Business - 45

Islamabad Telecom Region will be providing free telephone connections as part of PTCL’s countrywide campaign starting from today, Thursday. Under the campaign which will continue till September-8 including Sunday, new telephone connections will be installed without charges of registration or installation fee and subject to the technical feasibility. Customers will be entertained on first come [...]

Tea from a Kenyan factory has found a niche in the Pakistan market because of consistency in quality, a director said yesterday. The chairman of Gathuthi Tea Factory in Nyeri district, G.W. Kagondu said the company had also been nominated as a preferred supplier by Premier Brands and Ethical Tea sourcing partnership groups. The two [...]

The largest cellular company of the world, Orascom Telecom Holding (OTH) has agreed terms to pay the sum of $291 million to renew Mobilink license, a branded Pakistani GSM subsidiary of the country. ‘The company has given additional 15 years starting after the expiry of its current license in July 2007 and ending July 2022′, [...]

Now people living in Sialkot, Faisalabad and other small cities besides Islamabad, Karachi and Lahore can make investment in stock market through Internet, Chairman SECP noted. He said the investment through Internet promoted 100 percent on an international level. Dr Tariq said Rs 595 billion were invested in stock market in January 2001, which has [...]

The Capital Development Authority (CDA) has decided to make a new landfill keeping in view the rapid growth of the population in the federal capital and had allocated 100 acres of land for the purpose near Kurri Road, sources told Daily Times. Sources said that CDA officials had chalked out the plan in this regard [...]

Pakistan and South Africa are busy mending relations, damaged by Pakistan’s suspension from the Commonwealth and its arrest of two South Africans on suspicion of involvement in international terrorism. The two countries are to launch a joint commission next month which will consider Pakistan’s request to buy arms from SA, and also seek greater cooperation [...]

Iran will provide technical assistance of experts to Pakistan in the exploration, expansion and modernization of steel production plants at Pakistan Steel, Karachi. The above proposal was agreed in a meeting of Chairman, Pakistan Steel Mills, Ltd Gen Abdul Qayyum (Retd) with the Iranian Deputy Minister for Mines and Industry, Mr. Mostafa Moazenzadeh here on [...]

Pakistan’s economy is set to grow more than 6 percent this fiscal year, despite the threat of inflation, a weakening currency and pressure on its balance of payments, a World Bank official said Monday. “We do believe that the government and central bank are monitoring this,” Abid Hasan, the bank’s acting country director in Pakistan, [...]

The European Union (EU) may lift anti-dumping duty on Pakistan’s bedlinen, as it planned to review the decision. A leading exporter from Faisalabad said that the EU had started the process of review on its decision of slapping anti-dumping duty on Pakistan’s bedlinen by carrying out samples from the bedwear exporters. The EC has selected [...]

“A coffee?” asks chief executive Minoo Bhandara, reaching across his desk. “Or would you prefer a beer?” Mr Bhandara can afford such audacity because he runs Murree Brewery, Pakistan’s lone beer factory in a country under prohibition. All this despite a phalanx of official restrictions. The explanation is simple, says Mr Bhandara: “Ninety-nine per cent [...]