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Business shows resilience
Written on 14 Jan, 2010 at 7:01 in Featured Stories, Pakistan Business Update | viewed times | 0 Comments
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THE rioters inflicted deep wounds on the economy of Karachi. They, however, did not succeed in destroying the spirit of resilient business community determined to fight against all odds and revive its activities in the country’s biggest cluster of wholesale... (Continue reading)
Ethanol-mixed petrol is no less powerful: PSO
Written on 13 Sep, 2009 at 2:52 in Business, Featured Stories, Karachi, Pakistan Business Update, Sindh | viewed times | 0 Comments
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KARACHI: Pakistan State Oil (PSO) Managing Director Saturday brushed aside the apprehensions regarding ethanol-mixed petrol as being less powerful. The MD Irfan Qureshi told Geo News that the water in ethanol, when mixed with petrol, turns into high-octane (RON-92); accordingly, it... (Continue reading)
Power tariffs to be raised yet another time
Written on 27 Aug, 2009 at 0:20 in Featured Stories, Islamabad, Pakistan, Pakistan Business Update | viewed times | 0 Comments
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ISLAMABAD: The government has once again decided to raise the power tariffs, Geo News reported Wednesday. According to sources, the increase would be phased, as the power tariffs would be raised six percent in October of the current year. The second raise... (Continue reading)
Prime Minister sets ex-mill sugar price at Rs 45 per kg
Written on 23 Aug, 2009 at 1:44 in Featured Stories, Islamabad, Pakistan, Pakistan Business Update | viewed times | 0 Comments
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ISLAMABAD: Prime Minister Yusuf Raza Gilani presiding over a meeting here Saturday fixed the ex-mill sugar price at Rs45 per kilogram for the next three months. The meeting also decided that there will be no restriction on inter-provincial transportation of sugar... (Continue reading)
NFC award distribution not on the basis of population: Tarin
Written on 20 Aug, 2009 at 4:03 in Featured Stories, Pakistan Business Update | viewed times | 0 Comments
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ISLAMABAD: Federal Finance Minister Shaukat Tarin said distribution of National Finance Commission (NFC) award will not be distributed on the basis of population. Addressing the Balochistan Development Forum here, Tarin said US has to pay $1.4 billion to Pakistan in account... (Continue reading)
Sugar to sell at inflated prices, hoarders to be set free: Watto
Written on 19 Aug, 2009 at 2:39 in Balochistan, Faisalabad, Featured Stories, Hyderabad, Islamabad, Lahore, Malakand/ Sawat, Multan, PESHAWAR, Pakistan, Pakistan Business Update, Punjab, Sakhar, Sargodha, Sarhad, Sindh, Toba Tek Singh | viewed times | 0 Comments
ISLAMABAD: With the consent of Sugar Millers, the government has set the one-kilogram ex mill sugar price at Rs48 to be sold across Balochistan province and Rs49.75 to be sold across NWFP province, Geo news reported on Tuesday. The Federal Minister... (Continue reading)
State Bank playing its role for country’s progress: Governor SBP
Written on 14 Aug, 2009 at 16:47 in Pakistan Business Update | viewed times | 0 Comments
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Governor State Bank Syed Salim Raza said that the country is facing grave problems nowadays and a great sense of patriotism is needed to get out of them. Addressing a ceremony of flag hoisting in Sate Bank on the occasion... (Continue reading)
13 FBR officers reshuffled
Written on 5 Aug, 2009 at 17:23 in Pakistan Business Update | viewed times | 0 Comments
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ISLAMABAD: As many as 13 officers of Federal Board of Revenue (FBR) have been reshuffled on Tuesday, Geo news said. According to details ascertained through the notification released from FBR, Anwar Ali Shah has been re-designated as Chief Income Tax Officer... (Continue reading)
The ‘green revolution’
Written on 4 Aug, 2009 at 18:52 in Pakistan Business Update | viewed times | 0 Comments
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Carrying on my theme from last month’s column about social networking, I must report that social media (also known as Web 2.0) has caught fire in Pakistan as well as the rest of the world. Facebook has been immensely popular... (Continue reading)
Oil prices rally on outlook, weaker dollar
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Updated at: 0854 PST, Tuesday, August 04, 2009 NEW YORK: Oil prices shot higher for the third session in a row Monday, driven by improved economic recovery prospects and a weaker dollar. New York’s main contract, light sweet crude for September delivery,... (Continue reading)