Pakistani news for the rest of us

Business - 30

IBA to Introduce 3 New Masters Programmes

The Institute of Business Administration (IBA), Karachi, will introduce three master’s level programmes from the new session, commencing in 2005. An IBA official said that the new MS programme is being introduced in Computer Science/Information Technology, Accounting, Marketing and Economics. Each programme of two-year duration is planned for which 50 admissions will be offered on [...]

Continue reading »

Islamabad Trader Cashes in on IT Boom

I was born in Rawalpindi. After getting my FSc certificate, I could not continue education any more. There was not any specific reason for discontinuation of my studies. But, it happened and this I cannot explain. We together started this business and with Allah’s blessings our decision proved to be a good one keeping in [...]

Continue reading »

Karachi Magnetic Train Project Signed with Chinese Firm

The proposed project, commonly known as ‘Corridor No 1′, envisages introduction of a magnetic train on 17.5 kilometre double and single elevated tracks to be laid between Sohrab Goth and Tower. The CDGK had earlier signed a preliminary implementation agreement with a Chinese firm, China National Machinery and Equipment Group (CNMEG), following an agreement signed [...]

Continue reading »

Pakistan, China Set to Establish Free Trade Zone

China and Pakistan are poised to widen the silk road between them by building a free trade area (FTA). For Pakistanis, it is mainly a “cotton road.” Currently, 70 per cent of Pakistani exports to China are cotton yarn and cotton fabric. However, the country is also keen to promote its other products ranging from [...]

Continue reading »

PIA to Sell Tickets Online from January

Pakistan International Airlines (PIA) has announced to start e-ticketing facility and has thus became the first airline of the country providing the facility. Using this facility, now tickets can be booked at PIA’ s website through credit cards also. Talking to a private TV channel, PIA Chairman Ahmed Saeed on Saturday said PIA would start [...]

Continue reading »

Fresh Foreign Currency Deposits Reach $3 Billion

At the end of November 2004, all local and foreign banks working in Pakistan had $3 billion fresh foreign currency deposits i.e. those generated afresh after the freezing of $11 billion deposits in May 1998 when the country had gone nuclear. Data released by the State Bank show that the stock of fresh foreign currency [...]

Continue reading »

Karachi Stock Index Hits All Time High at 6,045

Pakistani stocks extended their bull run on Friday, closing above 6,000 points for the first time on optimism about the country’s economy, dealers said. The benchmark Karachi Stock Exchange 100-share index closed at 6,045.80 points, up 1.14 percent on the day. The index set a lifetime intraday high of 6,064.06. The KSE-100 has risen nearly [...]

Continue reading »

Pakistan Set for Record Cotton Output

Pakistan’s cotton production and consumption are expected to hit historic highs this year as it aggressively prepares to meet global competition. Pakistan is the fourth largest cotton producer in the world and poses a serious challenge to India in Western markets. Many experts believe Pakistan’s low cost of production will allow it to come out [...]

Continue reading »

Big Hit Pakistani Cricket Shirts Fetch £1 Million in Sales

Sales of Pakistan’s one-day strip from the 2003 World Cup are expected to reach £1million following some unexpected exposure from British comedian Peter Kay on Channel 4′s comedy show Max and Paddy’s Road to Nowhere according to The Mirror newspaper. Kay wore the shirt in all six episodes of the series, which finished last Friday. [...]

Continue reading »

Pakistani Restaurant in Arizona Cooks to Cut a Niche

Einstein had it right: Everything is relative. The theory applies not only to physics, but also to ethnic restaurants. For proof, gauge the possible reactions to dinner at Shahnawaz, one of only two Valley restaurants I know of that showcase the cuisine of Pakistan. (The other, the Copper Kettle, mostly focuses on regional dishes from [...]

Continue reading »