Category archives for: Business

Harold Simmons remains the most successful billionaire in 2011

Harold Simmons remains, to date, the undisputed most successful billionaire of 2011. It’s either him at the end of this year or someone else who can increase his or her stock worth to 170 percent in the next 18 days. Simmons was worth around $5 Billion at the start of 2011 and during the first […]

Amazon targeted by the US Senate to collect sales tax on online sales

The battle between click and brick-and-mortar systems is getting fiercer by the day. This nippy fight has now included the tax collection into the equation following a scandal that flooded the internet last weekend. According to reports, Amazon.com offered a 5 to 10 percent discount to its customers, who entered the correct price—on Amazon’s smartphone […]

Islamic micro financing not taken seriously in Pakistan says, Ahmed Shuja Kidwai

Islamic micro financing not taken seriously in Pakistan says, Ahmed Shuja Kidwai Ahmed Shuja Kidwai, the Chief Operating Officer of Al Baraka Bank, said that the extraordinary potential in the country, financial institutions in Pakistan are still not taking Islamic micro financing seriously. Speaking about the situation of this up-and-coming sector in the country, he […]

The Cabinet rejects gas load management programme proposed by Ministry of Petroleum

The Cabinet rejects gas load management programme proposed by Ministry of Petroleum On Thursday, December 8 the Cabinet rejected the gas load management programme proposed by Ministry of Petroleum. As per the proposed programme, load shedding will be exhibited in Punjab and Sindh while Khyber-Pakhtunkhwa (K-P) and Baluchistan are to be excluded on account of […]

Gas load management plan overturned by PM Gillani

The decision of the Economic Coordination Committee for the curtailment of gas supply to fertilizer plants was overturned by Prime Minister Yousuf Raza Gillani to add another feather to the list of such lapses.   The ECC approved a gas load management for November, 2011, but the Premier was quick to overturn this decision after […]

Panasonic returns to European mobile market

After leaving the European market for mobile telephony, the Japanese manufacturer Panasonic has announced their return. In 2012, Panasonic will enter the European market with models equipped with Android operating system.  So far, they have not provided many details about the product, whose commercial name is also unknown. Panasonic made this decision after facing a […]

Howard Buffett will succeed Warren Buffett at Berkshire Hathaway

Warren Buffett announced on Sunday, December 12, that he will be succeeded by his son Howard Graham Buffett to overlook Berkshire Hathaway values in the capacity of a non-executive chairman, an unpaid position. The announcement not only came as a surprise to Americans but also to Howard or Howie, as he is known in the […]

The Sunday market trend is revitalizing

Leaving from the office after working for straight nine hours I could not imagine that a traffic jam would refresh me to an extent that it would be almost as if I have just jumped out of the bed!! The buzzing of the crowd outside the Sunday market that can also be easily located in […]

Enforced differentiation, is it?

Stagnating the market with look a likes and me too products cannot really be classified as innovation or can it be? We are taught that even if its skimmed milk that is being offered then it has gone through research and development that has effectively made it different from let’s say cream milk. Using this […]

Warren Buffett announces his succession plan at Berkshire Hathaway empire

Warren Buffett revealed his succession plan in an interview that will be aired on US national television this weekend. According to Berkshire Hathaway CEO and Executive Chairman, his son Howard Buffett will keep the legacy of the Buffett family running after his death. However, this is not a royal transfer of inheritance; Buffett Sr.’s son […]

PIA sinks further; losses exceed Rs. 100 billion

National flag carrier of the country, Pakistan International Airlines (PIA), keeps bleeding heavy losses for the current fiscal year. The accumulative losses for the company have reached a staggering Rs. 100 billion as the airlines keeps sinking towards a point of no return. In a meeting of the National Assembly Standing Committee on Defence, held […]

Brokers decline two-year tenure for KSE directors’ office

In an extra-ordinary meeting called on by Karachi Stock Exchange (KSE) on Thursday, the stock brokers have unanimously agreed to reject the proposal of raising the term in office of the directors on the board of the bourse to two years. The KSE directors are currently having a one-year term at the office and a […]

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