Business - 12

Pakistan has become a leading country in Asia and the third largest user of CNG in the world after Argentina and Brazil. About 700,000 vehicles have been converted to Compressed Natural Gas (CNG) in the country by March 2005 as compared to 450,000 vehicles during the same period last year, showing an increase of 56 [...]

The world’s second-fastest growing economy after China is no longer India. It’s Pakistan. Now that Pakistan is within striking distance of China’s growth, it aims to catch up. The growth target for the next fiscal year, as set out in the nation’s annual budget yesterday, is as much as 8 percent, the same as Beijing’s [...]

A recent study by Pakistan Software Export Board clearly establishes the important role of expatriate entrepreneurship in the development of the software industry in Pakistan, in particular, and developing countries, in general. The study found a clear, positive correlation between ventures that had foreign-based founders (generally, expatriate Pakistanis) and their success and growth over the [...]

Pakistan’s economy during the current financial year has shown impressive growth of 8.4 percent, the fastest pace in two decades, according to Pakistan Economic Survey 2004-2005, released on Saturday. This is much higher than the original target of 6.6 percent and 6.4 percent last year. Economic Survey, a pre-budget document, shows that the Gross National [...]

M S Group of Industries has introduced a new electric bike for the first time in Pakistan. The new bike has rechargeable battery and can cover about 40-km to 50-km distance once the battery is charged. It is environment friendly and has the capacity of two persons. It is being manufactured on a par with [...]

Pakistan Institute of Nuclear Science and Technology (PINSTECH), a premier institute of Pakistan Atomic Energy Commission, has developed a new technology to fabricate the fuel cell indigenously, taking lead in the development of fuel cell technology in Pakistan. In order to bring about reduction in unwanted greenhouse gases from vehicular emissions, experiments to run the [...]

The joint venture will operate general takaful business, offering a wide range of products targeting both corporate and retail businesses, especially through two initial takaful products in motor and marine… The family takaful business would be launched later in view of the huge growth potential offered by Pakistan’s population of 150 million.

In Pakistan, Motorola has established itself as a supplier of state-of-the-art communications technology equipment, enabling people to communicate much easier. Offerings comprise mobile phones, network infrastructure ( wireline and wireless ), two-way radio communications equipment for public safety organizations and broadband communications products. The company’s history in Pakistan goes back eleven years. Motorola was a [...]

The site chosen for the purpose is the 125-year old Tollington Market on The Mall in Lahore, which has seen many ups and downs in its life. Till recently, and for as long as one remembers, it was a fruit, fish, and vegetable market, but then the Punjab Government decided to restore its original function [...]

A Pakistani boy who came with nothing becomes the Mayor in England. The prospects of a new life in Britain were hardly inviting for young Afzal Khan when he arrived, aged 12 and with no grasp of English, to face the limitations of life in a two-up, two-down terrace in rural Lancashire. His parents had [...]