Pakistan Observer


Huawei’s reveals fastest- charging batteries

Lahore—Fast Charging batteries have been unveiled during an event in Japan, last week at the 56thBattery Symposium in Nagoya. Huawei showed its fast charging power packs through videos at the Symposium. Two batteries, one of 600 mAh power and another of 3000 mAh power were demonstrated in the videos. ... Sunday, November 29, 2015 Details

J. Walter Thompson gets new CEO

Karachi—J. Walter Thompson Asia Pacific appointed Imran Afzal CEO of J. Walter Thompson Pakistan, effective November 18. Afzal succeeds Mansoor Karim Sheikh, who has left to pursue other business opportunities after a long career with the agency, including eight years as CEO. Afzal, a J. Walter Thompson Company veteran, joined the agency ... Sunday, November 29, 2015 Details

VimpelCom, Global Telecom unite in business

Islamabad—VimpelCom Ltd. (“VimpelCom”) and Global Telecom Holding S.A.E. (“GTH”), together with Warid Telecom Pakistan LLC and Bank Alfalah Limited (“Dhabi Group shareholders”), have today reached an agreement to merge their Pakistan telecom businesses. ... Sunday, November 29, 2015 Details

Nishat Group issues fact sheet

Karachi—Nishat Group has issued a fact sheet about acquisition of St. James Hotel & Club Limited, United Kingdom in 2010 by Mansha family, the sponsors of the group, whose members feature in the list of top tax payers in the country. ‘Mansha Family proceeded with ... Sunday, November 29, 2015 Details

LG Electronics unveils largest OLED display

Islamabad—LG Electronics (LG), the world’s leading OLED TV manufacturer, unveiled two of the largest OLED displays in the world at South Korea’s Incheon International Airport. LG worked closely with the renowned French design firm Wilmotte & Associates to develop the massive structures that adorn the main terminal of the award-winning airport. ... Sunday, November 29, 2015 Details

Customers prefer buying property instead of renting

Islamabad—Recent research conducted by Lamudi, Pakistan’s best online property portal, indicates that 62 percent of millennial property hunters are interested in buying instead of renting. This should be a wake-up call for anyone involved in the nation’s real estate sector. ... Sunday, November 29, 2015 Details

ICCI demands big cut in POL prices

Islamabad—Islamabad Chamber of Commerce and Industry has called upon the government to make sufficient cut in POL products prices to pass on the full benefit of reduced oil prices in international market to the business community and the common man. ... Sunday, November 29, 2015 Details

SCCI trade delegation leaves for Abu Dhabi, Kuwait

Sialkot—A 11-member trade delegation of Sialkot Chamber of Commerce and Industry (SCCI) headed by Qaiser Baig, Chairman Departmental Committee left for Abu Dhabi and Kuwait from here on Saturday. ... Sunday, November 29, 2015 Details

Azerbijan keen to advance trade ties

Lahore—Ambassador of Azerbaijan Dashgin Shikarov said on Saturday that Azerbaijan is keen to strengthen trade and economic ties with Pakistan and joint efforts from business community of both sides can help tap huge potential existed in both countries. ... Sunday, November 29, 2015 Details

Business community issues to be resolved soon: Rajwana

Lahore—Governor Punjab Malik Muhammad Rafique Rajwana on Saturday said government is aware of the problems of the business community, which would be resolved soon. He said that vibrant private sector of Pakistan is engine of the growth, which will be given all the facilities, as its importance cannot be undermined. ... Sunday, November 29, 2015 Details

Directive issued to use secure, reliable communication means

Islamabad—Cabinet Division has issued directives to all Federal Secretaries and PSO’s to Chief Secretaries of all provincial Governments to use secure & reliable communication channels (voice/data) to safeguard against breach of security. ... Sunday, November 29, 2015 Details

Imported used cars sales on peak

Karachi—Despite higher productions and sales of local cars, the demand of the imported used cars is continuously rising in the local markets throughout the country owing to its safety bag and other built-in safety functions. The new auto policy is still under consideration by the trade minister or Economic Coordination Committee (ECC) for the last three months. ... Sunday, November 29, 2015 Details

Zong to invest $1b to expand 3G, 4G techs

Karachi—During the 2nd Consumers IT and Telecom Conference Zong Deputy CEO, Niaz A Malik, said that Zong would invest $1 billion in the next two years for the expansion of their 3G and 4G technologies. Zong has decided to increase its infrastructure at a faster pace in Pakistan to provide qualitative services to their consumers even though this technology is ... Sunday, November 29, 2015 Details

SECP presents draft Companies Bill 2015

Islamabad—The Chairman Securities and Exchange Commission of Pakistan (SECP), Zafarul Haq Hijazi, Saturday, presented the draft Companies Bill 2015 to Finance Minister, Senator Mohammad Ishaq Dar. The Bill envisages replacing the existing Companies Ordinance 1984. The proposed Companies Bill first and foremost aims at maximum facilitation to the Corporate Sector. It has the objective of strengthening regulatory regime especially for the companies having public interest. ... Sunday, November 29, 2015 Details

Trading improves amid high buying in cotton mart

Trading improves amid high buying in cotton mart Karachi—Trade activity improved on the cotton market after an emergence of fresh buying interest by mills and spinners, dealers said. The official spot rate retained overnight levels at Rs 5,350, dealers said. In Sindh, seed cotton prices were at Rs 2200 and Rs 2800 and in the Punjab, rates were at Rs 2300 and Rs 3050, they said. In the ready business, the deals of over 17,000 bales of cotton finalised between Rs 5300 and Rs 5600, they said. ... Sunday, November 29, 2015 Details