PSO half-yearly profits takes a plunge Friday, February 10, 2012: PSO (Pakistan State Oil) half-yearly profits for the fiscal year, July 2011- June 2012, took a plunge. This fall in half-yearly profits took the market by surprise as the market expected much higher returns than those revealed by PSO. The company also failed to declare […]
Feb 11 2012 | Posted in
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Indian Minister for commerce, Industry and textile to visit Pakistan on Feb 13 New Delhi: (Friday, February 10, 2012) Indian Minister for commerce, industry and textile, Anand Sharma, along with an 80-member large contingent of businessmen is expected to arrive Pakistan on a three-day visit on February 13. This is for the first time in […]
Pakistan has capacity to export Rice worth $ 4 billion claims BGA President Thursday, February 9, 2012: The President of Basmati Growers Association (BGA), Hamid Malhi, claimed that Pakistan has tremendous capacity to expand rice production. The president warned that if proper measures are taken the total output can be increased drastically and the assets […]
Feb 10 2012 | Posted in
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Pakistan and Iran to go forth with the Gas pipeline project despite pressure from US Tuesday, February 7, 2012: Pakistan and Iran have given green signal to go forth with the Gas pipeline project despite the immense pressure being applied by the United States of America. US has been demanding Pakistan to put the project […]
Feb 8 2012 | Posted in
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Pakistan |
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Facebook is on the verge of going pubic this summer. The new name, Facebook, Inc., will certainly help the company in getting to the dazzling heights with extra cash worth around $5 Billion. On the other hand the social network also has other tricks up its sleeve to compete not only on internet but also […]
Feb 7 2012 | Posted in
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Over the years China has become an economic super-power and the main reason has been its forte in production, and cheap production in particular. In the last one decade the country has snatched the production from the US and has provided the world with the same commodities on comparatively cheaper rates. Due to the fact the US […]
Feb 7 2012 | Posted in
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Zynga’s rally fizzled Wednesday, and if you’d listened to Sterne Agee’s Arvind Bhatia, it never would have happened at all. Bhatia began to question the business model behind the world’s biggest social-games creator even before its public debut last December. Zynga then spent much of January below its IPO price, but now enjoys an average […]
Feb 7 2012 | Posted in
Business |
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Bhatia will look at Zynga’s daily traffic, too, which was down some 6% in December and up just 2.8% for the year, according to Appdata.com, which tracks Facebook applications’ traffic. If Zynga fails to bring in new users—people possibly more willing to pay—it must turn existing users into payers. Bhatia doubts Zynga could do that […]
Feb 7 2012 | Posted in
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Widening fiscal deficit and slow growth; IMF sees Pak economy vulnerable to internal and external shocks Washington: (Monday, February 06, 2012) expressing concerns over Pakistan’s slow economic growth and the increasing fiscal deficit, the International Monetary Fund has said that the country’s economy was at a high risk to remain vulnerable to internal and external […]
Feb 6 2012 | Posted in
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Microsoft Corporation’s mobile operating software, Windows Phone 7, has the potential of going places. It is flamboyant and light weight at the same time. It requires less-expensive hardware, single-core processors at tops and RAM in MBs. Therefore, the overall expense of handset has a medium effect on the wallet at best. However, the market is […]
Feb 6 2012 | Posted in
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Sci-Tech |
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The next generation of Windows Phones will be on the drawing board now, and while the end user experience of the current handsets is appreciated, with Android pushing multi-core and big numbers on the spec sheet, the hardware for Windows Phone will need to follow. The argument that it doesn’t matter to the end user […]
Feb 6 2012 | Posted in
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Sci-Tech |
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With Facebook now in registration for an initial public offering, the question is top of mind for investors in technology stocks. Facebook generated $3.7 billion in revenue in 2011, and a cool $1 billion in net income. If the conventional wisdom is right, and Facebook goes public with a $100 billion market cap, that makes […]
Feb 6 2012 | Posted in
Business |
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