Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Federal Cabinet approves budget proposals Islamabad: (Friday, June 01, 2012) The Federal Cabinet has approved the proposals for the annual Federal Budget for the fiscal year 2012-2013. The total volume of the budget is Rs3.11 trillion. Prime Minister Yousuf Raza Gilani, who chaired the cabinet meeting for budget discussion, signed the budget document after it […]
Pakistan loses Rs380 billion every year due to power crisis Thursday, May 31, 2012: Pakistan loses around 2%, or Rs380 billion, of GDP (Gross Domestic Product) every year due to the prevailing power crisis in the country. According to the to the Economic Survey 2011-12, the cost of subsidies given to the power sector during […]
Petroleum Prices down; Govt. finally decides to give relief to the people Islamabad: (Thursday, May 31, 2012) In order to show a good gesture just ahead of the federal budget, the government has decided to bring the oil prices down significantly. Although this decline in prices has been mainly attributed to the decrease in petroleum […]
Government increases atomic energy commission budget to Rs39.2 billion Wednesday, May 30, 2012: The Government of Pakistan has decided to increase the budget of atomic energy commission by 78% to Rs39.2 billion in the upcoming financial year, starting from July 2012, in a bid to up the ante on nuclear power plants for cheaper electricity. […]
Oil prices dip as news about Spain bailout hit the market Singapore: (Wednesday, May 30, 2012) Oil prices in the Asian markets observed a declining trend as the news about debt ridden Spain going for a bail out roiled. The oil prices came under pressure as the euro plummeted amid many of the union’s partner […]
The company is expecting operating losses in the first fiscal quarter, says CEO Thorsten Heins The beleaguering smartphone manufacturer, Research in Motion, froze the trade of its shares at Nasdaq on Tuesday. The trading however, started again after a fifteen minute interval. In a statement CEO Thorsten Heins released to explain the action taken, he […]
Starbucks Coffee has been running a twisted road and the very tarmac that the company paved the road with is giving it the bumps. Yes, it is their own concept of Starbucks being the ‘Third Place’ is giving them a hard time in managing the foot traffic and accommodating them in the closed and limited […]
It is not a new concept though. There have been many places in the past that have been a man’s third place, a coffee shop, a bar, a billiard club or a deli for that matter. What Starbucks did was dwell on the deficiency of a centralized and systematic organization of such third places. Free […]
“Changing the business model from third places to speed lane stops will not change the underlying human psychological need,” said Suzanne Roff, PhD, an industrial psychologist. “The value added to a cup of Starbucks coffee is the safe, unhurried comfortable environment that is not home or the workplace. This has become its brand identification.” If Starbucks […]
Local fertiliser demand drops to lowest ever after influx of foreign fertiliser Tuesday, May 29, 2012: The demand for local fertilisers has reached a record low after the huge supply of cheap foreign fertiliser in the market. This gap has resulted in huge unsold inventory level for local fertilisers in the month of April. Unsold […]
Economic Survey 2011-2012: None of govt.’s economic targets achieved Islamabad: (Tuesday, May 29, 2012) Economic Survey of Pakistan 2011-2012 revealed that none of the economic targets set by the PPP led coalition government could be achieved. The survey will officially be released by the ministry of finance on May 31. Before its release, a copy […]
Unpaid income tax dues: FBR freezes PTA Accounts Islamabad: (Tuesday, May 29, 2012) In a bid to achieve its otherwise over ambitious revenue collection, the Federal Bureau of Revenue (FBR) has started to make frantic efforts. In this regards, it has decided to not to give further relaxation to the institutions that have been witnessing […]
