Business - 46

Keeping the petrol flowing to Pakistani drivers is providing Palmerston North-based company Integration Technologies with its biggest ever deal. It has won a contract worth about $5 million to outfit more than 1000 petrol stations owned by Pakistan State Oil, the national state-owned oil supplier. Integration Technologies provides equipment for petrol stations which integrates forecourt [...]

Bilateral trade between Indian and Pakistan has gone up by more than 100 per cent increase at $476 million in 2003-2004 over that of the previous year. The statistics released by Pakistan ahead of next week’s foreign ministers meeting in New Delhi show that the level of total trade between the two countries stood at [...]

Young people and children, some so small they are barely able to walk, are the favourite customers at Karachi’s cycle market, but shopkeepers complain few young buyers came during the just-ended summer vacations due to the greater security problems in the city this year. The main business months at the cycle market at Gari Khata, [...]

Since acquiring of VERISYS, a passport office normally processes about 350 records of passport applicants daily. Before introduction of VERISYS, it used to initiate 350 manual verifications per day, which consequently were resulting in volumetric correspondence and maintenance of records, the process used to take at least 15 days. After installation of VERISYS, as many [...]

Inspired by [mobile operator] U-Fone’s marketing campaign in which it extended cell phone connections to multitude of people from August 14 to 17, Pakistan Telecommunication Company Limited (PTCL), has decided to extend free connections to the prospective customers from September 2 to 8…

The government on Friday approved a 45-megawatt windmill power project for Karachi under a 400 megawatt wind energy programme to be implemented at a cost of $400 million. The project was approved by the Alternative Energy Development Board (AEDB), which consists of the New Park Energy, a consortium of General Electric (wind energy) Germany, Dorsch [...]

Palmchip Corporation, a pioneer in semiconductor IP and system-on-chip platform technology, today announced that they are launching a new company to be called Palmchip Semiconductor, Inc. The company will focus on providing chips for wireless storage applications and will soon announce the first wireless storage Application Specific Standard Product. (ASSP) . In support of their [...]

The Gulf Cooperation Council (GCC) on Thursday signed an agreement with Pakistan that would give it dialogue partner status with the bloc. It would promote economic cooperation, exchange of information and encourage technical economic cooperation with the grouping, he added. The framework agreement would lead towards the establishment of a free trade area, he said. [...]

In the first seven months of the current calendar year, Pakistani scheduled banks’ deposits rose by a healthy 14.19 per cent and their advances grew by an impressive 10.37 per cent. The total investment of banks in fixed income securities as well as shares of listed companies grew by 6.67 per cent during this period…

Until now Balochistan has been the most neglected and backward province in the country. But it could become Pakistan’s new economic frontier within the next decade or so if all the development projects that are now underway or planned in the territory, as well as in other parts of the country and in the multi-country [...]