Business - 11

G-Hanz Germany Chief Executive Officer (CEO) U K Ghosh has said Synergy Corporation Pvt limited, in collaboration with their German partners G-Hanz, have planned to invest Rs 350 million for the manufacturing of plasma television sets in Pakistan. “The group had been the first in the country for coming up locally in assembling vacuum tube [...]

Pakistan’s National Committee for the World Summit Award announces the launch of nation wide WSA Pakistan competition to recognize and award the best e-Content practices in Pakistan … first of its kind in the country, which emphasizes the importance of Content in bridging the digital divide. The main aim and purpose of organizing this competition [...]

Spadework has started to bring up a new city, to be named as ‘New Dubai’ along the Northern Bypass, to make one of the world’s most modern cities. This city will be separate from Karachi and the North (Balochistan) – it will have four towns – China Town, Maktoum Town, Mahatir Town and Faisal Town [...]

Pakistan is planning to introduce low noise, low emission environment friendly four-stroke CNG powered rickshaws initially in the country’s largest city Karachi and later on across Pakistan. ‘In the first phase, about 3,000 CNG rickshaws will be introduced in city.” Tempo Bajaj Group is operating CNG rickshaws and buses in Delhi. ‘About 75% of air [...]

Kashi, The ancient city in Xinjiang province on the Old Silk Road yesterday established a border trade market with Pakistan to facilitate business activities between the two sides. The market, covering an area of 1,700 square metres, is located on the Hunqrap Pass near the China-Pakistan border. In partnership with Pakistan, the border trade market [...]

Hycarbex American Energy Inc (Hycarbex Inc), operator of Yasin Block No 2768-7, has made a significant gas discovery just 9 km from Shikarpur in Sindh. Haseeb Well No 1 was drilled to a depth of 1507 metres and, as a result of testing, substantial quality of gas flowed from Sui Main Limestone formation of Eocene [...]

A distillery in Pakistan is canvassing suggestions for a name for the Islamic country’s first 18-year-old single malt whisky. Staff at the Murree brewery and distillery in Rawalpindi insist the spirit will be “very smooth and very palatable”. “We already produce malts that are three, eight and 12 years old, and are confident that this [...]

The Indus Valley is arguably the world’s foremost area for growing dates. Cultivation from this region is traced as far back as the 6th century B.C. Indus Valley date is rich in vitamins, minerals and carbohydrates, plus it has no cholesterol or fat. It could very well be earth’s perfect food.” The new alliance provides [...]

The activation charges of mobile phone connections in Pakistan have been reduced from Rs1,000 to Rs500 per connection, beginning with the new fiscal year, which starts on July 1. However, a 15 per cent excise duty has been imposed on actual transaction value of payphone cards and prepaid calling cards. ‘The proposed measure would not [...]

Impak is meant to be more than an internship. It will also provide workshops and prominent speakers, and allow interns to experience the natural and historical aspects of Pakistan through group trips to Lahore and the Northern Areas. Participants will write journals which will be posted on the group’s website. The Pilot Programme based in [...]