Pakistan has gained access to the Russian seafood market after Moscow approved 16 local processing plants, opening up a new export avenue estimated to generate up to $300 million in initial earnings and significantly boost the country’s fisheries sector. The development, announced by the Ministry of Maritime Affairs, marks Pakistan’s first entry into Russia’s multi-billion-dollar […]
Air New Zealand Unveils First-Ever Economy Bunk Beds for Long Flights
Air New Zealand is preparing to introduce a groundbreaking in-flight concept that could redefine long-haul travel, offering economy passengers access to lie-flat bunk beds for the first time. The airline’s new “Skynest” product will debut on its Boeing 787-9 Dreamliners, initially operating on ultra-long-haul routes such as Auckland to New York, one of the longest […]
Islamabad to Host First-Ever EU-Pakistan Business Forum in Major Investment Push
Islamabad is set to host the first-ever high-level European Union–Pakistan Business Forum later this month, bringing together policymakers, investors and business leaders from both sides in a major push to deepen economic cooperation and unlock new investment opportunities. The two-day forum, scheduled for April 28 and 29 in Islamabad, is being organised with the support […]
France Unveils $10.7 Billion Plan to Ditch Fossil Fuels
France is moving away from short-term fuel subsidies and toward a large-scale electrification strategy worth approximately $10.7 billion annually, as it seeks to reduce reliance on imported oil and gas amid global energy shocks. The plan, announced by Prime Minister Sébastien Lecornu, marks a shift in policy from shielding consumers through fuel relief to accelerating […]
Disney Cuts 1,000 Jobs and the Reason Could Surprise You
The The Walt Disney Company has begun a new round of layoffs expected to eliminate around 1,000 jobs across multiple divisions, marking the first major restructuring under its new chief executive Josh D’Amaro. The layoffs started this week and will impact employees across the company’s traditional television businesses, including ESPN, as well as its film […]
$3bn deposit, $5bn extension: Saudi Arabia boosts Pakistan economy
Saudi Arabia has pledged an additional $3 billion in financial support for Pakistan and extended an existing $5 billion deposit facility through 2028, providing a significant boost to the country’s external financing position at a critical time. Finance Minister Muhammad Aurangzeb announced the development during a media briefing in Washington on the sidelines of the […]
SECP Clears Alibaba-Backed Firm to Launch Credit Service in Pakistan
China’s Alibaba Group has formally entered Pakistan’s financial services market through a local unit that will offer “buy now, pay later” services, marking a significant expansion into the country’s growing digital economy. The move follows regulatory approval by the Securities and Exchange Commission of Pakistan, which granted a non-banking finance company license to Coco Tech […]
Jet Fuel Crisis Explained: What It Means for Travelers
A tightening global supply of jet fuel is emerging as a major driver behind rising airfares, as airlines grapple with higher operating costs, disrupted supply chains and surging travel demand. Industry analysts say the impact of jet fuel shortages is often invisible to passengers until ticket prices rise sharply, but the underlying causes are complex […]
Chinese Firm Announces $120m Investment in Pakistan’s Tyre Industry
A China-backed joint venture has announced plans to invest $120 million to expand its tyre manufacturing operations in Pakistan, signaling renewed foreign investor confidence in the country’s industrial sector amid improving economic indicators. The announcement was made by Jin Yongsheng, chairman of Service Long March Tyres (Private) Limited, during meetings with senior Pakistani officials, including […]
Gold Market Sees Sudden Dip as Prices Drop by Rs2,700 Per Tola in Pakistan
Gold prices in Pakistan witnessed a sharp decline, falling by Rs2,700 per tola, in line with a downward trend in international markets, offering temporary relief to buyers after weeks of volatility. The latest drop reflects global price corrections and shifting investor sentiment, with local rates adjusting quickly to changes in international bullion markets. Prices fall […]