Business - 19

Indians might be beating Pakistan in cricket but on the bourses, Pakistani indices have stolen a march over Indian indices. Pakistan’s benchmark index, the Karachi Stock Exchange 100 (KSE100), has delivered 480% return since 2000, compared to 44% by the Sensex. A booming economy, economic reforms and a big push to the privatisation process has [...]

“We bought a few rugs from our native Pakistan, but, at the time, we weren’t too serious about it,” said Ayesha, who owned a Mexican/Italian restaurant in Pakistan before moving to New Mexico in 1999. Her husband, who came to the United States in 1979 and met his wife during his many trips to and [...]

Getting from Norway to Pakistan is not easy. You could just call, of course, but it might be more fun to drive. Telenor, the Oslo-based telecommunications company, decided to do both in introducing a cellphone service in Pakistan last week: To promote the occasion, it used a television commercial that looks more like a sped-up [...]

Team- A, plans to open a range of Mothercare stores in all major cities of Pakistan, including Karachi, Lahore, Islamabad, Faisalabad and Sailkot. The first store is scheduled to open in Karachi next month. The conducive investment atmosphere with changing political situation is providing level playing field to do the business in this part of [...]

The Foreign Direct Investment (FDI) in Pakistan’s Telecom sector has surpassed $1 billion mark during the last eight months of current financial year to clinch the second coveted position after oil and gas sector in this respect. Presently, five mobile companies, four foreign and one state-run, are in operation in the country, while even this [...]

When Haji Abdul Qudoos first arrived in Bahrain in 1959, he earned just BD60 a month working in a bank. Now he is an established businessman, who believes the key to his success has been a combination of hard work and a commitment to the community and charitable activities. Mr Qudoos was the first Pakistani [...]

Malaysia plans to recruit 100,000 male Pakistanis to relieve an acute labour shortage caused by a crackdown that sent hundreds of thousands of illegal workers fleeing, reports said. The government’s decision came amid fears that the labour crunch, which led to industry losses running into hundreds of millions of dollars, could further aggravate a slowdown [...]

Telenor won a Pakistani mobile network license in April 2004 with a bid of US$291 million (euro217 million), and plans to invest an estimated US$1 billion (euro750 million) through the next six to eight years in the country. The Norwegian company said its subsidiary, Telenor Pakistan, hopes to be able to provide cell phone coverage [...]

If one walks in streets of downtown Rawalpindi at night, he can easily spot two or three people sitting under the streetlight, calculating from which number the first prize or second prize starts in the next draw. Zero is the house of five, two is the house of seven, nine is the house of four. [...]

The Pakistani stock market broke the 10,000 barrier on Monday for the first time, cementing a 60 per cent gain in the KSE-100 index since the start of the year. The index closed at 9,998.05, up 4.1 per cent on the day, taking the increase for the month to 21 per cent. Its intraday peak [...]