Pakistan government has ratified the $1.5 billion Iran pipeline project, which will bring around 750,000 Mcf/day of gas to the energy-starved country by January 2015, an official from petroleum ministry said Thursday. The federal ...
Tags: Iran, pipeline project, petroleum
Based in Singapore, Vish Iyer is president, Tata Consultancy Services (TCS)-Asia Pacific, where he is responsible for managing TCS operations across five geographies and 13 countries in the region. Recently, he had a freewheeling ...
Tags: Cloud, Banking, Computer Products
Shipping firms have reportedly been pushing the government to allow a tax free bond issue similar to the INR 5,000 crore infrastructure bond earmarked for the ports sector. It said that the companies want the government to permit ...
Tags: India, Shipping Firms, ports sector
Dr Ishrat Husain former governor of State Bank of Pakistan said that bad governance is the root cause of all economic ills. Dr Husain at a seminar on Pakistan Economic Outlook 2013 & Beyond organized by the Institute of Chartered ...
Tags: economic outlook, economic, sustainable economic growth
Infrastructure Leasing & Financial Services Limited is a pedigreed Indian institution with a mandate to sponsor, develop and commercialize infrastructure projects and to provide value added financial services. IL&FS stakeholders are ...
Tags: infrastructure projects, financial service, finance, service
Struggling for survival,shipping firms have asked the government to allow a tax free bond issue similar to the INR 5,000 crore infrastructure one for the ports sector. Mr Anil Devli CEO of Indian National Shipowners'Association said ...
Tags: tax free bond, Shipping Firms, government
Representatives of the textile industry in Pakistan have urged the State Bank of Pakistan, the country's central bank, to bring down the markup rate to at least seven percent, so as to enable the sector to compete with other countries in ...
Tags: Pakistan Textile Industry, Cut, Markup Rate, State Bank
Ahead of the first tranche of 9.59% disinvestment of government ownership of 99.59% of Hindustan Copper Limited, India’s only vertically integrated producer of the red metal, the company’s share traded in small lots at up to INR ...
Tags: India, red metal, copper, metal industry, copper price
BS reported that investors in the Hindustan Copper auction issue are already staring at a loss. The price fell below the government set auction floor price of INR 155 on 27th 2012. The issue had been subscribed largely by public sector ...
Tags: Hindustan Copper, LIC, INR 153
Insurance Australia Group (IAG) is seeking to expand its foothold in the Indonesian underwriting market with an acquisition of A$100m ($102m) in Indonesia. IAG's Asia CEO Justin Breheny said the insurer has decided to partner with a bank ...
Tags: IAG, Indonesian underwriting market, acquisition, insurance
The Pakistan Cotton Ginners Association (PCGA) has urged the Government to frame a uniform national cotton policy in view of the present-day realities. During a media briefing, PCGA Vice Chairman, together with Khawaja Riaz Hussain ...
Tags: Cotton, cotton policy
A consortium made up of textile mills in the state of Tamil Nadu in India will purchase around 2.5 million bales (1 bale = 170 kg) cotton amounting to Rs 30 billion or about US $557 million (1 USD = Rs 53.84) in the current cotton season ...
Islamabad: Pakistan cut interest rates by a greater-than-forecast 1.5 percentage points, seeking to bolster faltering growth with the first reduction since 2011 after inflation slowed to a more than two-year low. The State Bank of Pakistan ...
Tags: market view, cement
Asian stocks rose, with a regional benchmark index headed for its biggest monthly rally since September 2010, as Greek Prime Minister Lucas Papademos said major progress was made in debt-swap talks and Japan’s industrial production ...
Tags: market view, factory robots