Malay Chamber of Commerce Malaysia (DPMM) has urged Malaysian entrepreneurs and businessmen to explore what it sees as “vast investment opportunities” in the surgical instruments, textile and leather sectors in Pakistan. “The chamber foresees a huge investment potential in Pakistan for Malaysian entrepreneurs to be explored in some sectors such as textiles, surgical instruments […]
Oct 22 2012 | Posted in
Business |
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In response to what have been characterized as steadily improving inflation figures, the State Bank of Pakistan has cut its benchmark interest rate from 10.5% to 10%. The SBP earlier in August had reduced the interest rate by 150 basis points amid an improved inflation projection for 2012-13 and for encouraging private investment. The move […]
Oct 6 2012 | Posted in
Business,
Pakistan |
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Equinix announced that by 2015 it plans to become an real estate investment trust, or REIT. The company provides square foot areas to large corporate entities for data centres used in cloud computing. Its shares soared 7.5 percent on Thursday to near the all-time high after the news. The company has been in the fast […]
Sep 15 2012 | Posted in
Business |
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Europe’s economic woes still loom over the heads of the masses. Unemployment rates are soaring and industry after industry is tumbling. Telecommunication sector is no exception to the premise and Euro regulators are not helping the cause. One of the most viable options that telecom companies have for finding a way out of the oblivion […]
The technology sector growth is slow and that is not news. It is more congruous to the overall global economy instead of working as a separate unit. One thing that is in the boom is market search and Gartner, the largest technology market research firm is on the fast track. After releasing the quarterly report […]
Sep 8 2012 | Posted in
Business |
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Islamabad: Amid the POL’s rising prices in the international oil markets, the Government of Pakistan, on advice of the Ministry of finance, decides to transfer 50 per cent of the price difference to the customers. In this regard, the advisor to the Prime Minister on petroleum, Dr. Asim Hussain has already sent a summary to […]
Aug 31 2012 | Posted in
Business,
Pakistan |
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The growing criticism over the restriction on the usage of cellphones and other mobile devices like tablets during airplane takeoffs and landings has forced authorities to revise the procedure. Federal Aviation Administration has authorized a research group to gather data on whether it is compulsory to turn off cellphones and tablets during flights. The research […]
Aug 28 2012 | Posted in
Business,
Sci-Tech |
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Urging the international community for giving market access to Pakistan, President Asif Ali Zardari has said that it was time for it to help those countries most adversely impacted by the war on terror. In his view, preferential treatment and greater market access for Pakistani products would help the country in establishing its economy. While […]
Aug 28 2012 | Posted in
Business,
Pakistan |
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Semi-conductor chip market is at a three-year low in sales and its production is expected to decline in the coming weeks, probably years due to the decrease in PC demand all over the world. Research firm IHS stated Friday that the production is expected to decrease 0.1 percent this year due to the aggravating global […]
Aug 25 2012 | Posted in
Business,
Sci-Tech |
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Ben Bernanke and group might at last be in a mood for a fiscal stimulus after all as the minutes of July 31 and August 1 meeting were released to the public on Wednesday. Experts are of the opinion that a financial stimulus might be in order in the near future, however, there are concerns […]
Aug 24 2012 | Posted in
Business |
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Famed over the internet for their grandeur and replica of a seemingly accurate Sicilian style veranda, me and a couple of friends decided to sample the delicacies at Islamabad’s latest trendsetter – Tuscany Courtyard. Spurred on by the positive reviews we read, Iftari with a sumptuous dinner was our plan as we headed to F-7, […]
Karachi: (Thursday, August 16, 2012) Pakistan’s foreign exchange reserves, according to the State Bank of Pakistan, stood at $ 15,298.4 million on week ending on August 10, 2012. According to the details, foreign reserves held by SBP were $ 10,825.2 million and net foreign reserves held by commercial banks were $ 4,473.2 million.
Aug 17 2012 | Posted in
Business,
Pakistan |
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