Business - 5

Shamshad Akhtar, an Asian Development Bank official, was named the first woman to run Pakistan’s central bank. Akhtar has an M.S. in economics from Quaid-e-Azam University in Islamabad, an M.A. in development economics from England’s University of Sussex and a Ph.D. in economics from Scotland’s Paisley College of Technology. She studied at Harvard University in [...]

Born in Karachi, 42-year old Asim Abdullah made his fortune from hi-tech investments, notably the sale of his company Veo Systems, to Commerce One, the business-to-business internet marketplace. Last summer, the entrepreneur was spotted in Paris at Ungaro’s fashion show, the first clue that the Silicon valley millionaire was to become a fashion sugar daddy. [...]

The Melody Cinema had sat fallow for two years, ever since a mob of religious radicals set it on fire and reduced it to nothing more than a charred, trash-filled shell. Today, it has been reborn as the Melody Relief and Rehabilitation Center, and the occupants of its 53 beds are women with broken backs. [...]

The 29-year-old is a customer coordinator at Pizza Hut, and is the only female in her branch which comprises forty. But the fact that she is a lone woman in such a large team has never been a hurdle in her professional life. However, there are times when men from more down-market areas like Jodia [...]

According to the president of the GSM Association, Ricardo Tavares, mobile operators in Pakistan are expected to invest USD3 billion in GSM technology over the next three years. The country’s six cellcos – Paktel, Pakcom, U-Fone, Mobilink, Telenor and Warid Telecom – plan to have invested USD1.2 billion in 2005 alone, with the country’s total [...]

The quality of Pakistani silver fibre is the best in the world. This was stated by Gen Herwig M Strolz, the director-general of the International Trade Manufacturers Federation (ITMF), Switzerland. Gen Strolz said the quality cotton products could not be produced without Pakistani cotton because its silver fibre was the strongest and longest in the [...]

Pakistan International Airlines (PIA) has created world commercial aviation history by flying newly-manufactured Boeing 777 LR (Long Range) — the first airline in the world to fly it from Hong Kong to Heathrow — the wrong way around the globe. Along with five Boeing pilots, Commander Asif Reza, senior vice president flight operations PIA, was [...]

In 1972 Saghir Tahir left Lahore, Pakistan with about $100 to his name. Today he is a successful businessman and elected representative to the New Hampshire State Legislature in the New England region of the United States. The secret to his success, he says, is hard work. “I wanted to take my kids out of [...]

INVESTMENT holding company Eden Enterprises (M) Bhd plans to invest US$1 billion (US$1 = RM3.77) in the energy, housing, tourism and construction sectors in Pakistan. The proposed investment will include the development of two power plant projects that the company will jointly participate with local partners. Pakistan’s Private Power Infrastructure Board (PPIB) approved the development [...]

In Gulistan-e-Jauhar, there is one name which is on the lips of everyone, whether that person lives in Gulistan-e-Jauhar or some adjoining locality. That place is called “Perfume Chowk.” The name comes from a perfume shop originally which has been running for seven years at the same place. Mursaleen Khan Sherwani established his business after [...]