Pakistan News

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  • Mehbooba vows to shun Indian flag until J&K flag, special status are back

    KARACHI: In her first press conference after being released from detention of 14 months, the chief of Occupied Kashmir’s Peoples Democratic Party (PDP) Mehbooba Mufti said she would raise the Indian flag only when Jammu and Kashmir’s (J&K) flag, constitution and special status (under Article 370) were restored...

    She categorically said that she would hold the Indian flag in her hands only when the J&K flag was back, pointing to the...

  • Pakistan needs its ‘Sputnik’ moment and the model for that is not Dubai Inc.

    The technology sector is the brightest opportunity for Pakistan which is evident from the fact that over the past 12 months, Pakistani startups have raised more than $100 million in venture funding...

    7 million seed funding, total investment reaches $9mPakistan is second only to Saudi Arabia in terms of capital raised in the Menap (Middle East, North Africa and Pakistan) region...

  • Europe exit dulls Britain's appeal to Asia Inc

    HONG KONG: Britain no longer looks like a sunny safe haven for Asian corporations...

    Companies from Japan to India have historically been drawn to the United Kingdom (UK) for its stable market, its openness to foreign investment, and access to the European Union
  • NOTES FROM THE OVERGROUND: HARVEY WEINSTEINS, INC

    In an Oscar-worthy script, Pharoah Harvey Weinstein, a Hollywood deity famed for his ability to sniff out a brilliant script amidst the dross, has been toppled from his pedestal...

    Weinstein preyed on upcoming actresses and employees because he had the clout
  • Education Inc. — Fake it to make it?

    Recently, in Pakistan, a detailed report written by The New York Times Pakistan Bureau Chief Declan Walsh claimed how local IT company Axact allegedly earned millions of dollars from scams involving fake degrees, non-existent online universities and manipulation of customers...

    To understand the robust economy of the fake certificate, diploma and degree mills out in world — not just in Pakistan — one should take a trip back to 2005,...

  • Japan Inc — Spend, spend, spend

    The result has been a collective lunge by Japan Inc for businesses ranging from banks and niche cigarette brands to logistics companies and the Financial Times...

    But if Japan Inc has overpaid in the past 12 months the motivation for doing so seems clear: business survival...

  • Behind FT deal, a long history of money-losers for Japan Inc

    NEW YORK: Nikkei Inc’s purchase of Pearson’s FT Group raises once more the question of whether Japanese companies pay too much for overseas acquisitions...

    • Japanese brokerage No­­mura Holdings Inc acquired Lehman Brothers Holdings Inc’s European and Asian businesses in 2008, in the depth of the global financial crisis...

  • In China, Macron urges openness, pitches France Inc.

    BEIJING: President Emmanuel Macron offered on Tuesday to open up the French economy to Chinese investment in exchange for greater access to China’s booming markets, warning in talks in Beijing that existing trade imbalances would lead to protectionism...

    On the first state visit of his eight-month-old presidency, Macron is hoping greater openness from China, coupled with lobbying from the 50-strong business delegation travelling with...
  • China Inc tightens reins on debt, raises spectre of slowdown

    SHANGHAI: Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy...

    But this growing caution about taking on new debt, along with tighter profit margins and slowing revenue growth, could point to rising risks facing the world’s second largest economy...
  • Adani turmoil a key test for Modi’s India Inc

    Properly investigating the claims of fraud that triggered the sell-off in Adani’s companies will be a key test for “India Inc” as the country seeks to attract foreign investment and rival China economically in the 21st century, analysts say...

    “As of now, I wouldn’t paint India Inc with the same brush, because the report was basically on the Adani Group,” Baliga told AFP...

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