By Rafiq Vayani DUBAI: UAE based fintech company VaultsPay has entered into a strategic collaboration with Mastercard. The two organizations formalized their agreement marking a milestone intended to enhance digital payment capabilities and support financial inclusion across the UAE. Through this collaboration, VaultsPay will leverage Mastercard’s global network and technology to issue virtual and physical payment cards, further expanding its comprehensive portfolio …

ISLAMABAD: Ericsson has underscored the transformative role of advanced connectivity, artificial intelligence (AI), and 5G in accelerating Pakistan’s digital economy at the inaugural EU–Pakistan Business Forum 2026. The two-day forum, held in Islamabad, brought together senior government officials, global technology leaders, investors, and industry stakeholders to explore avenues for investment, innovation, and deeper economic cooperation between Pakistan and the European …

News Desk MUSCAT: SalamAir, Oman’s Low-Cost Carrier, has announced the opening of sales for its newest route to Kigali, Rwanda, further expanding its growing presence across the African market. Flights are set to commence on 21st July 2026, subject to regulatory approvals, with the airline operating two weekly flights between Muscat and Kigali on Tuesday and Thursday, offering passengers convenient and affordable travel options. One-way Lite fares on the …

News Desk KARACHI: Mehmood Arshad has been appointed as the Chairman of the Economic Council by the Employers’ Federation of Pakistan (EFP). This decision was made by the Board of Directors during their recent meeting, which was held by the newly elected Board. Mr. Arshad is already a member of the EFP Board and has a wide range of experience …

By Rafiq Vayani KARACHI: Mr. Zahid Hameed, Senior Vice President, Korangi Association of Trade and Industry (KATI) attended an interaction with Brigadier Salman Khalique Qureshi, Deputy Director General, Airport Security Force, along with Mr. Hamid Zahur, Chairman PTA, Central and Dr. Danish Aman, Chairman PTA, Southern Zone) as well as other distinguished members of the business community. The meeting proved …

By Rafiq Vayani KARACHI: The Uzbekistan & C.I.S. Trade Center (UCTC) hosted a distinguished dinner reception in honour of H.E. Mr. Zoir Toirovich Mirzaev, Governor of the Navoiy Region, who is currently leading a high-level delegation on an official visit to Karachi. The reception was organized by Mr. Sohail Moten, Chairman of UCTC, on April 30, 2026, at the House …

KARACHI: On behalf of the Arif Habib Consortium, Arif Habib Corporation Limited (AHCL)is pleased to announce that a Special Purpose Vehicle, namely PIA Equity Limited (PIAEL), has added Fauji Fertilizer Company Limited (FFCL) as one of its shareholders. PIA Equity Limited shall own 100 percent of Pakistan International Airlines. PIA Equity Limited’s shareholding now comprises Arif Habib Corporation Limited, Fatima …

By Rafiq Vayani RIYADH: ALUMINIUM Arabia has announced the participation of the Ministry of Industry and Mineral Resources as a Strategic Partner for its upcoming edition, reinforcing the Kingdom’s commitment to advancing its aluminium and mining sectors in line with Vision 2030. The partnership underscores the Ministry’s role in driving industrial diversification, strengthening value chains, and positioning Saudi Arabia as …

News Desk DUBAI: Evolving operating conditions across the Middle East are adding complexity to global supply chains, increasing the need for agility and preparedness across the logistics sector. As global and regional dynamics shift, key trade lanes are experiencing tighter capacity. Recent data shows that air cargo capacity from the Middle East and South Asia remains around 20% below year-ago …

News Desk KARACHI: The Government of Pakistan on Wednesday raised Rs114.347 billion through the third auction of its Hybrid Sukuk, marking the second such issuance in the current month, amid strong investor demand for Shariah-compliant instruments. Meezan Bank Limited acted as the Lead Joint Financial Advisor (JFA) for the transaction, playing a key role in structuring and executing the issuance. …