Business - 10

Chinese dentists have been a part of Karachi’s landscape much before the inception of Pakistan itself. Immigrants from China settled in Karachi, set up dental clinics and made a name for themselves, particularly among the low-income, residents of the city. These Chinese immigrants came to Karachi sometime in the 1940s after having traveled the length [...]

Food, not ambience, is the focus at Lasani, though there are red kilims — traditional woven rugs on the walls, and a few pieces of handicraft decorating the place. Jilani, a graduate in business management from the University of Los Angeles in the US, intends to provide ‘quality Mughlai food, superb taste and good service’. [...]

Pakistan is rich in minerals and offers: Ruby, emerald, tourmaline, garnet (pyrope, almandine, rhodolite, demantoid, spessartite, and hessonite), topaz, peridot, aquamarine, spinel, pargasite, diopside, moonstone, serpentine jade, epidote, pink beryl (morganite), purple beryl, sphene, zoisite, lapis lazuli, turquoise, kunzite and almost all known varieties of quartz. One encouraging sign is that efforts are underway to [...]

The sale of mineral water has registered on average 200 percent annual growth in the past five years in Pakistan, where the middle class is also in a rush to join the corporate style of living which still provides 60 percent revenue to water selling companies and encourages them to maximise commercialisation of drinking water. [...]

Pakistan is scrambling to cope with a dramatic increase in demand for cars that has driven waiting periods for new buyers to as long as five months. From today the government is to slash import duties on used cars, with returning Pakistani expatriates benefitting from a reduction in duty of up to 48 per cent [...]

The Pakistani manufacturers of auto parts and accessories have fared well in Automechanika Gulf as they offered up to 33 per cent less prices compared to their competitors. The Pakistani exhibitors have hoped to fetch big orders running into millions of dollars as the follow-up of the event concluded in Dubai recently. Automechanika Gulf is [...]

Eye Television Network Limited, that has launched HUM TV as its Satellite TV channel, is all set to make its Initial Public Offering (IPO) on Monday and Tuesday (June 27-28). The company launched its formal operations on January 17, 2005. The sponsors admit that although the company is new, it is backed by celebrities like [...]

Multinet Pakistan of Telekom Malaysia on June 24 announced the launch of its project ‘Ittehad’ – a 4,500 km national fibre optic backbone that will link some 77 cities of Pakistan, according to a statement. The project, which is expected to be completed in fourteen months time, will bring in $100 million of investment and [...]

It is environment-friendly, cheap and the best alternative to expensive air conditioner the Pakistani layman can afford – the straw cooler from Lahore. It might not be useful during the moisture-laden monsoon days, but can surely give the much needed respite from the scorching heat and a good night’s sleep in the months preceding the [...]

The foreign direct investment in Pakistan crossed $1 billion mark during the first 11 months of the current fiscal year, showing an increase of 14 per cent over the same period last year. Financial business emerged as the leading sector to attract direct investment from abroad with $214 million, followed by oil and gas $189.6 [...]