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Friday, 24 May 2013 7:40 am
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News for Friday, 9 Sep 2011
MoIT directed to accelerate auction of 3G and LDI license
After the president and prime minister directed the ministry of finance to expedite auction of 3G spectrum and long distance international (LDI) license to China Mobile subsidiary, Zong, the ministry...
Posco to invest $15m in Tuwairqi Steel Mills Limited
The South Korean steel giant POSCO is to invest $ 15 million equity in Tuwairqi Steel Mills Limited (TSML), and in this regard a joint venture agreement signing ceremony is...
Provinces surpass center in budgetary borrowing
The government’s budgetary borrowings from the banking system are heading northward, but this time the driving force happens to be the provinces rather the center. Official statistics released by the...
Obama jobs plan offers growth outlook
President Barack Obama's jobs package could lift economic growth by one to three per centage points in 2012, add well over one million jobs and lower the unemployment rate by...
Security situation worris corporations
The recent wave of terrorism in the largest city of the country, Karachi, has worried top executives of national and multinational companies. Qubee Chief Executive Officer, Mubashir Naqvi, who recently...
Weak oil, fertiliser performance leads to index decline
As anticipated, local bourse finally succumbed to the profit taking sentiment and ended losing 62 points to close at 11,286 points. The KSE 100 index closed at 11286.21 levels with...
Traders support confidence revival of business community
The traders of Urdu Bazar and Ganpat Road have voiced their support for the Founders-PIAF Alliance in the LCCI elections 2011-12. The announcement was made during the visit of Alliance...
Pakistan Railways shuts down goods trains
After receiving a massive bailout package, Pakistan Railways did not emerge from the crisis as it has to close down all goods trains due to shortage of freight engines. Railway...
Competing at the global level
The only Asian countries below Pakistan in the Global Competitiveness Index (GCI) for the year 2011-2012 are Nepal and Yemen. As world economics today moves towards the notion of sustainable...
Latest News
- Chinese PM departs with promise to cement Pak-China friendship
- Article 6 to be explained in Musharraf treason case: SC
- Karachi re-polling: PTI leads as MQM condemns ‘fake’ re-balloting
- Sherry Rehman resigns as ambassador to US
- Sit-ins across country over ‘polls rigging’
- Emergency imposed in Karachi
- Protest erupt over rigging allegations
- Eight killed as LDA plaza goes up in flames
- Gunmen abduct Gilani’s son, kill his two aides
- Injured Sanaullah succumbs to injuries
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