Business & Commerce

Business & Commerce Technology
With AI Summit 2019, 10Pearls Celebrates the Progress of AI in Pakistan
AI Summit 2019, an initiative of 10Pearls, aims to celebrate the progress of AI in Pakistan. The Summit’s inaugural ceremony was held at 10Pearls Karachi, and was attended by leading tech enterprises, start-ups and students. 10Pearls, an end-to-end digital services company, launched AI Summit 2019, a pioneering conference and expo to facilitate the growth of AI in Pakistan. The inaugural ceremony of which was held on August 24, 2019 at…
Business & Commerce
UAE to invest $5bn in oil refinery project in Pakistan this year
The United Arab Emirates (UAE) announced on Friday its decision to invest $5 billion in an oil refinery project in Pakistan by the end of 2019. In an interview to Arab News, UAE Ambassador to Pakistan Hamad Obaid Ibrahim Salem Al-Zaabi said that soon they are going to launch one of the biggest investments in a refinery project in Hub, Balochistan. “It is going to be a $5 billion investment between Mubadala Petroleum…
Business & Commerce Social & Political
Youth, women spur social business growth in Pakistan: global poll
From turning organic waste into fertiliser to sharing farm equipment, new businesses seeking to address social problems in Pakistan have made the South Asian nation one of the best performers in the second global poll on social entrepreneurs. As the government struggles to find solutions for a nation affected by poverty, water scarcity, climate change and lack of sanitation, social startups are emerging to fill the gaps. Pakistan was one of the…
Business & Commerce Technology
Bykea gets $5.7m worth of investment
KARACHI: Bykea, the ride-hailing app developed completely in Pakistan, has completed its first round of investment and bagged $5.7 million. Venture capital fund Sarmayacar and institutional investors from Vietnam, Singapore and the Middle East invested in the local transport platform, said Bykea Founder and CEO Muneeb Maayr at a press conference at the National Incubation Centre (NIC) Karachi on Tuesday. He informed the media that Pakistan had 17 million bikes on…
pakistan among tourist favorites
Business & Commerce History & Culture
Pakistan Among Tourists’ Hot Favorites for the Year 2019
Recently, Forbes magazine published its annual list of ‘The 10 Coolest Places to Go in 2019’, and included Pakistan among tourists favorite. This comes as breath of fresh air for the country which had been deprived of foreign visitors for more than a decade. With an ever improving security situation in Pakistan the tourism industry has been budding again for past few years now and Forbes including Pakistan in their…
hayat kimya
Business & Commerce
Hayat Kimya to invests $330 Million in Pakistan
Hayat Kimya is a world renowned FMCG company and is worlds 5th largest branded baby diapers and tissue manufacturer in Eastern Europe, Africa and Middle East. The company has planned to make 9th largest investment in Pakistan by planning to spend $330 million initially to kick start the project for which a 100-acre land has been acquired to install an ultra-modern manufacturing plant. Hayat Kimya has started to work at…
Business & Commerce
JW Forland Inaugurates $150 Million Project in Islamabad
The Chinese automaker JW Forland recently inaugurated its $150 million assembly plant in Islamabad. Attending the launch ceremony, Prime minister Imran Khan welcomed the initiative and indicated growth of the job market in Pakistan. The premier touted the government’s efforts in bringing beck foreign investments, saying “We didn’t have enough dollars before but we are working on bringing more dollars into the economy”. “PTI government is facilitating the foreign investors…
Business & Commerce
Pakistan to become a hub for investment by Spanish superstore ‘Condis’
KARACHI: ‘ Condis ’, an established Spanish superstore plans on investing up to $1 billion in Pakistan. Veteran journalist Azfar Bukhari played host to Condis Supermarket’s six-member delegation. The delegation was in Pakistan for 4 days and visited Multan, Rawalpindi, Jhelum and Islamabad. The purpose of the visit was for them to explore the possibility of launching in Pakistan.    The delegation was headed by the Director Expansion Mr. Jose…