Business - 22

The huge share volume figure reflects that the market has pulled itself out from the state of uncertainty on the strength of all-round buying, leaving far behind the lean period when the single session volume has dropped to all-time low of 15.141m shares on Sept 3, 2001. The index finally finished around 7,508.80 points as [...]

TELEKOM Malaysia Bhd subsidiary TM International (L) Ltd has entered into a joint venture which will see the latter take a 78% stake in Multinet in a deal worth US$17.2mil. It will then inject a further US$11.7mil into Multinet, a provider of broadband and cable television services in Pakistan. In a statement to Bursa Malaysia, [...]

What city has the fastest growing stock market in the world? Karachi. What English language high school consistently tops out the Scholastic Aptitude Test (SAT) scores? Karachi Grammar School. What country has the fastest growing cell phone market? Pakistan. The statistics go on and on. Reading statistics is no substitute for seeing a place. So [...]

WITH the telecommunications sector in Pakistan remaining vastly untapped, Malaysia’s Dancom Group, which expanded here a decade ago, has set its sights on gaining a bigger share of the market. Dancom Holdings Bhd ventured into Pakistan in 1995 through its joint-venture company, Dancom Pakistan (Pvt) Ltd, with a 60% stake in the latter. With the [...]

IT’S A cool, breezy evening in Pakistan’s tree-lined capital city, and local womenfolk are busy shopping for Valentine’s Day gifts at a downtown shop. Located in the popular Jinnah market area in the city’s F-7 sector, the store is filled with Western-style ‘love offerings,’ such as teddy bears, heart-shaped candies, jewellery boxes, and giant greeting [...]

Representatives of 16 foreign companies surveyed the persistently Wind-swept area in Gharo, Thatta District, where the Alternative Energy Development Board (AEDB) has identified 19,700 acres of land for “wind farming”, and appeared satisfied with the site selection. The delegates of different windmill and turbine manufacturing companies, including Denmark-based Westas and the US-based Access Energy, surveyed [...]

Skyrocketing prices of roses – from Rs.12 to Rs.200 a dozen – have not dampened the enthusiasm of Lahore’s young as they prepare to celebrate Valentine’s Day Monday. This also reflects a new trend in otherwise conservative Pakistan. It’s not just rose prices that have shot through the roof. Cake shops, card shops and sweetmeat [...]

Pakistan has launched an aggressive effort to woo global corporations to farm out technology tasks with a view to creating hundreds of thousands of new jobs and rake in billions of dollars in foreign exchange. The country’s IT industry leaders say it has all the strong fundamentals that have turned India into an electronics housekeeper [...]

The European Union is the largest trading partner of Pakistan and the overall trade between the two is 5.1 billion euros. This was stated by Likka Uusitalo, ambassador of the European Union to Pakistan. The envoy pointed out that volume of trade for Pakistan if the export and import both are taken then the European [...]

They both will jointly utilise their expertise and technical know-how to design and construct a coal-washing plant at Lakhra in Sindh. The project activities will be initiated in March 2005. The plant will be the first of its kind in the country, being established in the private sector. The project will have a capital of [...]