Increasing Receivables will lead to fuel shortage: PSO warns The Pakistan State Oil (PSO) has informed that the amount of receivables have reached to Rs179 billion, which is due to the non-payment of the power sector and specifically PIA. The increasing amount of receivables will ultimately affect the supply chain, which will lead to the […]
Nov 26 2011 | Posted in
Business |
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If Karachi is gone, Pakistan is gone! Karachi is a city that contains everything anyone can imagine. It is the industrial hub of the nation with almost all businesses central setups at I.I Chandigarh Road. It contains Asia’s 7th top best Business Institute named Institute of Business Administration (IBA). It contains the best racing and […]
World renowned economists have crying since the rise of the US crisis in 2008 that Europe might see similar scenario in debts due to massive barrowing and unprotected lending in both short-term and long-term loans. Now that this avalanche is upon the European economy, the European Central Bank is turning every stone to find the […]
Nov 26 2011 | Posted in
Business |
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Liquidity constraints for PSO; threats to cut down fuel supply Pakistan State Oil (PSO) has threatened to all of its defaulting customers to immediately repay the outstanding dues otherwise any further supply of fuel will be cut down until the payment. The petroleum supplier issued a strict statement on Friday to stop fuel supply to […]
Nov 26 2011 | Posted in
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Iraq has abundant opportunities for investment claims Dr Rushdi Al-Ani Dr Rushdi Al-Ani, Iraq’s Ambassador to Pakistan, has tempted Pakistani businessmen to instigate investment in Iraq as there are abundant investment and business opportunities available in the oil-rich country. On Friday, November 26, the Ambassador attended a congregation at the Lahore Chamber of Commerce and […]
Nov 25 2011 | Posted in
Business,
Pakistan |
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United Arab Emirates (UAE) will conduct the first ever largest single country exhibition at the Expo Centre in Karachi from 30th November to 2nd December. The trade fair is expected to be participated by over 70 officials and businessmen from various sectors. UAE consul general Suhail bin Matar Al-Ketbi told the news reporters on Thursday […]
Nov 25 2011 | Posted in
Business |
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The Black Friday is right around the corner and people are getting ready to make haste for the stores to avail the best discounts and sales over the weekend. However, not only conventional roofed stores are offering discounts but online stores are also making efforts in increasing customer traffic. Amazon.com is not only world largest […]
Nov 25 2011 | Posted in
Business |
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Raja Parvez Ashraf’s attorney Waseem Sajjad requests for additional time to prepare his submissions as Judges pose tough questions Waseem Sajjad, counsel for former minister for water and power Raja Parvez Ashraf, found himself in no man’s land when Pakistan Supreme Court’s top judges put forward some tough questions. Sajjad, seeing that his arguments are […]
Nov 24 2011 | Posted in
Business,
Pakistan |
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The competition of economies between China and the USA has taken another turn. In a recent research conducted by Strategy Analytics, both countries rule rest of the world in smartphone business. However, there is a neck-and-neck competition between the two in terms of shipments and sales/profits. According to the survey, China wins the race of […]
Nov 24 2011 | Posted in
Business,
USA |
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Alibaba.com Q3 profitgoes up the roof with 11.9 percent increase The listed unit of Alibaba Group operates an e-commerce website that links Chinese businesses looking to sell their goods to overseas buyers. Alibaba Group, founded by billionaire Jack Ma, is 40 percent owned by Yahoo Inc. Alibaba.com’s exposure to international markets makes its turnover sensitive […]
Nov 24 2011 | Posted in
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Opprobrium has erupted in Facebook’s direction since the rumours of their Initial Public Offering (IPO) went airborne six weeks ago. The company has well surpassed Security and Exchange Commission’s (SEC) set threshold private ownership of shareholders. Therefore the company is bound to make their financial reports public by the time they initiate the filing process […]
Nov 24 2011 | Posted in
Business |
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Yousaf Raza Gilani shows his consent with implementation of 3G Yousaf Raza Gilani, Prime Minister of Pakistan, has shown his consent with the implementation of 3G policy in the country and has and directed the Cabinet Committee to bring the policy to the Cabinet so that it gets final approval. The Prime Minister was in […]
Nov 23 2011 | Posted in
Business,
Pakistan |
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