Category archives for: Business

TheWareHouse.pk Starts Allowing Customers to Design Their Own Products

warehouse

Pakistan’s IT industry has been on the rise in recent years with e-commerce portals taking the lead and generating considerable revenue and traffic. While there are several top quality online shopping portals in the country now, thewarehouse.pk is the first such portal to allow customers to design their own products. Where most portals are selling […]

Users Can Download Pakwheels Urdu Android App from Play Store Soon

pakwheels

Pakwheels, one of the biggest online car trade portal in Pakistan has launched its Android App in Urdu. PakWheels found the need of car trade portal within local language as there are millions of potential users who could be brought online and are not much comfortable browsing the site in an English language. The Android […]

Slowdown in Latin America threatens rise of the middle class

latin american countries

Most Latin Americans have entered the middle class in the last decade remain vulnerable. According to the United Nations Program for Development (UNDP), although 56 million Latin Americans have moved out of poverty between 2000 and 2012, about 200 million, a third of the total population, could again be poor in case of crisis. The […]

OGRA recommends reduction of petrol prices

Oil prices go down

The Oil and Gas Regulatory Authority (OGRA) has reportedly submitted proposal to Ministry of Petroleum to reduce the prices of the petroleum products in the country on Friday August 29, 2014. OGRA has suggested to slash the price of petrol by 40 paisas bringing the price down to Rs. 106.37 per liter, diesel price by […]

McDonald’s Pakistan clarifies meat source

McDonals Pakistan

McDonald’s Pakistan has said in statement that it does not receive any products from the factory in question that is Husi Shanghai Factory. Our products only come from Husi Dachang Factory which is 35 km outside Beijing. McDonald’s Pakistan has never imported any products from Husi Shanghai Factory which is about 1300 km apart from […]

Malaysia Airlines, nationalized after two accidents

plane_malaysia

The Malaysian carrier Malaysia Airlines on Friday that it has suspended trading in the stock Kuala Lumpur after the State, the principal shareholder, announced the purchase of the remaining shares of the company to reform after the two plane crashes it has suffered this year. Malaysian state investment agency indicated in a statement that seeks […]

Russia stops importing fruits, vegetables and meat from EU and USA

russia bans mport of dairy and meat

Russia has imposed a ban on import of agricultural products from countries of the European Union, United States, Australia, Canada, Japan and Norway effective for the next 12 months. The measure was developed in response to the sanctions imposed by the USA and the EU on Russian government of Vladimir Putin for his role in […]

U.S. and EU toughen sanctions on Russia

russia-sanctions

West shows his teeth. The EU agreed yesterday to toughen sanctions against Moscow for his role in the conflict in Ukraine, with strong action on the financial sector, energy and military. There was nothing like it since the end of the Cold War: to punch in the European table, which is after the downing of […]

Russia raises interest rates to prevent capital flight

Russia increase interest rate

The Russian central bank gained unexpectedly Friday the benchmark interest rate from 7.5% to 8%, Reuters reports, with the aim of trying to prevent investors in anticipation of new sanctions by the West, pull their money in the country and avoid the higher prices caused by the sharp depreciation of the currency. It is the […]

Major airlines canceled flights to Israel

Federal Aviation Administration

All U.S. airlines and much of Europe on Tuesday suspended all its flights to Israel. The drastic measure taken after as shell from the Palestinian Gaza hit a house near the Ben Gurion Airport in Tel Aviv. The Federal Aviation Administration (FAA) of the United States has banned all U.S. carriers flying for 24 hours. […]

9 Pakistani Students Selected for ISEF Fair

The International Science and Engineering Fair is going to take place in Los Angeles, US, this week and 9 Pakistani Students have been shortlisted in order to represent their country. A representative of this particular institution stated, “The young innovators referred to as Team Pakistan will represent the country at the fair and compete against […]

Dastgir Believes Poland is Gateway to Europe

dastgir khan

Dastgir Khan recently came out in the open and spoke about Poland and Pakistan’s trading ties. He claimed that Poland can serve as a gateway to Central and Eastern Europe and this is why he insisted that Pakistan should try and focus on the trading ties between the two countries. Dastgir Khan was in a […]

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