Business - 21

One of the distinguishing characteristics of any software firm is the choice of business models. NetSol has extended its market reach into nine countries. China and the U.K. are the newest locations. Their newest product is a “bank in a box” suite called inBanking that is being launched in a phased manner. It is built [...]

Vic Ahmed learned how to run a business at the school of hard-knocks: Lahore, Pakistan. The “serial entrepreneur” started his first company right out of college. Born into a family of lawyers, engineers and doctors, Ahmed grew up in a country the size of Texas that is populated with about 140 million people. Ahmed worked [...]

The inflow of foreign direct investment (FDI) has registered a 52% increase during the first seven months (July-January) of the current fiscal year over the same period of last year. Official figures released by Board of Investment here on February 22 showed that the inflow of FDI during the period under review reached US$515 million [...]

The Karachi Stock Exchange broke all previous records on Wednesday when dividend-driven buying euphoria was further intensified amid unprecedented price flare-up. It finally closed at 8,180.79 points as compared to previous 7,925.70 points, up 255.09 points, signalling that it may not be the end of speculative trading and bargain-hunting, which is dominating the market since [...]

Two motorcycles collide, Ben Hur style, spilling four lads out across the roadway, slick with gray water. They pick themselves up, brush off their clothes, pull fenders and other peripherals back into place, then speed away. Not one harsh word is exchanged. Nor is there a single helmet among the lot of them. Welcome to [...]

First ever Pakistani car is all set to roll out for commercial sale in the last week of March or first week of April this year with more than 70 per cent indigenised parts. Initially, it was driven from Karachi to Ormara in 43 degree Celsius, then from Karachi to Peshawar once via Lahore and [...]

Outsourcing business in the country through IT-enabled services has crossed over $10 million mark with rapid growth of call centres and operators are optimistic to touch $20 million figures by the fiscal end. Country’s IT industry made comeback last year – first time after 9/11 incident – when the software export touched $32.22 million, which [...]

Total car production increased by 23 percent during the first seven months of current fiscal year to 64,203 units as compared to 52,267 units during the same period last year. Whereas sales of cars recorded a surge of 26 percent to reach 65,803 units in July-January 2004-05 as compared to 52,302 units during the corresponding [...]

Fast-moving Pakistan has stolen a march on India in civil aviation by announcing the deployment of the world’s longest range commercial airplane, the Boeing 777-200LR Worldliner, which can fly non-stop from the United States to virtually any city in Asia. The plane was unveiled on Tuesday at the Boeing plant in Everett, Washington, before a [...]

Airblue has become the first private sector airline in Pakistan to start operation on socio-economic routes with commencement of Karachi-Nawabshah-Karachi flights from February 26. The Air Blue is also introducing Karachi-Quetta-Karachi route from February 28. With flights to these two destinations, the airline domestic network will stand expanded to six as it is already operating [...]