Business - 42

Cotton trading on Monday resumed on easy note as ginners were in no mood to hold on to their unsold position in an uncertain price outlook. Arrivals of phutti into the ginneries are said to be on the higher side after picking operations were resumed in selected areas of upper Sindh and Punjab cotton belt. [...]

“My birthplace is Karachi. I am a matriculate. I am married with 3 daughters and four sons. They are school going children. My father had been a businessman dealing in dupattas and cloth. One of my brothers is abroad while two are working. I am fond of football and like to watch matches on TV. [...]

An Internet Media City would be set up in Karachi on the pattern of one that exists in Dubai. Sindh Minister for Information Technology said this while talking to media here on Tuesday. He pointed out that the government of Pakistan has signed an agreement with the United Arab Emirates (UAE) for the setting up [...]

The gasoline called Premier XL, the supply of pre-additized gasoline across the network of stations has already completed and motorists throughout the country can now notice the “clean” driving difference this gasoline makes. The new product Premium XL enhances fuel economy, which leads to better engine clean up and corrosion control of fuel tanks and [...]

The ‘golden mile’ in the country’s financial capital glitters Pakistan’s economy, says one top officials of the Central Board of Revenue (CBR) about the road, which also houses the country’s most popular electronic media, the GEO TV, and the biggest publishing house, the Jang Group of Newspapers. “Some 90 per cent of financial and business [...]

New cellular and fixed-line telephone companies, which are likely to begin operations by December following the deregulation of the telecom sector, are expected to create over 8,000 direct and indirect job opportunities in the country. Pakistan’s official unemployment rate stands at 8.27 percent, but economists estimate the real rate to be much higher. Telecom authorities [...]

Foreign direct investment has doubled during the past three years, which is approaching $1 billion this year. Pakistan’s Minister for Privatization and Investment stated this during a meeting with the visiting US delegation led by US Under Secretary of State, who called on him here on Monday. According to a press release issued here by [...]

Pakistan is likely to become the most accessible international trade route to Central Asia, Iran and China as the Asian Development Bank (ADB) has offered to provide $2 billion to improve and rehabilitate the Pakistan Railways (PR) network. Official sources told Online on Sunday that the grant would likely to be provided primarily for the [...]

International Material Development, a US firm has offered to set up super-shredder for scrap metals in Pakistan in collaboration with M/s Monica International Inc. The offer was made by a 6-member US delegation, headed by Howard Lincoln, a veteran of the scrap metal industry in a meeting, chaired by Jehangir Khan Tareen, federal minister for [...]

“I was born in a business family in Karachi. I studied up to intermediate class. My father is in oil trade. I am married with two sons and same number of daughters. They are studying in higher secondary classes. My brothers are doing different jobs. Sisters are married happily. “Soon after doing intermediate, I started [...]