Category archives for: Business

China to Develop and Finance Airport in Gwadar

It was recently reported from Islamabad that China is willing to finance an airport in the port city of Balochistan, Gwadar. The development in this particular port city has always been halted due to the fact that there are certain security concerns. At times the locals and sometimes foreign militants interfere with the matters that […]

Large Oil Reserves Near Jehlum Discovered

oil rig

Pakistan’s largest oil producing well with an estimated production of 5,500 barrels per day near Jehlum, Punjab is expected to start production by the end of this month. The discovery of oil reserves in this region of Pakistan is the first and opens door to further exploration for oil reserves. Mari Pertroleum Company Limited has […]

Vodafone Reveals Governments Spy on Customers Calls

Phone-records

The British phone company Vodafone has revealed Friday that government agencies from various countries systematically spy phone conversations and even the location of its customers through secret cables connected to their mobile networks. The report of Vodafone, some of whose conclusions have been published by the newspaper The Guardian, is a result of the impact […]

Finance Minister Proposes 10% Increase in Salaries of Government Employees

pakistan budget 2014-15

Pakistan Finance Minister, Ishaq Dar, has proposed 10 % hike in the salaries of the government employees during the budget speech in the Pakistan National Assembly on Tuesday June 3, 2014.  The Minister also proposed to increase the minimum wages of workers from RS10,000 to Rs12,000 per month. The recipient of the monitory support under […]

Fashion Parade 2014 to Showcase Pakistani Designers in London

Fashion parade 2014

Fashion Parade 2014 is all set to make history by showcasing Pakistani designers for the very first time in Kensington Palace Orangery, London on June 9. The event will be showcasing some of the most celebrated designers of the Pakistan Fashion Industry including Faiza Samee, Ayesha Hashwani, Nomi Ansari Zara Shahjehan, Seher Tareen and Nazneen […]

Pakistan to Earn A lot from Mango Export

mango growers

The king of fruits is set to be exported with a target of 175,000 tons which would result in a $65m earning.  Mr Waheed Ahmed issued a statement that the mango export shipments will leave the bay from 25th of May onwards. Despite losing the high profit generating markets of US and Japan this year […]

Government Wants to Bring Down Inflation

ishaq dar

Government vows to drop down inflation by 15% by the end of July with the help from our ally neighbours and this is indeed a great achievement made for the economic betterment of the country. However the question is that will this be of any help to the common man? 10 billion dollars of Foreign […]

Krugman questions ECB inflation target of 2%

Paul Krugman

The renowned American economist Paul Krugman expressed this Tuesday openly criticized the positions taken by central banks and questioned whether the inflation target set by the system is placed in 2%. The Nobel Prize winner in Economics found that these goals should be higher to promote economic recovery and warned of the risk of deflation […]

Modi and Nawaz Sharif Discuss India-Pakistan Ties

modi-nawaz shake hands

It was recently reported from India that the Pakistani Prime Minister, Nawaz Sharif, and the newly crowned Indian Prime Minister, Narendra Modi, are both trying to discuss bilateral issues between the countries. The neighbouring countries have always had their differences but now the new ruling parties are trying to forget about the past in order […]

Pakistan Exports 42 Million Footballs from Sialkot

factory

The news about Pakistan making footballs for the world’s largest footballing event, the FIFA World Cup 2014, became viral. However, what people don’t know is the fact that Pakistan has managed to export 42 million footballs after they were given the contract. These balls are worth Rs. 17.473 million and currently there are arrangements being […]

Pakistani Mango Growers Slice the Indian Market

mango growers

It has been recently revealed that Pakistan, this year, will be exporting more mangos as compared to India. Both the countries are famous for the delicious yellow fruit but due to the ban which has been levied upon India by the European Union, Pakistan will be the sole provider of mango this time round. Both […]

Dr Ebad Claims Pakistan Provides the Best Business Environment

The current governor of Sindh, Dr Ishrat Ul Ebad Khan, came out in the open and stated that the image of Pakistan is being wrongly portrayed by the media. He believes that the ground realities are quite different and Pakistan is actually one of the best environments for any business in the world. He called […]

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