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Tag Archives: Business

European tourism industry hit hard by Brussels terror attacks

European tourism industry hit hard by Brussels terror attacks. Photo: Charles Platiau/Reuters

Brussels terror attack has altered perceptions of the continent’s safety. The impact of the Brussels terror onslaught was immediate. Within days, occupancy rates at some hotels in the city plunged to just 25%, according to preliminary estimates from STR, a company that tracks hotel industry data. The rate had been 82% the night before the bombings. Other European cities felt ... Read More »

Pakistan and Iran agree to enhance trade volume to $5 billion

Pakistani PM Nawaz Sharif addressing the Pakistan-Iran Joint Business Forum in Islamabad on March 26, 2016.

Pakistan and Iran have plan to take annual trade to $5 billion under the five-year Strategic Trade Cooperation Plan ISLAMABAD – Pakistan and Iran have set an ambitious target of taking annual trade to $5 billion in next five years. The current volume of bilateral trade is mere $250 million. Board of Investment (BOI) Chairman Miftah Ismail said that construction ... Read More »

Pakistan and Iran vow to boost trade, defence ties

Pakistani PM Nawaz Sharif and Iranian President Hassan Rouhani in one-on-one meeting at PM House in Islamabad on March 25, 2016.

Pakistan and Iran sign 6 MoUs during the visit of first Iranian head of state to neighbouring Pakistan in the last 14 years. Pakistani Prime Minister Nawaz Sharif and Iranian President Hassan Rouhani have vowed to boost cooperation on regional security and trade during talks in Islamabad, the first visit by an Iranian head of state in 14 years. Pakistan and ... Read More »

Pakistanis detained at Moscow airport likely to be deported soon

Russia has deported 48 Pakistanis yesterday. Other stranded Pakistani traders are likely to be deported today MOSCOW (Russia) – Around 84 Pakistanis traders, being held at Moscow airport since early Thursday morning, are likely to be deported by evening, Pakistan Foreign Office has stated. “The Foreign Office is in touch with the Russian embassy in Islamabad on the matter,” said FO ... Read More »

Samsung Galaxy S7 and S7-Edge launched in Pakistan

Samsung Galaxy S7 and S7-Edge launched in Pakistan

Samsung has also promised a ‘Free’ Galaxy Gear VR with each confirmed pre-booking of Galaxy S7 and Galaxy S7 Edge in Pakistan LAHORE – Samsung held a grand launch ceremony to announce the launch of Galaxy S7 and Galaxy S7 edge, at Samsung IMAX in Lahore. The most anticipated smartphones of 2016, both the devices have received an overwhelming response from the consumers. ... Read More »

Coca-Cola opens new Multan plant, promises $200 million investment

A customer shops near bottles of Coca-Cola Co. soft drinks at a supermarket in the Brooklyn borough of New York, U.S.

Coca-Cola İçecek (CCI) has opened a $70-million coke bottling plant in Multan and plans to invest another $200 million in Pakistan in the next 3 years. CCI chairman Tuncay Özilhan and Finance Minister Ishaq Dar inaugurated Coca-Cola Beverages Pakistan Limited’s (CCBPL) brand new bottling plant set up in Multan. The new bottling plant in Multan is spread over 120,000 square ... Read More »

Russia has largest number of female business leaders

rus

Russia, Philippines have the highest share of women in senior business roles When it comes to the percentage of senior management roles held by women, the United States, United Kingdom ad Australia are far behind much of the world. With 45 per cent of senior management positions held by women, Russia has once again topped a ranking of countries with the ... Read More »

ICCI and UNIDO launch Women Business Growth Centre

Women Business Growth Centre launched in Islamabad on Women's Day

Islamabad Chamber of Commerce and industry and UNIDO launch Women Business Growth Center and Women in Cleantech Campaign on the International Women’s Day 2016 ISLAMABAD – Women Business Growth Centre (WBGC) was launched in Islamabad on International Women’s Day by Islamabad Chamber of Commerce (ICCI) and Industry (ICCI) in collaboration with United Nations Industrial Development Organization (UNIDO). At this occasion, UNIDO in collaboration ... Read More »

Cathay Pacific 2015 profit soars 90% on low oil prices

Cathay Dragon

Hong Kong flag carrier Cathay Pacific said Wednesday that net profit for 2015 rose 90 percent, beating expectations, with the firm attributing the surge to huge savings on fuel as oil prices tumbled. Cathay Pacific Airways has posted a net profit of HK$6 billion ($774 million) for 2015, up 90.5% compared to a net profit of HK$3.15 billion for 2014. Cathay’s overall ... Read More »

Pakistan, Germany to launch renewable energy forum

Speakers at 5th International Renewable Energy and Energy Efficiency Conference held in Islamabad

Pakistan and Germany are working on Pak-German Renewable Energy Forum (REF) to connect Pakistani-German stakeholders from public and private sectors of Renewable Energy and Energy Efficiency, Ambassador of Germany to Pakistan Ina Lepel said on Saturday. Speaking at the 5th International Exhibition and Conference on Renewable Energy and Energy Efficiency, she said the German Development Cooperation had been engaged in renewable energy ... Read More »

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