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Business Recorder
17 hours ago
- Business
- Business Recorder
Balancing the books and the battlefield: Pakistan's fiscal strategy for FY2025–26—IV
One of the most discussed aspects of the budget is the significant boost in defense allocations. However, rather than being viewed as a diversion of resources, this increase is widely regarded as a justified tribute to the Pakistan Army's recent military triumph over India. The swift, strategic, and professional conduct of Pakistan's armed forces in that conflict was instrumental in preserving regional equilibrium and asserting Pakistan's deterrence capabilities. Balancing the books and the battlefield: Pakistan's fiscal strategy for FY2025–26—III Yet, fiscal execution remains a critical challenge. The success of the PSDP, tax administration reforms, and development programs depends on institutional coordination, transparency, and political continuity. Past delays in disbursements and bureaucratic inefficiencies have often undermined well-conceived plans. Pakistan's external vulnerabilities — such as oil price shocks, currency volatility, and declining global demand—also pose considerable risks. Furthermore, the ambitious remittance and export targets hinge on stable labor markets abroad and sustained global economic recovery. Balancing the books and the battlefield: Pakistan's fiscal strategy for FY2025-26 – II Pakistan's FY 2025–26 federal budget reflects a nuanced approach to governance — balancing fiscal consolidation with strategic investment, rewarding national achievements while laying the groundwork for sustainable growth. Defense, infrastructure, agriculture, IT, and SMEs receive focused attention, while structural reforms target long-standing inefficiencies in taxation and public finance. Balancing the books and the battlefield: Pakistan's fiscal strategy for FY2025–26—I More than just numbers, this budget encapsulates a national mindset that prizes resilience, discipline, and vision. If implemented with resolve and integrity, it holds the promise to be a turning point for Pakistan's economic journey — a transition from crisis management to long-term planning. (Concluded) Muhammad Sheroz Khan Lodhi (Karachi) Copyright Business Recorder, 2025
Business Recorder
19 hours ago
- Politics
- Business Recorder
Report on Swat tragedy sent to PHC
PESHAWAR: A comprehensive 384-page inquiry report regarding the Swat tragedy and river safety measures was submitted to the Peshawar High Court during the hearing on the matter. The report outlined pre and post-flood preparedness, government response following the incident, and details of suspended officials involved. It revealed that statements from 10 officers and responsible individuals were recorded by the inquiry committee. According to the report, three days after the tragic incident, the chief minister directed an operation against encroachments in the affected areas. Copyright Business Recorder, 2025
Business Recorder
19 hours ago
- Business
- Business Recorder
Yango Tech announces partnership with DealCart
KARACHI: Yango Tech has announced strategic partnership with DealCart, fastest-growing grocery delivery platforms, for products accessibility within the Yango Shops section in the super-app. This is the part of the efforts to expand the Yango Pakistan serviced in the country by introducing new AI-powered technology for businesses. As part of this evolution, Yango Tech is now fully available in Pakistan, offering businesses smarter ways to grow, operate, and connect with their customers. Through this strategic partnership, DealCart's products are now accessible within the Yango Shops section in the super-app, allowing customers in Karachi to seamlessly order groceries and essential products with in-slot delivery. Miral Sharif, Country Head, Yango Pakistan has said that Yango Tech expansion into the Pakistani market through this partnership with DealCart marks an exciting step in the company's journey to support local innovation through global technology Yango Tech offers a comprehensive suite of AI-powered B2B solutions for industries like mobility, logistics, retail, and customer operations. By consolidating technologies into one platform, it helps businesses streamline operations, cut costs, and enhance user experiences. By launching a B2B ecosystem of AI solutions for businesses, Yango Tech continues to grow its diverse service portfolio across Asia. The B2B ecosystem is focused on fostering strong partnerships with Pakistani businesses delivering cutting-edge technological solutions and enabling digital transformation for emerging markets. Copyright Business Recorder, 2025
Business Recorder
19 hours ago
- Politics
- Business Recorder
IK's pre-arrest bail plea: Court doesn't hear arguments
ISLAMABAD: A local court on Wednesday did not hear arguments on Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan's pre-arrest bail petition in six separate cases due to his non-appearance before it. District and Sessions Judge Muhammad Afzal Majoka, while hearing bail applications in six cases against Khan, adjourned the case without proceedings till September 19. The court during the previous hearing had issued orders to produce Khan via video link before it, in six cases registered against him at Tarnol, Kohsar, Karachi Company, Ramna, and Secretariat police stations. The court has also not announced its reserved judgment over Khan's wife Bushra Bibi's pre-arrest bail plea in a case registered against her and others at Kohsar police station for allegedly submitting fake receipts for buying and selling items obtained from Tosha khana. PTI lawyer Khalid Yousaf Chaudhry appeared on behalf of the PTI founding chairman. Kohsar police station registered a first information report (FIR) against Bushra Bibi, and PTI leader Zulfi Bukhari under various sections of the Pakistan Penal Code (PPC) including Section 420, for allegedly presenting fake receipts for buying and selling items obtained from the state's gift repository known as Tosha khana. Copyright Business Recorder, 2025
Business Recorder
20 hours ago
- Business
- Business Recorder
Zong launches ‘Z SAIS Cloud' in Karachi
KARACHI: Zong has launched 'Z SAIS Cloud', a locally-hosted, business-ready, enterprise-grade platform designed to accelerate Pakistan's transition to a truly digital economy in Karachi, bringing together over 150 industry leaders, senior executives, and technology professionals. The event organized on Monday night highlighted how locally hosted cloud infrastructure can accelerate business transformation, strengthen digital sovereignty, and drive Pakistan's emergence as a cloud-first economy. A standout moment of the event was the signing of nine new strategic partnerships with leading enterprises including Yango, Keenu, AGP Limited, and Kababjees, a clear testament to the trust Z SAIS Cloud is building across industries. The event also featured keynote speeches from prominent thought leaders, including Nadeem Hussain, one of Asia's most respected social impact entrepreneurs, and Humayun Bashir country advisor, a seasoned corporate leader and strategist with over 40 years of experience, currently serving as and Country Advisor for Dun & Bradstreet, both of whom emphasized the critical role of locally-hosted cloud infrastructure in driving sustainable digital transformation within Pakistan. A live demonstration brought platform's features to life, highlighting its one-window service activation, low-latency performance, and robust security framework. Attendees were also given an exclusive virtual tour of Zong's state-of-the-art data center, reinforcing the reliability and scalability of its cloud infrastructure. Speaking at the occasion, Farooq Raza Khan, Head of Business Solutions at Zong, said that this is a pivotal milestone in Pakistan's digital evolution. As the country embraces cloud-first strategies, Z SAIS Cloud offers the secure, scalable, and future-ready infrastructure needed to power this transformation. 'By equipping businesses with the tools to compete globally and deliver smarter services locally, Zong is proud to play its part as a promoter of Digital Pakistan', he added. Copyright Business Recorder, 2025
