Dr Ayesha Jalal calls for revival of enlightened Muslim thought at NIPP book launch


Lahore: Prominent historian, scholar and author Dr. Ayesha Jalal has called for reviving enlightened Muslim thought by overcoming the intellectual constraints of colonial and post-colonial legacies, stressing that openness of mind and critical inquiry are essential for the advancement of knowledge. She expressed these views while speaking at the launching ceremony of her latest book, Muslim Enlightened Thought in South Asia, organized by the National Institute of Public Policy (NIPP) at the National School of Public Policy (NSPP) on Wednesday. Dr. Jalal said she wrote the book to investigate the decline of Muslim intellectual thought in South Asia after having previously written extensively on politics, democracy and the making of Pakistan.



She argued that knowledge should not be viewed through the artificial divide of “East” and “West,” as it is the cumulative product of human civilization. She maintained that British colonial rule not only exploited the region economically but also weakened its intellectual and cultural foundations by disrupting its educational and literary traditions, particularly after the abolition of Persian as the official language. She urged Pakistan’s education system to promote curiosity, independent thinking and critical inquiry instead of rote learning.



Explaining the central theme of her book, Dr. Jalal said it challenges the perception that Muslim intellectuals of the Indian subcontinent were merely conservative or apologetic. Instead, it highlights a rich tradition of Roshan Khayali (enlightened thought), rational inquiry and intellectual openness rooted in Islamic teachings. She said the book examines how colonial rule transformed religion from a matter of personal faith into a political identity, while tracing the intellectual contributions of figures such as Sir Syed Ahmad Khan, Mirza Ghalib, Allama Muhammad Iqbal and Jalaluddin Rumi in reconciling faith, reason, history and modernity.



She expressed the hope that the book would encourage students, researchers and civil servants to reconnect with South Asia’s intellectual heritage and foster a culture of informed scholarship. The ceremony was attended by the Dean of the National Institute of Public Policy (NIPP) Dr. Naveed Elahi, Rector of the National School of Public Policy (NSPP) Dr. Farhan Aziz Khawaja, officers of the National Management Courses, Civil Services Academy, students and a large number of distinguished guests.



In his opening remarks, Dr. Naveed Elahi highlighted the NSPP’s contribution to training civil servants in policy research, strategic thinking and modern governance, describing Dr. Jalal’s work as an important historical document. Dr. Farhan Aziz Khawaja said such events strengthen the intellectual development of civil servants and promote good governance. The event concluded with a question-and-answer session, presentation of a commemorative shield to Dr. Ayesha Jalal, a group photograph and book stalls that attracted keen interest from participants.



LCCI hosts third session of ‘One Day One University’ initiative


Lahore: Lahore Chamber of Commerce and Industry (LCCI) Wednesday organized the third session of its flagship ‘One Day One University’ programme, featuring an exhibition of innovative products, projects, research initiatives, and prototypes developed by the students of University of South Asia, Lahore.



The exhibition was inaugurated by LCCI President Faheem-ur-Rehman Saigol. The event was attended by LCCI Senior Vice President Tanveer Ahmed Sheikh, Vice President Khurram Lodhi, Vice Chancellor University of South Asia Mian Imran Masood, Convener Standing Committee Umer Saleem, members of the business community, faculty members, students, and representatives from various industrial sectors.



On the occasion, the LCCI and the University of South Asia signed a Memorandum of Understanding (MoU) aimed at promoting meaningful collaboration between academia and industry. The agreement was signed by LCCI President Faheem-ur-Rehman Saigol and the University’s Vice Chancellor Mian Imran Masood.



Under the MoU, both institutions will work jointly to organize seminars, workshops, conferences, awareness sessions, and knowledge-sharing activities. The agreement also envisages cooperation in industry-oriented research, entrepreneurship promotion, technology transfer, commercialization of innovative ideas, curriculum development, student internships, guest lectures, and mentorship programmes. The collaboration will further facilitate stronger engagement between students and the corporate sector, helping prepare graduates for emerging market needs.



Speaking on the occasion, the LCCI President said that empowering youth through stronger industry-academia collaboration is essential for Pakistan’s economic progress. He stated that the Chamber is committed to creating opportunities that connect talented students with the business community, enabling them to understand market dynamics, innovation requirements, and entrepreneurial practices. He said that the ‘One Day One University’ initiative has emerged as an effective platform for fostering interaction between academia and industry, encouraging practical learning, and identifying future business leaders and innovators.



He further said that universities play a pivotal role in producing skilled human resources, and closer engagement with industry can significantly enhance the relevance and impact of academic research. He was confident that the partnership with University of South Asia would contribute to innovation, entrepreneurship, and economic development.



The varsity Vice Chancellor Mian Imran Masood appreciated the efforts of Lahore Chamber in providing students with exposure to the business sector. He said, the varsity is committed to producing graduates equipped with knowledge, skills, and innovative mindset required by modern industries. He added that the MoU would open new avenues for collaborative research, internships, commercialization of innovative projects, and professional development opportunities for students and faculty members alike.



The participants appreciated the students’ projects and innovative prototypes displayed at the exhibition and termed the initiative a valuable step towards strengthening academia-industry partnerships and promoting a culture of innovation and entrepreneurship in the country.



The event concluded with a renewed commitment from both institutions to work together for the advancement of education, research, innovation, and economic growth through sustained collaboration between academia and industry.



SBP Governor urges bank to develop specialized products for financing priority sectors


Karachi: Governor State Bank of Pakistan (SBP), Jameel Ahmad, Wednesday, urged banks to move beyond traditional lending approaches and reliance on government supported schemes and develop sector specific products that match the cash-flow cycles of agriculture, SMEs, and other productive sectors.

The SBP governor, addressing the concluding session of Pakistan Banking Summit 2026, said that expanding financing to priority sectors will support entrepreneurship, create jobs, raise productivity, and strengthen Pakistan’s long-term growth potential.

Identifying expansion of financing to priority sectors as one of the most important challenges for Pakistan’s financial sector, he said that agriculture, SMEs, and affordable housing were critical drivers of employment, exports, and economic resilience.

Referring to ongoing digital transformation in the banking industry due to rapid advances in artificial intelligence and digital technologies, he said that SBP was pursuing a futuristic reform agenda with focus on ac
celerating digital transformation, harnessing emerging technologies, including artificial intelligence, promoting customer-centric financial services, expanding financing for priority sectors, and integrating climate and sustainable finance into the financial system.

The SBP governor urged banks to view digital transformation as a long-term strategic investment rather than a technology project and develop products and services that respond to the evolving needs of customers, particularly women, youth, SMEs, and other underserved segments.

The policy framework is firmly in place and the next step is to translate these opportunities into scale through innovation, partnerships, and sustained commitment from the banking industry, he emphasized and advised banks to strengthen credit assessment through alternative data, expand outreach to underserved businesses and make greater use of digital platforms to reduce transaction costs.

The governor highlighted the central bank’s initiatives for modernizing agricultur
al finance, promoting value-chain financing and investment in storage infrastructure, climate-resilient agriculture, use of digital technologies, land information systems, and alternative delivery channels to improve access to finance, particularly for small farmers.

SBP not only strengthened refinance, guarantee, and risk-sharing arrangements through various initiatives but also removed key regulatory barriers and revised the prudential regulations for SME financing, he informed.

These reforms resulted in a significant increase in outstanding SME financing and the number of SME borrowers, he said, adding that a target has been set to increase outstanding SME financing to Rs. 1.5 trillion by June 2028 and expand the number of SME borrowers to 750,000.

He urged the banks to make greater use of technology, data, and partnerships with fintechs and other service providers. The revised regulatory framework provides banks with greater flexibility to design products that reflect the diverse needs and risk profile
s of different sectors, he added.

Reflecting on the remarkable economic and financial performance of Pakistan during FY26, the governor said that we have preserved stability, built modern digital infrastructure and introduced reforms to support innovation and expand access to finance and the macroeconomic environment remained conducive for our financial sector to undergo the necessary transformation.

FPCCI launches ‘Home to Hub’ initiative to propel women entrepreneurs toward exports


Karachi: Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Wednesday, launched the inaugural ‘Home to Hub’ initiative to encourage participation of women entrepreneurs in export oriented sectors.



President FPCCI, Atif Ikram Sheikh, in a statement issued here, informed that the inaugural event marked the formal beginning of a structured journey designed to transform Pakistan’s women entrepreneurs from home-based beginners to export-ready business leaders.



The ice-breaking event gathered a carefully curated mix of established and emerging women entrepreneurs, university students, senior business mentors, and finance representatives.



FPCCI president thanked the key institutional partners; including, the Small and Medium Enterprises Development Authority (SMEDA), the State Bank of Pakistan (SBP), the Trade Development Authority of Pakistan (TDAP), and the Pakistan Single Window (PSW) for providing actionable insights on business planning, funding opportunities, and global export facilitation to the women entrepreneurs.



Patron-in-Chief, United Businessmen Group, S. M. Tanveer, underscored the macroeconomic importance of the Home to Hub initiative and said that transition from informal, home-based setups to structured, scalable hubs is vital. Providing women with the structural support to navigate this journey ensures their long-term integration into the mainstream commercial sector, he added.



SVP FPCCI, Saquib Fayyaz Magoon, said that our focus is to ensure that emerging women entrepreneurs are not operating in isolation. Through structured networking, access to finance, and dedicated facilitation, FPCCI is committed to bridging the gap between local innovation and global supply chains, he said.



VP FPCCI and Regional Chairman Sindh, Abdul Mohamin Khan, explained that the Home to Hub framework was engineered to achieve six core outcomes for its participants; i.e. inspire, inform, connect, classify, register, and validate.



VP FPCCI, Qurrat ul Ain, emphasized the apex body’s foundational role in female economic empowerment, saying that FPCCI is a key supportive platform for Women Entrepreneurs. By formalizing these enterprises and providing them with direct pathways to international markets, we are driving critical, inclusive economic growth for the nation, she added.



The initiative was spearheaded and organized by FPCCI’s consultant on Women Entrepreneurs Affairs (Sindh Region), Naheed Masud. Concluding the event and outlining the way forward, she noted that the inaugural event presented the program roadmap.



She said that participants will be classified into sector-specific clusters- such as IT and Digital, Fashion and Textiles, and Health and Nutrition- and then registered into a digital database to provide customized mentorship and targeted access to finance.



Sindh Govt decided to provide special IT training for all educational board staff


Karachi: The Sindh government, with the cooperation of the Asian Development Bank (ADB), has decided to provide special IT training for all educational board staff and supply modern equipment to the boards.



This decision was made in an important meeting chaired by Sindh Minister for Universities and Boards, Muhammad Ismail Rahu, at the office of the Secretary of Universities.



Under the Sindh Secondary Education Improvement Project (SSEIP), the government will introduce modern technology, e-marking, modernization of the examination system, and digitalization of governance systems across all educational boards. For this purpose, IT experts will provide specialized training to board staff with ADB’s support, while scanners, cutting machines, servers, and other modern equipment will also be supplied.



This decision was made in an important meeting chaired by Sindh Minister for Universities and Boards, Muhammad Ismail Rahu, at the office of the Secretary of Universities.



Child dies after falling into well in Karachi’s Ghas Mandi area


Karachi: A child lost his life after accidentally falling into a well in Karachi’s Ghas Mandi area on Wednesday, according to rescue sources quoted by TV channels.



Initial reports stated that the child was on his way home when he suddenly fell into the well. The rescue team rushed to the scene after receiving information about the incident and recovered the body.



The body was shifted to a nearby hospital for legal formalities. Authorities have launched an investigation to determine the circumstances surrounding the incident.