Category archives for: Business

Corporate Greed…. Will it ever Stop?

Corporate Greed…. Will it ever Stop? For a layman, the term “global trade” means to do business, sell or purchase merchandize in other countries besides the home land. However, for the world’s biggest conglomerates and corporate sector giants, it has a different meaning altogether. The World Trade Organization was not founded to bring trade to […]

Sialkot develops into 4th biggest manufacturer of sports apparel in the world

Pakistan’s sports apparel hub, Sialkot has become 4th biggest manufacturer of sportswear in the world. Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A Khokhar said on Friday and regarded the tremendous growth of readymade garments and booming sportswear industry in Sialkot. Mr. Ijaz Khokhar was speaking to reporters and said during a […]

Weekly Overview: KSE-100 Index upholds the 11,500 mark amid bearish trend

The KSE-100 Index remained bearish for the first three days of the week before finally rebounding in the last session on Friday, October 28 to close at 11,562 points after having seen the monthly-low of 11,283 points on Thursday, October 27. After four consecutive sessions of bearish activity, including Friday of last week, analysts declared […]

Asian Development Bank gives Rs. 261 million for flood-affected people Sindh and Balochistan

The Asian Development Bank (ADB) granted Rs. 261 million to Pakistan to help the rehabilitation processes for the recent flood-affected people in the province of Sindh and Balochistan on Thursday. The donation was granted from the Asia-Pacific Disaster Response Fund, which will assist the National Disaster Management Authority (NDMA) to provide food, drinking water, medicines […]

KSE-100 Index: Daily Overview – October 28

After four sessions of bearish activity, the KSE-100 index gained 278 points or 2.47% to cross the psychological barrier of 11,500 and finish at 11,561 points on Friday, October 28. It had been largely anticipated by observers that political processions in Lahore might have a negative impact on the market, but positive activity in OGDC, […]

Some of the richest with their riches

From conducting largest transactions to generous philanthropic activities to pulling off successful business deals, the world’s richest elite has been making news time after time but the toys these personalities keep has always kept the newspapers merchandize. An expansive suit might seem like a rewarding purchase for a person who lives around a budgeted month […]

Tax to be imposed on gas consumers to fetch Rs. 40 billion

Another bomb is about to drop on the problem-stricken nation, as the government prepares to impose a gas infrastructure development tax on consumers to collect an estimated revenue of Rs. 40 billion. The government of Pakistan has been imposing such cesses to seek power to amend the levy on petroleum products from time to time. […]

Asian Development Bank to finance $36.8 million for wind farm in Pakistan

Asian Development Bank to finance $36.8 million for wind farm in Pakistan Thursday, October 27: The Asian Development Bank (ADB) has revealed on their website that it is going to finance a loan of $36.8 million to Zorlu Enerji Electrik Uretim, a Turkish wind farm company, to help set up a privately owned wind farm […]

KSE-100 Index: Daily Overview – October 27

Negative sentiment prevailed in the market yet again as the KSE-100 index lost another 104 points to close at 11,283 points on Thursday, October 27. The index shed 130 points yesterday to fall below the psychological barrier of 11,500 points and it now remains to be seen if the 11,000 mark can be sustained. After […]

Zong signs partnership deal with Manchester United

Zong signs partnership deal with Manchester United        Zong has signed a three-year partnership deal with world-famous football club Manchester United which will enable 10 million Pakistani football fans to watch goals, exclusive interviews and news from Old Trafford. Rizwan Akhter, who is  a Director Advertising and Promotions in Zong, said with great pleasure , “This […]

China and India eager to get Afghan oil and mine contracts

It was announced by the Afghan mining minister that Chinese and Indian bidders and in the front line for deals to mine Afghanistan’s rich iron ore and oil deposits. The official further cited it was worrying for him that the Western companies are still reluctant to invest in a war-stricken country like Afghanistan. The country’s […]

Oracle purchases RightNow Technologies to compete in the cloud services market

The Silicon Valley giants, Oracle Corporation has expanded its horizon with a new acquisition this week. The software maestros have bought RightNow Technologies to extend their corporate portfolio to cloud services. The cloud services have taken hype in fame and usage in the last two years as a next generation social networking platform. With Apple, […]

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