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Business people are attaching great importance to the current scenario of economic activity including Chinese investment in the deep-sea Gwadar port and political stability in neighbouring Afghanistan as these two factors have great potential to attract investment at a massive scale in Pakistan. A peaceful Afghanistan is a pre-requisite for cross border gas pipeline from Turkmenistan to India via Pakistan and opening of new era of developing with the development of Gwadar Port in Balochistan.


Euro Mobile Technologies, a subsidiary of Euro Software Parks (ESP), has announced to establish a fully-owned company in Pakistan which will be developing mobile software applications for the European market. EMT will be investing between 1-1.5 million Euros in the initial year to develop Made in Pakistan applications, the bulk of the work of which will be outsourced to Karachi-based software house, KalSoft. PAGE talked to Dr Norman Rizwan and Berry Tanis, the CEO & Chairman and Director of ESP respectively, during their brief stay in Karachi.

In the absence of any law posing threat of take-over for inefficient management, the losers have been shareholders of listed companies and financial institutions. As the proposed law paves way for change of management of erring companies, in a transparent manner, there has been a massive resistance. Why should the sponsors be allowed to prosper at the cost of lenders and shareholders?


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