Pakistan’s forex reserves witness marginal improvement Karachi: (Thursday, February 02, 2012) In the week ending on January 27, Pakistan’s foreign exchange reserves witnessed a marginal improvement as from $ 16.80 billion in the previous week; they have reached to $ 16.87 billion, reported State Bank of Pakistan today. Lately, the highest level forex reserves maintained […]
Feb 2 2012 | Posted in
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Federal Board of Revenue unable to meet its target in January Wednesday, February 1, 2012: Federal Board of Revenue (FBR) tax collection for the month of January falls short of its target. According to commendable sources, the tax collecting institute needed to collect Rs140 billion for January, however, it was only able to accumulate somewhere […]
Feb 2 2012 | Posted in
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EU duty waiver for Pakistan gets approval from WTO Geneva: (Wednesday, February 01, 2012) The World Trade Organization has approved European Union’s decision to waive off duties on 75 exportable items from Pakistan today. The EU has taken the decision to extend help for Pakistan in recovering from massive floods rendered the country inundated in […]
Feb 1 2012 | Posted in
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The world is no doubt facing the worst global warming conditions in the history of this the planet and one major factor involved in this aggravation is the pollution. However, worst opprobrium in this regard is always directed at automotive industry. California-based California Air Resources Board (CARB) has mandated a new regulation for the automakers […]
Feb 1 2012 | Posted in
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After a long wait of almost a year since the first rumour sprung at the Pablo Alto, California head quarters, Facebook is planning to file for the Initial Public Offering at Securities and Exchange Commission on Thursday, February 02 or Friday, February 03. The filing will initiate the process of the social network’s net worth […]
Feb 1 2012 | Posted in
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Goldman Sachs is trying to pull some strings on the basis of its former relation with Facebook. The company led the private offering of Facebook but that relation frayed in the past few months. But the investment bank is trying to sway the top management at Facebook for a preference over other competitors. The reason […]
Feb 1 2012 | Posted in
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One of the major reasons for Starbucks remarkable success was that it capitalised on the concept that was new and no one ever thought of that before, “The Coffee house as a get-together place”. It is not a place to just stop by, grab a cup of coffee and carry on with your routine work. […]
Jan 31 2012 | Posted in
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It is amazing how a little assistance can help you in grooming your business. A few tips from some of the most successful business giants are hence discussed as under. Starbucks is one of the most leading and successful companies today. It has developed from a single coffee shop to a $4.1 billion international […]
Jan 31 2012 | Posted in
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Hascol Petroleum Limited penned down a contract with Systems Limited for the implementation of Oracle’s JD Edwards EnterpriseOne Enterprise Resource Planning software. Both companies came down to agreeable terms last week for the implementation of the ERP at the offices of Hascol. The software specializes in Financial and Supply Chain management and efficiently automates the […]
Jan 31 2012 | Posted in
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Facebook is planning to initiate the filing for their firs Initial Public Offering this year. The Securities and Exchange Commission will be taking the social network’s financial statements under consideration. So far the vitals of getting into the stock market are strong for Facebook. The reputation is good although Mark Zuckerberg and company has been […]
Jan 31 2012 | Posted in
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Facebook has “revenues,” not profits, of $4.3 billion. If the company becomes valued at $100 billion, and had zero expenses, it would take you 23 years to get your money back. Of course, there are expenses, which means that profits are a lot less, last year around $1 billion. So, at a valuation of $100 […]
Jan 31 2012 | Posted in
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Textile industry shifts to Bangladesh to seek more profit Monday, January 30, 2012: The Textile Minister, Makhdoom Shahabuddin, has divulged that the textile industry in Pakistan is shifting to Bangladesh to seek more profit. The Minister turned down that claims that industries were reallocating themselves to Bangladesh because of the shortfall of electricity and gas […]