Business

The Board of Directors of Pakistan Revenue Automation Limited (PRAL) has approved the appointment of Faisal Sattar as the company’s new Chief Executive Officer. Sources informed that Faisal Sattar has been appointed as CEO PRAL for a period of three years on a lucrative compensation package. It is pertinent to mention that PRAL had engaged a headhunting firm to identify …

American men have lost their work ethic and increasingly feel entitled to a comfortable life without applying themselves, according to Wilbur Ross, who served throughout Donald Trump’s first term. Ross, the Wall Street investor once dubbed the “king of bankruptcy”, said younger generations have been “coddled” by growing up in a wealthy society, weakening the drive to work that underpinned …

A third of British businesses are planning to invest in artificial intelligence in 2026 as firms sharpen their focus on productivity, skills and technology in an increasingly competitive market. Research from Lloyds Bank shows that AI is becoming a central pillar of growth strategies, with companies looking to automate processes, improve efficiency and strengthen long-term competitiveness. The Lloyds Business Barometer, …

Small businesses across the UK have recovered £10 million in late and overdue payments with the help of the Office of the Small Business Commissioner, marking a major milestone in efforts to tackle damaging payment practices by larger organisations. Almost £1 million has been recovered so far in the current financial year alone, with more than £500,000 secured in December …

Pakistan is facing one of the most severe water and energy crises in its history. Rapid population growth, climate change, inefficient water management, and increasing demand for electricity have placed enormous pressure on the country’s natural resources. In this context, dams in Pakistan are not just infrastructure projects; they are critical national assets that play a vital role in water …

Zong, Pakistan’s leading information services and technology innovation company, in collaboration with Huawei, has successfully completed Pakistan’s first field test of a full-duplex E-band microwave link. This achievement represents a significant breakthrough in ultra-high-capacity backhaul technology for Pakistan. With rapidly growing data traffic driven by high-definition video streaming, augmented reality (AR), cloud services, and low-latency applications, traditional microwave backhaul solutions …

Britain’s electricity demand has risen for the second year in a row after two decades of decline, marking a decisive turning point as electric vehicles, heat pumps and AI data centres usher in a new era of electrification. Provisional figures for 2025 show electricity consumption rose by 3 per cent, the fastest annual increase since 2001, according to analysis by …

Over the past ten years, the New Year and Birthday Honours have increasingly reflected the changing shape of British business, from scale-up founders and fintech pioneers to industrial leaders and advocates for responsible capitalism. These figures stand out for their sustained economic impact rather than celebrity alone. Sir Richard Branson Founder, Virgin Group Already knighted, Branson has continued to receive …

The 2026 New Year Honours List has highlighted a broad cross-section of UK business leaders, rewarding contributions from high-growth sectors, corporate stewardship, entrepreneurship and efforts to widen business opportunity and investment. While the honours system casts a wide net across public service, arts, charity and science, several recipients stand out for their direct impact on the UK’s economy and business …

Octopus Energy Group is preparing to spin out its technology arm Kraken in a landmark deal that values the business at $8.65 billion, following a $1 billion standalone investment round. The funding, announced in London on 29 December, is led by D1 Capital Partners, with participation from major global investors including Fidelity International, Durable Capital Partners and the Ontario Teachers’ …