Business - 18

For the first time Pakistan’s foreign trade is expected to hit $33 billion mark in the current financial year. In comparison with financial year 2003-04 the foreign trade of the country in 2004-05 is likely to expand by 5.3 billion dollars. In 2003-04 the total foreign trade of Pakistan amounted to 27.91 billion dollars. Unprecedented [...]

These lessons are based on the experiences of a Texas firm that built its own call center facility in Islamabad, Pakistan. In early 2005, this Fort Worth company’s offshore facility became the first call center to make a profit in Pakistan. Touchstone saw that if they were to be successful, then they needed to create [...]

According to the company, two water desalination plants will be built in a coastal area of the city. Each will have the capacity to desalinate 25 million gallons daily seawater. Two power plants, each with 20MW capacity, will also be built at the site to run the desalination plants. The water desalination plants will be [...]

The Provital International Consortium, a Denmark-based entity, has negotiated with the local authorities to install a desalination plant coupled with a hybrid power plant in the coastal area of Kemari Town at an accumulative cost of 120 million euros, disclosed the consortium representative. According to him, the design incorporates the best within the possibilities to [...]

The Philadelphia Business Journal has named Dr. Raza Bokhari, President & CEO Lakewood Pathology Associates & Parkway Clinical Laboratories, as one of the recipients of the 15th Annual “40 Under 40″ award. This award recognizes the Philadelphia region’s most accomplished young professionals who are proven performers in both their industry and their community. Dr. Bokhari [...]

LOCAL group Maxcorp Development Sdn Bhd is leading a consortium of Malaysian companies to design, build and manage the RM3.2 billion Bahria Golf City at Murree Expressway in Islamabad, Pakistan. Backed by strong house purchasing power in Pakistan, project returns are expected to be between US$10 billion and US$12 billion (US1 = RM3.80). The project [...]

Overall improvement in the national economy of the country in last couple of years has given boost to per capita income (PCI) in Pakistan by $160 in the financial year 2003-04 over the preceding fiscal year 2002-03. In percentage the per capita income is up by 32.5 percent in the last fiscal year over the [...]

Zaiqa, 858 North Orleans, is a gritty, cafeteria-style Pakistani joint with character to spare. Zaiqa attracts the cab-driving crowd, which means all men, so if you go at the lunch rush it’s like stumbling into a Pakistani frat party. Lots of smoking and yelling. In the evening the lights get low, the music softens–well, it [...]

Umar Sheikh, 31, British-born, New York-trained and married to a woman from New Jersey, long dreamed of running his own restaurant. London was too expensive. New York was too risky. Karachi seemed just right. His gamble, in this restive port city better known for its religious radicals than its ravioli, has worked so far. Limoncello, [...]

Sixteen months into a cautious peace process between India and Pakistan, trade between the two nuclear powers is still an exercise in frustration and missed opportunities. Trade is improving, too, and is on course to rise more than 150 per cent in the financial year that ends this month to about US$500 million ($680 million), [...]