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The first ever joint venture agreement for manufacturing of automotive parts was signed between JinKwang, a South Korean firm and JAZ Engineering of Pakistan in the presence of Minister for Industries and Production, Jehangir Khan Tareen on Monday night. The joint venture company, Jinkwang JAZ Ltd, has planned to start manufacturing operation with two production [...]

Born in Rawalpindi, I completed my masters in information technology. After my education I worked as manager IT in a private company. Working with the private company for one year gave me enough experience about market trends in IT. With the financial assistance of my father, who works as consultant with a firm, I established [...]

The Karachi Circular Railways will start operating from January, 2005. A report presented to Prime Minister Shaukat Aziz on Monday said it had been decided that the KCR would be operated by an independent corporation, jointly owned by the Pakistan Railways, Sindh government and the Karachi city government. A task force was asked to suggest [...]

Over 2,000 residential units would be established for labourers, workers and fishermen in the proposed “Labour City” in the Gwadar district of Balochistan, and the federal government would grant Rs 3 billion for the project from the Workers Welfare Fund (WWF). This was stated at a meeting here on Monday held under the chairmanship of [...]

The KSE 100-share index on Monday finished at an all-time high of 5,633.13 amid heavy buying boosted by the perception of more close ties with the US after the president’s visit. More than one positive developments, the president’s meeting with Bush and year-end considerations seem to have triggered buy stops on selected counters, although negative [...]

Amid a thaw in relations between Pakistan and India, two leading Indian movie stars on Saturday said actors and directors from the two countries should jointly produce films. Indian films are immensely popular in Pakistan, and “Dhoop” – starring Om Puri – was screened Friday night at the opening of the 10-day Kara Film Festival [...]

The two-day conference on Pak-Iran joint co-operation in the Compressed Natural Gas (CNG) sector has provided a chance to market Pakistani manufactured CNG buses in Iran owing to its exceptionally low cost. This was stated by Hilal A Raza, Director General Hydrocarbon Development Institute of Pakistan (HDIP), at the conclusion of the conference on Friday. [...]

Siemens Communications Mobile Networks has won a $ 32 million contract with Pakistan’s U-Fone, to provide mobile telephone services in Pakistan. The deal between U-Fone, a subsidiary of Pakistan Telecom Mobile, and Siemens enables Pakistan’s second largest mobile operator to increase its subscriber base by 500,000 from its present 1.3 million subscribers. The project will [...]

WORLD-record goalscorer Sohail Abbas continued his amazing run as hosts Pakistan came from behind to down New Zealand for a second consecutive win in the men’s Champions Trophy hockey today. The Netherlands and Spain also recorded their second wins on day two of the elite six-nation tournament to set up a three-way tie at the [...]

A visually impaired person from Switzerland, Martin Naef is exploring Pakistan, not to enjoy its marvellous tourists’ attraction sites but to interact with different social groups. Martin Naef, who also a Ph.D in education, entered Pakistan via Turkey and Iran, extensively travelling in public transport to come across the people belonging to different walks of [...]