Archive for the ‘Business & Economy’ Category

KESC has asked Govt to get KESC offices free from armed hooligans

11, Jun 2011

The Karachi Electric Supply Company (KESC) has shown great disappointment over the Karachi Administration’s silent watcher’s role when the armed men (must be called GHUNDAY ) have taken illegal possession of KESC’s operational nerve centre LDC and other important KESC offices despite imposition of section 144 and clear directives of the Sindh High Court.

Defense Budget of Pakistan increases by almost 12%

10, Jun 2011

In current economical conditions, a significant 12% rise in Pakistan’s defense budget for the fiscal year starting on July 1 has outpaced the 8.1% increase in the overall national budget announced last week of June 2011, still this increase in defense budget hugely undermines the actual military spending in the heavily indebted and terror-rid country. [...]

NEPRA decreased the price of Electricity by 58 Paisa per Unit

27, Jan 2011

Pakistan’s National Electric Power Regulatory Authority (NEPRA) today decreased the price of electricity by 58 paisas per unit. According to the sources, NEPRA said that the authority approved the summary of decreased the price of electricity under the monthly fuel price adjustment formula. Latest prices of the electricity after the decision will implemented for the [...]

Karachi Electric Supply Company fired 4000 employees

19, Jan 2011

The supplier of Electricity to the Pakistan largest city Karachi’s Karachi Electric Supply Company (KESC) has fired more than 4000 employees of non-active departments. According to company’s spokesman, the decision took place in order to make the organization more financially viable. On the other hand the employees announced that they will protest against the decision [...]

Coca-Cola once again declared as a top brand of the World

24, Sep 2010

Coca-Cola is now doubt one of the top brand of the world and it has its distribution almost every country of the world (The Company Coca-Cola claims that they sold Coca-Cola in more than 200 countries), you can simply say that’s it’s the most popular soft drink of the world. This year Coca-Cola once again [...]

Price of Vegetable and Fruit extraordinary high due to floods

18, Sep 2010

The people of Pakistan facing some different crisis now days one by one, this time the record increase in the prices of Vegetable and fruit is witnessed across the country and the main reason of this increase is the country worst floods, which devastated the many of the crops in the country include Tomato, Onion, [...]

KSE announced the top 25 companies of Pakistan for 2009

11, Sep 2010

Karachi Stock Exchange announces the top companies of the Pakistan every year which defiantly help investors and the shareholders for future business. Yes the purpose of the acknowledging the best performer of the Pakistan market is to help the market, KSE already designed a criteria for the selection of first 25 companies which includes, dividend [...]

Zamzama Gas Field Closed due to Flood Water inflow

7, Sep 2010

Floods Water enters into the Zamzama gas field at Sindh and several power plants have been closed due to the inflow of the water into the gas field. According to the reports, the field closer cause further 1000 megawatt shortfall in the production of electricity. After the closer of gas field Pakistan Electric Power Company [...]

Fifth hike in LPG price in the holy month of Ramadan

4, Sep 2010

Liquid Petroleum Gas which is normally known as LPG has huge consumptions in the areas where the natural gas is still not reached. The people from the all backgrounds using the LPG in those areas for daily 3 time cooking but now it’s going very difficult for the poor people to use the LPG Cylinder [...]

IMF will give $450mn in Emergency floods aid to Pakistan

2, Sep 2010

Pakistan is continuously getting the aid from the every part of the world for the rescue, relief and rehabilitation work for the floods affected people of Pakistan. According to the reports one out of five Pakistani affected due to the country worst floods. Similarly International Monetary Fund committed that it will provide $450 million to [...]

The World Bank increased its supports to Pakistan

2, Sep 2010

The World Bank has announced that it will increase its floods support to the Pakistan and in this context the bank increased the financial support from $900mn to $1billion. According to the reports, World Bank Group President Robert B Zoellick informed the Pakistan’s Finance Minister Abdul Hafeez Shaikh about the bank decision and promised that [...]

OGRA announced the changes in Petroleum Prices

1, Sep 2010

As yesterday we informed you about the petroleum prices changed expected today. The Pakistan Oil and Gas Regulatory Authority (OGRA) today announce the new prices for the petrol and diesel which affected from today. The Authority increased the price of diesel by Rs 1.57 per liter and on the other hand they announced the decrease [...]

Qadirpur gas field going to close for next 10 Days

31, Aug 2010

Qadirpur gas field is the one the country largest gas field and covering most areas of the country will remain close for the next 10 days. According to the media sources, the reason of the close is that the annual maintenance work is due, which will start from the 10th September and will continue to [...]

Petroleum Price expected to increase from tomorrow

31, Aug 2010

According to news sources that it’s expected that the Petroleum products prices go up by around 60 paisas to Rs 1.50 per liter from tomorrow 1st September.  The secret sources of oil marketing companies said that the increase of prices in Oil was witnessed in the international market in the last month.

Paul Allen Microsoft co-founder sues hi-tech giants

29, Aug 2010

Paul Allen the co-founder of Microsoft is suing some high-tech giants for using patents of Microsoft which they made in 1990s. According to the news reports Paul Allen took a legal action against the world giants which include Apple, Facebook, Yahoo, Google, e-bay and six other firms. He states that web technologies first developed by [...]


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