Category archives for: Business

Economy is bad… Or is it really bad?

According to the market trends’ report released by the research firm, ComScore, there has been $32 billion already spent on the gift shopping through online forums from November 1 to December 18. This is hard to believe because the economy is still dwindling with a poor financial health. Despite the otherwise downhill ride of the […]

Government not interested in the import of LNG

Government not interested in the import of LNG The government of Pakistan move to import Liquefied Natural Gas (LNG) has received several hurdles, including the hike in international price of the product and the government’s own reluctance to kowtow to international practises by offering a sovereign guarantee to firms presently bidding to import the gas. […]

Research In Motion refused the offer from Amazon.com for a financial ‘help’ – Part 2

Maybe they have some eggs left in the basket but the way HTC and Apple are moving ahead in the mobile communications business and the way Samsung is giving the Americans and Taiwanese a hard time, it is unlikely RIM will be able to retain its customer base, US President being one of them, in […]

Research In Motion refused the offer from Amazon.com for a financial ‘help’ – Part 1

Research In Motion are in financial troubles of late and there is a possible acquisition expected in the near future by some experts. However, RIM itself is conducting business against all odds and is stubborn in solving the problems own its own, which is shocking. The Canadian company’s major-sale product is the Blackberry smartphone, which […]

Oracle fails to meet the financial targets set of Fiscal Second Quarter – Part 2

The company announced in addition that the board has approved of the repurchase of $5 Billion worth of common stock. Moreover, the company also mentioned that it has recruited around 1700 new employees in the first quarter of the fiscal year. CFO Safra Catz told the media in clearance of not achieving the target: Co-President […]

Oracle fails to meet the financial targets set of Fiscal Second Quarter – Part 1

Oracle Corporation is in the thick of troubles during the first fiscal quarter. Although the company showed profits in the fiscal second quarter of November, they were not up to the target set by the company. Moreover, the realistic estimation of profits set by Wall Street for profits of the company last month were also […]

Tesla announced the sedan version of its electric automobile, Tesla Model S – Part 2

The screen also has full control of the car’s interior, from wing-mirrors to Air/Con. The back side of the car is aerodynamic and has a sports-oriented shape of less resistance to the air friction. The side skirts are also a work of art to indulge the car into a more sporty form. Under the hood […]

Pakistan and India to ease on visa policy for businessmen

Pakistan and India to ease on visa policy for businessmen Shahid Malik, Pakistan’s High Commissioner to India, said on Tuesday, December 20 that a very liberal visa policy between the two countries is likely to be put in place very soon. Malik talking to Irfan Qaiser Sheikh, Lahore Chamber of Commerce and Industry (LCCI) President, […]

Apple noses out rest in the smartphone patent war

Apple noses out rest in the smartphone patent war The patent in question, ‘647, relates to technology that helps users clicking on phone numbers and other types of data in a document, such as an email, to either dial directly or click on the data to bring up more information. As it is widely used […]

OGRA proposes a ban on CNG use in transport vehicles

After a number of tragic accidents caused by the explosions of gas cylinders in CNG fitted public transport vehicles, the Oil and Gas Regulatory Authority (OGRA) has proposed to impose a ban on the use of compressed natural gas in public transports. The sanction has been proposed by OGRA after the failure to ensure the […]

CNG to banned in public transport – Pakistan oil and gas sector update

CNG to banned in public transport – Pakistan oil and gas sector update ISLAMABAD: After failing to secure the quality of equipment powered by natural gas, cylinders and accessories automotive, the oil and gas regulatory authority (OGRA) has recommended to prohibit the use of CNG in public transport. One of the most senior officials from […]

SNGPL thinking of suspending gas supply to CNG stations every day for a specific time period

SNGPL thinking of suspending gas supply to CNG stations every day for a specific time period Arif Hameed, Managing Director Sui Northern Gas Pipelines Limited (SNGPL) has said that the company is thinking of suspending gas supply to compressed natural gas (CNG) stations every day for a specific time period so that supply to residential […]

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