Pakistan News

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  • Ford to tie up with India's Mahindra, eyes access to huge market

    Ford Motor and India's Mahindra Group have announced they will work together in a fresh partnership as the US giant looks to boost its presence in one of the world's fastest growing auto markets...

    Mahindra is the only Indian automaker that makes electric cars, and at a fraction of the cost of global brands such as Tesla and an agreement would give Ford access to the cheap technology...

  • Airbus and Mahindra to make military choppers in India

    NEW DELHI: European aerospace giant Airbus and India's Mahindra group have inked a deal to jointly build helicopters as the Indian government moves to upgrade the country's ageing military hardware, the companies said...

    India is in the midst of a vast defence modernisation programme worth some $100 billion, partly to keep up with rival neighbours Pakistan and China...

  • 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...

  • 'Imran promised Naya Pakistan but it turned out to be expensive Pakistan': Bilawal at PDM's Hyderabad rally

    PPP Chairperson Bilawal Bhutto-Zardari on Tuesday once again hit out at the government over inflation and allegedly usurping the rights of provinces, saying Prime Minister Imran Khan had promised a Naya Pakistan "but it turned out to be more expensive Pakistan"...

    He was speaking in Hyderabad where leaders of the 10-party opposition alliance, Pakistan Democratic Movement (PDM), had gathered for its latest power show against the...

  • Chinese tech giant Alibaba Group set to enter Pakistan; signs first MoU

    Pakistan on Tuesday signed a Memorandum of Understanding with Alibaba Group Holdings Limited to promote Pakistan's worldwide exports by Small and Medium Enterprises (SMEs) through e-commerce...

    "When Jack Ma shared with me his interest in establishing an e-platform in Pakistan, i instructed my office to facilitate Alibaba's initiative in every manner and in the shortest possilbe time frame," he the prime minister said, adding that the...

  • Pakistan needs latest farm-tech to achieve food security

    He said the fact should be an eye-opener that China produces two times more cotton and wheat per hectare and Egypt produces around three times more rice and sugarcane per hectare as compared to Pakistan...

    “The 21st century belongs to biotechnology and Pakistan has tremendous potential to emerge as biotechnology leader but to achieve the goal private sector, scientists, researchers and government will have to work hand-in-hand,” he...

  • Team Pakistan bags gold at regional tech awards

    COLOMBO: A team representing Pakistan at the Asia Pacific ICT Awards (APICTA) 2015 won three gold awards and one silver award at the ceremony held in Colombo, Sri Lanka, the Pakistan Software Houses Association for IT & ITES ([email protected]) announced on Saturday...

    The Sri Lankan Minister for Telecom and Digital Infrastructure was in attendance at the ceremony and the Pakistan High Commissioner Major General (retd) Syed Shakeel...

  • Google-supported Tech Mela to kick off in Pakistan tomorrow

    Google has announced its support for the largest online shopping festival in Pakistan, dubbed ‘Tech Mela’, the online shopping event will be the first of its kind in the country’s emerging e-commerce market...

    Tech Mela is slated to run for a duration of 10 days, starting on September 11 and will end on September 20...

  • Uber’s upstart rival in Pakistan uses rickshaws, low-tech phones

    LAHORE: As taxi hailing giant Uber enters Pakistan, a little-known local competitor is counting on a mix of new ideas and old technology to tap what could be a big chunk of the market: low-income residents who travel in rickshaws, not cabs...

    Pakistan has more than 130 million cellphone subscriptions, but only 21 per cent subscribe to data packages, and, while the proportion is rising, there are opportunities across emerging economies...

  • Is Pakistan the next big market for tech startups?

    Pakistan may be Asia's next big tech startup market, according to a report published by Germany's Deutsche Welle on Wednesday...

    According to DW, Pakistan's young population and increasing levels of local capital are creating opportunities for tech entrepreneurs to explore the country's market...

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