Business - 6

The first plant producing ferroalloys to cater to the needs of Pakistan Steel and other steel manufacturing units in Pakistan, has started production in the Dhabeji Industrial Estate. With the commissioning of the plant, Pakistan has joined a select group of countries producing ferroalloys. The AAI, ISO 9001: 2000 certified plant is first of its [...]

A Pakistani firm M/s Energen Energy Generation is launching today for the first time an electricity-run, petrol-free motorcycle. According to the firm, the price of the bike ranges from Rs 25,000 to Rs 35,000. The motorcycle is smoke-free and noiseless and will come in three models to be initially sold in Karachi only. The motorcycle [...]

Rashad Ali and Pulin Patel, two friends originally from Pakistan and India, are running the race for the Next Big Thing on cell phones from a humble office off the back streets of Richardson, Texas’ Telecom Corridor. Ali, 42, and Pulin Patel, who is 35, met in Richardson when both were working at Nortel Networks. [...]

Overseas Pakistanis remitted over one billion dollars in the first quarter of the fiscal year 2005-06, strengthening the government’s hope of receiving over $4 billion by the end of the year. The country received $1.002 billion during July-September 2005 against $983.15 million it received during the corresponding period last year, which is 1.98 per cent [...]

Pakistan’s efforts to recover from the worst natural disaster in its 69-year history is expected to eventually boost its slowing economy and support its currency and stocks. Pakistan’s economic infrastructure of ports, airports, dams, factories, telecommunications, financial system, power plants and refineries has largely been spared, Financial markets were quick to recover from an initial [...]

It should be the quietest time of year at the slimming clinic in the bustling city of Rawalpindi, Pakistan, but days before Muslims begin their holy fasting month, business is booming. “We have devised special Ramadan packages,” says the centre’s medical advisor Farzana Sadiq. A vendor selling cream and pistachio-filled sweets made specially for the [...]

Pakistan’s economy is capable of absorbing the devastation caused by Saturday’s magnitude 7.6 earthquake, the strongest in a century, because remote areas were the worst-affected. Pakistan expects growth of 7 percent this year as the government continues its effort to attract investment through privatization and liberalization. Pakistan’s benchmark Karachi Stock Exchange has gained 32 percent [...]

Investment money has flowed in from expatriate Pakistanis around the world, local citizens seeking higher returns than fixed-income choices and speculators taking a chance on the nation’s future. Large sums of U.S. money pumped into this U.S. ally have improved its balance of payments. In response to requests from the International Monetary Fund and the [...]

Abacus International, Asia-Pacific’s leading travel facilitator, today announced that bookings on the Abacus system for Pakistan for 2005 are set to more than triple those recorded in 2004. In the first half of 2005, Pakistan FIT bookings on the Abacus system increased 299 per cent over the same period in 2004. The World Travel and [...]

A three-day vintage and classic car show will be held in Lahore in February. Fifty cars from India will participate. Fifty select veteran, vintage and classic cars from different parts of India will participate in the ‘Indo-Pak Friendship Vintage Car Show’. The proposal of the show at Lahore has been sent to the Government of [...]