Thursday, May 19, 2005
Foreign Remittances Changing Rural Pakistani Lifestyles
The children have Swatch watches, branded sports shoes and other symbols of affluence. In obvious contrast, their mother and paternal grandparents, with whom they live, still dress in the simple cotton clothes of poverty. She regards the refrigerator, flat-screen television set and air-conditioner in their house with a wariness akin to suspicion. Regular remittances …
Continue reading »Pakistani Tutoring House in US Helps Students Get in the Zone
After running a tutoring business in Pakistan for more than 30 years, Anwar Khan said he decided to develop a similar center here. More than 15,000 students, he says, have gone through his Pakistan tutoring center. Mariyam has worked about five years for Kumon, a well-known tutoring business in the area; Thomas has tutored independently …
Continue reading »US Department Store Doubles Pakistan Imports
US department store operator JC Penney says it will double its readymade garments and home textiles imports from Pakistan over a two-year period. JC Penney’s Tom Gorski said that the amount of textile exports from Pakistan would grow by PKR8 billion as a result of the deal. Gorski said that the sale of Pakistani-produced …
Continue reading »Study Shows Karachi Among 12 ‘Extended Cities’ in Asia
Karachi is among the 12 cities in Asia after Tokyo, Mumbai, Beijing, Metro Manila and Seoul, where development has sprawled into the surrounding countryside. According to a study, these are greater than cities plus suburbs, for almost all development has sprawled into the surrounding countryside, enveloping villages, towns, and small and medium-size cities, creating “extended …
Continue reading »Pakistan Telecommunication Best Performing in Asia
Pakistan Telecommunication, Indosat of Indonesia and True of Thailand are the best performers among Asian phone shares this month as investors bet on expansion in nations with the fastest growth in subscribers. Investors are following Singapore Telecommunications and Norway’s Telenor, which have bought stakes in cellphone operators in South Asia and Southeast Asia to benefit …
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