Archive for the ‘Business & Economy’ Category

PTCL 2009/10 Net Profit reaches to 9.29 billion

27, Aug 2010

Pakistan Telecommunication Company Limited (PTCL) Net Profit of financial year 2009/10 reaches to 9.29 billion rupee ($108.5 million) which mean the PTCL per share is now Rs. 1.82 and there is slightly increase in the profit of PTCL if we compare it to the last year profit which was 9.15 billion in last financial year. [...]

Federal Board of Revenue thinking to impose 5% flood-tax

27, Aug 2010

Today the news is circulating in the media that the Federal Board of Revenue (FBR) is thinking about to impose a five percent surcharge on the some selected goods to handled the damages of the country’s worst ever flood which damaged the country in a really bad way and affected more than 20 million people, [...]

Electricity tariff once again increased by Nepra by 26 Paisas

26, Aug 2010

Power tariff continuously increasing since the last two years and yet again National Electric Power Regulatory Authority (NEPRA) has announced the increase the prices of power tariff by 26 paisas per unit. The Nepra said that the new increase will not implement on the consumers who are using over 50 units. The power tariff increase [...]

Once again LPG price up by Rs. 5 per Kg

19, Aug 2010

There is millions of Liquefied Petroleum Gas (LPG) consumer across the country and the worries continue for them because this is the third time the price of LPG hiked by the authorities in last 10 days. This time the prices of LPG have been increased by Rs. 5 per kilogram according to the reports. According [...]

102 Trains are stopped by Pakistan Railways due to Losses

12, Aug 2010

Pakistan Railways today announced that they will stop the services of Pakistan Railways around 102 trains by Thursday. Pakistan Railways facing too many problems and bearing the heavy losses in the recent years and because of these losses earlier Pakistan Railways suspended the operation of 28 trains. According to Ashfaq Khattak, General Manager of Pakistan [...]

Atta will be Available in Rs. 20 per kg in Ramadan Sasta Bazaars

9, Aug 2010

As Ramadan is starting from at the end of this week and people are going worried about the high prices of daily life commodities, as it is normal practice in Pakistan that the prices of daily usage commodities goes up before Ramadan. But thanks to Punjab Government who announced Rs.4.5 billion subsidy for flour mills [...]

PHA will launch housing schemes soon in Islamabad, Quetta and Karachi

5, Aug 2010

Federal Minister for Housing and Works Rahamatullah Kakar (elected MNA on the ticket of JUI-F) announced that the Pakistan Housing Authority (PHA) will launch soon three joint venture housing schemes at the same time in Islamabad, Karachi and Quetta in reasonable prices. The announcement was made in a meeting with Pakistan Housing Authority here in Islamabad [...]

CNG Price increased by Rupee 1.73 per KG

29, Jul 2010

I don’t know what’s going on here in Pakistan. Government is really testing the people of Pakistan there is continuously increase first in the different daily usage commodities, then continuously increase in the price of electricity and now increase in the prices of Compressed Natural Gas (CNG). Oil and Gas regulatory Authority (OGRA) just increased [...]

Ufone gave raise to their all employees by 15-25%

26, Jul 2010

Ufone the popular and one of the most successful telecom operators of Pakistan has increased the salaries of their all employees by minimum 15 percent and gave raised to max 25 percent who perform outstandingly in their past year, this is what we heard from some of our very reliable source but still there is [...]

British Petroleum decided to close its operation in Pakistan

21, Jul 2010

International oil-drilling company British Petroleum (BP), who was working in a District Badin (Sind), has finally decided to close its all operation in Pakistan and will sale out its shares soon because of some financial crisis. Regarding sale of their assets in Pakistan, BP is in touch with a UAE based company and already met [...]

Nepra announced 14 Paisa per unit increase in power Tariff

29, Jun 2010

The Power regulation authority Nepra (National Electric Power Regulatory Authority) today announced that their will 14 paisa per unit increased in Electricity tariff. Nepra spokesman said that the decision is taken due to the high prices of the fuel in the international market. It is really difficult for me and many of you to understand [...]

MCB failed to pay and Finally RBS Pakistan Acquired by Faysal Bank

16, Jun 2010

Now Convert into Royal Bank of Scotland who came to Pakistan not more than 2 years ago when they acquired the ABN Amero Bank of Pakistan. After their first year of business in Pakistan they decided to offer their share in a market for sale and these rumors were already in the market that RBS [...]

Court incriminated Moeen Aftab Steal Mill’s chief in corruption case

12, Jun 2010

Pakistan Steel Mills (PSM) former Chairman Moeen Aftab and ten other people were convicted in the case of Canteen corruption. The case is under hearing of Judge Shaukat Memon in Federal Anti-Corruption Court. Sources more said that the accused including Moeen Aftab, Brig. (rtd) Abdul Qayyum, Ateeq Ahmed appealed against the decision of the court. [...]

PM Gilani Announced a bailout package for Pakistan Steal mills

11, Jun 2010

Prime Minster of Pakistan Syed Yousuf Raza Gilani approved a special bailout package of Rs 25 billion for the Pakistan Steal Mill (PSM) in a special meeting in a PM house on Friday evening. The purpose of meeting to review the different option to overcome the crisis of Pakistan Steal Mill. Earlier bailout packages were [...]


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