Tag: Market

LAHORE - Rescue officials found four bodies and some limbs from debris of Shah Alam Market plazas. The bodies were identified as Eesah Masih, 60, Naeem Iqbal Masih and Sohail Khan, residents of the Lakar Mandi, Mochi Gate and Shangla respectively while one body remains unidentified.
Rescue officials said two victims worked as sweepers at the Behria Plaza. Rescue officials said the bodies were identified by their ID cards. The bodies were removed to the morgue for autopsy while

Pakistan State Oil (PSO) market share has shrunk to 66.3 percent during the first half of Financial Year 2011 (FY11) against its share of 71 percent during the corresponding period last year. Total volumes declined by 10 percent in annual terms whilst industry witnesses growth of 1.3 percent annually for the second quarter of FY11.
Moreover, the management's lack of confidence in an immediate resolution on circular debt has hurt investor sentiment, particularly given hopes for

ISLAMABAD - The government has reached an understanding with the State Bank of Pakistan (SBP) that it would borrow from the market to bridge fiscal deficit if the projected external inflows did not materialise during the current fiscal year. An official source said that decision was finalised after the central bank expressed concerns over the government borrowing if projected external inflows did not materialise during the current fiscal years.
Worries were related to the

LAHORE - The City District Government Lahore (CDGL) on Thursday issued a report on reasons for eruption for the fire at the Shah Alam Market on Monday. According to the report, rescue teams reached the spot late, which enabled the fire to engulf nearby buildings.
The report revealed that congested streets of the Shah Alam Market helped spread the fire, which created hurdles for rescue teams in extinguishing it. Illegal chemicals were stored in plazas, the report said adding that

ISLAMABAD - Islamic finance has proved its viability on a global scale as Islamic banking and finance is spreading at a rapid pace, Federal Minister for Finance and Economic Affairs, Dr Abdul Hafeez Sheikh has stated. "In the wake of recent global financial crisis and debt problem of the Third world countries and the Eurozone, Islamic finance is now firmly established in the mainstream," the federal minister said while addressing the inaugural session of two day international

LAHORE - "Forget about the house, just run along with a hand bag and fill it with little but costly items", a local resident was ordering his wife and other relatives after seeing the fire engulfing near by buildings after damaging 11 plazas, two houses and three mosques located at the Shah Alam Market.
Akbar, a local resident, was sleeping inside his house when the fire erupted inside the Baheria Plaza. He immediately came out of his house, thinking that rescue officials will

LONDON - Ringo Starr has sparked speculation he's preparing to launch himself into the video games market by trade-marking his name for the industry. The 'Beatles' legend has filed an application to trademark the name 'Ringo' for video game software and downloadable computer games.
The paperwork was filed on 23 January and applies to "computer game software" and "downloadable computer games via the internet and wireless devices"; prompting speculation he is planning to launch his

LAHORE - Amid deep controversies, the Lahore Development Authority (LDA) has finalised arrangements to shift the Fruit and Vegetable Market, Kot Lakhpat, Model Town Extension Scheme, Ferozepure Road, Pakistan Today has learnt.
According to sources, Lahore District Coordination Officer (DCO) Ahad Cheema was architect of the proposed shifting, as he wants to please some of his friends. "Some close friends of the DCO, big shareholders in IT Tower located near the market complained

KARACHI - The State Bank of Pakistan (SBP) continued injecting liquidity into the money market that, analysts believe, is faced with liquidity crunch due to the rupee blockade as non-performing loans (NPL) mount and excessive government borrowing from the scheduled banks takes a toll.
The state bank, in its fifth reverse repo open market operation of the month in the Government of Pakistan Market Treasury Bills and Pakistan Investment Bonds, injected some Rs 8.0 billion into the

KARACHI - The rupee blockade in the face of non-performing loans (NPLs) and the government's focus on borrowing from the scheduled banks has created a liquidity crunch in the local money market. The State Bank of Pakistan (SBP), for this reason, had to inject over Rs 92.35 billion into the banking system in only 16 days during the current month.
The central bank injected Rs 32.6 billion, Rs 19.95 billion, Rs 33.85 billion and Rs 5.95 billion on the sixth, 15th, 17th and 21st of

KARACHI - A delegation of Pakistani textile exporters is set to depart for Japan to evaluate the potentially lucrative market. A Pakistani mission in collaboration with Japan External Trade Organisation (JETRO) and Japan International Cooperation Agency (JICA) would assess the market in the foreign country.
This was stated by Trade Development Authority of Pakistan (TDAP) Chief Executive Tariq Iqbal Puri, while speaking to media personnel after communicating with Lahore based

KARACHI - 'Air Transport World' (ATW), a leading magazine covering the airline industry, today announced that Turkish Airlines (TA) is to receive the 'Market Leadership Award 2011'.
ATW's award is coveted in the industry and regarded as a prestigious award. Turkish Airlines Chief Executive Officer (CEO) Dr Temel Kotil will be accepting the award at ATW Gala Dinner on February 8, 2011 in Washington, DC.

ISLAMABAD - Pakistan's size, geographical importance and abundant natural resources provide an ample opportunity for it to play a greater role in the global economy, USAID Mission Director Dr Andrew Sisson has pointed out.
He was speaking at the Public-Private Sector Consultative Roundtable Meeting on Trade, organised by US Agency for International Development's Pakistan Trade Project with support of Ministry of Commerce.
The roundtable has been organised with an aim to

LAHORE - Federal and provincial health department's failure to monitor pharmaceutical companies and their distributors to ensure the supply of life saving drugs (LSDs) has created a "black market" for the crucial drugs, leaving thousands of critical patients at the mercy of profiteers, Pakistan Today has learnt.
According to details, Angised (for blood pressure and heart attack patients), Ventolin and Ventiline inhalers, Thyroxin (thyroid problems), Digoxin (heart enlargement),

KARACHI - Pakistan, presently exporting halal foods to most Middle Eastern countries, is also making concerted efforts to enter the potentially lucrative Halal market in Kuwait and attempting to address the vexing issue of hygiene standards.
During the third session of Pakistan-Kuwait Joint Ministerial Commission (JMC) to be held in Kuwait on January 17, Islamabad will also seek the relaxation of Kuwaiti visa policy which, according to sources, was hampering bilateral trade.