Tue, 21-Oct-2025

Pakistan considers introducing digital currency

Pakistan digital currency

Federal Finance Minister Muhammad Aurangzeb announced at a special session of the World Economic Forum (WEF) in Saudi Arabia that the government is considering the introduction of digital currency in Pakistan. This move aims to modernize the country’s financial infrastructure and address challenges related to financial inclusivity. Minister Aurangzeb highlighted Pakistan’s interest in embracing digital … Read more

Schwimmer Advocates Caution in AI Regulation

Schwimmer Advocates Caution in AI Regulation

Schwimmer urges caution in AI regulation for financial services. Emphasis on safeguards for data accuracy before imposing rules. Advocates collaborative partnerships for effective AI governance. Davos, Switzerland – In a panel discussion at the World Economic Forum, London Stock Exchange Group CEO David Schwimmer emphasized the need for regulatory caution when it comes to implementing … Read more

IMF Report Warns: AI Revolution Targets 40% of Global Jobs

IMF analysis signals AI’s impending influence on 40% of worldwide jobs. Inequality risks underscored, especially with potential disparities. Urgent call for policymakers to institute social safety nets. International Monetary Fund (IMF) has raised concerns about the impact of artificial intelligence (AI) on the global job market, stating that nearly 40% of all jobs worldwide are … Read more

Fears Russia is prepping fresh offensive, says Polish president

Russia

Andrzej Duda, worries that Russia is getting ready to launch a fresh onslaught soon. Volodymyr Zelenskyy says it is essential to give Ukraine further help. One of the most well-known deaths on the Ukrainian side since Russia entered. Andrzej Duda, the president of Poland, worries that Russia is getting ready to launch a fresh onslaught … Read more

Ukraine’s first lady Olena addressed the World Economic Forum to build support 

Ukraine

In a special speech delivered on Tuesday at the World Economic Forum’s 2023 Annual Meeting. Olena Zelenska urged world leaders and business executives to use their influence in support of Ukraine. Zelenska urged people around the world to first acknowledge the continued human suffering in Ukraine. “ In a special speech delivered on Tuesday at … Read more

Bilawal to attend World Economic Forum’s meeting in Davos

Bilawal

Foreign Minister Bilawal Bhutto Zardari will attend WEF meeting in Davod Minister of State for Foreign Affairs Hina Rabbani Khar will also attend He will participate in events on contemporary global and regional issues ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari will attend the annual meeting of the World Economic Forum beginning on Monday in the … Read more

Kyiv criticizes Henry Kissinger for urging peace talks with Russia

Kissinger

Kissinger doesn’t understand the war or its impact on the world order. Ukrainian President Volodymyr Zelenskyy denounced suggestions that Ukraine cede territory to Russia to secure peace. Kissinger backed the allied military effort to stop Russia’s aggression in Ukraine. The Ukrainian government called Henry Kissinger’s calls for a negotiated peace with Russia “appeasing the aggressor.” … Read more

Shah Rukh Khan unveils what he had learned from women in his life

Shah Rukh Khan

• Shah Rukh Khan is still regarded as the nation’s heartthrob. • Gauri Khan, an interior designer, is the actor’s wife. • He once said that the ladies in his life taught him to never pressurise them into saying yes. Shah Rukh talked up on all the things he’s seen in his female coworkers and … Read more

After Covid hiatus, Davos paints gloomy world picture

Covid

From the Ukraine conflict to warnings of climate cataclysm and soaring inflation, the world’s political and business elites tackled some gloomy matters in their first Davos summit in more than two years. Instead of the usual snowy winter wonderland of past gatherings, grey skies and rain added to the gloomy mood during the four-day forum … Read more

Kyiv slams NATO for ‘doing literally nothing’ to stop Russia

Kyiv

Ukraine’s top diplomat, Dmytro Kuleba, accused NATO on Wednesday of “doing literally nothing” in the face of Russia’s invasion while praising the EU for its “revolutionary” decisions to support Kyiv. “NATO as an alliance, as an institution, has been completely sidelined and is doing nothing. I’m sorry to say this, but “Kuleba stated this at … Read more

Ukraine FM calls on West to ‘kill Russian exports’ at Davos

Ukraine

Dmytro Kuleba, Ukraine’s foreign minister, called on the West on Wednesday to “kill Russian exports” as retaliation for Moscow’s invasion of his country, urging the international community not to fund the Kremlin’s “war machine.” “My message is very simple. Kill Russian exports,” Kuleba said at the World Economic Forum in Davos. “Stop buying from Russia. Stop allowing … Read more

Economist warns eurozone may need new feats of improvisation

Economist

As the economic shockwaves from Russia’s attack on Ukraine continue to roll, high-profile economist Adam Tooze told AFP on Wednesday that imaginative new measures may be required to stabilize the eurozone. “There is a huge downside potential from Russia’s war in Ukraine, really dramatic, we have not seen the bottom on that yet,” Tooze said … Read more

Ukraine needs MLRS ASAP

According to Ukraine’s foreign minister, the needs of country may be summed up in two abbreviations: MLRS and ASAP. Dmytro Kuleba claims that his country urgently requires multiple launch rocket systems since the situation in the eastern Donbas region is “very severe.” Mr. Kuleba said he had roughly ten bilateral discussions with other presidents whose … Read more

Switzerland unveils July reconstruction conference for Ukraine

Switzerland

President Ignazio Cassis told the World Economic Forum in Davos on Tuesday that Switzerland has invited leaders from dozens of countries and international organizations to a summit in July on rebuilding Ukraine. “The meeting will be on reforms that may still be implemented in the current scenario,” Cassis told reporters, referring to the ongoing fight … Read more

Finland ,Sweden will send delegations to Turkey

turkey

Finland and Sweden will send teams to Ankara on Wednesday to try to overcome Turkey resistance to their NATO membership bids, according to Pekka Haavisto, Finland’s foreign minister. “We are sending our delegations to visit Ankara, actually both Sweden and Finland. This will happen tomorrow, so the dialogue is continuing,” during a panel discussion at … Read more

 Zelenskyy calls ‘maximum’ sanctions on Russia in Davos talk

zelenskyy

Ukrainian President Volodymyr Zelensky used the Davos conference on Monday to call for additional weaponry and “maximum” sanctions against Russia. Zelensky told the World Economic Forum via videolink that if Kyiv had gotten “100% of our needs at once back in February” when Russia attacked Ukraine, tens of thousands of lives would have been saved. … Read more

IMF warns global economic dissolution amid Ukraine war

ukraine

Russia’s invasion of Ukraine, the International Monetary Fund (IMF) has warned against global economic dissolution, saying that erasing decades of integration will make the world poorer and more dangerous. After more than 30 nations limited trade in food, energy, and other critical commodities, IMF Managing Director Kristalina Georgieva urged that governments should decrease trade barriers … Read more

Japan beef bowl company fires director 

Yoshinoya

Tokyo: Yoshinoya Holdings Co Ltd fired a managing director on Tuesday for making disparaging remarks about getting naive young women “hooked” on the company’s products, saying his conduct was “completely unacceptable.” Masaaki Ito, the company’s managing director, made the remarks at a marketing lecture at Tokyo’s Waseda University over the weekend. He couldn’t confirm Ito’s … Read more

Young people in UK spurred into sewing

lea baecker

LONDON: From jogging outfits to summer dresses, Lea Baecker has stitched together most of her wardrobe herself from inside her London flat, part of a burgeoning number of young amateur seamstresses. Like many others in the growing horde of sew-it-yourself enthusiasts, she has grown increasingly disillusioned with the retail clothing industry, viewing it as too … Read more

World’s 10 richest men doubled wealth during Covid: report

world richest men

PARIS: The world’s 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said. Oxfam said the men’s wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per day, in a briefing published before a virtual mini-summit … Read more

Portuguese lithium, fuel of Europe’s electric vehicle revolution

Portugal

Portugal next year could approve lithium mining that will reduce Europe’s dependence on outside sources for a key ingredient in the frenetic global race to decarbonise the auto industry. The southern European nation is thought to have the continent’s largest lithium reserves. Alongside nickel and cobalt, lithium has become a prized raw material as it … Read more

Postponed WEF to remain in Davos: chief

GENEVA – The postponed World Economic Forum 2022 will gather the global political and business elite this summer in its traditional home of Davos in Switzerland, its chief said Wednesday. Klaus Schwab’s comments to Swiss daily Blick came after the annual meeting was postponed from January to “early summer” on Monday, over uncertainty linked to the new … Read more

Saudi Arabia to cooperate with China on hydrogen energy

Saudi Arabia

RIYADH: The Saudi cabinet has delegated the kingdom’s energy minister to discuss and sign a potential memorandum of understanding in the field of hydrogen energy with China, Saudi Press Agency reported, citing the cabinet’s weekly statement. The cabinet has also authorised the minister of health to discuss and sign a draft agreement with the World … Read more

WEF leader urges countries to pay attention to digital currency

WEF

DUBAI: Digital currency is going to play a big role in the global economy, a World Economic Forum (WEF) committee leader said, and nations need to pay attention to its unprecedented progress. “Somebody needs to be paying close attention to this space, and assessing on a weekly basis, what the national policy ought to be … Read more

Effective anti-corruption strategy starts yielding results: NAB chairman

Effective anti-corruption strategy

ISLAMABAD: National Accountability Bureau (NAB) Chairman former Justice Javed Iqbal said that after assuming the charge of the coveted post, an effective anti-corruption strategy comprising awareness, prevention and enforcement was chalked out to revamp the anti-graft watchdog. Chairing a meeting to review the overall performance of NAB at its headquarters, he said the National Accountability … Read more

“PTI’s environment policies are being recognised,” Imran Khan

Prime Minister

Prime Minister Imran Khan on Sunday said that the environmental policies of the Pakistan Tehreek e Insaf (PTI) government are being recognized globally. According to the details, the World Economic Forum (WEF) appreciated Pakistan’s environmental policies, climate action plan, and response to the ongoing coronavirus pandemic in a video released on Sunday. Prime Minister Imran … Read more

World Economic Forum, Extreme Commerce Pen Agreement To Provide Digital Skills Training

World Economic Forum, Extreme Commerce Pen Agreement To Provide Digital Skills Training

The World Economic Forum (WEF) has agreed to provide technology training to Pakistanis and prepare them for future jobs, including e-commerce. According to a statement issued by Mishal Pakistan, the World Economic Forum has reached an agreement with Extreme Commerce, a Pakistani e-commerce training institute, to train the Pakistani people in technology and prepare them … Read more

WEF’s Strategy Dialogue: ‘We saved country’s economy during virus crisis’, PM

PM Congratulates Exporters On Leaving Behind India, Bangladesh In Exports

Prime Minister (PM) Imran Khan addresses that Country Strategy Dialogue (CSD) on Pakistan, organized by the World Economic Forum (WEF) in recognition of the country’s commendable resilience to the myriad of challenges.

While speaking to the forum, PM Imran said the country had opened the construction sector and as the work was done in the open air so the virus couldn’t spread.

Detailing about the Ehsaas Programme, the premier said that 15 million families were given cash handouts and it really saved Pakistan from the worst effects of lockdowns.

“Because the people were with us, they complied with our measures we came out of it better than any other country,” the premier said.

He further added that we saved our economy and we save people from dying from the virus.

The Prime Minister went on to add that he was “worried” as the second wave had it the country. “We don’t know how long will this wave last.”

“In our country with high levels of poverty, we cannot afford to [impose] a lockdown where we [close] our businesses and factories,” he said.

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