Business - 28

Pakistan is organising the first ever mega event to showcase Pakistani products for global markets from February 2-5 in Karachi. The Expo Pakistan-2005 will be the largest-ever international commercial event in Pakistan with the goal to exhibit products of five to six hundred exporters of Pakistani goods and services. Over one thousand exporters, importers, investors, [...]

The vision is lofty – to make domestic cricket a popular spectator sport in Pakistan. Plenty of right noises were made at the press conference: mission statements, re-branding, and consumer-reaction models were bandied about with the same liberal abandon Pakistani bowlers display towards no-balls. Regional teams have been renamed – Peshawar become the Panthers, Hyderabad [...]

The Karachi Stock Exchange (KSE) has recorded its largest single day gain, surging 3.5% to a new high. The index rose 225.79 points in four hours of furious trading, with many investors optimistic that political stability could bring an economic boom. The KSE index closed at 6709.93 – an overall gain of nearly 400 points [...]

Mian Mohammad Mansha, Pakistan’s wealthiest textile industrialist, considers himself well-prepared for the challenges ahead after the abolition of the global textile quota system this month. The end of the global quota system on January 1, under which the US and the European Union restricted textile imports according to their country of origin, promises to have [...]

Among the registered companies at the end of calendar year 2004, there were 2,816 public companies, 40,930 private companies, 190 single member companies, 283 associations not for profit, 54 companies limited by guarantee, 167 trade organizations, 583 foreign companies and five companies with unlimited liabilities. There were new registrations of 233 companies with the SECP [...]

MOL Hungarian Oil and Gas Company announced Monday that it has made a new (second) discovery of oil and gas in the Tal Block, located in the Northern Western Frontier Province of Pakistan. Exploration activity already resulted in a discovery (Manzalai-1 well) in December 2002, and following the first discovery, the consortium decided to continue [...]

The Banker Magazine of London, a subsidiary of Financial Times has declared Dr. Ishrat Husain as Central Bank Governor of the year for Asia. This is for the first time in the history of Pakistan that any Governor of State Bank has won this prestigious award. The Banker has honoured Dr. Ishrat “for his leadership [...]

Germany and UAE will invest $3 billion in hydel power generation and production of Mercedes Benz cars and trucks in Pakistan. Out of the total amount, about $2 billion would be invested in hydel power generation, while the rest would be invested in automobile sector to set up production plant for Mercedes Benz cars and [...]

Tracking World (Pvt) Ltd, a provider of location-based and fleet Telematics services in Pakistan, and WebTech Wireless Inc., have entered into an exclusive partnership to deliver WebTech’s fleet Telematics products and monthly subscriber services to a market that represents CDN$15 million in potential fleet Telematics services annually.

After bus diplomacy, it is bonding time for B-schools across the border. And with a cricketing icon of the subcontinent throwing his weight behind the initiative, the endeavour can only pick up pace. To explore Pakistan beyond the campus, the team trooped into the famed Food Street and Anarkali of Lahore and visited some historical [...]