The Pakistan Stock Exchange (PSX) remains one of the most important barometers of the country’s economic health, investor confidence, and future growth prospects. Despite recurring macroeconomic challenges, political uncertainty, and external pressures, the PSX has repeatedly demonstrated resilience, delivering periods of strong returns and renewed investor interest. As Pakistan navigates economic reforms and structural adjustments, the role of PSX becomes even more critical in mobilizing capital, promoting transparency, and supporting sustainable growth. Evolution of the Pakistan Stock Exchange Formed in 2016 through the merger of Karachi, Lahore, and Islamabad stock exchanges, the Pakistan Stock Exchange aimed to create a unified,…
Author: PAGE
The global halal food market is experiencing unprecedented growth, driven by rising Muslim populations, ethical consumerism, and international demand for high-quality, certified halal products. Pakistan, with its vast livestock resources and traditional halal practices, is emerging as a key player in this sector. With proper infrastructure, policy support, and global marketing strategies, Pakistan has the potential to become a major exporter of halal food and meat. The Growing Global Demand for Halal Products Halal food is no longer just a requirement for Muslim consumers; it has become a symbol of quality, hygiene, and ethical food practices worldwide. In recent years,…
IBA has attained Full Membership of University Consortium for Executive Education (UNICON), joining a highly selective global network of 125+ leading universities and business schools worldwide. Notably, IBA is the first public-sector institution in Pakistan to achieve full UNICON membership—underscoring its regional credibility, global competitiveness, and leadership in executive education, while strengthening Pakistan’s connection to world-class learning and global best practices. As a Full Member of UNICON, IBA-CEE will continue to expand high-impact learning platforms, connect Pakistani leadership with global expertise, and contribute to positioning Pakistan as an active and credible participant in the international executive education ecosystem. As IBA continues to…
Pakistan is facing one of the most severe water and energy crises in its history. Rapid population growth, climate change, inefficient water management, and increasing demand for electricity have placed enormous pressure on the country’s natural resources. In this context, dams in Pakistan are not just infrastructure projects; they are critical national assets that play a vital role in water security, hydropower generation, flood control, and economic development. Water Storage Crisis in Pakistan Pakistan’s water storage capacity is alarmingly low compared to global standards. The country can store only a few weeks of river flows, while many developed and developing…
Zong, Pakistan’s leading information services and technology innovation company, in collaboration with Huawei, has successfully completed Pakistan’s first field test of a full-duplex E-band microwave link. This achievement represents a significant breakthrough in ultra-high-capacity backhaul technology for Pakistan. With rapidly growing data traffic driven by high-definition video streaming, augmented reality (AR), cloud services, and low-latency applications, traditional microwave backhaul solutions face increasing spectrum constraints. Zong’s full-duplex E-band solution directly addresses these challenges, enabling next-generation network performance. With the surge in traffic driven by emerging applications, traditional microwave solutions are limited by spectrum resources and struggle to meet the growing demand…
Presently the government of Pakistan on Tuesday sold its 75 percent stakes in PIA (Pakistan International Airlines) for Rs10.1 billion cash to business tycoon Arif Habib-led consortium, marking the completion of the first major privatisation transaction in two decades through offloading the white elephant. It is said that the consortium of Arif Habib, Fawad Ahmed Mukhtar, Gohar Ejaz and Aqeel Karim Dhedhi – Pakistan’s renowned businesspersons, placed the highest bid of Rs135 billion for the 75 percent shares in the 13th round of open auction. Sources recorded that Air Blue was disqualified for the open bidding after it offered Rs26.5…
Russia and the Gulf Cooperation Council As 2025 draws to a close, the strategic trade and economic exchanges between Russia and the Gulf Cooperation Council (GCC) have reached unprecedented depth and vibrancy. What began as periodic high-level consultations has matured into a multifaceted, mutually beneficial partnership rooted in macroeconomic complementarity, robust commercial cooperation, infrastructure connectivity, and shared interests in shaping a stable, multipolar economic order. From Sochi to Riyadh, from Dubai to Muscat, business leaders, policymakers, and investors increasingly speak of Russia-GCC relations not just in geopolitical terms but as a platform for sustainable economic transformation and shared prosperity, one…
Pakistan records a current account surplus of $100 mn Pakistan recorded a current account surplus of $100 million in November 2025, reversing a deficit of $291 million in October, but the modest improvement came despite a sharp decline in goods exports and was driven almost entirely by remittances sent by overseas Pakistani labourers who continue to receive little to no institutional support from the state. Rather than reflecting a strengthening of export competitiveness or productive capacity, the surplus underscores Pakistan’s growing dependence on remittance inflows generated by migrant workers, many of whom face systemic hurdles, harassment, and mistreatment at the…
Pakistan Moves Closer to Launching New Telcos Services Without a Physical Network: Pakistan has taken a major step toward opening its telecom market to new players as the Ministry of Information Technology has forwarded the Mobile Virtual Network Operator (MVNO) licensing framework to the federal cabinet for final approval. Officials said the move is seen as a key part of preparations for the country’s 5G launch planned for the first quarter of next year. The framework had been pending with the ministry for almost one year. PTA originally sent the revised MVNO plan to the Ministry of IT in November last year, after…
IMC sponsors underprivileged students for Markhor project Indus Motor Company (IMC), commemorating thirty-five years of Toyota’s presence in Pakistan, sponsored ten students from the Toyota Goth Education Program (T-GEP) to participate in the Markhor Project held from 01 October to 05 October in Manoor Valley, Kaghan. The program brought together ninety-one young leaders from across the country for an immersive experience focused on self-discovery, purposeful learning, and social contribution. Reinforcing its commitment to empowerment and gender inclusion, IMC ensured that eight of the ten sponsored students were girls. This reflects the company’s long-standing focus on expanding opportunities for young women.…
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 10.34 10.84 2 – Week 10.35 10.85 1 – Month 10.35 10.85 3 – Month 10.40 10.65 6 – Month 10.45 10.69 9 – Month 10.47 10.97 1 – Year 10.48 10.98 Last Updated on 22nd Dec 2025 Source: SBP
Introduction: Redefining Growth in a Climate-Conscious World The global economy is undergoing a profound transformation. Traditional growth models—built on intensive resource extraction and environmental neglect—are no longer sustainable. In response, green growth has emerged as a forward-looking economic strategy that harmonizes nature, technology, and economic development. By integrating environmental protection with technological innovation, green growth offers a roadmap for long-term prosperity without compromising the planet. This evolving model is not just an environmental imperative; it is a powerful driver of competitiveness, resilience, and inclusive development in the 21st century. Understanding Green Growth: Beyond Environmental Protection Green growth refers to an…
Zong, Pakistan’s leading Information Services and Technology Innovation Company, is set to launch the nation’s first-ever Blockchain-based Degree Attestation System in a landmark strategic partnership with the Higher Education Commission (HEC). Leveraging the immense experience and technological expertise of its parent organization, China Mobile, Zong’s new system will replace legacy, paper-driven processes with a secure, transparent, and fully digital ecosystem. The platform ensures that academic records are 100% tamper-proof using the core strengths of blockchain; immutability, transparency, and decentralized security. This enables instant verification for employers and institutions globally, especially benefitting overseas Pakistanis. It will also eliminate the need for…
TikTok For Business Ads Manager now gives businesses of all sizes the resources and flexibility to engage new audiences TikTok has rolled out a new self-serve advertising solution in Pakistan to empower small and mid-size businesses (SMBs) to tap into the power of the platform to grow their brand. TikTok For Business Ads Manager, a self-service advertising platform, gives SMBs the tools to tap into the creativity of the TikTok community, reach new audiences and optimize their marketing campaigns with an easy-to-use platform. The move marks an important step in expanding TikTok in Pakistan, giving local entrepreneurs, homegrown brands and…
Strict adherence to governance reforms is vital, but further burdening the industrial sector could stifle recovery Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI, and Former Provincial Minister Information Technology, has commented on the 11 milestones recently outlined by the International Monetary Fund (IMF) as part of the ongoing $7 billion Extended Fund Facility (EFF). In a statement issued today, Mian Zahid Hussain observed that while the recently emphasized milestones aimed at curbing corruption and enhancing transparency are steps in the right direction, the…
Introduction Artificial Intelligence has moved far beyond simple automation and predictive analytics. A new paradigm—Agentic AI—is redefining how machines interact with the world, make decisions, and pursue goals with minimal human intervention. Unlike traditional AI systems that respond to predefined inputs, Agentic AI operates as an autonomous agent, capable of planning, reasoning, adapting, and acting independently to achieve specific objectives. As businesses, governments, and industries accelerate digital transformation, Agentic AI is emerging as a game-changing technology that promises higher efficiency, smarter decision-making, and scalable innovation. What Is Agentic AI? Agentic AI refers to artificial intelligence systems designed to function as…
Pakistan is facing a persistent energy crisis driven by rising fuel costs, growing electricity demand, and climate vulnerability. In this context, solar and wind power in Pakistan are emerging as vital solutions to ensure energy security, economic stability, and environmental sustainability. With abundant sunlight and strong wind corridors, the country holds immense untapped renewable energy potential. Pakistan’s Renewable Energy Landscape Pakistan is geographically well-positioned for renewable energy development. The government’s Alternative and Renewable Energy (ARE) Policy aims to increase the share of clean energy in the national power mix, reducing dependence on imported fossil fuels. Among renewable sources, solar energy…
Google’s Year in Search 2025 paints a vivid picture of what captured Pakistan’s attention online, with searches spanning from Pakistan’s ever-lasting love of Cricket and athletes to quick recipes and curious how-to queries. Cricket on Top with Local Dramas Close Behind in Pakistan’s Entertainment Searches Cricket continues to lead Pakistan’s search trends for another year, with major matchups and tournaments dominating online curiosity. Fans actively searched for fixtures like Pakistan’s matches against South Africa, India & New Zealand. Among major tournaments, Pakistan’s homegrown “Pakistan Super League” remained the most popular tournament alongside “Asia Cup”, and the “ICC Champions Trophy”, reflecting…
GCC leaders pledge unified stance on regional crises Gulf Cooperation Council leaders Wednesday concluded their 46th Summit with a pledge to boost integration and tackle emerging challenges. They issued the following ‘Sakhir Declaration’ at the end of the 46th GCC Summit hosted by the Kingdom of Bahrain: “Based on the deep, historic fraternal bonds that unite the GCC states and their peoples, rooted in common faith, lineage, language and a shared destiny, and reflecting the noble objectives upon which the Council was founded in 1981, Their Majesties and Highnesses, the leaders of the Gulf Cooperation Council (GCC), convening at the…
USF accepts Rs13b new telecom projects The Universal Service Fund (USF) is poised to achieve a major milestone under the prime minister’s Digital Pakistan vision with the approval of nine new telecom projects valuing at Rs13.05 billion. These projects are set to provide high-speed internet and voice services to 5.55 million un-served and underserved residents across 178 towns/union councils and 753 mauzas of 11 districts across the country, significantly empowering the rural population to participate in the digital economy and connect with the digital world, said. Six projects will deliver high-speed broadband and voice services to 1.27 million people in…
Askari Bank and Autosoft Dynamics Partner to Accelerate Digital Transformation in Lending: Askari Bank Limited has entered into a strategic partnership with Autosoft Dynamics (Pvt.) Limited, a leading provider of banking technology solutions, to implement a state-of-the-art Digital Lending and Loan Origination System (LOS). This collaboration marks a significant milestone in the Bank’s digital transformation journey and reinforces its commitment to redefining customer experience through technology-driven innovation.Under this agreement, Autosoft Dynamics will deploy its advanced digital lending suite to automate and streamline the end-to-end credit process. The initiative will strengthen Askari Bank’s risk management framework, enhance operational efficiency, and substantially…
Natural resources short review Russia has the world’s most valuable natural resources, estimated at $75 trillion, followed by the U.S. $45 trillion and Saudi Arabia $34 trillion. Other countries with significant resource wealth include Canada, Iran, China, Brazil, and Australia. Globally, Russia, the U.S., and Saudi Arabia have a combined natural resource value of $154 trillion. Why OPEC plans to keep oil production flat? Oil producers in the OPEC+ group this weekend confirmed they will hold output levels flat in the first quarter of next year. This comes after the group spent most of this year increasing oil production. For…
Mian Zahid felicitates UAE on 54th National Day; lauds $7.4 trade milestone Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI, and Former Provincial Minister Information Technology, has extended his warmest felicitations to the leadership and people of the United Arab Emirates on the joyous occasion of their 54th National Day (Eid Al Etihad). In a statement issued on December 3, Mian Zahid Hussain paid rich tribute to the vision of the UAE’s Founding Father, Sheikh Zayed bin Sultan Al Nahyan, whose legacy of wisdom…
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 10.78 11.28 2 – Week 10.78 11.28 1 – Month 10.79 11.29 3 – Month 10.85 11.10 6 – Month 10.90 11.15 9 – Month 10.90 11.40 1 – Year 10.91 11.41 Last Updated on 8th Dec 2025 Source: SBP
Due to the natural depletion of indigenous gas reservoirs on annual basis, SSGC has been experiencing gas shortages in its system. Since FY 2017–18 the gas supplies have been reduced by 55% (1192 MMSCFD in FY-2017-18 to current 660 MMSCFD) in SSGC’s allocated gas fields and subsequently 535 MMCFD of gas depletion has been observed during the past eight years. The year-wise gas supplies and depletion rate can be seen in the below listed chart; According to the load management plan approved by ECC, the domestic and industrial sectors are given the first priority. There is no gas load shedding…
Introduction Inflation has become a defining economic theme of the 2020s, reshaping financial markets, altering consumption patterns, and challenging policymakers around the world. While inflation naturally fluctuates across economic cycles, the recent surge—fueled by supply disruptions, geopolitical tensions, and aggressive monetary shifts—has had an unprecedented global impact. Understanding worldwide inflation trends is essential to contextualize Pakistan’s own price pressures and policy struggles. Global Inflation: The Big Picture 1. The Post-Pandemic Price Shock The world entered a new inflationary period following the COVID-19 pandemic. Lockdowns crippled manufacturing hubs, shipping routes were disrupted, and labour shortages emerged across continents. When global demand…
Agreement includes options to convert Emirates’ latest order into the 777-8 or 777-10, providing strong backing for Boeing’s 777-10 feasibility study. Emirates to remain largest customer and operator of the Boeing 777 with a total orderbook of 280 aircraft including freighters; and the largest GE9X customer with a total of 540 engines on order to power its 777X fleet, including the additional 130 units signed today. Emirates, the world’s largest international airline, today announced orders for 65 additional Boeing 777-9 aircraft, powered by GE 9X engines, worth US$ 38 billion at list prices, on the opening day of Dubai Airshow…
The Center for Excellence in Islamic Finance (CEIF) at IBA celebrated its 10-year journey in shaping the future of the Islamic financial landscape in Pakistan with a grand event titled “A Decade of Empowering Islamic Finance,” held at the IBA City Campus. Dr. Irum Saba, Director, IBA-CEIF, delivered the welcome address. She acknowledged the strong collaboration of Islamic financial institutions, which has enabled the center to achieve such a major milestone. Dr. Saba credited the center’s success to the support of various banking authorities, including the State Bank of Pakistan (SBP), and expressed her gratitude to the sponsors of the…
Diamonds have long symbolized wealth, prestige, and timeless beauty, but among the millions of stones mined throughout history, only a handful rise to the status of global treasures. These are the diamonds that shape royal histories, break auction records, and become icons of human fascination. Their astonishing prices reflect not only their size and color, but also their stories — tales of empires, conquests, science, and rarity so profound that their worth transcends the market itself. A Treasure Beyond Price: The Koh-i-Noor Often described as “priceless,” the Koh-i-Noor stands in a category of its own. Originating from the famed mines…
The global halal economy has evolved far beyond traditional food requirements to become one of the world’s fastest-growing economic ecosystems. Driven by rising Muslim populations, increasing consumer awareness, and growing demand for ethical, traceable, and high-quality products, the halal economy now spans food, finance, travel, pharmaceuticals, cosmetics, fashion, logistics, and digital services. Today, it represents a market worth over USD 3 trillion and continues to expand as both Muslim-majority and non-Muslim countries invest strategically in halal-compliant industries. From Religious Obligation to Global Market Standard Halal, which means “permissible” according to Islamic principles, has transformed into a global benchmark for quality,…
The Aga Khan University Hospital (AKUH) successfully organised a public awareness session titled ‘Live Well With Diabetes – Track. Treat. Thrive.’ to mark World Diabetes Day, addressing the fact that more than one in four adults in Pakistan is currently living with diabetes. The session offered invaluable expert guidance, interactive learning opportunities, and free-of-charge health assessments, empowering attendees to better understand, manage, and prevent diabetes and its complications. The event brought together healthcare professionals, students, and members of the public. The session centred on the crucial need for early detection and adherence to proper management plans. Dr. Qamar Masood, Consultant…
Marhaba exporting superior quality natural products to over 40 countries Marhaba set to explore new horizons under Hakeem Muhammad Usman leadership Marhaba Laboratories (Private) Limited established in 1975, introduced Pakistan’s purest range of natural products under the umbrella brand name ‘Marhaba’, and over the years it has continuously innovated to create world-class research laboratories. Marhaba has the largest and best-equipped production facilities for health and consumer products. Marhaba is one of the fastest-growing companies providing healthy food products, herbal medicines, and natural cosmetics. Due to market confidence and acceptance at mass levels, Marhaba has become Pakistan’s No.1 natural brand. Focusing…
The future is bright: GCC growth outlook Gulf Cooperation Council (GCC) real GDP growth is projected to increase from 1.7 percent in 2024 to 3.2 percent in 2025 and 4.5 percent in 2026. Growth is driven by an easing of OPEC+ oil production cuts and robust expansion in non-oil sectors, including private consumption, investment, and economic diversification efforts. Government spending has been effective in stabilizing economies, particularly during downturns. The positive outlook is supported by a stable insurance sector and ongoing reforms to strengthen the private sector. Economic diversification efforts in GCC member states, such as Saudi Arabia and the…
Pakistan, Canada discuss climate cooperation Federal Minister for Climate Change and Environmental Coordination, Senator Dr Musadik Malik, met with the High Commissioner of Canada to Pakistan, Tarik Ali Khan, to discuss ongoing collaboration and future avenues of partnership between Pakistan and Canada. The Canadian high commissioner conveyed condolences over the recent tragic attack on Cadet College Wana, Khyber-Pakhtunkhwa (K-P). He expressed Canada’s hope for peace and stability in the region. He also thanked the minister for his support in facilitating the import of Canadian Canola Oil into Pakistan. According to an official statement issued on Thursday, discussions focused on strengthening…
Honor 500 Pro Leak Reveals Massive Battery and 200MP Camera: Honor is reportedly planning to unveil its 500 series smartphones by the end of this year, according to recent leaks. The company has yet to confirm any details, but a series of reports has already outlined what users might expect from the upcoming lineup.The latest leak, originating from China, highlights that the Honor 500 Pro will feature Qualcomm’s Snapdragon 8 Elite chipset. The device is also rumored to include a massive 8,000mAh battery, which could offer impressive battery life for power users. BankIslami Strengthens Its Digital Islamic Banking Platform ‘aik’: Committed to…
LUMS and HBL to develop commercial financing schemes for accelerating electric mobility LUMS and Habib Bank Limited (HBL) have signed an MoU to collaborate on developing commercial financing schemes for LUMS’ upcoming project, ‘Pakistan – Battery Swapping Network’. The initiative aims to accelerate the adoption of electric three-wheelers in Pakistan by introducing flexible and accessible financing options. Through this collaboration, both institutions seek to drive the transition toward cleaner, emission-free transport solutions and contribute to improving air quality across urban centres. Beyond reducing emissions, the project aligns with Pakistan’s climate change mitigation commitments under the Paris Climate Agreement and 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 10.87 11.37 2 – Week 10.87 11.37 1 – Month 10.89 11.39 3 – Month 10.90 11.15 6 – Month 10.93 11.18 9 – Month 10.95 11.45 1 – Year 10.97 11.47 Last Updated on 17th Nov 2025 Source: SBP
Gas & Oil Pakistan Limited, in partnership with Aramco, inaugurated its 50th retail station on Srinagar Highway, Islamabad. The event gathered senior management and industry leaders to celebrate this milestone, reflecting the company’s growing commitment to Pakistan’s retail fuel sector. Beyond expanding its network, the Aramco new station contributes to the creation of employment opportunities, local skill development, and economic activity in the surrounding community. Each new outlet supports operational staff, customer service teams, and supply chain partners, reinforcing the broader socio-economic impact of the investment. Since launching its first station in Lahore in 2024, the global oil giant has…
Artificial Intelligence (AI) has emerged as one of the most transformative forces of the 21st century, reshaping industries, economies, and societies at an unprecedented pace. What began as a concept of mimicking human intelligence through machines has now evolved into a sophisticated ecosystem of technologies driving automation, decision-making, and creativity across the globe. From Concept to Reality The roots of AI date back to the mid-20th century when scientists first began exploring the possibility of machines that could “think.” Over the decades, AI has progressed through several stages—rule-based systems, machine learning, and now deep learning—each pushing the boundaries of what…
A Global Revolution on Wheels The world is witnessing a major transformation in mobility. Electric Vehicles (EVs), once seen as experimental technology, have now become a mainstream reality. Countries around the globe are embracing cleaner, smarter, and more efficient transport systems. China, the United States, and Europe continue to dominate the EV landscape. China leads the way, accounting for more than half of global EV sales, while European nations like Norway and Germany are rapidly approaching full electrification. The United States, with support from federal incentives and tech pioneers like Tesla, is expanding its EV infrastructure and manufacturing base. Meanwhile,…
by Tristan Gaudiaut, Driven by geopolitical tensions, economic uncertainty and sustained central bank buying, the price of gold has reached record levels, gaining nearly 60 percent this year to pass the $,4,000-per-ounce mark this month (closing price average from October 1st to 27th). The level of demand for gold is now prompting questions about whether reserves of the commodity are being exhausted and if humanity has reached “peak gold”. Indeed, some analysts believe that global mining production has already reached or is close to its peak, having stagnated between 3,000 and 3,300 metric tons annually over the last decade. While new gold deposits are still being…
by Tristan Gaudiaut, Globally, the most widely used investment products include stocks, bonds, real estate, insurances with an investment element (e.g., life insurance) and precious metals (gold, silver, etc.). Cryptocurrencies have also been gaining traction in recent years, particularly among younger investors and in emerging economies. According to the most recent Statista Consumer Insights survey conducted in six countries across the globe, equity investments, such as stocks or mutual and exchange-traded funds, are still dominant. Indeed, they are the most popular form of investment in India (39 percent of respondents said they currently own/use it), China (36 percent), Germany (23 percent) and the United States (17…
by Katharina Buchholz As the following chart shows, Brazil is expected to retain its role as the world’s biggest exporter of beef in 2025, according to data from the U.S. Department of Agriculture. Forecasts as of April predict that the country will export 3.75 million tons of beef this year. The other major players in beef exports in 2025 are India, which exports water buffalo, the United States and Australia. Despite the second presidency of Donald Trump seeing many new tariffs coming into effect, the beef trade market did not see major disruptions over the course of the year so far. The United…
by Katharina Buchholz, The following chart shows data on suicide prevalence in countries around the world. Out of every 100,000 men in the United States, an average of 24 died from suicide in 2021, while for women the average was close to seven per 100,000. In several countries these figures were even higher, such as in South Korea, Lithuania and Hungary. While there are significant differences between countries, one pattern is clear to see: the rates of men taking their own lives are generally higher than those of women. Lithuania and South Korea had the highest rates of suicide among men in 2021…
by Valentine Fourreau, The fashion industry has a significant environmental impact due to its high consumption of water, land and raw material. According to European Parliament data, in 2022 the average textile consumption per person in the EU required 323 m² of land, 12 m³ of water and 523 kg of raw materials. In September, the European Parliament passed a law aimed at reducing textile waste in the EU. While this new directive applies to all textile producers, it specifically targets fast fashion companies like Shein or Temu, whose rapid turnover of collections and low prices come at the expense of quality and…
by Tristan Gaudiaut, With sales continuing to thrive in many countries, the global market for battery electric vehicles (BEVs) surpassed the 10 million annual sales mark for the first time in 2024, with sales up nearly 10 percent compared to 2023. More recently, in May 2025, China also reached a major milestone, with over one million electric cars sold in a single month, according to the International Council on Clean Transportation (ICCT). While China unsurprisingly dominates the global market in terms of sales volume, some European countries still lead the way in terms of adoption (looking at the share of BEVs…
by Anna Fleck, Prices have increased again for subscription services to streaming platforms in 2024 and 2025. Disney+ is the latest to raise its costs, increasing from $15.99 per month to $18.99 per month as of October 21, 2025. This places it on the upper end of monthly pricing, alongside Hulu, which raised its monthly prices from $17.99 to $18.99 in October 2024. Both Disney+ and Hulu saw their churn rates double in September, from four to eight percent and five to ten percent, respectively. While the announcements of increased prices set for October could have contributed to higher rates of subscription cancellations…
Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI, and Former Provincial Minister Information Technology, today applauded the successful resumption of Pakistan International Airlines direct flights to Western markets, calling it a strategic milestone for national trade and a critical prelude to the airline’s privatization. Mr. Hussain emphasized that the restoration of PIA flights to France in January 2025 and now to the UK—culminating in the inaugural Islamabad-Manchester flight on October 25, 2025—validates the rigorous compliance efforts undertaken by the government. This success follows the…
Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI, and Former Provincial Minister Information Technology, today commended the recent interview of Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb Khan. He appreciated the Finance Minister’s clear economic roadmap, highlighting the importance of private sector growth and ongoing structural reforms, which align with the goals of the Pakistani business community. “The Finance Minister’s assertion that the private sector is the engine of the economy, with the government’s role being to provide a supportive ecosystem, is…
Key stakeholders and government officials in Karachi receive special tour of retrofitted aircraft with Premium Economy cabins Forty years ago, Emirates, the world’s largest international airline, launched its first flight, EK600, on the route to Karachi. To commemorate the milestone Emirates today showcased its retrofitted B777, featuring Premium Economy cabins, at Jinnah International Airport. The special preview, held on the eve of the airline’s 40th anniversary, provided VIPs and stakeholders from the aviation and travel industry, and members of the media a walkthrough tour of Emirates’ reconfigured and refreshed four-class aircraft, sporting its latest features. The special flight featuring Premium…
HBL Zarai Services Limited has officially launched its services in Sindh, marking a major step in its mission to empower farmers across Pakistan. The launch ceremony was held in Dad Leghari, Mirpur Mathelo, and was attended by a large gathering of nearly 500 members of the farming community. The event was graced by Amer Aziz, CEO – HBL Zarai Services Limited, and Engineer Sardar Abdul Bari Khan Pitafi, a renowned community leader, a respected figure & leading integrated agri-livestock specialist in the region, along with other local notables and farmer representatives from surrounding areas. During the ceremony, Amer Aziz highlighted…
Set across Asia and Europe along the Bosphorus Strait, İstanbul continues to charm travellers with its historic landmarks, vibrant culture, and dynamic culinary scene. The city welcomed 13.5 million visitors in the first nine months of 2025 and was recently ranked among Europe’s top five city breaks by consumer champion Which?, while Condé Nast Traveller readers also named it one of the best family-friendly destinations. As autumn arrives, İstanbul’s timeless appeal makes it an ideal getaway for those seeking both cultural discovery and modern comfort. With its rich heritage shaped by empires over millennia, İstanbul seamlessly blends history with contemporary…
In a significant stride toward modernizing Pakistan’s agriculture, Syngenta Pakistan brought together the Government of Punjab delegation and the Syngenta Group China leadership during an official visit to Beijing. The meeting, led by Mr. Fu Su (President, Syngenta Group China) and Mr. Syed Ashiq Hussain Kirmani (Minister of Agriculture, Punjab), explored new avenues to strengthen agri-tech cooperation, climate-resilient farming, and export potential. Discussions centered on strengthening collaboration in areas such as food security, climate-resilient farming, and the adoption of advanced agri-tech innovations. The dialogue also emphasized the importance of joint efforts to enhance crop productivity, promote sustainable practices, and address…
Global Leaders Chart the Future of Risk Sharing and Sustainable Finance The 7th Global Takaful and Re-Takaful Forum 2025, organized by AlHuda CIBE FZ LLE – UAE, concluded successfully at the Dusit Thani Hotel, Dubai, bringing together leading voices from more than 20 countries to explore the evolution, opportunities, and future roadmap of the global Takaful and Re-Takaful industry. The event opened with the recitation from the Holy Quran by Maaz Chaudhry Shah Kotia, followed by a warm welcome from Mr. Muhammad Zubair, CEO of AlHuda CIBE – UAE. In his address, Mr. Zubair highlighted that “Takaful is more than…
Pakistan Cables Limited has been honored with the Diamond Award at the 3rd Employers’ Federation of Pakistan Skills Development Employers’ Recognition Awards 2025, in recognition of the company’s leadership in On-the-Job Training and Industry–Academia Linkages. The award was presented by Mr. Sanjeewa Pattiwila, Consul General of Sri Lanka, and received on behalf of Pakistan Cables by Mr. Imran Ghani Mirza, General Manager Industrial Relations. This honor specifically recognizes Pakistan Cables’ structured approach towards employability through three flagship initiatives: ASCEND—the Company’s women-in-STEM program that provides internships and industry exposure for female engineering students; the Management Trainee (MTO) Program—a pipeline that develops…
Indus Motor Company (IMC), as part of its unwavering commitment to community welfare and sustainable development, has launched extensive flood relief operations in Swat and Buner—two of the most severely affected districts in Khyber Pakhtunkhwa (KPK)—in response to the devastating monsoon floods that have claimed over 500 lives and displaced more than half a million people across the province. In collaboration with local authorities and humanitarian partners, IMC’s relief teams swiftly mobilized to deliver critical aid to affected families. The company’s flood relief package included tents, tarpaulins, blankets, ration hampers, drinking water, cooked food, mosquito nets, and free medical camps…
ChildLife Foundation’s Telemedicine services have been awarded as the Most Impactful Telemedicine Project in the Digital Health & Innovation category at the 1st National Health Awards, presented during the 22nd Health Asia International Exhibition & Conferences. The award recognizes ChildLife’s telemedicine network for significantly expanding access to pediatric emergency care in underserved areas of Pakistan. Federal Minister for National Health Services, Regulation & Coordination, Mr. Syed Mustafa Kamal, was the Chief Guest of the event. The ceremony was organized in collaboration with Federal Ministry of National Health Services and supported by the Special Investment Facilitation Council (SIFC). ChildLife Foundation’s Telemedicine…
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and Chairman of the Board of Directors of RUA AlHaram AlMakki Company, announces the launch of King Salman Gate, a transformative multi-use development in the Holy City of Makkah. Spanning up to 12 million sqm Gross Floor Area adjacent to AlMasjid AlHaram, the project marks a major milestone in the development of Makkah and its central area, establishing it as a global benchmark in modern city planning. King Salman Gate’s urban development and infrastructure transformation will contribute to enhancing access to AlMasjid AlHaram, elevating service…
Unified GCC Visa to alter how UAE residents travel and insure trips Travel across the Gulf is about to get much simpler — and it’s not just good news for tourists. The upcoming Unified GCC Visa, which will let residents and visitors move freely across Gulf countries, is set to change how UAE residents travel and insure their trips. For the region’s travel insurance sector, this could be transformative. With borders becoming more fluid, travellers’ expectations are shifting — and insurers are already preparing for new patterns in demand. Industry experts have widely deemed how the Unified GCC Visa would…
Daira Marks First Anniversary with Renewed Commitment to Financial Inclusion in Pakistan: Mobile-first digital nano-lending platform, Daira marked its first anniversary of operations in Pakistan with a renewed commitment to advancing financial inclusion and access to finance for the country’s unbanked and underbanked populations. Daira was launched by Pakistan fintech company Finleap, a part of global financial technology leader FinVolution Group (NYSE: FINV) that connects millions of consumers and micro- and small-sized enterprises with over 130 financial institutions worldwide. The platform benefits from global best practices and financial models to enable Pakistan’s financially excluded segments. South Korea Turns Trading Into…
PTCL and Mercantile join forces to drive Pakistan’s Digital Transformation Pakistan’s largest telecommunications and integrated ICT services provider, PTCL Group (PTCL & Ufone 4G), has signed a strategic partnership with Apple’s authorised distributor and service provider in Pakistan, Mercantile, to offer Apple’s complete product range to its enterprise customers nationwide. The partnership was signed by Asif Ahmad, Group Chief Business Solutions Officer, PTCL & Ufone 4G, and Nauman Durrani, CEO Pakistan, SVP Sage – Mercantile on the sidelines of GITEX Global 2025 in Dubai. President & Group CEO Hatem Bamatraf was also present at the signing, along with senior management…
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 10.88 11.38 2 – Week 10.87 11.37 1 – Month 10.89 11.39 3 – Month 10.90 11.15 6 – Month 10.93 11.18 9 – Month 10.90 11.40 1 – Year 10.90 11.40 Last Updated on 20th Oct 2025 Source: SBP
In recent years, Pakistan has witnessed a remarkable transformation in its entrepreneurial landscape. Once dominated by traditional family-owned businesses, the country is now home to a vibrant startup ecosystem driven by young innovators, digital disruptors, and bold investors. From fintech and e-commerce to health tech and agritech, Pakistani startups are redefining the nation’s economic potential and making their mark on the global stage. A Digital Revolution in Motion The rapid rise of digital connectivity has been the backbone of Pakistan’s startup boom. With over 190 million mobile subscribers and nearly 130 million internet users, Pakistan is among the fastest-growing digital…
The Pakistan Stock Exchange (PSX) continues to serve as a vital barometer of the country’s economic health, reflecting both the challenges and resilience of Pakistan’s financial landscape. Despite macroeconomic headwinds, the PSX has demonstrated remarkable recovery and investor confidence, driven by improving economic indicators, policy stability, and renewed foreign interest. Market Overview and Recent Performance In recent months, the PSX has maintained an upward trajectory, with the benchmark KSE-100 index touching record levels amid improved sentiment in the business and investment community. The rally has been largely fueled by positive developments on the economic front, including a stable Pakistani rupee,…
In today’s interconnected world, a passport is more than just a travel document—it’s a symbol of global mobility, opportunity, and influence. The power of a passport is measured by the number of countries its holders can enter without needing a prior visa. Each year, global rankings reveal which nations offer their citizens the greatest freedom to travel. Defining Passport Power The *Henley Passport Index* and *Arton Capital Passport Index* are the two most recognized global rankings that evaluate passports based on visa-free and visa-on-arrival access. A higher score reflects greater diplomatic strength, international trust, and global partnerships. Top-Ranked Passports in…
Climate change has emerged as one of the most pressing challenges of the 21st century. It is reshaping ecosystems, economies, and human lives across the globe. Rising temperatures, extreme weather events, and melting ice caps are not distant possibilities anymore — they are happening now. For developing nations like Pakistan, the effects are especially severe, turning a global environmental crisis into a national emergency. A Warming World: The Global Climate Shift Over the past century, Earth’s average surface temperature has increased by approximately 1.2°C, primarily due to human-induced greenhouse gas emissions. Industrialization, deforestation, and excessive use of fossil fuels have…
Bitcoin, the world’s first decentralized cryptocurrency, has evolved from a niche technological experiment into a trillion-dollar asset reshaping global finance. Born in 2009 under the pseudonym Satoshi Nakamoto, Bitcoin introduced a revolutionary idea — a peer-to-peer electronic cash system that eliminates the need for banks or central authorities. Over the years, it has transcended its role as a currency to become a store of value, an investment asset, and even a hedge against inflation. The Evolution of Bitcoin Bitcoin’s journey has been nothing short of remarkable. Initially traded for less than a cent, it captured global attention when its price…
Maqbool Ahmed’s life was marked by hardship from an early age. Orphaned at just 12, he carried the responsibility of raising his siblings apart from his own struggles. Amidst the loss of his parents and sunk in poverty, another tragedy unfolded: severe eye allergies that led to blurred vision and eventually corneal opacity in both eyes. As his sight deteriorated, so did the compassion of those around him. In Pakistan, where visual impairment often leads to social exclusion, Maqbool was labelled as “Aandha” by neighbors, friends and even his relatives. At work he was ridiculed, and made to feel like…
Economy: GCC thrives on the dual engine The Gulf Cooperation Council (GCC) entered 2025 with a clearer dynamic known as the “non-oil economy driving growth alongside hydrocarbon production dual engine”: non-oil growth ensuring the majority of progress, while hydrocarbons remained limited by previously decided OPEC+ quotas. This pattern is particularly visible in the United Arab Emirates where, in the first quarter, the overall GDP grew by 3.9 percent year-on-year, with a 5.3 percent increase in the non-oil sector, which now represents 77 percent of the economy. Saudi Arabia and Qatar also showed strong non-oil momentum. In the second half, the…
Pak-Saudi trade corridor recently proposed With Pakistan and Saudi Arabia recently sealing a historic defence pact, policymakers and business leaders are increasingly calling for the two nations to expand cooperation into structured economic frameworks that could reshape regional connectivity. They believe that a Pak-Saudi Economic Corridor (PSEC), modelled on the China-Pakistan Economic Corridor, could be the natural next step to convert the momentum of the new security alliance into long-term economic dividends. Pakistan: Central Government Debt (In Billion Rupees) (P) Debt Instruments As on end Period Jul-24 Jun-25 Jul-25 A. Central Government Domestic Debt (a+b+c) 47,716 54,471 54,988 a. Long…
Yango Group Showcases Its SuperApp at Pakistan Largest Tech Conference ITCN Asia 2025: Yango Group, global tech company, marked a major milestone at ITCN Asia 2025, Pakistan’s largest technology conference, by unveiling its SuperApp and offering visitors a live demonstration of its evolving digital ecosystem. Having set up a physical booth at the VIP lounge, Yango’s SuperApp brought together Ride, Delivery, Shops, Tech, Ads and a suite of B2B activities under one umbrella, redefining how people interact with mobility in the digital ecosystem of Pakistan. The exhibition at ITCN Asia allowed visitors to experience firsthand the convenience, speed, and breadth…
Mobilink Bank, TPL Life collaborate to provide critical healthcare at flood affected areas Pakistan’s leading digital microfinance bank, Mobilink Bank, has collaborated with TPL Life, a digital insurance provider, to extend much-needed healthcare support to flood-affected communities across Punjab. The partnering institutions set up medical camps across Pakpattan, Sialkot, and Minchinabad (Bahawalnagar) to deliver essential healthcare to people who had lost access to medical facilities – either destroyed or rendered inaccessible by the recent floods. The initiative reflects the institutions’ shared commitment to corporate social responsibility and timely humanitarian intervention. The day long camps offered comprehensive medical services completely free…
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 10.91 11.41 2 – Week 10.91 11.41 1 – Month 10.89 11.39 3 – Month 10.91 11.16 6 – Month 10.92 11.17 9 – Month 10.85 11.35 1 – Year 10.85 11.35 Last Updated on 06th Oct 2025 Source: SBP
Bridges are more than just pathways; they are symbols of human innovation, determination, and architectural brilliance. From spanning vast rivers and valleys to connecting distant lands, the highest and longest bridges in the world stand as testaments to engineering excellence. These structures not only solve logistical challenges but also showcase the artistic and scientific progress of modern civilization. The Highest Bridges in the World High bridges are typically built in mountainous or deep valley regions, where engineers must overcome steep landscapes. The height of a bridge is measured from its deck (the road surface) to the ground or water beneath.…
Skyscrapers have become more than just tall buildings — they are symbols of progress, economic strength, and architectural innovation. From New York’s early high-rises to today’s futuristic towers in Asia and the Middle East, these vertical marvels continue to reshape skylines and redefine urban living. The Rise of Skyscrapers The concept of skyscrapers emerged in the late 19th century with the advancement of steel-frame construction and elevators. Chicago is often credited as the birthplace of the skyscraper, with the Home Insurance Building (1885) being the world’s first tall steel-frame structure. Soon after, New York City took the lead, with iconic…
by Anna Fleck, The OECD has raised its global growth forecast for 2025, now predicting GDP to expand by 3.2 percent, up by 0.3 percentage points from its June estimate. According to the OECD Economic Outlook interim report released on Tuesday, the economy “proved more resilient than anticipated” in the first half of 2025. Key drivers of this stronger-than-anticipated performance include front-loading of goods production and trade ahead of the introduction of higher U.S. tariff rates, strong investment in high-tech sectors and increased government spending in China. However, global GDP growth is still expected to moderate to 2.9 percent in 2026, as the full impact of higher…
by Anna Fleck, According to estimates by Statista Market Insights, the global travel and tourism industry surpassed pre-coronavirus levels in 2023 and will continue to grow until 2025. Hotels will remain the biggest segment and are forecast to see a revenue of approximately $455 billion worldwide this year. Where cruises slowed to a near standstill during the COVID-19 pandemic, with a low of $3.1 billion in revenue in 2021, the segment is expected to surpass $45 billion in 2025. Meanwhile, the package holiday market is also growing rapidly, with an expected revenue of €330 billion in 2025. As the following chart shows, the travel and…
by Felix Richter, Over the past two decades, domestic robots like robot vacuums and lawn-mowing robots have evolved from gimmicks for tech lovers to actual mass-market products. Today, these automated little helpers are capable of performing household chores as good as, if not better than humans, freeing up valuable time for their owners to focus on more important things such as (paid) work, family or leisure activities. With advancements in technology, domestic robots have not only become smarter and more efficient, but also become a lot more affordable, with decent vacuum robots now available for just a couple hundred dollars. As…
by Katharina Buchholz, The World Intellectual Property Organization (WIPO) has released its 2025 Global Innovation Index. It evaluated innovation levels across 132 economies focusing on a long list of criteria such as human capital, institutions, technology and creative output as well as market and business sophistication, among others. Switzerland topped the rankings once more this year with a score of 66 out of 100, the 15th time it has been named the world leader in innovation. The United States comes third while Sweden is in second rank. China is now the world’s 10th most innovative nation, up from rank 11 in 2024, 14 in 2020…
by Anna Fleck, Data from UNESCO shows the number of Chinese students studying in the United States has dropped in recent years, with some students pivoting towards countries in Southeast Asia. At the same time, the number of Chinese students going to study in Russia has also grown. To an extent this data mirrors larger geopolitical shifts, such as cooling relations between Beijing and Washington, as well as warming ones between Russia and China. In terms of the latter, the trend of increasing international student mobility has continued into the academic year 2024/25, with 56,000 Chinese students enrolled at Russian universities and over 21,000…
by Katharina Buchholz, Numbers calculated by financial advisory Lazard as of June 2025 estimate price ranges for the generation of one MWh of energy by different sources. While the data shows that it is always cheapest to produce electricity from fully depreciated facilities, renewable energy can nevertheless compete in today’s market when it comes to prices even when disregarding federal subsidies. Gas, nuclear and coal energy generation cost between $30 and $75 per MWh from fully depreciated plants, but including the price of building facilities, this was more in the range of around $50 to $110 for combined-cycle gas, $70 to $170 for coal and $140…
by Anna Fleck, Teachers’ salaries vary significantly around the world. New data published in the OECD Education at a Glance report shows that salaries in Germany, Luxembourg and the Netherlands are at the higher end of the spectrum, with primary school teachers in public institutions earning on average over $90,000 per year. Poland is among the countries found towards the other end of the spectrum, with teachers earning around $55,407 per year. These calculations are based on the average actual salaries of 25 to 64 year old teachers in public schools and were converted to U.S. dollars using purchasing power parities for private…
Gold has always been more than just a glittering metal. For centuries, it has represented wealth, power, and security across civilizations. From being used as currency in ancient trade routes to serving as the backbone of modern financial reserves, gold continues to shine as one of the most influential and valuable commodities in the world. Historical Significance of Gold The history of gold is as old as human civilization itself. Ancient Egyptians revered it as the “metal of the gods,” while empires such as the Romans and Persians used it for coinage, jewelry, and trade. In South Asia, gold has…
Reko Diq, located in the Chagai district of Balochistan, is one of the world’s largest undeveloped reserves of copper and gold. Often described as a “treasure beneath the desert,” this mineral-rich deposit has the potential to reshape Pakistan’s economic future and strengthen its position in the global mining industry. Strategic Importance of Reko Diq Reko Diq lies in Pakistan’s resource-rich Balochistan province, bordering Afghanistan and Iran. The site covers an area of nearly 13,000 square kilometers and is believed to contain over 12 million tons of copper and 20 million ounces of gold. Such vast reserves make Reko Diq a…
Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, hosted a dinner in Islamabad in the honor of Board of Directors of Pak-Arab Refinery Limited (PARCO). The gathering reflected the government’s commitment to fostering collaboration with the energy sector and advancing Pakistan’s refining and petroleum industry. The event, held to welcome the foreign board members from Mubadla Energy, was attended by a gathering of high-profile dignitaries, including Federal Ministers, Members of Parliament, senior officials from the Petroleum Division, and other distinguished guests from the energy sector. Federal Minister Ali Pervaiz reiterated the government’s resolve to address challenges facing the petroleum sector,…
Google today announced the rollout of its Google AI Plus plan in Pakistan, its newest plan designed to empower people to do more with Google AI. This new plan opens up more access to powerful AI tools to help people level up their productivity and creativity – all at an accessible price. With the Google AI Plus plan, users in Pakistan can enjoy: Higher limits for image generation and editing (Nano Banana) in the Gemini app More access to Gemini 2.5 Pro, Google’s most capable AI model for complex queries Access to Veo 3 Fast, Google’s video generation model, in…
Wafi Energy, a Shell licensee in Pakistan, inaugurated the country’s second retail station constructed using recycled plastic, marking another milestone in its commitment to drive sustainable solutions in the country’s energy and retail sector. The new retail site, situated in Police Lines Rawalpindi, has been built using 7,700 kilograms of plastic waste, equivalent to more than 5.8 million pieces of end-of-life plastics, infused into construction materials. The first such retail station was launched in Karachi in collaboration with Wafi Tameer alumni startup, Concept Loop, using 6,500 kilograms of plastic waste, around 1.3 million pieces, to create durable pavers and concrete…
KPMG: trade strategies, regional coordination key to GCC’s economic resilience Gulf Cooperation Council nations should adopt trade policies aligned with their industrial development goals to reduce external vulnerabilities and strengthen their influence in global commerce, according to a new analysis. In its latest report, professional services firm KPMG said identifying supply chain risks, diversifying sources of critical inputs, and supporting outbound investment in upstream production are essential for regional economies to navigate an increasingly complex and fragmented global landscape. The report noted that GCC member states need to act with unity, integration, and ambition over the next few years by…
Reko Diq project cost increased to $7.7bn Pakistan on Thursday revised upward the cost of the first phase of the Reko Diq copper and gold mines project for the second time in six months. The cost has now jumped 79 percent to $7.7 billion from the initial estimate due to higher cost of loans being taken for the project and to offset any future price shocks. The Economic Coordination Committee (ECC) of the Cabinet approved the second revision in the total cost of the first phase of the project. Finance Minister Muhammad Aurangzeb chaired the meeting. The ECC also cleared…
Australia to Ban Under-16 Social Media Accounts by December: The Australian government has issued detailed guidance for technology companies ahead of a new law set to ban social media accounts for users under the age of 16. The law will take effect on December 10, and platforms must take steps to comply with the new age restrictions or face penalties.The eSafety Commission released documentation, including a self-assessment tool, to help companies determine whether their services fall under the scope of the law. Platforms used primarily for education, health, professional networking, or online gaming may be exempt. The Grit, The Throw,…