
Independence Day: IU holds job fair, other events
The ceremony at the EDC Campus was attended by students, alumni, faculty, and industry representatives. Chairman Naveed Hussain Lakhani said the university aims to support both cultural and professional growth. Vice Chancellor Dr. Nassar Ikram urged unity and collective action for national progress.
The job fair featured Junaid Naqi, President of the Korangi Association of Trade and Industry (KATI), and Dr. Mian Zahid Hussain, Chairman Policy Advisory Board at FPCCI & Carpe Diem Pakistan, as chief guests. Employers included Child Life Foundation, Imtiaz, The Citizen Foundation, Master Group of Companies, Saeed Ghani, and MATCO.
Copyright Business Recorder, 2025
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
2 hours ago
- Business Recorder
JI unveils 2-year progress report of nine towns
KARACHI: Jamaat-e-Islami (JI) Karachi on Saturday unveiled the two-year progress report of the nine towns under its administration at a ceremony at a local banquet. JI Karachi Chief, Monem Zafar Khan, opposition leader in the city council Saifuddin Advocate, Karachi Chamber of Commerce and Industry President Jawed Bilwani and nine chairmen shared their views on the occasion. The report highlighted the restoration of 171 parks, 25 playgrounds, 42 public sector schools, and seven dispensaries. It noted the installation of more than 100,000 street lights, the reconstruction of 9.3 million square feet of roads and streets, water supply to over 86,000 households, laying of 145,000 running feet of sewerage lines, and payment of over Rs780 million dues to current and retired employees. According to the report, 41 percent of the total available budget was spent on development. Copyright Business Recorder, 2025


Business Recorder
2 hours ago
- Business Recorder
Karachi's development Sindh govt's responsibility: federal minister
KARACHI: Federal Minister for Planning and Development Ahsan Iqbal said that the responsibility for Karachi's development lies with the Sindh government, not with the federal government. Speaking at the Federation House, Karachi, Federal Minister Ahsan Iqbal said that the 'Uraan Pakistan' programme had five major initiatives including exports enhancement, E-Pakistan digital transformation, equality and social development, environmental protection, food and water security, and energy and infrastructure development. Under 'Uraan Pakistan' programme, the government has set an ambitious export target of US$100 billion in the next 7-8 years, which the Minister believed would be achievable. Minister slams Centre for 'ignoring' development of Karachi While identifying eight exports potential sectors including agri, manufacturing, IT, services, mining, HR exports, creative industry and blue economy to achieve US$100 billion target, he announced to constitute eight working groups in collaboration with FPCCI members for the purpose. He said that federal government has decided to allocate Rs150 billion for K-IV project and construction work of Hyderabad- Sukkur motorway would be commenced in ongoing year. Minister Ahsan Iqbal provided a detailed account of Pakistan's recent economic journey, revealing that in April 2022, the Ministry of Finance had refused to pay quarterly external debt obligations, indicating Pakistan was internally defaulted. However, the country has achieved remarkable economic recovery with inflation dropping from 38 percent to 3 percent and interest rates falling from 22 percent to 11 percent in just two years. International credit rating agencies Moody's, S&P Global, and Fitch have upgraded Pakistan's credit rating, with international institutions calling Pakistan's economic recovery a 'miracle'. The federal minister emphasized Pakistan's untapped potential across various sectors, saying that despite being the world's 5th largest in dairy production, Pakistan lacks value addition and imports processed dairy products from Norway, Sweden, and Australia. He pointed out abundant granite resources in Chitral that remain unexploited and highlighted those coastal areas, particularly Gwadar, need seafood processing plants. The creative industry, worth over $2 trillion globally, presents significant opportunities for Pakistan, he added. Minister Ahsan Iqbal stressed that Pakistan's tax-to-GDP ratio of merely 10.5 percent is among the world's lowest, emphasizing the need for improvement to 15.5 percent to achieve sustainable development. Comparing Pakistan's stagnant export growth to regional competitors, he said that while Thailand, South Korea, and Vietnam have achieved hundreds of billions in exports from similar starting points in the 1960s, Pakistan remains at just $32 billion. President Atif Ikram Sheikh highlighted that Pakistan's credit rating has been upgraded by international agencies, noting that the government has set an export target of $60 billion by 2028 along with a sustainable GDP growth target of 6 percent by the same year. He said the government's annual private investment plan of $10 billion and pledged the business community's support in achieving the export target while calling for reduced interest rates and electricity prices to boost exports. Senior Vice President FPCCI Saqib Fayyaz Magoon highlighted the need to break free from IMF constraints to implement beneficial policies, revise trade agreements with China and African markets, establish free trade agreements for economic growth, and create export councils at the government level. State Minister for Religious and Minority Affairs Khalil Das Kohistani said that Pakistan's transformation from being on the brink of default in 2022 to now being on the path of progress. Copyright Business Recorder, 2025


Express Tribune
3 hours ago
- Express Tribune
Sugar sale halted over pricing standoff
An estimated 7080% of grocery shopkeepers in Rawalpindi district have suspended sugar sales, driving prices in the inner city to between Rs190 and Rs200 per kilogramme, and to Rs210 in outlying areas. Many shopkeepers, though holding stock, have now reserved sugar for long-standing customers, refusing to sell to unfamiliar buyers due to the threat of heavy fines, challans, and shop closures. The shortage has worsened further amid Independence Day celebrations and public holidays. Salim Pervaiz Butt, the president of the Grocery Merchants Association, says shopkeepers are prepared to sell sugar at Rs173 per kilogramme, provided the government, via the Deputy Commissioner (DC) and Price Control Magistrates, supplies it to them at a wholesale rate of Rs165 per kilogramme. "If shopkeepers in the open market are buying sugar at Rs176 per kilogramme, they cannot sell it at Rs173," he stated. "Our only remaining option is to stop selling sugar altogether. The government and the DC do not see it as their duty to supply sugar at the controlled rate. The administration insists that its sole directive is the official price of Rs173 per kilogramme, and that shopkeepers are free to buy sugar at any price and from any source. Yet, if they fail to sell at the official rate, their shops are sealed, heavy fines imposed, and legal cases registered."