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Setting up a Sugar Mill Costs less Than a kg of Potatoes

Setting up a Sugar Mill Costs less Than a kg of Potatoes

Thursday, May 22, 2014 11:15

Even after 42 years, the government has yet to amend the law on registering sugarcane mills as it still charges a mere Rs10 for a licence. [caption id="attachment_37313" align="alignright" width="346"] Sugar Mills[/caption] The mill owners or ...

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New Chinese Train Engine Fails First Assignment

New Chinese Train Engine Fails First Assignment

Tuesday, May 20, 2014 11:17

A new train engine imported from China by Pakistan Railway could not complete its first assignment and failed at Sukkur en route to Karachi on Monday. [caption id="attachment_37268" align="alignnone" width="576"] Chinese Train Engine[/caption] The engine ...

Potato Price Increased in Lahore

Potato Price Increased in Lahore

Monday, May 19, 2014 10:49

People of the country face another blow after the price of potatoes was increased in most of the cities. According to reports, the potato price has risen up to Rs80 per kg in Lahore, Rs 70kg in Karachi and Rs 60kg in Islamabad. The people expressed their unhappiness ...

Pakistan and Iran Agree to Pursue Gas Project (Despite Hurdles)

Pakistan and Iran Agree to Pursue Gas Project (Despite Hurdles)

Monday, May 12, 2014 13:02

Prime Minister Nawaz Sharif and Iranian President Hassan Rouhani have agreed to continue with the Iran-Pakistan gas pipeline project. The PM informed the Iranian President that he was there with his team of finance, petroleum and interior to resolve all the matters, which were creating hindrance in the ...

Ishaq Dar Assures for Establishing Asia Infrastructure Bank

Ishaq Dar Assures for Establishing Asia Infrastructure Bank

Tuesday, May 6, 2014 11:34

Finance Minister, Muhammad Ishaq Dar on Monday  assured full support to the Chinese Government for the establishment of Asia Infrastructure Bank. [caption id="attachment_37050" align="alignright" width="320"] Ishaq Dar[/caption] A statement issued by the Ministry of Finance said that ...

World Bank Approves $1.125 bn Loan for Pakistan

World Bank Approves $1.125 bn Loan for Pakistan

Friday, May 2, 2014 11:37

The Board of Directors of World Bank approved on Thursday three loans for Pakistan totaling $1.125 billion including $600 million for energy sector reforms. [caption id="attachment_36985" align="alignright" width="375"] World Bank[/caption] The energy sector loan is aimed at ...

Oil Prices May be Slashed from May

Oil Prices May be Slashed from May

Tuesday, April 29, 2014 10:52

The Oil and Gas Regulatory Authority (OGRA) forwarded a summary to petroleum and finance ministries on Monday, recommending fresh cut in prices of petroleum products for the coming month of May. [caption id="attachment_36924" align="alignnone" width="543"] Oil Prices[/caption] According to sources, ...

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From the Farmer to Your Door (Milk Factory)

From the Farmer to Your Door (Milk Factory)

Monday, April 28, 2014 10:47

The unhygienic environment that loose or unprocessed milk is exposed to is no secret to the Pakistani consumer. Loose milk has a market share of over 90% but there is no way to check its quality. One cannot be sure because the informal sector does not conduct any ...

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Pakistan Stock Market End Lower Rupee Strengthens

Pakistan Stock Market End Lower Rupee Strengthens

Thursday, April 24, 2014 13:00

Pakistan's main stock exchange closed lower on Wednesday, with the benchmark 100-share index of the Karachi Stock Exchange felling 1.63 percent, or 474.65 points to 28,717.19. [caption id="attachment_36856" align="alignnone" width="600"] Pakistan Stock Market[/caption] Ignoring opening of 3G/4G spectrum auction ...

3G-4G Auction Fetches $1.1 Billion (First of its Kind in Pakistan)

3G-4G Auction Fetches $1.1 Billion (First of its Kind in Pakistan)

Thursday, April 24, 2014 12:27

Pakistan on Wednesday successfully completed the auction for next-generation telecom spectrums – the first of its kind in the country – raising $1.112 billion or Rs111 billion from the process. [caption id="attachment_36834" align="alignright" width="384"] 3G-4G Auction[/caption] The ...