Category archives for: Business

Facebook extending its operations in New York

Launched from his Harvard University dormitory room, Mark Zucherberg in his wildest dreams would not have thought, his brainchild “Facebook” will go on to dominate internet world in coming years and make him the youngest billionaire in the history. Started off just as “Harvard Thing”, Zucherberg first extended it to other prominent universities in U.S […]

Google goes one step ahead on Amazon

Google goes one step ahead on Amazon Some recent reports have confirmed that Web software giant Google is preparing to introduce a fresh delivery service to many worldwide partner retailers to transport goods to its customers in even low flat rate than Amazon’s fee. Later, the Wall Street Journal also confirmed this new Google’s service, […]

Lack of competitive environment is link with poor performance of public sector, Says Minister for Finance

Lack of competitive environment is link with poor performance of public sector, Says Minister for Finance     Minister for Finance Economic Affairs, Dr Hafeez Shiekh has blamed the poor performance of public sector which is causing Pakistan with lack of competitive environment across the masses. He was present at a meeting where he spoke boldly […]

HP CEO Meg Whitman admits, "Apple" will beat her company in sales next year

Steve Jobs is not between us anymore, however his genius will keep him alive until the end of this world. His company “Apple” is one of the strongest firms of the world. And with time, it is going to get only stronger. Products like iPhone, iPads, Mac book changed the landscape of technology and that […]

Microsoft unlikely to buy out Research In Motion (RIM)

Microsoft Corporation has been linked to Research In Motion’s (RIM) purchase of late but according to a research conducted by Nomura software analyst, Rick Sherlund, the acquisition is unlikely to happen. RIM, famous for their smartphone Blackberry, are out for a bid on their stocks enlisted at New York Stock Exchange and NASDAQ. It was […]

Pakistan Steel Mills to receive a bailout package of Rs6 billion

Pakistan Steel Mills to receive a bailout package of Rs6 billion Pakistan Steel Mills (PSM) is on verge of an impending shutdown and is in dire need of money injection to continue its functioning. To ensure the Mill continue working, the Economic Coordination Committee (ECC) has approved a bailout package of Rs6 billion for PSM. […]

Warren Buffett purchases his native newspaper Omaha World-Herald

Warren Buffett has again been seen shopping this week. The world’s second richest person recently bought one more company to his personal portfolio. The newest enterprise, now under his leadership, is newspaper giant, Omaha World-Herald. The Omaha’s Oracle seems to have a change of mind in recent years. Earlier this month, Buffett purchased a huge […]

Spotify opens up to third-party applications

Swedish service for streaming music online, Spotify, has opened their doors for fashionable third-party applications. Chief Executive, Daniel Ek, announced this afternoon in New York that a new platform has been setup that will integrate third party applications to make the service more complete. Any developer can create programs to integrate with Spotify and will […]

The Outrageous and Unjustified Car Prices in Pakistan -Part 3

The Outrageous and Unjustified Car Prices in Pakistan -Part 3 Last time, we talked about how outrageously the Suzuki Mehran was priced with Pak-Suzuki making at least Rs.200, 000 in unjustified profits on each model as compared to the model offered by Maruti Suzuki in India. While the Cultus is not offered in India and […]

Liquefied Petroleum Gas prices hike by Rs1, 144 per ton

Liquefied Petroleum Gas prices hike by Rs1, 144 per ton Abdul Hadi Khan, Chairman All Pakistan Liquefied Petroleum Gas (LPG) Distributors Association, revealed on Wednesday that LPG prices have been hiked by Rs1, 144 per ton due to raise in its import price which in international market has risen by $13 and now rests at […]

Monetary Policy: No change in Discount Rate

The State Bank of Pakistan announced its monetary policy today, but did not change the discount rate, keeping it unchanged at 12-percent. This was largely expected due to talks of rupee getting depriciated and rising inflation. Earlier, the State Bank of Pakistan, in an unexpected move on Saturday, October 8, slashed the discount rate by […]

The Key to economic growth lies with an expanding middle class

The Key to economic growth lies with an expanding middle class ISLAMABAD: (30 November 2011) “Countries with larger proportion of middle class have achieved exceptional economic growth despite the recent global recession in  national economies throughout the world" said Dr. Vaqar Ahmed, Head, Inclusive Growth Unit, Sustainable Development Policy Institute (SDPI) here on Wednesday. He […]

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