Category archives for: Business

Livestock needs to be fed properly: Dr Iqrar Ahmad Khan

Livestock needs to be fed properly: Dr Iqrar Ahmad Khan Monday, May 14, 2012: Dr Iqrar Ahmad Khan, Vice Chancellor University of Agriculture Faisalabad (UAF), has revealed that Pakistan has an abundant live stock inventory, estimated to be 50 million animals; however, the average milk production is very low compared to other countries. Iqrar further […]

JP Morgan CEO Jamie Dimon relieves Ina Drew and Achilles Macris of their duties

JP Morgan Chase is one of the biggest investment banks and brokerage companies in the world. However, last week, the bank was on the verge of losing in the tune of $2 Billion in a trading loss. Though the catastrophe was evaded at the nick of time but the top management has not ignored the […]

Maintenance and operations of Gencos will not be outsourced any more: Pakistan Government

Maintenance and operations of Gencos will not be outsourced any more: Pakistan Government Saturday, May 12, 2012: The Government of Pakistan has made it clear that operations and maintenance of state-owned power generation companies (Gencos) will not be outsourced to private contractors, as was previously decided. The Government has also cancelled the possibility of privatisation […]

Nvidia revenue, outlook beat Street; shares jump

(Reuters) – Nvidia Corp’s quarterly revenue and outlook were ahead of low Wall Street estimates on better-than-expected sales of its latest graphics chips, sending its shares up 9 percent. The chipmaker reported strong demand for its newly launched chips for desktop computers and contract wins for its Tegra smartphone chips but said revenue and profit […]

Pakistan behind the scheduled completion of the IP gas pipeline

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Etihad Guest Announces Partnership With Avari Hotels International

Etihad Guest, the award winning loyalty programme of Etihad Airways has announced a new exciting partnership with Avari Hotels International, offering members a new way to earn Etihad Guest Miles. Under this agreement, guests who stay at any Avari hotel worldwide will be eligible to earn one Etihad Guest Mile for every USD spent. As […]

Pakistan Government to issues Rs70 billion TFCs

Pakistan Government to issues Rs70 billion TFCs Thursday, May 10, 2012: The Government of Pakistan is mulling over the option of issuing Rs70 billion TFCs (term finance certificates) in order to curb inter-corporate debt and tackle the power crisis. The government has decided to raise this amount from the reserves of Oil and Gas Development […]

Pakistan unable to export mangoes to United States and Japan

Pakistan unable to export mangoes to United States and Japan Wednesday, May 9, 2012: Pakistan may have to knock at some other door, as there are chances that the country won’t be able to export its mangoes to US and Japanese markets, two of the most lucrative markets for the product. Despite initiatives taken by […]

Government to invest Rs 36.91 billion on nuclear power

Government to invest Rs 36.91 billion on nuclear power Tuesday, May 8, 2012: Pakistan Government is considering an investment option, according to which Rs36.91 billion will be allocated to the development of nuclear power in the next financial year 2012-13 in a bid to start work on several new plants in the country. As per […]

WAPDA agrees to buy two tunnel boring machines for Neelum Jhelum Hydropower project

WAPDA agrees to buy two tunnel boring machines for Neelum Jhelum Hydropower project Monday, May 7, 2012: WAPDA (Water and Power Development Authority) has agreed to buy two tunnel boring machines for the Neelum Jhelum Hydropower project. In the original contract, which is being implemented by a Chinese company, there was no clause on Tunnel […]

HTC monthly sales show profitability in the month of March and April

HTC is back on the track of profitability, though not in the same manner as a year earlier but after a drought of several months, it is starting to boost sales. The sales results for the month of April are out and the Taiwanese company made sales of $1.06 billion which is 0.01 billion more […]

US to assist Pakistan in development of Agricultural sector

US to assist Pakistan in development of Agricultural sector Saturday, May 5, 2012: United States has agreed to help Pakistan and Afghanistan in the development of Agricultural sector. Trilateral relations among Pakistan, Afghanistan and the United States in the field of agriculture are expected to bring tangible results from efforts to develop the sector and […]

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