Category archives for: Business

PIA to face a nationwide strike

PIA to face a nationwide strike A decision has been made recently by the action committee of the employees unions of Pakistan International Airlines. The decision has been taken in the context of the constant downfall that the national airlines of the country has been experiencing for the past couple of years and the slackened […]

Pakistan to acquire two nuclear power plants from China

Pakistan to acquire two nuclear power plants from China Pakistan Atomic Energy Commission (PAEC) and China National Nuclear Corporation (CNNC) are likely to enter into a contract to carry out a joint venture, which would enable Pakistan to acquire two nuclear power plants, with a combined power creation capacity of 2,000 megawatts. The two power […]

Prime Minister Gilani urges Russian investors

Prime Minister of Pakistan, Sayed Yousuf Raza Gilani, invited the Russian investors to explore the available business opportunities in Pakistan. He was addressing to a dinner hosted in his honour by Ambassador Khalid Khattak and attended by members of the Pakistani community, businessmen and senior officials in Saint Petersburg, Russia, on Sunday. Gilani urged the […]

G20 Summit concludes reformation in strategy and financial help from governments

In the recent G20 summit held in Cannes, France, the Financial Stability Board has lined out a new plan to divert the recent debt crisis in Europe. The group issued a list of 29 Global financial institutions to reshape their strategies in order to overcome economic ordeal that looms over their head. These institutes include […]

Symbian Anna reenergises the Nokia Smartphone Range

Symbian Anna reenergises the Nokia Smartphone Range After the release of Apple’s iOS and Google’s Android, Nokia was caught between the battle for mobile phone supremacy and to be honest, the Finnish giant was losing the war and was nearly ousted from the market until they made a few adjustments. With the release of their […]

Government turns down PIA’s bailout package

The government of Pakistan has rejected the bailout package worth Rs. 20 billion requested by the Pakistan International Airlines (PIA) to help out the national carrier from its financial crisis. Amidst severe financial crisis, a bailout package was asked by PIA last month, which was eventually turned down on Thursday, on the basis that the […]

Starbucks’ ace up their sleeves: Michelle Gass

There is always a wizard in every multi-billion dollar company who doubles the money with the magic of his ideology but for Starbucks it is a woman named Michelle Gass, who has the capability of reshaping a falling product in a billion dollar brand. She did it with Frappuccino in 1996 by turning the failing […]

PTCL fined Rs. 82 million by PTA

PTCL fined Rs. 82 million by PTA Pakistan Telecommunication Company Limited (PTCL) has been heavily fined with Rs. 82.496 million by the Pakistan Telecommunication Authority (PTA) for unauthorised use of extra radio frequency spectrum. PTCL was send a notice from PTA, ordering the company to pay the fine for unauthorised usage of frequency spectrum within […]

Oil prices drop more than $3 a barrel – World oil and sas sector update

Oil prices drop more than $3 a barrel – world oil and gas sector update Pakistan: Oil prices were seen falling more than $3 per barrel on Tuesday after a decision by Greece to call a referendum over its debt bailout threw the euro zone into crisis and as data showed global economic activity was […]

KSE-100 Index: Daily Overview – November 3

The KSE-100 index, after closing in the negative zone on Wednesday, November 2, gained 61 points on Thursday, November 3 to close at 11,807 points, surpassing the 11,800 mark for the first time this month. Volumes remained low throughout the trading session, locking in 61.487 million shares during the day. 70% of OGDC’s free float […]

Federal Reserve Bank replies to the Republican’s letter

Since the Obama administration took over the House of Presidency, The White House, government has been fiddling with US economy with so-called innovative and unconventional methods. Although it was not the Obama regime that brought the US economy to its knees, the War on Terror and investment banking’s love affair with real estate and derivatives-driven […]

Gas management plane on the offering, as severe shortage about to strike in winter

With many regions of the country already suffering from shortage of gas, the government is working out  a gas management plan for the winter season. With increasing demand of gas on domestic and industrial level in winter, the government is thinking of devising a plan to distribute gas among all provinces according to their required […]

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