Author name: Bussiness

Asad Jawaid
Tech

Building a Career at the Intersection: Asad Jawaid on Strategy, Risk, and Leading Through Change

In a session, we engage with Mr. Asad Jawaid, a seasoned strategy and commercial leader whose career is a masterclass in navigating the evolution of South Asia’s consumer landscape. With over a decade of experience, Asad uniquely bridges two worlds: the entrenched, distribution-heavy fundamentals of FMCG, honed at Reckitt, and the agile, data-driven arena of modern digital commerce, shaped within the Alibaba and Daraz ecosystem. He is recognized for translating complex insights into scalable growth and driving commercial transformation, with a track record of full P&L ownership and market strategy across Pakistan, Sri Lanka, and the wider region. We sat down with him to unpack his perspectives on the convergence of traditional and digital business models, the future of commerce, and the essential mindset for leading in a period of rapid transformation. TBR: You have built your career across different industries and roles. When you look back, what were the key chapters that shaped who you are as a leader today? AJ: My career has come in a few chapters. At Reckitt, I learned discipline, ownership, and how to understand customers from the field, not just presentations. Moving into Daraz and the Alibaba ecosystem shifted my thinking toward systems: category strategy, seller economics, and using data to move fast. Regional work across South Asia taught me to adapt playbooks to local realities. Across all of it, I have become more curious, more practical, and more focused on building teams that can scale. TBR: Was there a defining moment early in your career when you realised you wanted to work in high growth, consumer facing businesses rather than a more traditional path? AJ: Early on, I noticed I was most energised when the consumer was changing and the answers were not obvious. I enjoyed ambiguous problems where you have to build the approach, test it, and improve it quickly. That pace and constant learning felt more meaningful to me than a predictable path, so I leaned into high-growth roles where the market keeps you sharp. TBR: You now lead commercial strategy at Daraz, one of Pakistan’s most visible digital businesses. What were the most important skills or mindsets you had to develop along the way to make that transition possible? AJ: Three things helped most. First, systems thinking: seeing how assortment, pricing, traffic, seller health, and operations link together. Second, data fluency: spotting real signals, then converting them into actions fast. Third, a learner’s mindset: staying curious, unlearning what no longer applies, and partnering closely with cross-functional teams to execute. TBR: Every career has inflection points. Can you share one decision, move or risk you took that felt uncertain at the time but proved transformative later? AJ: Leaving a clear FMCG track for e-commerce was the biggest risk. I went from familiar brands to leading Fashion, learning new consumers, new metrics, and a new operating rhythm. It felt like starting over, but it forced faster learning and more structured thinking. I learned to build growth engines instead of relying on inherited playbooks. That move later unlocked multi-category leadership, regional exposure, and transformation work that still shapes how I approach strategy. TBR: Who have been the most influential mentors or role models in your journey, and what are the one or two lessons from them that you still apply every day? AJ: I have learned from leaders who combined high standards with trust. Two lessons stay with me. First, execution is where strategy becomes real, so keep plans simple, clear, and repeatable. Second, leadership is about enabling others: set direction, ask better questions, and give teams the tools and confidence to own outcomes. TBR: You have seen the evolution of Pakistan’s consumer and e-commerce landscape first hand. How has that context shaped your thinking about growth, partnerships and doing business here? AJ: Pakistan teaches resilience. Consumers are value-conscious, behaviour shifts quickly, and external conditions can change plans overnight. That has made me focus on fundamentals: trust, selection, service, and pricing discipline. It has also reinforced that partnerships must be win-win and grounded in data. The goal is flexible systems that can absorb shocks and still deliver consistent value. TBR: What kind of leader do you consciously try to be for your teams, and how has your leadership style changed from your first managerial role to now? AJ: Earlier, I thought leadership meant having answers and pushing hard. Now I try to create clarity, context, and momentum. I focus on direction, simple decision frameworks, and removing friction so teams can move faster. I encourage ownership, thoughtful experimentation, and learning from mistakes. My job today is less about doing the work myself and more about making strong execution repeatable. TBR: On a personal level, what keeps you motivated in demanding roles, and how do you reset or stay grounded outside of work? AJ: Progress motivates me: a category improving, a process scaling, or someone on the team stepping up. To reset, I lean on fitness, travel, and time with people who keep me grounded. I also reflect regularly on what is working, what is not, and what I need to learn next. TBR: If you were speaking to a young professional at the very start of their career, what honest advice would you give them about building a meaningful long term journey, not just chasing the next title? AJ: Optimise for skills, not titles. Take roles that stretch you and teach you how to solve unfamiliar problems. Work with people who challenge you and give direct feedback. Stay curious, stay humble, and build a reputation for reliability. Careers compound through capability and relationships, and the best opportunities usually follow consistent growth over time.

IMC proposes maintaining 40% tariff difference in upcoming auto policy
Auto

IMC proposes maintaining 40% tariff difference in upcoming auto policy

Karachi: Indus Motor Company proposed that the upcoming Auto Policy 2026–31 should maintain at least a 40% tariff difference between Completely Knocked Down (CKD) and Completely Built Up (CBU) vehicles to protect jobs and ensure competitiveness. This was proposed by Chief Executive IMC Ali Asghar Jamali while speaking at Pakistan Auto Show (PAPS) held at the Expo Center Karachi from November 14-16, in which IMC participated as a Diamond Sponsor. “Our participation at PAPS 2025 reflects our commitment to the ‘Make in Pakistan’ vision to produce world-class vehicles locally while supporting job creation and industrial growth. “We urge the government to maintain policies that promote local manufacturing and shield the industry from the negative impact of used car imports,” said Jamali, adding that there is a need for stable and forward-looking government policies to ensure the long-term sustainability of the local auto industry. He further emphasized that parts manufacturing in Pakistan should be nurtured, and imports of parts already produced locally should be subject to higher import duties to strengthen the local parts industry, develop Pakistani skill sets, and create sustainable employment. Jamali also called for decisive measures against the rising import of used vehicles, which threaten domestic production, Large Scale Manufacturing (LSM) growth, and employment generation. It is to be noted that currently 17 global automotive players have invested in Pakistan, establishing plants with a combined capacity of 500,000 vehicles, of which only one third is utilized. In this situation, he added, where major investments exist alongside underused capacity, the import of used cars, already 25% of the market, undermines investor confidence. “Insufficient capacity utilization also makes locally produced vehicles less competitive and more expensive for consumers,” reasoned Jamali. Over the past 35 years, he added, IMC has consistently invested in localization, human skills development, enabling high-quality vehicle production, job creation, and economic growth through its strong vendor network and technical collaborations. “The company continues to lead efforts for sustainability, innovation, and industrial advancement within Pakistan’s automotive ecosystem,” said Jamali. Jamali said that at IMC they believe in building a stronger Pakistan through localization, innovation, and continued investment in our people and industry. Through an active participation at PAPS 2025, he added, IMC reaffirmed its dedication to localization, industrial growth, and sustainable economic development, in line with the national vision of “Make in Pakistan.” At the IMC pavilion, visitors were drawn to the expended displays of the Toyota Yaris and Corolla Cross, highlighting the extensive localization achieved in these models. The exhibit reflected IMC’s enduring commitment to its “Make in Pakistan” philosophy, promoting local manufacturing, innovation, and industrial self-reliance. The event brought together original equipment manufacturers (OEMs), policymakers, government stakeholders, and the public to showcase advancements in Pakistan’s automotive industry.

US Envoy Warns Pakistan Against Falling Into “Debt Traps
World

US Envoy Warns Pakistan Against Falling Into “Debt Traps

Islamabad: The United States’ chargé d’affaires in Pakistan, Natalie A. Baker, has urged Islamabad to protect its economic sovereignty by steering clear of problematic foreign debt arrangements. In comments made informally to the media at the President’s House, she emphasized that Pakistan must “cautiously guard its economic independence.” Baker called on the government to fully implement its planned privatization programme, and to adhere completely to the reform agenda set by the International Monetary Fund (IMF). She argued that such measures are critical to ensuring Pakistan’s long-term economic sustainability. Regarding Pakistan’s ties with China, Baker said Islamabad is “a free and sovereign country” that can cooperate with any nation — but warned that projects which risk becoming debt traps are a global concern. She added that Washington supports Pakistan’s economic stability and reiterated the importance of Pakistan’s sovereignty, calling its protection “extremely important to the US.”

Pakistan–Afghanistan Tensions Escalate as Border Clashes and Militancy Rise
World

Pakistan–Afghanistan Tensions Escalate as Border Clashes and Militancy Rise

Tensions between Pakistan and Afghanistan have intensified in recent weeks as border clashes, militant attacks, and stalled peace talks push relations between the two neighbours to one of their lowest points in years. The crisis escalated after a series of deadly incidents along the frontier, leaving dozens dead and hundreds injured. Pakistan has accused Afghanistan’s Taliban-led government of allowing the Tehrik-e-Taliban Pakistan (TTP) to use Afghan territory as a base for planning and launching attacks. Kabul, however, firmly denies the allegation, insisting it does not permit militant groups to operate from its soil. Pakistan has experienced a significant surge in TTP-led violence targeting both civilians and security forces. In response, Islamabad claims to have carried out strikes on suspected TTP hideouts inside Afghan territory — a move that has further strained the relationship. Efforts to defuse the situation have so far failed. Negotiations held in Doha and later in Istanbul ended without a breakthrough. Pakistani officials say they have no immediate plans for a fresh round of talks, though both countries had earlier agreed to honour a ceasefire framework. The border closure has also deepened economic pressure on Afghanistan, which relies heavily on Pakistan’s ports for trade access. Analysts say this dependence underscores Islamabad’s leverage, though it also complicates humanitarian and commercial flows across the region. At the heart of the dispute lies a historical fault line: the Durand Line. The colonial-era border drawn in 1893 has never been fully accepted by Afghanistan, fuelling decades of mistrust and periodic conflict. Experts also point to Pakistan’s past support for certain militant factions in Afghanistan — a strategy aimed at securing influence in Kabul — which they say has now backfired as the TTP grows more potent inside Pakistan. With diplomatic avenues stalled and border security deteriorating, observers warn that the conflict risks widening unless both sides return to negotiations and take concrete steps to control cross-border militancy.

HIV Outbreak Among Children Reported in Karachi’s SITE Town
Health

HIV Outbreak Among Children Reported in Karachi’s SITE Town

Karachi: A cluster of HIV cases has emerged in Karachi’s SITE Town, where multiple children aged between one and nine have tested positive, prompting alarm among residents and local authorities. At least two children have reportedly died, with the total number of confirmed infections rising as screening expands in the area. The situation came to light after families from UC-1 reported that their children, who had been receiving treatment at the Kulsum Bai Valika Social Security Hospital, were diagnosed with HIV. Local representatives formed a five-member committee to push for an urgent response and demand accountability from the hospital’s administration. Hospital officials say screening and treatment have begun, while the Sindh Health Department has assured that additional anti-retroviral therapy (ART) centres are being established to manage rising caseloads. However, the source of the outbreak remains under investigation. Dr. Kanwal Mustafa, Additional Director for HIV/AIDS, said the department is pursuing a comprehensive strategy to contain the spread and ensure proper care for affected children. Residents have raised concerns over alleged unsafe medical practices at the hospital, including the reuse of syringes — a claim that, if confirmed, could point to serious lapses in infection control. Health experts note that structural issues such as poverty, low literacy rates, unregulated clinics and overreliance on injections continue to fuel vulnerability to HIV transmission in underserved communities. The inquiry is ongoing as authorities work to trace the cause and prevent further cases.

Canada's Barrick Gold Corp. is Exploring a Dramatic Overhaul, Considering Splitting into 2 Entities, Potential Sale of Reko Diq Under Consideration
World

Canada’s Barrick Gold Corp. is Exploring a Dramatic Overhaul, Considering Splitting into 2 Entities, Potential Sale of Reko Diq Under Consideration

TORONTO: Canada’s Barrick Gold Corp. is exploring a dramatic overhaul, with its board contemplating a breakup into two distinct companies—one anchored in stable North American operations and the other handling riskier assets in Africa and Asia—according to four sources close to the matter. This potential demerger could unwind key elements of the 2019 merger with Randgold Resources, jettisoning high-volatility holdings acquired under former CEO Mark Bristow.The strategy gained traction following interim CEO Mark Bristow’s recent pivot toward North American priorities, spotlighting the lucrative Nevada Gold Mines joint venture with Newmont Corp. and the promising Fourmile project, slated for test production in 2029. Sources indicate the split aims to unlock undervalued assets, shielding them from geopolitical headwinds that have plagued Barrick’s international portfolio. Investors, frustrated by the stock’s 52% five-year gain lagging peers like Agnico Eagle’s 142%, have long advocated for such a divide to capitalize on gold’s historic rally.Complicating the picture: Potential outright sales of African mines and Pakistan’s Reko Diq copper-gold project, once financing is locked in. In Mali, Barrick seeks to settle a bitter dispute with the military junta—triggering a $1 billion write-down and employee detentions—before offloading Loulo-Gounkoto, its former crown jewel. Other assets in the Democratic Republic of Congo, Tanzania, Papua New Guinea, and the Dominican Republic could follow suit.Barrick’s shares surged 3% on the Toronto Stock Exchange Friday, closing at C$25.45, buoyed by Jefferies’ ratings upgrade post-Hill’s comments. “There’s immense value in Nevada alone,” noted an anonymous investor, estimating it could rival top global gold firms if standalone. While Bristow dismissed speculation Monday, ongoing deliberations signal a shareholder-responsive era. As gold hovers near $2,700/oz, this restructuring could redefine Barrick’s 130% YTD surge, prioritizing resilience over sprawl in a volatile world.

Disney, YouTube TV Strike Multi-Year Deal, Restoring ABC and ESPN After 15-Day Blackout
World

Disney, YouTube TV Strike Multi-Year Deal, Restoring ABC and ESPN After 15-Day Blackout

In a relief for millions of cord-cutters, Walt Disney Co. and Alphabet Inc.’s YouTube TV announced a multi-year carriage agreement on November 14, 2025, swiftly restoring access to ESPN, ABC, Disney Channel, and other networks after a contentious 15-day blackout that disrupted NFL viewings and college football marathons. The impasse, sparked by expired licensing terms in late October, saw subscribers lose over 20 Disney channels, prompting a surge in customer service complaints and threats of cancellations.The new pact, details of which remain confidential, likely includes higher affiliate fees for Disney amid rising content costs, potentially hiking YouTube TV’s base plan from $82.99 monthly—though no immediate price bump was confirmed. Restoration began within hours, with full access expected by early next week. Industry analysts hail the resolution as a win for streaming stability, averting broader fallout in a market where live sports drive 40% of subscriptions. Disney, fresh off NBA rights deals, bolsters its linear TV revenue, while YouTube TV—boasting 8 million users—retains its edge over rivals like Hulu + Live TV.This deal underscores escalating tensions in media negotiations, as streamers demand value from premium sports amid ad revenue dips. For fans, it’s back to seamless Thursday Night Football; for execs, a blueprint for future pacts in a fragmented ecosystem.

Walmart
World

Walmart CEO Doug McMillon to Step Down After Transformative Decade, Furner Tapped as Successor

McMillon is on right. Furner (left) has served as President and CEO of Walmart U.S. since 2019, overseeing the company’s largest operating segment and its more than 4,600 stores (Walmart) In a surprise announcement that marks the end of an era for the world’s largest retailer, Walmart Inc. revealed that CEO Doug McMillon will retire in February 2026 after more than a decade steering the company through seismic shifts in retail. McMillon, who ascended to the top role in 2014, has overseen Walmart’s pivot to e-commerce dominance, aggressive investments in automation, and expansions into healthcare and advertising—propelling annual revenues past $650 billion. The move comes amid robust growth, with Q3 2025 earnings showing a 5.3% sales bump, fueled by grocery strength and Walmart+ membership surges.Board members elected John Furner, the 52-year-old president and CEO of Walmart U.S., as McMillon’s successor, effective Feb. 1, 2026. Furner, a 30-year company veteran who began as a teenager stocking shelves, brings deep operational savvy from leading the $420 billion U.S. division. Analysts praise the internal promotion for ensuring continuity in Walmart’s low-price strategy while navigating AI-driven supply chains and tariff threats. McMillon will advise the board through 2027, easing the transition.Shares dipped 1.2% post-announcement, reflecting investor jitters over leadership change, but experts see stability ahead. As Furner inherits a resilient giant, questions swirl on accelerating digital innovation to counter Amazon’s grip. Walmart’s saga underscores retail’s evolution: from big-box behemoth to omnichannel powerhouse.

Tim Cook
World

Apple is Looking for a New CEO, Accelerates Transition Amid Tim Cook’s Imminent Exit

In a pivotal move signaling the end of an era, Apple Inc. has ramped up its succession planning for longtime CEO Tim Cook, with reports indicating he could step down as early as next year. According to the Financial Times, the tech giant is meticulously preparing for this leadership shift to ensure seamless continuity in its innovation-driven empire. Cook, who succeeded Steve Jobs in 2011, has overseen Apple’s transformation into a trillion-dollar behemoth, navigating challenges from supply chain disruptions to antitrust scrutiny.The company is unlikely to announce a successor before its critical Q1 earnings report in late January 2026, which will encompass holiday sales data—a period vital for assessing iPhone demand and services growth. Insiders highlight the board’s focus on internal candidates to preserve Apple’s culture of secrecy and excellence. This proactive approach comes amid broader industry pressures, including AI competition from rivals like Google and regulatory hurdles in the EU and US.As Apple eyes a post-Cook future, investors remain optimistic, with shares holding steady. The transition underscores the company’s maturity, but questions linger: Can the next leader match Cook’s supply-chain wizardry and diplomatic prowess? For now, Apple’s ecosystem—bolstered by Vision Pro and potential AI integrations—stands resilient, poised for whatever comes next.

Punjab Halts Arms Licence Digitisation to Launch De-Weaponization Drive
Pakistan

Punjab Halts Arms Licence Digitisation to Launch De-Weaponization Drive

Lahore: The Punjab Home Department has immediately suspended revalidation and computerisation of manual arms licences provincewide, withdrawing its February 25 directive that offered a final digitisation window. A new circular to commissioners and judicial officials orders halting new applications, cancelling prior instructions, and compiling reports on applications received, booklets verified, and licences declared genuine or fake since February.The move clears the path for a sweeping de-weaponisation campaign targeting illicit arms. Launched under the Punjab Surrender of Illegal Arms Act 2025, a 15-day amnesty ended recently; post-amnesty, illegal possession carries up to 14 years imprisonment and Rs1–3 million fines. Districts must now submit seized-weapons data. Begun in 2016 via NADRA, the digitisation drive aimed to curb forgery but faced delays. Unverified manual licences risk permanent invalidation, leaving pending applicants in limbo. The government vows lasting peace through weapon eradication.

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