Tweet Amidst all the talk of FDI and Pakistan’s foreign exchange reserves, Singapore’s sovereign investment fund, Temasek Holdings, announced their intent to invest $147M in Pakistan’s NIB Bank. This is welcome news for NIB and Pakistan’s banking sector in general. Not only will the additional capitalization shore up NIB’s position, it will also illustrate how [...]
Tweet Price Alwaleed, the billionaire businessman, one of the richest men in the world, the largest shareholder in Citigroup, owner of the Georges V in Paris, stakeholder in Saks Fifth Ave, Disney Corp and dozens of other companies, has decided to add one more feather in his cap. The Prince is reported to have embarked [...]
Tweet Siemens has been doing numerous SAP implementations in Pakistan over the years. The very first implementation at Packages Ltd. was started back in 2003. In the intervening 5 years, even though other services firms have been deploying SAP solutions also, Siemens has gone to the very top of the list in terms of number [...]
Tweet The recession in the US is hurting Indian outsourcing companies quite significantly. In a conversation I recently had with a Pakistani tech CEO who maintains numerous relationships with Indian outsourcing companies, I learned that the closure of large financial services institutions has caused the loss of thousands of jobs already in India. Today, I [...]
Tweet Driving around in Lahore the other day, I came across these large Warid banners at several places in the Cantt. area. As you can see from the image, Warid is investing quite a bit in advertising their newest service, wzone. wzone is a mobile destination you can visit using your cell phone which provides [...]
Tweet Mansour Bajwa, Commercial Counselor for Pakistan in Dubai, was quoted in this story highlighting the rapid growth in exports from Pakistan to the UAE. “Pakistan is also increasing exports of [..] IT software products, particularly to the UAE“, he said. Pakistani software shops have been developing solutions for UAE companies for many years now, [...]
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