Skip to content

Admin

Pakistan needs seven percent growth rate for survival

Pakistan’s economic condition is on the verge of collapse and in order to survive, it needs a growth rate of seven percent over the next few years as against the present three to four percent, reads a paper prepared by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).

FPCCI has presented this study to the government in response to the Vision 2025 prepared by the Planning Commission for the revival of the economy. The report has been prepared by the Research and Development wing of the premier trade body of the country and says that future challenges can only be safeguarded against if the country has a double digit growth rate.Read More »Pakistan needs seven percent growth rate for survival

Sales of local car assemblers fall 22% in 2013

KARACHI: Unfavorable economic conditions and mounting inflation coupled with unavailability of affordable cars restrained Pakistanis from buying new cars during the year 2013.
Overall situation of all business sectors in the country remained middling in the calendar year 2013 (CY13), thus the auto sector which was still dominated by three Japanese auto assemblers in CY13 failed to register any noteworthy performance in terms of sales and offering new variants. Honda Atlas Cars (HCAR), Indus Motor Company (IMC) and Pakistan Suzuki Motor Company (PSMC) jointly managed to sell 125,204 units of different models of their old models and some new variants in the Jeeps segment.Read More »Sales of local car assemblers fall 22% in 2013

Basant at Changa Manga

LAHORE: The Punjab government has announced to hold Basant festival at the Changa Manga forest from February 21 to March 5, and a formal notification in this regard has already been issued.
This notification has been issued on the continued pressure from the kite-flying association of the provincial metropolis, as well as the supporters of the dying industry of kites and strings manufacturing.
Another reason for allowing the festival was to provide entertainment facilities to the kite lovers, who had been legally stopped from flying kites following a number of deaths in the city caused by metallic twines. However, the citizens are still divided over whether to celebrate the festival at the designated place or not. Read More »Basant at Changa Manga

MCB launches world’s first socially connected Mobile Wallet

LAHORE: The Muslim Commercial Bank (MCB) has launched the world’s first socially connected Mobile Wallet backed by the powerful technology giant -VISA on the eve of New Year terming it an innovative package for its clients.
The commercial launch ceremony of MCB Lite held at MCB House Lahore.  MCB President & CEO Imran Maqbool, Group Head (Retail) Ali Kazmi, Digital Banking & Business Development Head Qasif Shahid, a large number of other stakeholders and media was present on this occasion.Read More »MCB launches world’s first socially connected Mobile Wallet

Breakthrough in coal power

  • by

Until the late 1970’s, Pakistan’s entire power generation was based on indigenous resources. Now, less than 60 per cent of power generation is from indigenous resources, which are depleting fast or getting out of use.

There are now no two opinions that after hydropower generation, domestic coal, in the long run, is going to be the cheapest source of power generation when compared with imported coal, LNG, furnace oil and high speed diesel. Domestic natural gas, although cheaper than coal, is fast becoming a scarce commodity, and is at the centre of political wrangling.Read More »Breakthrough in coal power

Afghan officials begin handing over security check posts to Taliban

  • by

US alarmed by surprising move

December 23, 2013: In a surprising development the Afghan security officials have begun handing over several security check-posts to Afghan Taliban peacefully.

The latest action by Afghan security forces took the U.S. officials by storm and U.S. Defence Secretary Chuck Hagel had to make a statement that he was concerned by “unconfirmed reports that Afghan forces turned some security checkpoints over to the Taliban.”
Read More »Afghan officials begin handing over security check posts to Taliban

Pakistan in search of new life

  • by

Dr Mahboob A Khwaja

Nothing has changed over the years except Pakistan is floating in a bubble of political, social, economic and strategic entanglement and it is just a matter of time that foreign masters could undermine its flight without notice. Pakistanis are camouflaged into a world of fantasy and dream that crime-riddled corrupt politics of the few could rescue them from catastrophic consequences unthinkable to conventional wisdom at the present.
Read More »Pakistan in search of new life

Pakistani applicants to pay UK visa fee online

 

The British High Commission (BHC) has announced that applicants from Pakistan applying for the UK have to pay the visa fee through an online process from today (Monday) to onwards. Head of Visa section BHC Margaret Partridge announced while inaugurating the online services in Islamabad. “As part of the UK government’s Digital by Default initiative, this move will help cut costs and help keep visa fees down,” a statement quoted her as saying. She said that it would also be a safer system for customers as it reduces the risk associated with handling large amounts of Read More »Pakistani applicants to pay UK visa fee online