Karachi: The Sustainable Tourism Forum & Expo (STF) 2026, organized by the Islamic Chamber of Commerce and Development (ICCD), concluded successfully in Karachi, marking a major step forward in promoting multilateral tourism cooperation among member states of the Organisation of Islamic Cooperation (OIC). Held under the theme “Transforming Tourism for Community Development,” the high-level forum brought together ministers, senior policymakers, investors, tourism leaders, and industry experts from across the OIC region and beyond. The discussions focused on sustainable tourism development, investment opportunities, climate responsibility, and community-driven economic growth. The forum…
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Strategic Direction of the Economy Discussed FPCCI Welcomes Appointment of Asif Inam as Chairman SSGC Atif Ikram Sheikh, President FPCCI
Karachi: Atif Ikram Sheikh, President has welcomed the appointment of Asif Inam, VP FPCCI, as the Chairman Sui Southern Gas Company Limited. The appointment of Asif Inam as Chairman of SSGC Board brings a critical consumer-centric perspective to the utility’s governance; bridging the long-standing gap between energy providers and the industrial base they serve. Atif Ikram Sheikh added that as a seasoned industrialist and current Vice President of FPCCI, Inam possesses deep, first-hand expertise in the energy challenges crippling Pakistan’s export sectors. His leadership profile is unique; he combines the…
Read MorePakistan Airports Authority Begins Phased Introduction of Electric Vehicles at Airports
Karachi: The Pakistan Airports Authority (PAA) has launched a phased induction of Electric Vehicles (EVs) across its airports as part of a broader strategy to promote environmental sustainability and modernize airport operations. In the initial phase, EVs are being deployed for selected airside operations, marking the start of a gradual shift away from conventional Internal Combustion Engine (ICE) vehicles. This step-by-step approach is designed to reduce carbon emissions, lower operational costs, and enhance efficiency, while maintaining operational continuity and safety. The initiative underscores PAA’s commitment to adopting environmentally responsible technologies…
Read MoreSoaring Utility Bills Push Pakistani Families to Cut Food Spending, Gallup Finds
ISLAMABAD: Rapidly rising electricity and gas bills have become the single biggest strain on Pakistani household budgets, forcing families to reduce spending on food to cope with escalating utility costs, according to a new analysis by Gallup Pakistan. The report, titled “Are Pakistanis Eating Less to Afford Electricity and Gas?”, was released on Tuesday and draws on a 20-year comparison of household consumption patterns using data from the government’s Household Integrated Economic Survey (HIES). The findings point to a major structural shift in household spending. Between 2005 and 2025, the…
Read MoreGulf Investors File $2bn Arbitration Case Against Pakistan Over K-Electric Dispute
ISLAMABAD: Saudi and Kuwaiti investors in K-Electric have launched a USD 2 billion international arbitration case against Pakistan, sharply escalating a long-running dispute involving regulatory intervention, unpaid government dues and the prolonged blockage of a USD 1.77 billion sale of the country’s largest private power utility. The arbitration was initiated on January 16, 2026, when London-based law firms Steptoe International (UK) LLP and Omnia Strategy LLP, acting on behalf of the investors, submitted a Notice of Arbitration under the OIC Investment Agreement and the UNCITRAL Arbitration Rules, formally naming the…
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