Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Federal Government agrees to exchange power sectors liabilities worth Rs151 billion Monday, February 20, 2012: The Federal Government of Pakistan has finalised a loan swap deal with commercial banks of the country, in which the government has agreed to exchange power sectors liabilities worth Rs151 billion. The deal will ease some pressure off from the […]
The realty business is starting to take big strides in the US and one of main contenders to make big bucks by entering the corporate world is Empire State Realty Trust, which owns the largest building in New York, the Empire State Building. However, there are certain constraints by which they have to live. First […]
Many of these trusts hold international properties and stakes scattered across the United States. Together, Empire State Realty manages 7.7 million square feet of space, including 5.8 million in Manhattan. 79.9% of its New York space is currently leased. The trust also has the option to acquire two more Manhattan properties, adding another 1.4 million […]
In 2006, the Malkins assumed day to day control of the Empire State Building and embarked on a $500 million renovation, which will continue past the public offering. The trust expects the Empire State Building makeover to “substantially” finish by 2016, after a further investment of $55 to $65 million funded by cash flow and […]
Russia wants Pakistan to award Gazprom the pipeline-laying contract without bidding Friday, February 17, 2012: Despite fierce opposition from United States of America, Pakistan has decided to go forth with Pak-Iran gas pipeline project. Russia, however, seems to be in favour of the project and has asked Pakistan to award Gazprom – Russian based energy […]
KESC seeks Government support in implementation of new plan Thursday, February 17, 2012: KESC (Karachi Electric Supply Company) has devised a strategy to eliminate load shedding from Pakistan and also reduce power tariff. But the company seeks support from Pakistani government in implementation of its plan. KESC wants government to make sure that there are […]
Iraq offers Pakistan Oil on long term payment facility Wednesday, February 16, 2012: Dr Asim Hussain, Special Assistant to Prime Minister, during a press conference revealed that Iraq has put forth a proposal to Pakistan. In the proposal, Iraq will lend Pakistan furnace oil with the facility of long term payment. Hussain further revealed that […]
India wants to write a new chapter in the history of its relations with Pakistan, says Anand Sharma Tuesday, February 14, 2012: Indian Minister for Commerce, Industry and Textile Anand Sharma, said that India is extending its arm towards Pakistan and wants to write a new chapter in the history of its relations. The Minister […]
Oracle Coalfields to invest $610 million in Thar Coal Monday, February 13, 2012: Oracle Coalfields, a firm having its roots in United Kingdom, is looking to invest over $610 million in Thar Coal. The firm is planning to develop an open pit coal mine in Tharparkar District of Sindh. The initial development work on the […]
In January, China imported 413,964 tons of copper, up 13.6% from the same month in 2011. The increase is even more impressive when you correct for the Lunar New Year. Due to the holiday, there were four fewer working days in China last month as compared to January 2011. Copper imports, in any event, exceeded […]
Beijing racked up the outsized surplus because imports plummeted in January. They were off 15.3% year-to-year and 22.4% month-to-month. The size of these declines especially surprised China watchers. The official Xinhua News Agency said trade “slumped” in January. Obviously, the early Lunar New Year had some adverse effect on the numbers, and analysts are continuing […]
Interest rate unchanged at 12 percent for February and March Saturday, February 11, 2012: State Bank of Pakistan (SBP) has decided to maintain the interest rate for the month of February and March. The interest rate will remain at 12 percent during the aforementioned months. The decision of not bringing any change in the interest […]
