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kanal plot in karachi

Post-election review of the real estate market in Pakistan

The general elections held in May 2013 put a positive impact not only on the stock market but also on the real estate sector of Pakistan. The new pro-business government upheld the realty market to bolster in the second half of the calendar year (CY) 2013. However, a particular stability was witnessed subsequently in the [...]

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imported cars in pakistan

Impact of imported cars on Pakistani car manufacturers

Pakistan has a vibrant automobile industry. A survey of the streets shows the variety of cars available in the country. From compact cars to passenger saloons, hatchbacks, large luxurious SUVs and executive cars all vehicle types are available. However, there is no home-grown car brand. The closest vehicles to an indigenous car brand are locally [...]

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Zarco Exchange

Western Union and Zarco Exchange Company found involved in biggest foreign currency scam

The Federal Investigation Agency (FIA) is investigating a series of suspicious deals involving Western Union (WU), Zarco Exchange Company Pvt Limited (ZECPL) and the State Bank of Pakistan (SBP) leading to a scandal labelled as biggest foreign currency scam in the history of Pakistan. According to the Express Tribune, a case has been registered at [...]

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Abu Dhabi Group declined agreement with Bahria Town to build world tallest tower in Karachi

Pakistani media had hell of a time last week congratulating Bahria Town and Malik Riaz over making a $45 Billion deal with Abu Dhabi Group, one of the investments arms of HRH Sheikh Nahayan Mabarak Al Nahayan of Abu Dhabi, UAE. The newspapers publishes quarter page advertisments for many days congratulating Malik Riaz on his [...]

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TEM alternate euro currency in Greece

Volos Greece using TEM, an Alternative Currency to Euro

Volos, a town in Central Greece, has developed an alternative currency to replace the Euro. TEM is more or less a form of barter, a promissory note to provide a product or service in exchange of a commodity. From jewellery to food, electrical parts to clothes, everything in certain Volos communities are exchanged or bartered [...]

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Makro Pakistan

Visiting Makro SITE Karachi? Get Ready For Rude and Lazy Customer Service

If you take your shopping rights seriously, expecting quality products with friendly and efficient customer support staff, Makro, especially the branch at SITE Karachi, is not for you. Makro quality was not up to the par before (check this report on Makro Karachi selling dead fish), but its their customer support staff that stinks the [...]

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HyperStar Dolmen Mall Karachi

HyperStar comes to Karachi

HyperStar in Dolmen City Mall at Sea View, Karachi is talk of town these days. HyperStar is brought to Pakistan by Majid Al Futtaim Retail of UAE. In UAE, Majid Al Futtaim Hypermarkets represent (and thus known as) Carrefour, the world’s second largest retailer. Majid Al Futtaim Retail manages around 40 hypermarkets in the Middle [...]

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Myret Zaki

Myret Zaki on collapse of Dollar and fall of US Economy

Myret Zaki is senior financial journalist at Le Temps since 2001. Born in Cairo in 1973, she grew up in Switzerland. A bachelor in political science at the American University in Cairo, she obtained a Master of Business Administration (MBA) from the Business School of Lausanne in 1998. Ms. Zaki gave an interview to Swissinfo.ch, [...]

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How good is Qubee Customer Support?

Qubee is the customer facing brand of Augere, the wireless broadband business founded in 2007 by the former CEO of Orange, Sanjiv Ahuja. It has a mission to provide ‘broadband for all’ and is working to bring available, affordable and accessible broadband internet services to underserved communities worldwide. Qubee has so far been launched in [...]

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unjust taxation

Unjust taxation

A Karachi businessman recently had a heart attack when he got a notice from the Income Tax department to pay a huge sum as income tax. It seems that his mobile phone bills alone had averaged more than fifty thousand rupees a month, even though his declared income had been only four hundred thousand rupees [...]

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