Daily Archives: January 24, 2011

Motoring – 208mph Ferrari FF breaks cover

Motoring – 208mph Ferrari FF breaks cover

Ferrari has revealed details of its first ever four-wheel drive model. The Pininfarina-designed FF (meaning four seats and four-wheel drive) is billed as the Italian manufacturer’s fastest four-seater ever and uses a front-mounted 6.2-litre direct injection V12 engine, producing 651bhp at 8,000rpm and 504lb ft of torque at 6,000rpm, mated to a transaxle dual-clutch F1 paddle-shift gearbox.
At 4.9m and 1,790kg the FF is fractionally longer and lighter than the outgoing 612

Draft constraints haunt FAP terminal at Port Qasim

KARACHI – The recently inaugurated advanced grain and storage terminal at Port Qasim is operating at almost half of its cargo and ship handling capacity due to insufficient dredging and therefore inadequate draft constraints at the 45-kilometer long navigational channel of the country’s second largest seaport.
A joint venture completed on a Built-Operate-Transfer basis, the Fauji Akbar Portia Terminals Limited (FAP) at Port Qasim was constructed at a cost of $135 million and is

Doubts surface over PIA-Turkish Airlines deal

LAHORE – Cooperation between Pakistan and Turkey in any field is always a welcome step. However, the proposed agreement between the Pakistan International Airlines (PIA) with Turkish Airlines (TA), details of which have now come to light, indicate that certain concessions being proposed are in clear violation of national interest and on the face of it, a one way ‘sell-off’.
Pakistan Professionals Institute (PPI) which has analysed the document at length, recommends that the

Risky engines for economic growth

WASHINGTON – While the rich world puts its post-crisis house in order, developing countries as a whole are becoming the new engine of global growth. Increasingly, they are a force pulling the advanced economies forward.
But switching locomotives is never free of risk. There are at least four tracks along which this switchover is taking place. First, public- and private-sector balance sheets in most emerging economies are relatively clean.
While de-leveraging is ongoing in

Rice trade in 2011 expected to contract by two percent

LAHORE – The United Nation’s Food and Agriculture Organisation (FAO) has forecast that the world rice trade in 2011 will contract by two percent to 30.5 million tonnes. The FAO latest Rice Market Monitor (RMM) states that the reduction in global rice trade is expected to follow a tightening of exportable quantities in major rice supplying countries.
It concludes that several rice exporting countries had reduced harvests owing to harsh weather conditions, while some have heavily

SPEL declared Asian business leader

LAHORE – Synthetic Products Enterprises Limited (SPEL) has been declared one of the fastest growing and dynamic companies of Pakistan. The competition is held on an annual basis to discover the fastest growing, most dynamic entrepreneurs in Asia and builder’s of Asia’s future wealth and employment.
The competition takes place in 20 Asian countries and 25 companies are selected from each country. All World Network’s Advisory Board Chairman Michael Porter of the Harvard Business

BD’s food import bill likely to rise by 15pc

DHAKA – Bangladesh’s food import bill is likely to rise 15 percent and reach 75 billion taka ($1.0 billion) in the current financial year as the government buys more grain to secure supplies amid soaring prices in global markets.
The original allocation of funds in the national budget for food imports in the financial year 2010-11 was 65 billion taka. “But we need an additional 10 billion taka to import increased volume of grains,” Food Director General Ahmed Hossain Khan told