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!title34.jpg (21789 bytes)Techlogix has emerged as a leading Pakistan origin software company since it was founded by a group of MIT graduates in 1996. The hi-end applications developed by Techlogix is used by a number of international blue-chip companies as well as the government organisations in many parts of the world. It also hold intellectual property rights for many softwares as well as being a pioneer to develop many unique programmes.



Pakistan and Indonesia have agreed to set up a joint venture company to promote bilateral trade between the two countries. Indonesian business also aimed at making use of Karachi as a gateway of Indonesian products not only for Pakistan but countries especially Central Asian Countries. 
Representatives of Pakistan and Indonesia business consortium signed the Letter of Intent (LOI) for the establishment of the joint venture Company.

Due to the length of the dispute now entering its third year, HUBCO has decided to make a provision of Rs13,445 million against all disputed or not recovered amounts under the terms of the Power Purchase Agreement (PPA) in accordance with international accounting standards. The provisioning for bad debts have however wiped out the entire profits of the company for the year ended June 30, 2000.

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