Business News
China seriously considers trade imbalance with Pak
Staff Reporter
Islamabad—Chinese Premier Li Kiqiang has said that China takes its trade imbalance with Pakistan seriously and is taking measures to address the issue as there is great potential to be tapped in their economic cooperation.
He said Pakistan’s export to China last year increased by nearly 50 percent. China is Pakistan’s second largest trading partner and fourth largest export market. Steady progress has been made in their cooperation in energy, infrastructure, telecommunications and financial sectors.
Indian ‘attacks’ Norwegian telco to get at Pakistan, China
Oslo—Security researchers have uncovered what appears to be a sophisticated targeted attack launched from India and designed to steal information from a range of government and private enterprise victims in Pakistan, China and elsewhere. What began as an investigation into an attack on Norwegian operator Telenor soon uncovered evidence to show attackers probably hailing from India had been lifting info from business, government, political organisations for as long as three years.Kashmiri boy develops Android device to track cell phones
Srinagar—A 22-year old Kashmiri student has developed an Android application that can track lost cell phones and show call log even after the SIM was changed or phone rebooted. Arshid Dar, a student of Kashmir University’s Computer Application Department has named the application as ‘Android Spy’ that tracks lost mobile phones by using both GPS navigation and tower location.6-day CNG suspension plan rejected
Staff Reporter
Islamabad—The All Pakistan CNG Association (APCNGA) on Tuesday rejected the plan of ministry of petroleum and natural resources to suspend gas supply to CNG outlets for six days under the garb of maintenance of plants at Qadirpur gasfiled.
The decision to bar CNG outlets from business from May 21 to May 27 will take toll on masses and businesses therefore this decision cannot be accepted, said Ghiyas Abdullah Paracha, Chairman Supreme Council All Pakistan CNG Association.
Agri credit surges by 15.74pc to Rs259.1b in ten months
Staff Reporter
Karachi—Agricultural credit disbursement by banks surged by 15.74 percent on year-on-year basis to Rs 259.1 billion in first ten months (July-April) of the current fiscal year.
The increase is over Rs 35.23 billion when compared with the total disbursement of Rs 223.85 billion in the same period of the last fiscal year, said a statement issued by State Bank of Pakistan (SBP) here on Tuesday.
Coca-Cola bids for peace across Pakistan, India border
New Delhi—Leo Burnett Sydney has developed an ambitious campaign for Coca Cola aimed at unifying customers across the vexed political divide between India and Pakistan. The concept saw the placement of “Small World Machines” to facilitate live communications across the border, and to “provoke happiness in the world through human connections.” Participants are encouraged to interact with the devices in order to receive a Coke.Khalid Mansoor new CEO of Hub Power
Amanullah Khan
Karachi—Khalid Mansoor has joined The Hub Power Company Limited as Chief Executive. The Board of Directors of the Company in its meeting held in Karachi on May 20, 2013 has appointed Mr. Khalid Mansoor as the Chief Executive of the Company with effect immediate effect. Khalid Mansoor has over 32 years of experience and expertise in Energy & Petrochemical Sectors in leading roles for mega size Projects Development, Execution, Management and Operations. He holds a Degree in Chemical Engineering with Distinction and honors.
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