Daraz slashes 11% workforce, affecting employees in Pakistan, Bangladesh, Nepal and Sri Lanka

The undated photo shows Daraz's pickups and motorbikes. (Photo courtesy: Social media)
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Updated 07 February 2023
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Daraz slashes 11% workforce, affecting employees in Pakistan, Bangladesh, Nepal and Sri Lanka

  • Daraz Group lays off workforce across all markets citing “war in Europe,” “supply chain disruptions“
  • “Will continue investing in Pakistan and are strong believers of this market,” Daraz CEO says

KARACHI: E-commerce giant Daraz Group has announced it is slashing 11 percent of its workforce across the group, with the CEO saying the decision was taken due to the “reality” of the market after the Russian invasion of Ukraine in 2022 and subsequent rise in inflation across the globe.

Daraz Group operates in Pakistan, Bangladesh, Sri Lanka and Nepal, and was acquired by China’s AliBaba in 2018 from European tech incubator Rocket Internet. The company has since increased its number of active shoppers from three to 15 million, with an average order growth of almost 100 percent until last year, Daraz Group Bjarke Mikkelsen said in a statement. 

“I’m making the tough announcement that we are reducing our team by 11 percent and saying goodbye to many talented people in the process,” Mikkelsen said on Monday. “This decision has been made by myself and the leadership team to prepare the company for the current market reality and to ensure that Daraz will thrive in the long term to achieve our vision.” 

According to the platform’s LinkedIn profile, Daraz has access to over 500 million customers in its markets and employs over 10,000 people. The recent decision to slash 11 percent of its workforce is likely to impact an estimated 1,100 people, who will be laid of within a week.

Mikkelsen said the company’s growth pace decelerated last year after Russia’s invasion of Ukraine caused a rise in the prices of global commodities, which disrupted supply chains and economies in many parts of the world.

“In the last 12 months, the market environment turned and became extremely difficult with a war in Europe, huge supply chain disruptions, soaring inflation, increasing taxes, and removal of essential government subsidies in our markets.” 

The CEO said despite economic headwinds, Daraz remained a growing business and had taken huge strides in unit economics over the past couple of years.

“Unfortunately, it’s not enough and we need to do more to adjust the company to the lower growth outlook in the next couple of years,” Mikkelsen said. “In order to weather the storm, we need to collectively do everything we can to improve profitability and save costs.” 

Following the announcement, Daraz Managing Director Ehsan Saya spoke to Pakistani employees of the company to explain that the group was restructuring to ensure its continued growth. 

“Naturally, given the global economic conditions, we are ensuring we invest in all the right priorities,” Saya was quoted as saying by Daraz Pakistan.

“We will continue investing in Pakistan and are strong believers of this market, hence, we felt it is imperative that we reorganize our structure to scale and grow in the coming years.”

Earlier in October, Daraz invested in the region’s first smart distribution centers in Karachi and Lahore to build a sustainable future for e-commerce in Pakistan. 


Pakistan, Saudi Arabia resolve to further strengthen economic ties

Updated 9 sec ago
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Pakistan, Saudi Arabia resolve to further strengthen economic ties

  • Finance Minister Mohammad Aurangzeb briefed his Saudi counterpart on Pakistan’s economic reforms on World Economic Forum sidelines
  • Both Pakistan and Saudi Arabia are close regional partners and allies, and signed 34 agreements worth $2.8 billion in Oct. last year

ISLAMABAD: Pakistan Finance Minister Muhammad Aurangzeb held a meeting with his Saudi counterpart Mohammed bin Abdullah Al-Jadaan in Davos, wherein the two figures agreed to further strengthen economic ties between the two countries, Pakistani state media reported on Thursday.
The meeting took place on the sidelines of the World Economic Forum (WEF) summit which is being held on Jan. 20-24 under the theme, ‘Collaboration for the Intelligent Age’.
Aurangzeb briefed his Saudi counterpart on structural reforms, fiscal discipline and regulatory improvements that had contributed to improved investment climate in Pakistan, the Radio Pakistan broadcaster reported.
“Both the sides reaffirmed their commitment to further strengthening the economic and financial ties between the two countries for shared prosperity,” the report read.
Pakistan and Saudi Arabia are close regional partners and economic allies, and both countries signed 34 agreements worth $2.8 billion in October last year. The Kingdom is home to over 2.7 million Pakistani expatriates, serving as the top destination for remittances for the cash-strapped South Asian country.
On Tuesday, Aurangzeb also met Saudi National Bank Chairman Saeed bin Mohammed Al-Ghamdi in Davos and discussed with him banking sector partnerships between the two countries, Pakistan’s finance ministry said.
“The two leaders discussed potential financial cooperation between Pakistan and Saudi Arabia, particularly focusing on strengthening partnerships in the banking sector,” the finance ministry said in a statement.
The Saudi Export-Import Bank and Pakistan’s Bank Alfalah have also signed a $15 million financing agreement on the WEF sidelines, strengthening access to Pakistani markets and boosting trade and economic ties.


Pakistan joins global shipping line connecting it directly to Europe amid efforts to boost trade

Updated 7 min 18 sec ago
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Pakistan joins global shipping line connecting it directly to Europe amid efforts to boost trade

  • The INX weekly shipping service will begin its operations from Karachi on February 5
  • The service will streamline logistics, enhance connectivity and drive economic growth

KARACHI: South Korean shipping company, HMM, on Wednesday launched the India North Europe Express (INX) weekly shipping service in Pakistan, providing the South Asian country direct access to Europe.
The service, launched in collaboration with Ocean Network Express (ONE) container liner and Pakistan’s United Marine Agencies (UMA), will ensure timely and efficient delivery of Pakistani goods to the destined European ports and beyond, according to HMM.
The development comes amid Pakistan’s efforts to boost trade and seek international partnerships to expand its maritime activities, according to Pakistani officials. The initiative will streamline logistics, enhance connectivity, and drive economic growth in the region.
“Our country has abundance of marine, fisheries, mineral and energy resources that can generate additional revenues,” said Vice Admiral Faisal Abbasi, Pakistan Navy commander in Karachi, noting that Pakistan was located at the crossroads of three geographical locations: the gateway to Central Asia, Southwest Asia and the Arabian Gulf.
He said the sea lines of communication (SLOCs) allow nations to stretch beyond their land borders, facilitating access to and exchange of raw materials and trade goods.
“Today, as much as 75 percent of international trade takes place over water and same is expected to continue growing in foreseeable future,” Vice Admiral Abbasi added.
The service, which was launched at a ceremony in the port city of Karachi, will begin operations on Feb. 5. It will directly link western India to northern Europe, according to HMM. The maiden voyage will begin from Karachi under the port rotation: Karachi–Hazira–Mundra–Nhava Sheva–Colombo–London Gateway–Rotterdam–Hamburg–Antwerp–Karachi.
“The INX service promises a robust, direct maritime connection from Western India to Northern Europe, turning around in just 11 weeks with a fleet of 6,000 TEU container ships,” said Sohail Shams, CEO of the United Marine Agencies (UMA), the HMM agent in Pakistan.
“This development not only diversifies maritime service portfolio in the region but also amplifies opportunities for regional trade and global transshipment through this strategic hub.”
He said UMA is dedicated to providing outstanding shipping services and plays a crucial role in strengthening Pakistan’s maritime trade through its representation of leading global shipping lines and handling of cargo to destinations worldwide.
“This service signifies more than just a route, it represents progress, innovation, and the shared commitment of our global partners to simplify and enhance international trade,” Sohail said. “This strategic network underscores the significance of Karachi as a vital trade hub and gateway to global markets.”
Yang Jungmo, a top HMM official for Southwest Asia, also addressed attendees at Wednesday’s launch, highlighting the significance of the INX service for global trade and emphasizing the company’s commitment to offering reliable and efficient shipping solutions.
Earlier this month, Dubai-based logistics giant DP World, in collaboration with Pakistan’s National Logistics Corporation, launched a feeder service to transport shipping containers from Dubai to Karachi, Pakistani state media reported. Pakistani officials and DP World have also finalized terms for a freight corridor project from Karachi Port to the Pipri Marshalling yard in southern Pakistan.
Pakistan is currently on a tricky path to economic recovery since avoiding a default in June 2023. The South Asian country last year secured a new $7 billion loan from the International Monetary Fund (IMF) and has been actively pursuing trade and investment opportunities to put the economy back on track.


In southern Pakistan, septuagenarian artist fights to keep century-old ‘Matka Dance’ alive

Updated 28 min 13 sec ago
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In southern Pakistan, septuagenarian artist fights to keep century-old ‘Matka Dance’ alive

  • Traditional “Matka Dance” involves dancing while balancing earthen pot, attached to a pole, above one’s head
  • Performing arts expert urges provincial government to support traditional dance, warns it may become extinct

KARACHI: Sain Dad, 73, expertly balances a round earthen pot, also known as a “matka” in the local language, four feet high above his head attached to a metal rod. Dad dances to the beat of the drums, using his hands not once to steady the rod as he performs a century-old art only a handful of people in southern Pakistan can perform.
The “Matka Dance” is a traditional folk dance performed in Pakistan’s southern Sindh province which involves expertly balancing an earthen pot above your head. The trick is to not use your hands as you dance while balancing the rod atop your head.
While the exact origin of the matka dance remains unknown, Dad traces its lineage back to Saleh Muhammad Shah, one of Sindh’s earliest known practitioners. Over a century ago, Dad says Shah pioneered the technique of lifting the earthen pitcher using a bamboo stick.
The skill was passed down through generations, until Mehrab Dad, Sain Dad’s father, ultimately taught his son the dance when he was 13 years old. It has been 60 years since then and Dad continues to keep the legacy alive.
“You cannot hold it and then have to control your neck,” Dad told Arab News, demonstrating how to execute the dance. “It is practice. It takes almost ten years to learn this.”


In six decades, Dad has graced various stages across 18 countries, even performing before the late Princess Diana during his tour of the United Kingdom in 1995.
While he is proud of the craft, it is a dying one and Dad lives an impoverished life in Khuda Bux Goth, a Karachi suburb, in a shanty house that only has a mat for a roof.
Apart from him, Dad says only his two sons and two students can perform the matka dance in Sindh. 
Sheema Kermani, a renowned classical dancer and performing arts expert, said the matka dance is a “dance of joy and celebration” that was traditionally performed before nomadic communities left one area for another.
“All these folk dancings are rooted in people’s lives, in their work, in the kind of labor that they do,” Kermani explained. 


She lamented the lack of government support for the craft, saying that the art form would die unless it received support from authorities.
“You see these people who are still practicing, they are the ones, they need to be supported,” Kermani told Arab News. “This is our heritage. This is the beauty of this culture.”
‘WEALTH OF RESPECT’
Muhammad Saleem Solangi, deputy director of culture in Sindh government, says his department actively promotes traditional artists by sending them overseas to perform at international festivals.
“I personally had our legendary artist, Sain Dad sahib, recommended for the Presidential Award in Islamabad,” Solangi told Arab News, adding that artists receive “substantial remuneration” for their performances at festivals.
“The department, within its limited resources, also provides him with an annual stipend,” he said. “In times of illness or financial crisis, they continue to support him, and they also look after his children.”

The picture taken on January 21, 2025, shows presidential award certificate granted to Sain Dad in Karachi, Pakistan. (AN photo)
The picture taken on January 21, 2025, shows presidential medal awarded to Sain Dad in Karachi, Pakistan. (AN photo)

Dad’s 30-year-old son Muhammad Iqbal is a skilled drummer who accompanies his father and brothers to their performances. He says they typically perform three to four times a month, and during peak seasons, even six. Their earnings range up to Rs 30,000 [$107.66] per performance, which they divide among themselves.
“Whenever there is an exhibition or a wedding program, or a mehndi event, we perform in these programs,” Iqbal said.
But earnings hardly matter for Dad, who says the respect he enjoys from performing means the world to him.
“We may not have wealth in terms of money, but the wealth of respect is immense,” he said.
While the art form may be a dying one, Dad is already teaching his 15-year-old grandson how to balance a water bottle on his head.
And so far, Mehtab Ali is determined to master the matka dance.
“Just like my grandfather and uncle lift the pitcher, I will also, God willing, be able to lift it in four months,” Ali said.


Pakistan minister tables amendments lowering jail term for spreading ‘fake’ information to 3 years

Updated 22 January 2025
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Pakistan minister tables amendments lowering jail term for spreading ‘fake’ information to 3 years

  • Changes to contentious cybercrime law says fake news disseminator could be fined up to Rs2 million [$7,177]
  • Amendments propose creation of social media authority with powers to block content on online platforms

ISLAMABAD: Pakistan’s Law Minister Azam Nazeer Tarar on Wednesday tabled amendments to a contentious cybercrime law in parliament, lowering the punishment for spreading “fake information” online to three years, according to a draft of the document. 
Pakistan’s state minister for information technology, Shaza Fatima Khawaja, last month confirmed the government was reviewing amendments to the Pakistan Electronic Crimes Act (PECA) 2016. Passed in 2016 by the then government of Prime Minister Shehbaz Sharif’s Pakistan Muslim League-Nawaz (PML-N) party, the law was originally enacted to combat various forms of cybercrime, including cyber terrorism, unauthorized access, electronic fraud and online harassment, but it has variously been used to crack down on journalists, bloggers and other critics of the state.
The amendments proposed up to five-year imprisonment or fine extending to Rs1 million ($3,588) or both for anyone who “intentionally” posts false information online to create “a sense of fear, panic or disorder or unrest.”
“Whoever intentionally disseminates, publicly exhibits or transmits any information through any information system , that he knows or has reason to believe or has reason to believe to be false or fake and likely to cause or create a sense of fear, panic or disorder or unrest in general public or society shall be punished with imprisonment which may extend up to three years or with fine which may extend to two million rupees or with both,” Section 26A of the Prevention of Electronic Crimes (Amendment) Bill, 2025 states.
The amendments also propose establishing a “Social Media Protection and Regulatory Authority,” which would perform several functions related to social media such as education, awareness, training, regulation, enlistment, blocking and more.
It said that anyone “aggrieved by fake and false information” would be able to approach the authority to remove or block access to the content in question, adding that the authority would issue orders no later than 24 hours on the request.
“Any person aggrieved by fake or false information may apply to the Authority for removal or blocking of access to such information, and the Authority shall, on receipt of such application, not later than twenty-four hours, pass such orders as it considers necessary including an order for removal or blocking access to such information,” a copy of the amendment bill states. 
The draft stated that authority would have the power to issue directions to a social media platform to remove or block online content if it was against the “ideology of Pakistan,” incited the public to violate the law, take the law in their own hands with a view to coerce, intimidate or “terrorize” public, individuals, groups, communities, government officials and institutions. 
The authority will also have the power to issue directions to the social media platform if the online content incited the public or section of the public to cause damage to governmental or private property; coerced or intimidated the public or section of the public and thereby prevented them from carrying on their lawful trade and disrupted civic life, the draft said.
Pakistan’s digital rights experts have recently pointed to the government’s restrictions on the Internet, which include a ban on social media platform X since February 2024 and on the use of virtual private networks (VPNs) as moves to curtail freedom of speech and voices of dissent. 
The government rejects these allegations and has repeatedly said it is enacting laws to battle fake news on social media platforms.


Pakistan Business Council calls for collaborative efforts with UAE in investment, cultural exchanges 

Updated 22 January 2025
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Pakistan Business Council calls for collaborative efforts with UAE in investment, cultural exchanges 

  • UAE is Pakistan’s third-largest trading partner after China and US, and a major source of foreign investment
  • Pakistan consul general in Dubai urges business leaders to explore opportunities in IT, agriculture and tourism

ISLAMABAD: The Pakistan Business Council Dubai on Wednesday said it aims to strengthen existing relations between Islamabad and Abu Dhabi through collaborative efforts in trade, investment and cultural exchanges, a statement from the Pakistan Consulate General in Dubai said. 
The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment valued at over $10 billion in the last 20 years, according to the UAE foreign ministry.
It is also home to more than a million Pakistani expatriates. Policymakers in Pakistan consider the UAE an optimal export destination due to its geographical proximity, which minimizes transportation and freight costs while facilitating commercial transactions.
Hussain Muhammad, the consul general of Pakistan in Dubai, met the new board members of the PBC Dubai at the Consulate General of Pakistan. Shabbir Merchant, the PBC Dubai chairman, shared the council’s strategic roadmap for 2025-2026.
“Mr. Merchant stated that PBC aims to strengthen the relationship between Pakistan and UAE through collaborative efforts in trade, investment and cultural exchanges,” the Pakistan Consulate General said. “He added that the Council is committed to avail opportunities for mutual growth and foster a deeper connection between the two nations.”
Muhammad appreciated PBC’s efforts in promoting Pakistan’s economic potential in the UAE, the statement said, adding that the Pakistani consul general also encouraged them to take concrete steps toward enhancing bilateral trade and investment between the two countries. 
“The Consul General emphasized the need for business leaders to explore opportunities in Pakistan’s diverse sectors, including IT, manufacturing, agriculture and tourism,” the statement said. 
“He said that Pakistan offers immense potential for investment and trade, with Special Investment Facilitation Council (SIFC) established as a single window to facilitate investors.”
The SIFC is a hybrid civil-military body formed in June 2023 to attract international investment, particularly from Gulf countries, in Pakistan’s key economic sectors such as tourism, mining and minerals, agriculture and livestock. 
Hussain urged the PBC to act as a bridge for creating new partnerships and expanding existing ones. 
Pakistan and UAE have stepped up efforts in recent years to strengthen their business and investment relations. In January 2023, Pakistan and the UAE signed multiple agreements worth more than $3 billion for cooperation in railways, economic zones and infrastructure, a Pakistani official said, amid Pakistani caretaker prime minister Anwaar-ul-Haq Kakar’s visit to Davos for the World Economic Forum’s summit.