Category archives for: Business

After Liberty Gate, Pakistan, India opens Trade-Gate at Wagah Border

In an apparent bid to enhance bilateral ties between the neighboring countries, Pakistan and India on Friday opened Trade-Gate at Wagah Border. Giving positive response, India not only permitted Foreign Direct Investment (FDI) from Pakistan but also inaugurated a second Integrated Check Post (ICP) on the border at Attari. Indian Commerce Minister Anand Sharma after […]

Pakistani investors likely to get chance of investment in India

In a bid to show a good will gesture, India has decided to permit direct foreign investment from Pakistan. Ahead of opening a trading post on the border in the latest sign of thawing economic relationships, Anand Sharma, the Indian trade minister claimed that they were mulling to allow Pakistani investors in India. While addressing […]

PPL seeks approval of ECC to investment $100 million in Iraq

PPL seeks approval of ECC to investment $100 million in Iraq Wednesday, April 11, 2012: Pakistan Petroleum Limited (PPL) has shown interest to invest $100 million in Iraq in a joint venture with a Chinese firm; however, the company and the Ministry of Petroleum and Natural Resources is seeking the approval of the Economic Coordination […]

Government has no plans on imposing new taxes assures Abdul Hafeez Shaikh

Government has no plans on imposing new taxes assures Abdul Hafeez Shaikh Tuesday, April 10, 2012: Abdul Hafeez Shaikh, Finance Minister, has  assured that the reigning Government of Pakistan has no plans to impose new taxes in the upcoming budget and will work to increase its revenue by amending the corrupt system and by adding […]

Farmers urge Sindh government to launch an inquiry

Farmers urge Sindh government to launch an inquiry Monday, April 9, 2012: Farmers in Sindh have asked the provincial government to induct an inquiry, as to why there has been a delay in the procurement of wheat. The farmers are forced to sell their product in open market because of the negligence on part of […]

Balochistan government to pay for the damages if the international court rules in favour of TCC

Balochistan government to pay for the damages if the international court rules in favour of TCC Saturday, April 7, 2012: Reko Diq gold and copper mining project continues to remain the bone of contention between TCC and Balochistan government. In a recent occurrence, the Balochistan has been left alone by central Government, who held that […]

SNGPL expects profits to exceed target by Rs280 million

SNGPL expects profits to exceed target by Rs280 million Friday, April 6, 2012: Sui Northern Gas Pipelines (SNGPL) has expected to make Rs280 million more than its financial projections in the next financial year. For the very reason, gas providers have asked the regulator to decrease gas prices for consumers as they estimate to make […]

France to extend its co-operation towards Pakistan

France to extend its co-operation towards Pakistan Thursday, April 5, 2012: Philippe Thiebaud, French Ambassador to Pakistan, has assured his Pakistani counterpart that France will extend its hand towards Pakistan. France will not only provide financial and technical assistance to Pakistan to overcome its energy crisis, but Pakistan-France Joint Commission for Economic Cooperation was established […]

Wrong perception about unreliability halting the progress of Solar Panels

Wrong perception about unreliability halting the progress of Solar Panels Wednesday, April 4, 2012: Experts believe that wrong perception about the unreliability of technology is halting the progress of Solar Panels in Pakistan. General public are led to believe that the technology runs the risk of developing faults. The likelihood of their batteries running down […]

Engro Powergen may pull out of $3 billion coal mining

Engro Powergen may pull out of $3 billion coal mining Tuesday, April 3, 2012: Engro Powergen, a subsidiary of Engro Corporation, is considering pulling out of its joint venture with the Sindh government for a $3 billion coal mining and power generation project after the government has failed to meet certain commitments. As per the […]

CNG dealers threatens to go on strike unless the petroleum ministry retract the price hike

CNG dealers threatens to go on strike unless the petroleum ministry retract the price hike Monday, April 2, 2012: Compressed natural gas (CNG) dealers all across Pakistan have threatened to go on an indefinite strike unless the petroleum ministry retract the price hike that it has set at start of this month. CNG dealers are […]

Ben Bernanke makes an impact at the stock of Wall Street through his speech

Ben Bernanke makes an impact at the stock of Wall Street through his speech Wall Street opens in a crucial week as positive, positive closing the American market would suggest the best first quarter in 14 years. However, last week the Dow Jones and S & P 500 fell on weekly terms. Only the Nasdaq […]

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