education across PEF schools in Punjab. This initiative aligns with the Pakistan’s National Financial Inclusion Strategy (NFIS) and National Financial Education Roadmap (2025–2029), which envisions integrating financial literacy content in the National Curriculum by year 2028. The initiative would impart financial literacy to over 100,000 students. Nearly 2,000 teachers and 25…
Ali Salman Syed has made history by becoming the first Pakistani to receive the President’s Award of Honor from EC-Council University, one of the world’s foremost institutions in cybersecurity education. The President’s Award of Honor is the highest academic recognition presented by EC-Council University. It is awarded to students who demonstrate exceptional academic performance, uncompromising ethical standards, and forward-thinking innovation in the field of cybersecurity. This award not only reflects mastery of the subject matter but also the embodiment of leadership and social responsibility in a rapidly evolving digital world. Ali Salman Syed is the Principal Solutions Architect for the…
Pakistan’s leather industry stands as one of the oldest and most significant sectors of its economy, blending centuries-old craftsmanship with modern industrial techniques. As one of the country’s largest export-oriented industries, it plays a crucial role in earning foreign exchange and providing employment to hundreds of thousands of people. A Heritage of Craftsmanship Leather production and tanning have been part of the subcontinent’s heritage for centuries. In Pakistan, this craft flourished after independence in 1947, with the establishment of tanneries and leather goods workshops in cities like Karachi, Lahore, and Sialkot. Over time, Pakistan has earned a reputation for producing…
Pakistan, a country blessed with diverse landscapes and abundant natural resources, is increasingly turning its attention to renewable energy. With a growing population and rising energy demands, the nation faces a persistent energy crisis. Heavy reliance on imported fossil fuels and outdated infrastructure has resulted in high costs, frequent power outages, and environmental degradation. However, renewable energy resources offer a promising path toward a sustainable, affordable, and cleaner energy future. The Need for Renewable Energy in Pakistan Pakistan’s energy sector is heavily dependent on thermal power, primarily fueled by imported oil and gas, which accounts for more than 60% of…
by Felix Richter With the technological advancements of the past two decades, a lot of new challenges have emerged for parents of young children. As they try to navigate the ever-evolving media and device landscape, it’s as difficult as it is important to strike the right balance between giving kids the chance to learn how to use technology and protecting them from the potential harm that early (over)use of smartphones and social media can doubtlessly inflict on a child’s development. Given the complexity of the task at hand and the lack of past experience to draw from, it’s understandable that many…
by Thomas Hinton, When asked about their ability to attract talent to their industry, at least half of employers in the real estate, hospitality, and chemical sectors expressed little optimism. According to the 2024 Future of Jobs report published by the World Economic Forum, 55% of employers in accommodation, food, and leisure report difficulty finding talent and this sentiment is even more pronounced in real estate. At the other end of the spectrum, only about a quarter of employers in healthcare, telecommunications, and education shared the same concern. You will find more infographics at Statista
by Katharina Buchholz Newly published data by Henley & Partners shows that while China and India were still losing the most millionaires (or billionaires) to emigration in 2023, the United Kingdom’s millionaire flight is surging to the top position this year. Some British millionaires have said they are leaving due to the end of the non-domestic tax status rule in the country. The Tax Justice Network points out that even with the increase, the share of those departing is still very low compared to all millionaires. The 142,000 millionaires projected to be migrating this year only represent 0.2 percent of all millionaires globally, its release says. After…
by Katharina Buchholz The number of millionaires rose fastest over the past 10 years in Montenegro, the United Arab Emirates and Malta, according to a new report by Henley & Partners. The growth by up to 124 percent was largely driven by millionaires immigrating to the locations, the researchers concluded. Malta’s and Montenegro’s investment for citizenship schemes are playing a role here as well as the two countries’ mild climate and natural beauty which is attracting the super-rich and has led to a boom in luxury real estate and other lux offerings. The United Arab Emirates has long been known as a luxury destination for expats…
by Felix Richter As China’s economy continues to grow, so does its demand for energy. With rapid industrialization, urbanization and rising living standards, the country has seen a steady increase in energy consumption over the past decades, with per-capita electricity use growing nearly seven-fold between 2000 and 2023, according to the International Energy Agency. Meeting this growing demand while reducing reliance on fossil fuels has become a central challenge for China, which is also the world’s largest carbon emitter. In response, China has launched an aggressive push to scale up renewable energy. In 2024 alone, it added an unprecedented 445 gigawatts of renewable…
by Felix Richter After an initial surge in oil prices following the U.S. attacks on Iranian nuclear sites on the weekend, the price of Brent crude oil futures moderated through Monday, trading around $77 per barrel as the world anxiously awaits Iran’s response to the strategic attacks. With the U.S. now directly involved in the Israel-Iran conflict, fears of Tehran disrupting the global oil supply in retaliation have intensified. Due to its large reserves and strategic geographic position, Iran plays a significant role in the global oil market, giving the country a valuable bargaining chip in international negotiations. According to the U.S. Energy Information…
by Katharina Buchholz, A report released today by the World Meteorological Organization shows that temperature warming in Asia has increased fast over the past decades. In the years between 1991 and 2024, the continent has been warming at a rate of 0.45 Celcius per decade. This is more than double the rate the continent experienced between 1961 and 1990 and almost double the current global average. Looking at the 1991 to 2020 average, temperatures in Asia were 1.04° Celcius above this threshold in 2024, making the year the hottest i.e. second-hottest on record depending on the dataset. Sea surface temperature also reached record highs last year.…
Shipping in Pakistan plays a pivotal role in driving the nation’s international trade and economic stability. As a country with a strategic coastline of over 1,000 kilometers and major ports like Karachi, Port Qasim, and Gwadar, Pakistan’s shipping industry is a lifeline for imports and exports. With the China-Pakistan Economic Corridor (CPEC) and regional connectivity projects gaining traction, shipping in Pakistan is undergoing a transformation. Major Shipping Ports in Pakistan – Karachi Port The largest and oldest seaport. Handles over 60% of the nation’s cargo. Equipped with modern container terminals. – Port Qasim Situated near Karachi, it manages around 35%…
Education is the cornerstone of a nation’s progress, yet in Pakistan, the sector continues to face deep-rooted challenges despite decades of reforms. From outdated curricula to disparities in access, the education system in Pakistan reflects both the aspirations and the struggles of a developing country striving to educate over 240 million citizens. A Fragmented Structure Pakistan’s education system is divided into several tiers: primary (grades 1–5), middle (6–8), secondary (9–10), higher secondary (11–12), and tertiary education (universities). It is further split between public and private institutions, and within the public sector, the divide is even deeper due to provincial autonomy…
Pakistan’s Information Technology (IT) sector has emerged as a key player in the country’s economic transformation. With a youthful, tech-savvy population and increasing digital adoption, Pakistan is carving out a space for itself in the global IT market. From software exports to startups and freelancing, the IT sector is poised for exponential growth, making it one of the most promising industries for investors, professionals, and policymakers alike. 1. Rapid Growth and Global Recognition Over the past decade, Pakistan’s IT exports have seen consistent growth, crossing $2.5 billion in 2024, according to the Pakistan Software Export Board (PSEB). With over 6,000…
KPITB Seamlessly Automating Citizen Centric Service Delivery: The Khyber Pakhtunkhwa Information Technology Board is rapidly automating public service delivery across all departments. Under the Vision 2030 of reform. perform. transform. The KPITB aims to go cashless. Recently, the Khyber Pakhtunkhwa cabinet has approved Pakistan’s first public Digital Payments and FinTech Strategy.The FinTech Strategy includes the digitization of departments, the eradication of cash-based transactions, and ensuring a cashless KP by 2030. Under these efforts, the KPITB has fully automated the arms license section of the KP Home Department. Citizens are paying through “Paymir” – the KP’s digital payment gateway- and applying…
TCL introduces freshin 3.0 air conditioners at ‘Freshin Experience’ event, promoting smarter, healthier living TCL, Pakistan’s No. 1 LED TV brand and a global leader in smart home technology, hosted an immersive lifestyle experience at AristoPolo, DHA Phase 8, Lahore, to mark the official launch of its latest innovation, the TCL FreshIN 3.0 Air Conditioner. The event set the tone for a new era of fresh, healthy, and intelligent living with the introduction of TCL’s most advanced air system to date. Bringing together a curated mix of lifestyle and wellness influencers, celebrities, and TCL’s business partners from across Pakistan, 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 10.94 11.44 2 – Week 10.92 11.42 1 – Month 10.89 11.39 3 – Month 10.90 11.15 6 – Month 10.88 11.13 9 – Month 10.82 11.32 1 – Year 10.81 11.31 Last Updated on 30th June 2025 Source: SBP
Imran Raza Jaffry, a seasoned professional with over 20 years of experience in risk management and underwriting, is making waves in Pakistan’s insurance sector through his insightful publications. Following the success of his first book, “Navigating the Insurance Spectrum: An Overview Analysis of Types,” Jaffry is now set to release his second title, “Blueprint of General Insurance: Concepts, Practice, and Global Perspectives.” His first book, published via Lulu.com (United States), is available through major global platforms including Amazon, Kobo, Apple Books(United States), Booktopia (Australia), Gandhi (Mexico), Rakuten (Japan), PCHome (Taiwan), Everand, Exlibris (Switzerland), FNAC (France), and Books2Read. The book has…
The insurance sector in Pakistan plays a critical role in the country’s financial ecosystem by providing risk management, financial security, and investment opportunities to individuals and businesses. Over the past decade, this sector has experienced gradual growth, supported by regulatory reforms, rising financial awareness, and digital transformation. However, the industry still faces numerous challenges that hinder its full potential. Overview of the Insurance Industry Pakistan’s insurance sector is broadly divided into two main categories: life insurance and non-life (general) insurance. Life insurance, led by companies such as State Life Insurance Corporation (SLIC), covers policies related to individual and group life,…
Introduction As the world shifts toward cleaner, greener modes of transport, Pakistan stands at a pivotal crossroads. With increasing urban pollution, rising fuel costs, and energy security concerns, Electric Vehicles (EVs) offer a promising solution. While the global EV revolution is well underway, Pakistan’s journey is just beginning—fraught with challenges, yet filled with potential. EV Market Overview in Pakistan The Pakistani EV market remains in its infancy. Although a handful of electric bikes, rickshaws, and imported electric cars have trickled into the market, large-scale adoption is still limited. According to Pakistan’s Electric Vehicle Policy 2020–2025, the government aims to convert…
Pakistan’s banking system serves as the backbone of the country’s financial infrastructure, playing a critical role in capital mobilization, economic development, and monetary policy implementation. Over the decades, it has undergone significant transformation—from a state-dominated sector to a more liberalized and technologically evolving landscape. Historical Evolution The origins of Pakistan’s banking system date back to its inception in 1947. The State Bank of Pakistan (SBP) was established in 1948 as the central bank, tasked with regulating currency, credit, and monetary policy. The early years were marked by the establishment of national banks, including Habib Bank and National Bank of Pakistan,…
Introduction The ozone layer, often referred to as Earth’s “protective shield,” plays a vital role in preserving life on our planet. Located in the stratosphere, it absorbs most of the Sun’s harmful ultraviolet (UV) radiation. Without this thin layer of gas, humans and ecosystems would be at serious risk. In recent decades, increasing pollution and chemical emissions have severely damaged the ozone layer, but global efforts are slowly helping it recover. Understanding its role and the threats it faces is essential for a sustainable future. What is the Ozone Layer? The ozone layer is a region of the Earth’s stratosphere…
Pakistan’s largest telecommunication and digital services provider, PTCL Group (PTCL & Ufone 4G), has partnered with TPL Insurance to launch a groundbreaking financial guarantee system aimed at adoption of digital tools, handhelds and IoT equipment across industries and organizations irrespective of their size. This game changing collaboration allows PTCL group to take its Device-as-a-service portfolio to new heights while offering ease of payments and significantly reducing the upfront investment overheads for small and large businesses alike. Under the program PTCL Group will offer a rich spectrum of devices covering flagship phones, tablets, customized handhelds, IoT, digitalizing and networking equipment. Thanks…
Standard Chartered Bank Pakistan has launched an exciting new campaign titled, “Score Your Goals,” offering clients a once in a lifetime opportunity to watch Liverpool FC live at Anfield through a unique investment led reward programme. Running until 31st August 2025, the campaign invites clients to invest in selected wealth and insurance solutions including mutual funds and government securities across both conventional and Shariah-compliant options. In return, clients can earn entries into a grand prize draw where five lucky winners will enjoy the full Liverpool FC experience -including return airfare, hotel accommodation, and matchday access at the iconic Anfield Stadium.…
In 2025 GCC public spending projected to hit $542bn Total public spending by the six Gulf Cooperation Council (GCC) countries is expected to reach $542.1bn in the 2025 financial year, according to data released by the GCC Statistical Center (GCC-Stat). According to a report published by the state news agency, WAM, the six member states — the UAE, Saudi Arabia, Oman, Kuwait, Qatar, and Bahrain — have largely projected higher public expenditures compared to 2024, directing increased funds toward infrastructure completion and targeted economic sector growth in line with long-term development strategies. GCC-Stat data shows that government revenues across the…
Budget for FY 2025-26 arrives at a critical juncture The federal budget for FY 2025-26 arrives at a critical juncture. As Pakistan grapples with economic fragility, youth unemployment and declining investor confidence, the technology sector still offers one of the few credible paths towards sustainable growth. But even this promise risks fading, choked by a familiar cycle of lofty declarations with little follow-through. For years, slogans like Digital Pakistan, IT exports and Startup Pakistan have echoed across stages and press conferences. Yet these remain ceremonial, rarely backed by budgetary or institutional commitment. The FY26 budget, like many before it, acknowledges…
Yango Signs MoU with Islamabad Capital Territory Police to Enhance Rider Safety Through Smart ICTP and Taxi Verification Integration Yango Pakistan, part of the tech company Yango Group, has signed a Memorandum of Understanding (MoU) with the Islamabad Capital Territory Police (ICTP) to strengthen urban safety through the integration of ICTP’s public security tools into Yango’s technology ecosystem. This collaboration aims to raise public awareness and encourage the use of the Smart ICTP app and the Taxi Verification App, both developed by the ICTP, to help citizens access essential safety services. Under the agreement, Yango will feature the Smart ICTP…
AHS Nexus revolutionizes digital innovation with advanced data solutions AHS Nexus is a pioneering educational and consultancy hub dedicated to empowering individuals and businesses with its advanced data-driven solutions. AHS Nexus offers a comprehensive range of services, including expert consultancy, advanced IT solutions and trusted halal certification. The goal is to bridge the gap between theory and practice, equipping individuals with the skills and knowledge to succeed in today’s dynamic world. Founded with the vision to accelerate technological advancement, AHS Nexus collaborates with top-tier institutions to design and implement next-generation digital solutions that meet the unique needs of the IT…
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 10.76 11.26 2 – Week 10.73 11.23 1 – Month 10.72 11.22 3 – Month 10.85 11.10 6 – Month 10.84 11.09 9 – Month 10.82 11.32 1 – Year 10.84 11.34 Last Updated on 16th June 2025 Source: SBP
In the face of chronic energy shortages, economic constraints, and the urgent need for sustainable development, Pakistan has begun turning to the sun as a reliable ally. Solar energy, once viewed as a niche or expensive alternative, is now emerging as a transformative force in the country’s energy landscape. The Energy Crisis and the Solar Solution Pakistan’s energy sector has long struggled with shortfalls. Rolling blackouts, known locally as load-shedding, have plagued industries and households alike. These disruptions are rooted in a reliance on imported fossil fuels, outdated infrastructure, and poor grid management. Enter solar energy — an abundant, clean,…
Climate change is no longer a distant threat; it is a present-day crisis with far-reaching consequences. For countries like Pakistan, the reality of a changing climate is already deeply woven into the fabric of everyday life. From devastating floods to extreme heatwaves, Pakistan stands among the nations most vulnerable to the environmental, economic, and social impacts of global climate change. The Geography of Vulnerability Pakistan’s geographic and socio-economic conditions make it especially susceptible to climate-related risks. With a population exceeding 240 million, much of it dependent on agriculture and natural resources, Pakistan’s economy is intricately tied to environmental stability. The…
by Katharina Buchholz According to a report recently released by the International Renewable Energy Agency, more than 16 million people globally work in the renewable energy industry. Around 7 million of those employees work for companies engaged in solar photovoltaics, the conversion of solar power to electricity. Solar industries have the strongest showing in the statistic, with another 680,000 people employed in solar power directly converted to heating or cooling. This is followed by bioenergy, including liquid biofuels, solid biomass and biogas, with around 3.6 million employees. Hydropower, the biggest renewable energy creator around the world, was operating with fewer employees, around 2.3 million. Since…
by Felix Richter To commemorate the 100th anniversary of the first international football tournament with representation of all regions, which took place on May 25, 1924, the UN General Assembly has declared May 25 World Football Day. The resolution, passed on May 7, 2024, acknowledges “the global reach of football and its impact in various spheres, including commerce, peace and diplomacy and recognizing that football creates a space for cooperation.” The day underscores football’s unique role as a globally beloved game and its potential to contribute positively to development and humanitarian goals worldwide. Often referred to as “the global game”, football (i.e.…
by Katharina Buchholz The Covid-19 pandemic saw international enrollment at U.S. higher education institutions dip majorly, but the number of international students has recovered since then – aided by a bigger influx from India. The first year above pre-pandemic levels, the Open Doors Report on International Education Exchange counted 1.13 million international students in the country in the past school year. This represents an increase of 7 percent over 2022/23 and 18 percent over 2020/21. International students make up 5.9 percent of the total U.S. student population, up from 5.6 percent one year prior. They contributed around $50 billion to the American economy in 2023. India…
by Anna Fleck U.S. President Donald Trump’s four-day trip to the Middle East last week included visits to Saudi Arabia, Qatar and the United Arab Emirates. The tour marked his first planned trip abroad of his second term in office, and is considered by analysts to reflect a shift in the United States’ approach to the region. For one, Trump notably did not meet with Israeli Prime Minister Benjamin Netanyahu, which Al Jazeera writes is a “reflection of the deteriorating ties” between the two governments. While in Riyadh, Trump also announced that the U.S. would be lifting sanctions on Syria. During the trip,…
Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, today announced the launch of its comprehensive suite of online logistics services tailored to assist Pakistani exporters in optimizing their international trade processes. Amid the explosive growth of cross-border e-commerce, small and medium-sized enterprises (SMEs) in Pakistan are presented with new opportunities to participate in global trade. However, they also face significant challenges, particularly in optimizing their export processes. Logistics has been identified as a major obstacle, as businesses must find effective and reliable shipping solutions to ensure timely deliveries while minimizing costs and risks. Recognizing this, Alibaba.com has partnered with…