General Business News

Islamabad: A three-member German parliamentary delegation of the ruling Christian Democratic Party (CDU), comprising Mr. Roderich KIESEWETTER, Mr. Michael GAHLER, and Mr. Ernst-Reinhard BECK called on Foreign Minister Hina Rabbani Khar, today. They discussed bilateral relations and also exchanged views on important regional issues of mutual interest. The Foreign Minister …

Lahore: Etihad Airways, the national airline of the United Arab Emirates, carried a record 8.29 million passengers in 2011, a 17 per cent increase on the previous year. The jump represented an extra 1.197 million passengers on the carrier’s global network covering 82 passenger and cargo destinations. Etihad Airways President …

Karachi: Karachi Electric Supply Company has announced that the power supply to certain areas of city will be interrupted on Monday January 30 between 09:00am and 07:00pm due to installation of Check Meters, PMT, Busbar Sleeves and Preventive Maintenance. Power supply to the following areas will be interrupted. North Nazimabad …

Lahore: The Pakistan Credit Rating Agency (PACRA) has assigned a long term entity rating of “A-” (Single A minus) and short term rating of “A2” (A Two) to Hussain Mills Limited (HML). These ratings denote a low expectation of credit risk. The capacity for timely payment of financial commitments is …

Islamabad: ISLAMABAD STOCK EXCHANGE (GUARANTEE) LIMITED CLOSING RATE SUMMARY Unified Trading System (UTS) From 9:30 A.M to 03:30 P.M Monday January 30, 2012   Previous Volume 59,365 Prv. ISE 10 Index   = 2,646.17 Current Volume 86,600 Crr. ISE 10 Index   = 2,631.64 Net Change (14.53) Total 109 Equal               = 0 …

Islamabad: The Subsidiary Loan Agreement of US $ 40.00 million was signed here on Monday between EAD and Neelum Jhelum Hydropower Project Company (NJHPC). Mr. Abdul Wajid Rana, Secretary Economic Affairs Division represented the Government of Pakistan while Lt. Gen. ® Muhammad Zubair , Chief Executive Officer represented the NJHPC. …

Karachi: A Korean delegation based in United States led by Mr. Jun Sik Lee President, International Seafoods of Alaska, Inc. visited the Karachi Fisheries Harbour Authority (KFHA) to share their expertise with Pakistani seafood exporter to bring improvement in processing of fishery products. The company has established its canneries in …