Business - 34

A new cable television channel that claims to be the first US Muslim lifestyle network in English debuts next week, bringing to fruition an idea born in the aftermath of the September 11 attacks. Bridges TV founder and chief executive Muzzammil Hassan, who moved to the United States from Pakistan in 1979, says his wife [...]

Corporate sector received the largest chunk of 54 per cent of the total credit extended by the financial sector in 2003, followed by small and medium enterprises or SMEs that received 19 per cent. According to a report titled Pakistan: Financial Sector Assessment 2003, agriculture and consumer finance sectors each received about 8 per cent [...]

Viagra, the world’s renowned magic medicine to treat male impotency, is coming to Pakistan as it has passed all the tests and crossed almost every hiccup to be in the shelves of country’s medical stores. The high-powered federal drug appellate board of the health ministry met early this week in Islamabad and has reached closed [...]

Microsoft Pakistan has launched its global Empower Program for the software industry in Pakistan with active support and participation from the Pakistan Software Export Board (PSEB) and Pakistan Software Houses Association (PASHA) at a launching ceremony here today. Jawwad Rehman, Country Manager, Microsoft Pakistan said that the Empower program would provide an extremely cost-effective and [...]

When Pakistan’s prime minister made a rare visit this week to India, plenty of people had little interest in talking about regional peace, or the Kashmir militancy, or nuclear proliferation. They had something else on their minds: money. Indian companies are falling over each other to do business in Pakistan – an economic explosion unimaginable [...]

Sweden can extend expertise to Pakistan in the fields of bio-technology, water management, air pollution control and public transport. This was stated by head of visiting Swedish trade delegation Ambassador Jan Palmstierna while speaking at the Karachi Chamber of Commerce and Industry (KCCI) here on Thursday. He said in his meeting with Sindh Governor Dr [...]

In pursuit of the formula for peace on Earth, our producer met up with a bright, energetic immigrant, who also happens to be co-founder of the ‘We Are All Brooklyn’ community group. A prosperous entrepreneur, this person is now in the business of making dreams come true. Larry Clamage brings us the story of a [...]

The State Bank of Pakistan (SBP) on Monday decided to issue fresh bank notes of Rs 50 and Rs 100 denominations without staples but with proper banding. Accordingly, all SBP Banking Services Corporation [BSC] offices/branches will issue fresh currency notes of Rs 50 and Rs 100 denominations in unstapled form with immediate effect. Commercial banks [...]

Business people in India and Pakistan are yearning to see greater trade and investment as a peace process between the nuclear-armed rivals slowly breaks down old barriers, a top Indian official said in Pakistan on Tuesday. Trade and investment between the South Asian neighbours has been stunted by decades of hostility. Direct trade is only [...]

A billion-dollar housing project, one of the largest in the country, is expected to take-off in a fortnight’s time at Raiwind Road Lahore with country’s half a dozen renowned industrial groups featuring as key investors. The project, planned over thousands of kanals of land, has been dubbed a major breakthrough in Pakistan’s housing sector because [...]