Food Wasted in Saudi Arabia (SR49Bn) Exceeds VAT Proceeds It Estimates to Collect This Year

JUN 11, 2018 — The Saudi Kingdom has launched a national program to crack down on food waste after shocking figures estimated the cost of wastage at $13.3 billion (SR49 billion) a year . The yearly squandering of food amounts to a third of the country’s food production, and nearly 36 percent of its 2018 […]

Expat Pakistani Talent: There’s Not Much Here To Motivate Them to Return

DR. ISHRAT HUSAIN: There is little doubt the main driver of growth and shared prosperity in the 21st century is the knowledge economy. The evidence of this has already been demonstrated by Japan, Korea, Taiwan, Singapore, etc. China is embarking upon the same path. Most of these countries have invested heavily in their higher educational […]

Shan Masala Makers Mull IPO, Acquisition as Pakistan Spices Market Hits $1.93B

*** Shan Foods also has manufacturing units in UAE, Saudi Arabia and UK; sells rice and frozen food internationally only *** Pakistan’s spices and condiments market was in 2017 estimated to be worth $1.933 billion JUN 11, 2018 — After nearly four decades of successful operations as a family-run business, Shan Foods is now considering […]

Iranian Oil Production Not Impacted Despite Looming Sanctions Threat

JUN 11, 2018 — With sanctions pressures looming over Tehran, production from OPEC’s third-largest producer, Iran, hasn’t yet been impacted, and may not significantly happen so. The Platt survey found Iranian oil production was steady at 3.83 million bpd, making it the third-largest OPEC producer behind Saudi Arabia, the top supplier, and Iraq. President Trump’s […]

Muslim Refugees Admitted to US Decline Sharply in 2018

JUN 10, 2018 — The number of Muslim refugees admitted to the U.S. has fallen sharply this year. According to a Pew Research Center analysis of U.S. State Department data, the number of Muslim refugees admitted to the United States in the first half of fiscal 2018 has dropped from the previous year more than […]

Chaudhry Nisar Goes Solo, Files Nomination Papers As Independent

JUN 10, 2018 — In the wake of growing rifts with the party leadership, former Interior Minister and Pakistan Muslim League-Nawaz (PML-N) stalwart Chaudhry Nisar Ali Khan Sunday submitted nomination papers to contest the July 25 elections for two National Assembly and as many Punjab Assembly seats as an independent. Former PM and party supremo […]