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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. |
KALSOFT-EMT
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.
TAKE-OVER
LAW
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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