logo
Microsoft closes its Pakistan office after 25 years

Microsoft closes its Pakistan office after 25 years

Time of India2 days ago
Karachi: Tech giant
Microsoft
has announced to shut down its limited operations in Pakistan as part of its global strategy to reduce workforce, which various stakeholders termed on Friday as a "troubling sign" for the country's economy.
Microsoft, while closing its office in Pakistan on Thursday after 25 years, cited global restructuring and a shift to a cloud-based, partner-led model.
The move came as the tech giant cut roughly 9,100 jobs worldwide (or about 4 per cent of its workforce) in its largest layoff round since 2023.
Jawwad Rehman, former founding Country Manager of
Microsoft Pakistan
, urged the government and IT minister to engage with the tech giants with a bold KPI (Key Performance Indicators) driven plan.
He said the exit reflected the current business climate. "Even global giants like Microsoft find it unsustainable to stay," he posted on LinkedIn.
Former Pakistan president Arif Alvi, in a post on X, also expressed concern over Microsoft shutting down operations.
"It is a troubling sign for our economic future," he wrote.
He claimed Microsoft once considered Pakistan for expansion, but that instability led the company to choose Vietnam instead by late 2022.
"The opportunity was lost," he wrote.
Jawwad explained that Microsoft didn't operate a full commercial base in Pakistan, relying instead on liaison offices focused on enterprise, education, and government clients.
Over recent years, much of that work had already shifted to local partners, while licensing and contracts were managed from its European hub in Ireland.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GTRI Cautions Against Imports Of GM Farm Products From US; May Affect India's Agri Exports
GTRI Cautions Against Imports Of GM Farm Products From US; May Affect India's Agri Exports

News18

timean hour ago

  • News18

GTRI Cautions Against Imports Of GM Farm Products From US; May Affect India's Agri Exports

Agency: PTI GTRI says allowing the import of GM products such as soybean meal and distillers dried grains with solubles (DDGS) for animal feed would affect India's agricultural exports to EU. Economic think tank GTRI on Saturday cautioned that allowing genetically modified (GM) farm products from the US under the proposed trade pact would have implications for India as it may affect the country's agri exports to regions like the European Union. India and the US are negotiating an interim trade pact, which is expected to be announced before July 9. The Global Trade Research Initiative (GTRI) said that allowing the import of GM products such as soybean meal and distillers dried grains with solubles (DDGS) for animal feed would affect India's agricultural exports to the European Union (EU), a key destination for Indian exporters. DDGS is a by-product made during ethanol production, usually from corn or other grains. The EU has strict GM labelling rules and strong consumer resistance to GM-linked products. Even though GM feed is permitted, many European buyers prefer fully GM-free supply chains. India's fragmented agri-logistics and lack of segregation infrastructure make cross-contamination likely, risking trace GM presence in export consignments, GTRI Founder Ajay Srivastava said. 'This could lead to shipment rejections, higher testing costs, and erosion of India's GMO-free image, especially in sensitive sectors like rice, tea, honey, spices, and organic foods. Without robust traceability and labeling systems, GM feed imports could hurt India's export competitiveness in the EU," he said. For instance, the BT gene from the bacterium Bacillus Thuringiensis enables the plant to produce a protein toxic to certain pests. Other genes, including those from soil bacteria, have been used to make crops resistant to herbicides, he said. He added that while GM crops are biologically plant-based and function as vegetarian food, the fact that some contain genes of animal origin means they may not be acceptable to communities or individuals that adhere strictly to religious or ethical definitions of vegetarianism. Srivastava further said research suggests that GM DNA is broken down during digestion and does not enter the animal's meat, milk, or produce. 'Therefore, foods like milk or chicken are not classified as GM, even if the animals were fed GM feed. However, critics argue that this blurs the line for consumers who wish to avoid GM-associated products entirely," he said. On whether seeds harvested from genetically modified crops be reused for future sowing, he said GM seeds are generally not reusable due to legal and biological reasons. 'They are patented and sold under contracts that prohibit saving and replanting. Even if reused, many GM crops are hybrids, and their saved seeds often perform poorly. In India, Bt cotton is the only approved GM crop, and while farmers have tried reusing its seeds, results are substandard," he said. Further, he said the risk of contamination remains a concern worldwide. Srivastava said that GM and non-GM crops can intermingle at various points in the supply chain, especially during transport, storage, or processing. He added that in India, the current policy is relatively conservative and only one GM crop – Bt cotton – is approved for cultivation. 'No GM food crop is commercially cultivated, although experimental trials are ongoing. Import of GM soybean oil and canola oil are permitted," the GTRI said adding imports of GM grains, pulses, oilseeds, fruits, and similar food/feed products are not allowed. GM feed materials such as soybean meal and DDGS are currently banned.

'Yes': Indian-origin investor reveals if there is any 'actual American' in Elon Musk's party amid row over Vaibhav Taneja
'Yes': Indian-origin investor reveals if there is any 'actual American' in Elon Musk's party amid row over Vaibhav Taneja

Time of India

timean hour ago

  • Time of India

'Yes': Indian-origin investor reveals if there is any 'actual American' in Elon Musk's party amid row over Vaibhav Taneja

Social media users said Elon Musk's America Party has so far no Americans. When Elon Musk announced he would be launching a party for Americans following his fallout with President Donald Trump, critics like Steve Bannon, a former Trump adviser, said that Elon Musk himself is not an American. The FEC filing of the party triggered a new controversy as Indian-origin Vaibhav Taneja, who is the chief financial officer of Tesla, was named as the treasurer of the new party. Social media users said none of the names associated with the America Party are American. While Elon Musk was born in South Africa, Taneja was born in India and though they are US citizens, they are not natural-born US citizens. While it became a laughing stock on social media, another Indian-origin techie and investor, who goes by the name Sidharth on X announced that he is also an official member of the American Party. "Are there any actual Americans in the "American" party?" he was asked. "yes they are just not racist towards fellow Americans," Sidharth wrote, adding that he is an American who employs more fellow Americans. Calling himself the "American dream", Sidharth said the "xenophobic" attack on Indian Americans will backfire spectacularly. "The xenophobic attacks against Indian Americans simply for existing and voicing their opinions will backfire spectacularly. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mucus in Lungs? Do This if You Feel Breathlessness Neuracare Learn More Undo Everyone involved in this malicious framing of 'The America Party' will have to deal with the severe consequences of their actions," Sidharth wrote. The Indian-origin investor observed that Indian-Americans are not even allowed dual citizenship unlike the Americans of European origin but their loyalty always gets questioned. "Over 50% of Americans of European origin hold dual citizenship, meaning their loyalty is split between the U.S. and another country. Meanwhile, Indian Americans are not even allowed dual citizenship and yet they remain some of the most loyal, law abiding, and committed Americans you'll ever meet. Let that sink in," he wrote.

Long-term policy continuity, uniformity essential for auto industry growth: Stellantis India CEO
Long-term policy continuity, uniformity essential for auto industry growth: Stellantis India CEO

The Print

time2 hours ago

  • The Print

Long-term policy continuity, uniformity essential for auto industry growth: Stellantis India CEO

In an interaction with PTI here, Stellantis India CEO and MD Shailesh Hazela said that any investor who comes to India would like to see a little longer horizon in terms of policies. Stellantis, which has presence in India through brands like Jeep and Citroen, feels that policy framework should work informally across the nation so that the industry is able to execute long-term business strategies. Paris, Jul 6 (PTI) European auto major Stellantis believes a long-term stable policy framework and its uniform roll-out across different states in India is critical for automakers to execute business plans on a long-term basis. 'So our wishlist for the government is that whatever they decide to put across, it should be for a longer period,' Hazela stated when asked about government actions which could propel growth of Indian auto industry. It would be great if there could be uniformity in policies across the country in terms of EVs (electric vehicles) and taxation so that companies could plan nationally and not state wise, he noted. 'If the government could bring uniformity, which they can, it would really enable the industry to plan in a unified and concise way,' Hazela said. He cited the example of different states rolling out separate policies for electric vehicles. Hazela noted that in the past few years, the Stellantis group has created supporting infrastructure, and now it plans to scale up its presence especially for the Citroen brand. Hazela said a plan is already underway to scale up the brand's presence in the country with bolstering of sales network and new product introductions. The French automaker currently sells the C3 hatchback, the Aircross SUV, the Basalt coupe-SUV, and the electric e-C3 in the Indian market. He noted that Citroen will almost double its sales touchpoints in the next one year from around 80 to over 150, sharpening its focus on the smaller towns and semi-urban areas. 'We are not sticking to one kind of format (sales touchpoints). We will have a mix of small and large ones,' Hazela said. The company plans to focus on Tier III and even Tier IV markets, strategically chosen for their proximity to Tier I and Tier II cities and their potential for substantial growth. On market share aspirations, Hazela said: 'We aspire to at least double our share from the last year to this year or in next 12 months, and then take it to the next number.' Citroen launched its first model in India, the C5 Aircross SUV, in early 2021 and remains a small player in the over 40 lakh annual passenger vehicle market. Hazela said the brand has capability to roll out products based on multiple energy platforms and would introduce such models basis market demand. 'We will continue to explore for CNG, because that's the available fuel in a sustainable way, we have our EV which will continue to grow,' he added. Last year in January, Stellantis announced an additional investment of Rs 2,000 crore under the Citroen brand in Tiruvallur district, Tamil Nadu. This investment will be made over a period of the next 6 years and will take the total investment in the state to Rs 3,250 crore. PTI MSS HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store