Wednesday, January 12, 2005
Pakistani Kite Festival Aims to Boost Tourism Culture
Pakistan it seems is taking a keen interest in boosting tourism in the country. After the government’s decision to host the much hyped Taxila week in March and April this year, Pakistan is all set to host the Lahore Basant Festival 2005. “The Lahore Basant Festival 2005 will start from February 3 and will continue …
Continue reading »Karachi Stocks Hit Historic High, Cross 6,700 Points
The Karachi Stock Exchange (KSE) has recorded its largest single day gain, surging 3.5% to a new high. The index rose 225.79 points in four hours of furious trading, with many investors optimistic that political stability could bring an economic boom. The KSE index closed at 6709.93 - an overall gain of nearly 400 points …
Continue reading »Pakistan Textiles Weave into a New Era
Mian Mohammad Mansha, Pakistan’s wealthiest textile industrialist, considers himself well-prepared for the challenges ahead after the abolition of the global textile quota system this month. The end of the global quota system on January 1, under which the US and the European Union restricted textile imports according to their country of origin, promises to have …
Continue reading »Number of Registered Companies Jump to New High
Among the registered companies at the end of calendar year 2004, there were 2,816 public companies, 40,930 private companies, 190 single member companies, 283 associations not for profit, 54 companies limited by guarantee, 167 trade organizations, 583 foreign companies and five companies with unlimited liabilities. There were new registrations of 233 companies with the SECP …
Continue reading »U.S. Paper Opens Islamabad Bureau
Newsday announced today that is has opened a new bureau in Islamabad, Pakistan. James Rupert has been named bureau chief. He will cover other regions in the area including Afghanistan, Iran, and India. Previously, Rupert was Newsday’s deputy foreign editor, based in the paper’s Melville, N.Y. headquarters. He speaks French, Russian, Arabic, and Persian. “Pakistan …
Continue reading »New Oil and Gas Discoveries in Pakistan
MOL Hungarian Oil and Gas Company announced Monday that it has made a new (second) discovery of oil and gas in the Tal Block, located in the Northern Western Frontier Province of Pakistan. Exploration activity already resulted in a discovery (Manzalai-1 well) in December 2002, and following the first discovery, the consortium decided to continue …
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