Business

Conducive environment for real estate sector demanded

F.P. Report ISLAMABAD: President, Islamabad Chamber of Commerce and Industry (ICCI) Muhammad Ahmed Waheed has said that real estate sector has the potential to drive the growth of economy and stressed that government should take policy measures to create conducive environment for it so that it could play more effective role in the economic development…

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Steps demanded to avert looming gas crisis

F.P. Report ISLAMABAD: The Pakistan Economy Watch on Monday said the crisis-like situation can emerge in the gas sector during winter which will be more serious than the last year’s crisis. A crisis can engulf the country in the biting winter as the production of local gas continues to fall, the LNG sector is riddled…

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Services’ trade exports decrease 7.15%

F.P. Report ISLAMABAD: The exports of services during the first two months of the current fiscal year decreased by 7.15 percent as compared to the corresponding period of last year. The services exports from the country during July-August (2019-20) were recorded at $809.03 million compared to the exports of $871.35 million during July-August (2018-19), showing…

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EFU Life bags 2 awards at ‘Dragons of Asia’

F.P. Report KARACHI: EFU Life Assurance Limited, the leading life insurance provider in the country, has been conferred two awards at the ‘Dragons of Asia’ ceremony that was held in Kuala Lumpur, Malaysia. ‘Dragons of Asia’ is a marketing communications industry award programme that recognizes the result-driven marketing strategies of various countries in the Asia-Pacific…

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Zong 4G partners with Enfrashareto expand network

F.P. Report ISLAMABAD: Zong 4G, Pakistan’s leading telecommunication network, has entered into a strategic partnership with Enfrashare Private Limited, a leading connectivity infrastructure provider. The partnership will support Zong 4G’s expansion of its largest 4G network of country to provide better coverage and an unrivaled subscriber experience. With more than 12,000 4G sites across Pakistan,…

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SALT launches winter collection

F.P. Report KARACHI: SALT, the pioneering western wear range from Ideas Pret, has just launched their highly anticipated winter collection. SALT by Ideas Pret Winter 2019 brings a world of warmth and style to winter fashion on the high street. SALT has become highly coveted for its high-quality western separates in contemporary silhouettes at affordable…

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Rupee gains 8 paisa against US dollar in interbank

F.P. Report KARACHI: The Pakistani rupee gained another 8 paisa in the interbank market on Monday. According to local news channel reports, rupee rose to a four-month high against the U.S. dollar and it recovered to Rs155.98 during the early trade hours. According to economists, international currency rates and devaluation may have affected currency rates…

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Gold, diamond shoes unveiled in Dubai

Monitoring Desk DUBAI: A pair of high heels that pays homage to the glamourous emirate of Dubai is vying to break the world record for the most expensive shoes in the world. Designed by Italian designer Antonio Vietri, the Moon Star Shoes were made with a solid gold heel that replicates the shape of the…

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GM workers struggle with daily expenses

Monitoring Desk DETROIT: Betty Johnson, who has worked on General Motors assembly lines in Michigan and Tennessee for more than 34 years, said she knew a strike by the United Auto Workers union would mean personal sacrifice. Nearly 50,000 GM hourly employees have been striking since September 16 in a walkout that has halted production…

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PG&E turns down San Francisco’s $2.5 billion offer to buy assets

Monitoring Desk SAN FRANCISCO: PG&E Corp rejected a $2.5 billion offer from San Francisco to buy the bankrupt Californian company’s power lines and other infrastructure within the city, calling the offer inadequate. The offer significantly undervalued the assets and a deal would not be in the best interest of the company’s customers, PG&E’s chief executive…

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