Category archives for: Business

KSE-100 Index: Daily Overview – November 2

Stability returned to the KSE-100 index as it survived pressure across the board to close at 11,746 points, shedding only 17 points on Wednesday, November 2. Volumes continued to plunge, dropping down to 63.86 million after clocking the 84.4 million mark of Tuesday, November 1. There was no major attraction for investors today, the only […]

Federal Minister wants the Government to get rid of Pakistan Steel Mills

The Federal Minister for Production, Chaudhry Anwar Ali Cheema, gave a blatant statement on Tuesday, citing that the Pakistan Steel Mills (PSM) is nothing more than a burden on the economy of the country and the government better get rid of it rather than keep suffering from this loss-making entity going. The minister believes that […]

Wateen Telecom is all set to launch new line of products and services

Wateen Telecom is all set to introduce its new corporate identity with the vision arranged out by its new management team, who is now launching some different and new line of products/services in the country. The key idea behind the new visual identity of Wateen represents ‘Freedom,’ supported by unlimited possibilities to connect, share, exchange […]

KSE-100 Index: Daily Overview – November 1

Failing to hold on to the bullish trend, the KSE-100 Index dropped 106 points to close at 11,763 points on Tuesday, November 1. Volumes dropped below the 100 million mark yet again with 84.4 million shares being traded in the first session of November. After gaining more than 550 points in the last two sessions, […]

Honda Motors face logistics problems due to monsoon floods in Thailand

After last year’s Earthquake and Tsunami, Honda Motor Company, Ltd. are struck with another catastrophe that might hinder its annual production of cars especially the most anticipated new 2012 model, Honda CR-V in the US and Canada. The company is facing shortage of components at its Japanese manufacturing plants due to the Monsoon flooding in […]

Titular price cut for petrol, while diesel prices remain the same

After the fall of oil prices all over the world, the Government of Pakistan has reduced the prices of petrol by merely Rs.1.54 per litre, bringing it down to Rs. 87.41, while the price for diesel remained unchanged at Rs. 94.15 per litre for the month of November. It has been decided by the government […]

KSE-100 Index: Daily Overview – October 31

The KSE-100 index, after closing positively on Friday, October 28, gained 307 points on Monday, October 31 to close at 11,869 points, 161 more than where it started in October. Volumes remained low throughout the last week, but crossed the 100 million mark in the first session of this week, primarily due to buying in […]

Snail farming the new phenomenon in Bulgari

Bulgarian farmers have found a new revenue stream in the current economic conditions. The agricultural land holders are shifting towards snail farming to meet costs of business and are reaping benefits from the extra cash they are making. It is a business that is silently booming and has untapped potential. Grown in this part of […]

Pakistan is NOT poor!

Pakistan is NOT poor! Pakistan’s top ten richest men are: 1.       Mian Muhammad Mansha Mr. Mansha has 40 companies registered to his name and own Muslim Commercial Bank of Pakistan. His business’s worth at the moment is $2.5 billion and is increasing at an increasing rate. 2.       Asif Ali Zardari Our president owns around a […]

Saab finalizes a 100 Million-Euro deal with Chinese companies Pang Da and Zhejiang Youngman Lotus

Swedish car manufacturers, Saab Automobile AB, more commonly known as SAAB, have announced that the Chinese Automobile giants Pang Da Automobile Trade Co., Ltd and Zhejiang Youngman Lotus Automobile have agreed to purchase the company assets, liabilities and equities for 100 Million Euros. The process of the acquisition has started and is expected to complete […]

Bailout package for Nandipur Power Project finally cleared by Gilani

Prime Minister of Pakistan, Sayed Yousuf Raza Gilani, has finally cleared the bailout package for restoring the Rs. 29 billion Nandipur Thermal Power Project, whose abandoned machinery has been rusting at the Karachi port for the past 18 months. The 425 megawatt project has been badly victimised by the legal bickering of the law ministry […]

Samsung overhauls Apples in smartphone sales during the third quarter of 2011

Strategy Analytics have released on Friday, October 28 that Samsung Inc. has surpassed the sales record in the third quarter of 2011, leaving behind its rivals in smartphone technology, Apple Inc., by reaching up to the total 27.8 million smartphone shipments which makes 24% of smartphone market. Meanwhile, Apple has made a total of 17.1 million […]

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