Business - 20

Meet the millionaire. No, this isn’t a reference to some corrupt politician or government officer. If you’ve driven through Shahrae Faisal in Karachi or gone through the daily newspapers recently, you must have already seen her, a call centre agent, complete with beaming smile and stylish headset. Comparatively, Pakistan appears as a weak blip on [...]

Prince Al-Waleed bin Talal bin Abdul Aziz Al-Saud, Forbes magazine’s fifth richest man, on Monday announced that his company would build three world-class hotels, possibly in Islamabad, Lahore and Karachi. He said this while addressing a joint press conference with Prime Minister Shaukat Aziz. The chairman of the Kingdom Holding Company has assets worth $23.7 [...]

Two new cellular mobile licensees are set to launch their service, further intensifying the on-going price competition while concurrently accelerating growth in the market size. Telenor would launch its cellular company from March 15, while Warid is planning to start its service next month. With 6 operators, most having deep pockets, the cellular mobile market [...]

PAKSAT International is responsible for selling the bandwidth on Pakistan’s first communication satellite PAKSAT-1 which is located at 38 degrees East Longitude. PAKSAT-1, which provides transponder bandwidth in the C and Ku-band is currently supporting quite a few Pakistani satellite TV channels. PAKSAT International has also started marketing activities in Africa & Middle East regions [...]

Total trade between the two countries stood at $380.79 million, up from $154.95 million in April-November, 2003-04, he said. Indian exports to Pakistan jumped from $110.48 million in April-November, 2003-04, to $314.54 million in the current fiscal. Imports from Pakistan also rose from $44.47 million to $66.25 million in April-November this fiscal. “The commodities where [...]

Pakistani financial organization United Bank Limited has chosen XLS software from Welcome Real-time to power its newly launched credit card, the first Visa chip credit card in Pakistan and South Asia. The new UBL chip credit card will be a payment card embedded with a microchip. The embedded chip will store encrypted customer information and [...]

The advent of a London-style restaurant serving local food reflects the growing prosperity of Pakistan’s urban middle and upper classes, as well as a more cosmopolitan outlook brought partly by returning Pakistani emigres. More and more glass-fronted mobile phone shops and smart restaurants are popping up amid the grime and bustle of the country’s big [...]

A new telecom operator – Redtone Pakistan – on Friday announced provision of services at 50 per cent less than the existing market rates, following the launch of its operations in the country from April this year. Initially, the company plans to introduce services for corporate customers while services for the general consumers would be [...]

The event would be a major source of inspiration to the architects, engineers, designers, contractors, financiers, housewives, professionals and all related to the field as well as general public. Techobuild has established its name as the biggest and most prestigious exhibition on architecture, construction, interiors, gardens, household and home comforts.

The latest wave of pop music has swept the city’s young off their feet and the sale of musical instruments, especially guitars, has risen sharply, indicated a Daily Times survey. Alam A Alam, a guitar shop owner in Liberty Market, said that the people demanded guitars which they had seen celebrities play in videos. ‘The [...]