Category archives for: Business

CNG Association continues its strike against gas shortage

After the failure of dialogues with the government authorities, the ALL Pakistan CNG Association (APCNGA) has decided to carry on its strike against the gas shortage until their demands are met. Chairman APCNGS, Ghiyas Paracha, asserted in a press conference on Monday that the government better announce one day CNG load shedding till February or […]

Need to find solution for Gas shortage otherwise Pakistan’s energy system would collapse reckons Petroleum Minister

Need to find solution for Gas shortage otherwise Pakistan’s energy system would collapse reckons Petroleum Minister Monday, January 2, 2012: Asim Hussain, Petroleum Minister has urged the people of Pakistan to face Gas shortage collectively otherwise the countries energy system would collapse. Hussain also said that Goverment should take rapid steps to find solution for […]

Gas shortage compels the closure of textile units

Despite of country wide protests, the government of Pakistan has still not come up with a substantial plan for the distribution of natural gas to industrial and domestic users. Textile is just one of many industrial sectors which are facing grave losses due to insufficient supply of gas and the All Pakistan Textile Mills Association […]

Petrol prices rose once again

Crisis-stricken people of Pakistan greeted the New Year with another rise in the petrol prices from Oil and Gas Regulatory Authority (OGRA) on Sunday morning. Price of petrol has been increased by Rs1.65 to Rs89.54 per litre and that of high octane blending component (HOBC) by Rs5.13 to Rs111.91 per litre for January 2012. Despite […]

Android phones for your home

Archos, a French Smartphone manufacturer has announced they will release an Android phone that can be used only at home or in offices as a landline. The new device in fact does not even have a sim card slot. The device is called a Smart Home Phone and has a 3.5 inch touch screen, wifi […]

Pakistan and China go forward with $130 million power project

Pakistan and China go forward with $130 million power project Friday, December 30: Pakistan and China have taken their friendship to next level, as the two countries agreed for the construction of first green power project of 50megawatts to be completed by next summer with an estimated cost of $130 million. The ceremony of Three […]

Amazon sells a million Kindle units in Christmas week

Amazon has managed to sell a million units of Kindle Fire in the week leading to Christmas. The tablet device was the most desired product during the holiday season, which also saw sales of electronic books skyrocket. Despite the good sales figures reported by the U.S. e-Commerce giant, analysts were not convinced: it has been […]

Governor SBP claims CSA will prop up bilateral trade

Governor of the State Bank of Pakistan, Yaseen Anwar, has claimed that the recently made Currency Swap Arrangements (CSA) will promote the bilateral trade and foreign investment portfolio between the involved countries. Pakistan has made CSA with China last week and with Turkey in November to encourage the bilateral trade in the region. The CSA […]

No gas for industries in Punjab until further order: SNGPL

No gas for industries in Punjab until further order: SNGPL Thursday, December 29: Sui Northern Gas Pipelines Limited (SNGPL) has ordered gas suspension for all industries of Punjab until any further order. According to a notification issued by the company, the verdict was passed in order to provide the gas to its domestic consumers. According […]

Forex reserves jumps to $ 16.77bn; State Bank of Pakistan

Forex reserves jumps to $ 16.77bn; State Bank of Pakistan Islamabad: (Thursday, December 29, 2011) at a time when good news about country’s economy has become least expected, the State Bank of Pakistan (SBP) revealed today that in the week ending on Dec 23, country’s foreign exchange reserves, which stood at $ 16.66bn in the […]

Currency swap agreements will less help to release pressure on Pak Rupee

Recently made Currency Swap Arrangements (CSA) with China and Turkey will certainly help improve bilateral trade and foreign investment activities in the countries but will not help to ease out the pressure on Pak Rupee. These agreements will not cause a dent in the demand for dollars and that is the reason why the country’s […]

Entrepreneurship promotion on cards; KPK govt. launches laon scheme for artisans

Entrepreneurship promotion on cards; KPK govt. launches laon scheme for artisans Pehawar:  (Wednesday, December 28, 2011) Considering it a step towards promoting entrepreneurship and self employment, the Khyber Pakhtunkhwa government has launched small loan scheme for the artisans affiliated with traditional art and culture. Initially, the pool money of RS 150 million has been set […]

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