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  • 10 banks sign pact to create Pakistan Corporate Restructuring Company Ltd

    KARACHI: The country’s 10 banks signed an agreement on Friday to establish Pakistan Corporate Restructuring Company Ltd (PCRCL)...

    The shareholder agreement was signed by presidents and representatives from Habib Bank, National Bank of Pakistan, United Bank, MCB Bank, Allied Bank, Meezan Bank, Bank Alfalah, Bank Al-Habib, Habib Metropolitan Bank and Faysal Bank at the State Bank of Pakistan (SBP) headquarters...

  • Dutch company to acquire Engro Foods Ltd

    FrieslandCampina International Holding BV intends to acquire a 51 per cent stake of Engro Foods Limited, one of the largest listed companies at the Pakistan Stock Exchange (PSX), a notification on the bourse's website said Thursday...

    Citibank Pakistan is the financial advisor...

  • AGP Ltd raises Rs2.8 billion

    KARACHI: AGP Ltd, a pharmaceutical company in the fold of OBS Group, has raised Rs2...

    At the gong-ringing ceremony at the PSX on Monday that signalled the start of trading of company’s stock, AGP Ltd share price quickly hit the upper circuit of 5 per cent to take the stock price to Rs84, from the offered price of Rs80 a share...

  • Creating the right kind of jobs should be the priority for Pakistan

    In an evolving world of work— the rapid creation and destruction of jobs— the issue of unemployment has acquired centrality in the development process and has led to the question of whether jobs, or workers, should be protected?Looking from an egalitarian perspective, the welfare of millions revolves around four things: full employment (including self-employment), fair wages, reasonable prices and an accelerated programme for community...

  • Pakistan needs to create more jobs: WB

    ISLAMABAD: The country’s economy needs to create more jobs by taking advantage of the large influx of a well-educated young labour force, says a new research by the World Bank...

    One of the key findings is that there are insufficient jobs where bachelor and graduate degree holders are expected to use their acquired skills...

  • Pakistan's younger women riding a digital wave in drive for better jobs

    When Kainat Naz joined a women-friendly technology boot camp a year ago, she had no idea it would completely change her life and her views on how women can work in conservative Pakistan...

    So she signed up for a tech programme called TechKaro, an initiative by Circle — a social enterprise that aims to improve women’s economic rights in Pakistan — and is now working full-time for a software company...

  • Zimbabwe trade union marches to demand jobs

    HARARE: Around 200 hundred people from Zimbabwe’s main trade union on Saturday marched to government offices in Harare to demand that President Robert Mugabe fix the ailing economy and fulfil an election promise to create over 2 million jobs...

    Addressing the workers, ZCTU leader George Nkiwane said Mugabe’s ZANU-PF government must fulfil its election promise to create over 2m jobs because “we haven’t seen any single job that has been...

  • Forget merit, PML-N lawmakers to ‘oblige’ voters with jobs

    GUJRAT: PML-N lawmakers from Gujrat are being given a special quota in the hundreds of Grade 4 jobs in different departments of the district government allegedly at the behest of the provincial government...

    Official sources told Dawn that around 2,000 jobs Grade 1 to 4, which had already been advertised by health, education, agriculture and livestock departments, Tehsil Municipal Administration and the district council, would be...

  • China steel capacity reduction to cut 0.4m jobs

    MANILA: China’s plan to cut its steel production capacity by 100-150 million tonnes will lead to the loss of up to 400,000 jobs, the official Xin­hua news agency reported...

    China will raise funds to help workers should they lose their jobs when coal and steel firms close amid campaigns to cut overcapacity, according to Xinhua...

  • Auto vendors create 150,000 jobs this year

    KARACHI: Around 125,000-150,000 new jobs (direct and indirect) were created by 1,600 auto vending units during the last one year after opening of jobs at local auto assembling plants of cars, light and heavy commercial vehicles and two wheelers...

    Vice Chairman, Pakistan Association of Automobile Parts and Accessories Manufacturers (PAAPAM), Mehmood Alam Sherani, said for each job created at the vehicle assembling units, around 80 to...

  • Jobs and ‘jihad’

    This fact, highlighted in the few reports filed from Pakistan but largely pushed to the sidelines in American discourse, may in fact present the most crucial clues regarding global labour movements, the import of societal conservatism, and its consequent escalation into a murderous rage pinned to misguided zealotry...

    The trickle-down effect was and continues to be crucial to Pakistan’s labour export market, bringing in several...

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