Category archives for: Business

Malaysia Airlines ceases its operations in Pakistan

Malaysia Airlines ceases its operations in Pakistan Tuesday, January 10, 2012: Malaysia Airlines has packed up their bags and bid adieu to its operations in Pakistan. Malaysia Airlines is exhibiting a significant route rationalisation exercise as part of its Business Plan, which they had already divulged to the Government of Pakistan back in December 2011. […]

Poultry products become costly as winter engulfs the country

First winter rain hit most parts of Punjab and upper Sindh last week and an immediate decline in the prices of farm products was observed in most parts of the province. However, the increasing winter cold has pushed up the prices of poultry products significantly since the last week. Drastically low temperature all over the […]

Failure to implement Gas allocation plan in 2005 led to current short-fall

Failure to implement Gas allocation plan in 2005 led to current short-fall Islamabad (Monday, January 9, 2012): A commendable source familiar with government policies has revealed that Pakistani government had a plan to gas allocation in 2005 but did they were least bothered about its implementation resulting in the current crisis in the energy sector. […]

East Asian economy shows a downward trend due to the decreasing European demand – Part 1

East Asian market is in the midst of the economic ordeal that has devoured the whole world of late. The European Sovereign Debt situation has aggravated the already aching global economy that is still living through the aftermaths of 2008 financial crisis. The East Asian countries were hit severely by the calamity, as their exports […]

East Asian economy shows a downward trend due to the decreasing European demand – Part 2

Thailand, one of the promising economies in the Pacific, was struck brutally by the Monsoon floods during the latter half of 2011. The adversity took its toll on factories and countless equipment. The mechanized industry is getting back on its feet but the lack of exports to Europe still keeps the downward trend unchanged. Same […]

Prices rise for Honda cars

With the country trapped in a situation of hyper inflation, car manufacturers have also raised the prices of their vehicles at the start of the current year. One of the largest car assemblers in Pakistan, Honda Atlas Cars Pakistan Limited (HACPL), has raised the prices of the different models of cars by Rs. 20,000-30,000 for […]

Toyota: The Sticky Pedals issue Part 2

Special measures were ensured all across the globe as Managing Director, Toyota Great Britain talks about the safety and security of customers as top priority. He briefed that, “the authorities are being informed about the issue who has given them with names and addresses of the owners till time and customers will soon be receiving […]

Toyota: The Sticky Pedals issue Part 1

Toyota has a history of 70 years and has earned a good reputation amongst the automobile industry over the past few decades. In early 1950’s Toyota was about to be bankrupted and also faced labour dispute but somehow managed to get out of the problems to continue the journey it had in mind. It was […]

Industries in Punjab promised for perked up supply of natural gas shortly

With multiple sectors industrial sectors and domestic user in Punjab suffering from a limited supply of gas, the Ministry of Petroleum has assured that the delivery of gas will improve shortly. Dr. Asim Hussian, Minister of petroleum, made a commitment on Friday to reinforce the prior schedule of gas suspension of just two days a […]

Samsung register record profits

Samsung ended the last quarter with revenues of 3,500 million Euros, special thanks to record sales of their smartphones. Their earnings represent a 22% increase over their performance in the third quarter. The South Korean company sold 35 million phones in the quarter, up 25% over the corresponding period. For the first time, Apple’s worldwide […]

The US government should learn from Chinese excise and taxation system – Part 1

The year 2011 was a mercurial one in the US stock exchanges; perhaps the country is still living through the aftermaths of the 2008 financial crisis and 2009 economic meltdown. However, since coming into power, the US president, Barack Obama has done little to the remedy of situation. According to a recent survey by a […]

The US government should learn from Chinese excise and taxation system – Part 2

Moreover, the excise duty on imported luxury items like vehicles, watches and even pens has been increased alongside taxes on big houses. The reason for such a remodelling is that the elite can still afford luxury despite the increased prices of such commodities. The proof of this was evident in a latest research that showed […]

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