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Print - 2010-10-30
Pakistan and China sign loan agreement for Satellite project

Pakistan and China sign loan agreement for Satellite project

Pakistan and China on Friday signed a loan agreement for setting up the Paksat-1R Satellite ground control segment project. The loan agreement was signed by Ambassador Masood Khan on behalf of Economic Affairs Division with the EXIM Bank of China. Paksat-
Published 30 Oct, 2010 12:00am
EU sets sights on treaty change, new safety net

EU sets sights on treaty change, new safety net

The European Union on Friday set in motion plans to amend the EU's main treaty to create a permanent system to fight financial crises, and said a summit deal on new budget rules would strengthen the euro. The moves, intended to head off any sovereign debt
Published 30 Oct, 2010 12:00am
Pakistan and China sign loan agreement for Satellite project

Pakistan and China sign loan agreement for Satellite project

Pakistan and China on Friday signed a loan agreement for setting up the Paksat-1R Satellite ground control segment project. The loan agreement was signed by Ambassador Masood Khan on behalf of Economic Affairs Division with the EXIM Bank of China. Paksat-
Published 30 Oct, 2010 12:00am
British Airways and Iberia swing to profit

British Airways and Iberia swing to profit

British Airways and merger partner Iberia expect further growth in 2011 after improved demand for premium-class travel and strict cost controls helped the pair return to profit. BA, whose merger with Spain's Iberia is set to complete in January, swung to
Published 30 Oct, 2010 12:00am
Pakistan and China sign loan agreement for Satellite project

Pakistan and China sign loan agreement for Satellite project

Pakistan and China on Friday signed a loan agreement for setting up the Paksat-1R Satellite ground control segment project. The loan agreement was signed by Ambassador Masood Khan on behalf of Economic Affairs Division with the EXIM Bank of China. Paksat-
Published 30 Oct, 2010 12:00am
British Airways and Iberia swing to profit

British Airways and Iberia swing to profit

British Airways and merger partner Iberia expect further growth in 2011 after improved demand for premium-class travel and strict cost controls helped the pair return to profit. BA, whose merger with Spain's Iberia is set to complete in January, swung to
Published 30 Oct, 2010 12:00am
FoDP task force calls for setting up 'Ministry of Energy'

FoDP task force calls for setting up 'Ministry of Energy'

Friends of Democratic Pakistan Energy Sector Task Force has recommended to the government to set up a 'Ministry of Energy' by merging the Ministry of Water and Power and the Ministry of Petroleum to step up development and implementation of integrated pol
Published 30 Oct, 2010 12:00am
World's costliest car goes on sale in India

World's costliest car goes on sale in India

The world's most expensive and fastest production car has gone on sale in India, with luxury manufacturer Bugatti making its debut in the land of rickshaws. The Bugatti Veyron 16.4 Grand Sport, which has a top speed of 407 kilometres (250 miles) an hour,
Published 30 Oct, 2010 12:00am
FoDP task force calls for setting up 'Ministry of Energy'

FoDP task force calls for setting up 'Ministry of Energy'

Friends of Democratic Pakistan Energy Sector Task Force has recommended to the government to set up a 'Ministry of Energy' by merging the Ministry of Water and Power and the Ministry of Petroleum to step up development and implementation of integrated pol
Published 30 Oct, 2010 12:00am
AIG's crown jewel AIA makes hot Hong Kong debut

AIG's crown jewel AIA makes hot Hong Kong debut

AIA Group Ltd surged 17 percent in its Hong Kong debut as investors, chasing exposure to Asia's fast-growing life insurance business, piled into the record offering in the world's hottest IPO market. The better-than-expected listing is a relief for bailed
Published 30 Oct, 2010 12:00am
FoDP task force calls for setting up ''Ministry of Energy''

FoDP task force calls for setting up ''Ministry of Energy''

Friends of Democratic Pakistan Energy Sector Task Force has recommended to the government to set up a ''Ministry of Energy'' by merging the Ministry of Water and Power and the Ministry of Petroleum to step up development and implementation of integrated p
Published 30 Oct, 2010 12:00am
FOB Gulf wheat premiums steady to weak

FOB Gulf wheat premiums steady to weak

Export premiums for US wheat were steady to weak at the US Gulf Coast on Thursday, pressured by rising futures and only routine demand for the grain, traders said. Offers for both hard red winter wheat and soft red winter wheat eased for shipments at the
Published 30 Oct, 2010 12:00am
Role of regulator in oil pricing mechanism sought

Role of regulator in oil pricing mechanism sought

Energy Sector Task Force of Friends of Democratic Pakistan (FoDP) has urged the government to ensure the role of a regulator in deregulated oil pricing regime to avoid cartel formation. FoDP's Task Force has in its report observed that the government has
Published 30 Oct, 2010 12:00am
Spot rate stays put; lint prices remain range-bound on cotton market

Spot rate stays put; lint prices remain range-bound on cotton market

Official sport rate was unchanged while prices in the ready business showed steady trend despite the bearish trend in NY cotton futures, dealers said on the cotton market on Friday. The Karachi Cotton Association (KCA) official spot rate was maintained at
Published 30 Oct, 2010 12:00am
Role of regulator in oil pricing mechanism sought

Role of regulator in oil pricing mechanism sought

Energy Sector Task Force of Friends of Democratic Pakistan (FoDP) has urged the government to ensure the role of a regulator in deregulated oil pricing regime to avoid cartel formation. FoDP's Task Force has in its report observed that the government has
Published 30 Oct, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 106,125 tonnes of cargo including 69,539 tonnes of import, 36,586 tonnes of export cargo and 4,287 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Friday.
Published 30 Oct, 2010 12:00am
Role of regulator in oil pricing mechanism sought

Role of regulator in oil pricing mechanism sought

Energy Sector Task Force of Friends of Democratic Pakistan (FoDP) has urged the government to ensure the role of a regulator in deregulated oil pricing regime to avoid cartel formation. FoDP''s Task Force has in its report observed that the government has
Published 30 Oct, 2010 12:00am
EU wheat firm on US, Australia crop weather woes

EU wheat firm on US, Australia crop weather woes

Wheat prices in leading western European markets posted strong gains on Thursday as market-moving concerns spread from Chicago over dry weather affecting crops in the United States and Australia. In Europe's biggest wheat exporter, France, benchmark milli
Published 30 Oct, 2010 12:00am
KSE completes NDRS, mock session today

KSE completes NDRS, mock session today

The management of Karachi Stock Exchange (KSE) has announced that the development of Negotiated Deals Reporting System (NDRS) has been completed successfully. In order to test the functionality, IT Division of the exchange has arranged a mock session on S
Published 30 Oct, 2010 12:00am
KSE completes NDRS, mock session today

KSE completes NDRS, mock session today

The management of Karachi Stock Exchange (KSE) has announced that the development of Negotiated Deals Reporting System (NDRS) has been completed successfully. In order to test the functionality, IT Division of the exchange has arranged a mock session on S
Published 30 Oct, 2010 12:00am
Listless business on grain market

Listless business on grain market

Lacklustre business was seen on the wholesale grain and seed market on Friday as most of the participants were busy in preparations for Juma prayers, according to grain and oilseeds merchant group's press release.
Published 30 Oct, 2010 12:00am
KSE completes NDRS, mock session today

KSE completes NDRS, mock session today

The management of Karachi Stock Exchange (KSE) has announced that the development of Negotiated Deals Reporting System (NDRS) has been completed successfully. In order to test the functionality, IT Division of the exchange has arranged a mock session on S
Published 30 Oct, 2010 12:00am
US Midwest corn and soya bids steady to firm

US Midwest corn and soya bids steady to firm

Corn and soyabean spot basis bids were steady to firmer around US Midwest on Thursday as processors increased bids for corn in an effort to induce farmer selling, dealers said. Sales were slow, but a dealer on the Mississippi River saw a few sales of corn
Published 30 Oct, 2010 12:00am
Chinese Prime Minister to visit India

Chinese Prime Minister to visit India

Chinese Premier Wen Jiabao said Friday he would visit India later this year, stressing there was "enough space in the world" for both the giant nations to prosper despite a backdrop of frosty ties. "I will pay a visit to India by the end of this year," We
Published 30 Oct, 2010 12:00am
Cameroon cocoa exports up 11 percent

Cameroon cocoa exports up 11 percent

Cocoa exports from Cameroon, the world's No 5 grower, rose about 11 percent to 35,772 tonnes in the first two months of the season versus a year ago, according to National Cocoa and Coffee Board figures released on Thursday. Export volumes were 24,593 ton
Published 30 Oct, 2010 12:00am
Turkey's military shun reception with first lady

Turkey's military shun reception with first lady

Turkey's staunchly secularist military shunned the President's Republic Day reception on Friday night, attended for the first time by his headscarf-wearing wife, in a snub to the country's pious rulers. In the past President Abdullah Gul had given two sep
Published 30 Oct, 2010 12:00am
US wheat futures rally for fifth day

US wheat futures rally for fifth day

US wheat futures closed higher for the fifth day in a row on Thursday, boosted by dry weather in the US Plains, including western Kansas, and in western Australia while excessive wet weather was viewed as a problem in eastern Australia. Dryness also a con
Published 30 Oct, 2010 12:00am
Turkey's military shun reception with first lady

Turkey's military shun reception with first lady

Turkey's staunchly secularist military shunned the President's Republic Day reception on Friday night, attended for the first time by his headscarf-wearing wife, in a snub to the country's pious rulers. In the past President Abdullah Gul had given two sep
Published 30 Oct, 2010 12:00am
US corn futures end firm on wheat rally

US corn futures end firm on wheat rally

US corn futures closed firm on Thursday on support from a strong rally in wheat and a weak dollar. Gains were trimmed on profit-taking at current high levels and unwinding of corn/wheat spreads. CBOT December up 1-3/4 cents at $5.79 a bushel. Funds bought
Published 30 Oct, 2010 12:00am
Her tenure to be a testing time for government, judiciary

Her tenure to be a testing time for government, judiciary

The electoral victory of Asma Jahangir, renowned human rights activist, as the first woman president of Supreme Court Bar Association has exposed a clear chasm within the legal fraternity. The founding member and former chairperson and Secretary General o
Published 30 Oct, 2010 12:00am
Canadian wheat board raises 2010-11 wheat returns

Canadian wheat board raises 2010-11 wheat returns

The Canadian Wheat Board boosted forecast values for wheat, durum and feed barley in its latest pool return outlook (PRO) Thursday for the new-crop 2010-11 (August-July) marketing year. Wheat values up $7 to $15 per tonne from last month depending on clas
Published 30 Oct, 2010 12:00am
Her tenure to be a testing time for government, judiciary

Her tenure to be a testing time for government, judiciary

The electoral victory of Asma Jahangir, renowned human rights activist, as the first woman president of Supreme Court Bar Association has exposed a clear chasm within the legal fraternity. The founding member and former chairperson and Secretary General o
Published 30 Oct, 2010 12:00am
Nomura, Macquarie profits hurt by trading slump

Nomura, Macquarie profits hurt by trading slump

Quarterly profits at Japan's Nomura Holdings plunged and Daiwa Securities posted another loss, underscoring a tough trading environment for investment banks and raising questions about their strategies. Australia's Macquarie Group kept its full-year outlo
Published 30 Oct, 2010 12:00am
Asma may ease political tension

Asma may ease political tension

The election of a new leader of Pakistan's lawyer community may help ease growing tension between the government and the judiciary, analysts say, while at the same time strengthening democracy. Jahangir's election is a milestone in more ways than one. She
Published 30 Oct, 2010 12:00am
Nomura, Macquarie profits hurt by trading slump

Nomura, Macquarie profits hurt by trading slump

Quarterly profits at Japan's Nomura Holdings plunged and Daiwa Securities posted another loss, underscoring a tough trading environment for investment banks and raising questions about their strategies. Australia's Macquarie Group kept its full-year outlo
Published 30 Oct, 2010 12:00am
Asma may ease political tension

Asma may ease political tension

The election of a new leader of Pakistan's lawyer community may help ease growing tension between the government and the judiciary, analysts say, while at the same time strengthening democracy. Jahangir's election is a milestone in more ways than one. She
Published 30 Oct, 2010 12:00am
Fun in Abu Dhabi

Fun in Abu Dhabi

For those looking for new thrills, Abu Dhabi's latest tourist attraction may be the answer. Ferrari World, opened on Wednesday, October 27, is the world's largest indoor theme park and is dedicated to the famous sports-car manufacturer.
Published 30 Oct, 2010 12:00am
CDGK allocates Rs 20 million for supply of platelets

CDGK allocates Rs 20 million for supply of platelets

To control Dengue virus and malaria in the city City District Government Karachi (CDGK) has allocated a sum of Rs 20 million for the supply of platelets to Abbasi Shaheed and other private Hospitals of the city. CDGK has signed Rs 2.5 million agreement wi
Published 30 Oct, 2010 12:00am
KARACHI CHRONICLE: A place outside the law

KARACHI CHRONICLE: A place outside the law

Normal life eludes Karachi. Allegedly there is a three-party coalition ruling Sindh, but all they seem to have agreed upon is to shoot each other and each other's supporters or any innocent people who are identified as supporters of either PPP, MQM or ANP
Published 30 Oct, 2010 12:00am
Assistance for flood survivors: FAO and DFID UK sign agreement

Assistance for flood survivors: FAO and DFID UK sign agreement

The United Nation's Food and Agriculture Organisation (FAO) and Department for International Development (DFID) of United Kingdom on Friday signed an agreement to provide wheat and vegetable seeds, fertiliser, animal feed, and basic veterinary medicines t
Published 30 Oct, 2010 12:00am
A tribute to Abdul Hamid Zubairi

A tribute to Abdul Hamid Zubairi

It was this day, October 29, 10 years ago when Abdul Hamid Zubairi died. He was loved and respected by his colleagues for his disposition. His ability to perceive or express humour or take a joke was unique. Those who had the privilege of working with him
Published 30 Oct, 2010 12:00am
Dissatisfaction with governments performance: PDO organises convention

Dissatisfaction with governments performance: PDO organises convention

The anger was palpable at a convention organised by Pattan Development Organisation (PDO), the first of its kind for flood affectees in Pakistan, attending by over three thousand people from all flood affected provinces, said a press release issued here o
Published 30 Oct, 2010 12:00am
Art Facts: A fantasy world of historical buildings

Art Facts: A fantasy world of historical buildings

While visiting the studio of A Q Arif I was a bit surprised to see a well managed studio with brushes, paints and canvases well-kept in their places. It feels good talking to him in cosy environment that increases my interest in his work. As he paints on
Published 30 Oct, 2010 12:00am
BISP team nabs man for selling fake forms

BISP team nabs man for selling fake forms

As a measure to ensure transparency and protect the poor from swindlers, the vigilant poverty survey team of Benazir Income Support Programme (BISP) has nabbed a faker in Jinnah Town Faisalabad, while he was trying to sell the fake forms of BISP among the
Published 30 Oct, 2010 12:00am
Book Reviews: Five decades of Pakistani art

Book Reviews: Five decades of Pakistani art

The history of art from the Mughal Empire to the works of the pioneers of modern art in Pakistan, such as Zubeida Agha, Shakir Ali, Sadequain and Ahmed Parvez are analysed in detail by Akbar Naqvi in the book 'Image and Identity'. The book explores the jo
Published 30 Oct, 2010 12:00am
Petitioner seeks wife's transfer to his district of residence

Petitioner seeks wife's transfer to his district of residence

The Lahore High Court (LHC) here on Friday directed secretary education (schools) to make posting of a lady deputy district education officer Rubina Miraj, strictly under wedlock policy. The petitioner a journalist Majid Hussain, said in his petition that
Published 30 Oct, 2010 12:00am
BRIDGE NOTES: We all do

BRIDGE NOTES: We all do

Bridge is a game of decision making. It is a game of control and technique. But you need to have motivation and hope for the plan you make in the making of the contract to succeed. Of course the cards fall randomly in their slots and all you can really ho
Published 30 Oct, 2010 12:00am
LHC adjourns hearing of petition against Saad Rafique

LHC adjourns hearing of petition against Saad Rafique

An election tribunal of the Lahore High Court (LHC) on Friday dismissed a civil miscellaneous application of PML-Q leader Humayon Akhter Khan seeking verification of prize bonds from State Bank, which were submitted by PML-N MNA Khawaja Saad Rafique in th
Published 30 Oct, 2010 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 30 Oct, 2010 12:00am
ACCA organises 'Train the Trainer' workshop

ACCA organises 'Train the Trainer' workshop

The ACCA on Thursday organised a workshop ie "Train the Trainer" to develop excellence in professional accounting education and establish best practices amongst tertiary accounting education providers. Dr Afra Sajjad, Head of Education and Policy Developm
Published 30 Oct, 2010 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 30 Oct, 2010 12:00am
Debate competitions

Debate competitions

The holding of Inter College Bilingual debate always remained one of salient features of academic session here at Bahria College Naval Complex. This year all leading institutions of the town participated in Inter College debate held on October 28-29.
Published 30 Oct, 2010 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 30 Oct, 2010 12:00am
FUUFAST arranges 'Roobaroo'

FUUFAST arranges 'Roobaroo'

The Talaba Action Committee (TAC) of Federal Urdu University for Arts, Science and Technology (FUUFAST), arranged a programme "Roobaroo" for students of Abdul Haq campus to acquaint the vice chancellor of the university with their problems and grievances
Published 30 Oct, 2010 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 30 Oct, 2010 12:00am
Young creatives challenge UK media perception of Pakistan

Young creatives challenge UK media perception of Pakistan

Offscreen Expeditions has sent six aspiring British creatives to participate in the journey of a lifetime to Pakistan. The team of 18-21-year-olds are exploring Pakistan away from the headlines.
Published 30 Oct, 2010 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (October 29, 2010).

Published 30 Oct, 2010 12:00am
Three bills on first day's agenda: National Assembly session on Monday

Three bills on first day's agenda: National Assembly session on Monday

Three bills, including The Oil and Gas Regulatory Authority (Amendment) Bill, 2008, The State Bank of Pakistan (Amendment) Bill, 2010 and The National Vocational and Technical Education Commission Bill, 2008 have been placed as first day's agenda items fo
Published 30 Oct, 2010 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (October 29, 2010).

Published 30 Oct, 2010 12:00am
New US ambassador hosts reception for DCAP members

New US ambassador hosts reception for DCAP members

New American ambassador to Pakistan Cameron Munter hosted a reception in honour of members of Diplomatic Correspondent Association of Pakistan (DCAP) here on Friday at his residence. The US Ambassador Cameron Munter and his wife Marilyn Wyatt received the
Published 30 Oct, 2010 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (October 29, 2010).

Published 30 Oct, 2010 12:00am
Rejoining: PML-N makes conditional offer to Q leaders

Rejoining: PML-N makes conditional offer to Q leaders

Pakistan Muslim League-Nawaz (PML-N) on Friday made a conditional offer to the leaders, who had ditched it following the military coup in 1999 and created a new party from within the PML-N under the patronage of the then military dictator General Musharra
Published 30 Oct, 2010 12:00am
Tax Year 2010: FBR not to extend date for filing returns

Tax Year 2010: FBR not to extend date for filing returns

The Federal Board of Revenue has no intention to extend date for filing of income tax returns for the Tax Year 2010. It is learnt here on Friday that the FBR would launch enforcement actions against the non-filers of returns and statements for Tax Year 20
Published 30 Oct, 2010 12:00am
Gilani, Kayani and Qureshi meet Zardari

Gilani, Kayani and Qureshi meet Zardari

Prime Minister Syed Yousuf Raza Gilani called on President Asif Ali Zardari here at the Aiwan-e-Sadr on Friday. Chief of Army Staff General Ashfaq Parvez Kayani and Foreign Minister Makhdoom Shah Mehmood Qureshi were also present during the meeting. Matte
Published 30 Oct, 2010 12:00am
Mirza takes notice of firing incidents in Karachi

Mirza takes notice of firing incidents in Karachi

Sindh Home Minster Dr Zulfiqar Ali Mirza has taken a strict notice of the firing incidents in the city and directed the police and Rangers to take joint action against the accused involved in the incidents. Mirza directed the law enforcement agencies to a
Published 30 Oct, 2010 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (October 29, 2010).

Published 30 Oct, 2010 12:00am
US to provide $16 million to Balochistan farmers

US to provide $16 million to Balochistan farmers

The United States committed $16 million to provide seed and fertiliser to flood-affected farmers and their families in Balochistan, in a ceremony that held here on Friday.
Published 30 Oct, 2010 12:00am
'Government to award 16 megawatts Naltar power plant contract to HMC'

'Government to award 16 megawatts Naltar power plant contract to HMC'

The government has decided to award 16 MW Naltar power project to Heavy Mechanical Complex (HMC), Texila. This was disclosed by the Minister for Industries and Production, Mir Hazar Khan Bijarani at a meeting of HMC's Board of Directors. The meeting was h
Published 30 Oct, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (October 29, 2010).
Published 30 Oct, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (October 29, 2010).

Published 30 Oct, 2010 12:00am
Government should impose fair tax on elites: Lord Nazir

Government should impose fair tax on elites: Lord Nazir

Government should impose a fair tax on super rich classes or the filthy rich elite should at least regularly pay Zakat for extending relief to resource less toiling masses. Our rulers do not pay any taxes while they are amassing ill-gotten wealth in forei
Published 30 Oct, 2010 12:00am
NBP profit after tax up 21 percent

NBP profit after tax up 21 percent

The profit after tax of National Bank of Pakistan increased by 21 percent to Rs 11.363 billion in the nine-month period ended September 30, 2010 as compared to Rs 9.400 billion earned in the corresponding period in 2009. The boar of directors of the bank
Published 30 Oct, 2010 12:00am
NBP profit after tax up 21 percent

NBP profit after tax up 21 percent

The profit after tax of National Bank of Pakistan increased by 21 percent to Rs 11.363 billion in the nine-month period ended September 30, 2010 as compared to Rs 9.400 billion earned in the corresponding period in 2009. The boar of directors of the bank
Published 30 Oct, 2010 12:00am
Call for uninterrupted power supply to Lasbela industries

Call for uninterrupted power supply to Lasbela industries

The Industries located in Lasbela District of Balochistan are facing severe difficulties to continue production and they are on the verge of collapse due to more than 12 hours load shedding since last few days. This was stated by Dr Muhammad Aslam, Presid
Published 30 Oct, 2010 12:00am
FPCCI upholds KCCI views on law, order

FPCCI upholds KCCI views on law, order

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Sultan Ahmed Chawla and former President FPCCI Tariq Sayeed have endorsed the fundamental principles of KCCI regarding government's response on maintaining law and order in Karach
Published 30 Oct, 2010 12:00am
300 HBFC officers avail facility of GHS this year

300 HBFC officers avail facility of GHS this year

Around 300 officers and executives of House Building Finance Corporation (HBFC) availed the facility of golden handshake Voluntary Severance Scheme (VSS) this year. Voluntary Severance Scheme (VSS) was introduced on June 25, 2010 but it was offered for ex
Published 30 Oct, 2010 12:00am
PML factions unite to create Muttahida Muslim League

PML factions unite to create Muttahida Muslim League

The Muttahida Muslim League (MML), alliance of Muslim Leagues, was finally formed here on Friday, Pir Pagara elected as Chief of MML. However, ML-F has no plan of getting back from the government. Pir Pagara while briefing media said, "We have no plans fo
Published 30 Oct, 2010 12:00am
POL's profit after tax rises to Rs 2.232 billion

POL's profit after tax rises to Rs 2.232 billion

The profit after tax of Pakistan Oilfields Limited (POL) has increased to Rs 2.232 billion in the quarter ended September 30, 2010 as compared to Rs 1.425 billion in the corresponding period in 2009. The board of directors of the company in its meeting he
Published 30 Oct, 2010 12:00am
POL's profit after tax rises to Rs 2.232 billion

POL's profit after tax rises to Rs 2.232 billion

The profit after tax of Pakistan Oilfields Limited (POL) has increased to Rs 2.232 billion in the quarter ended September 30, 2010 as compared to Rs 1.425 billion in the corresponding period in 2009. The board of directors of the company in its meeting he
Published 30 Oct, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (October 29, 2010).

Published 30 Oct, 2010 12:00am
Regional CEO of SCB

Regional CEO of SCB

Christos Papadopoulos, Regional Chief Executive Officer, Middle East and North Africa, was in Karachi recently to reinforce Standard Chartered's commitment to Pakistan. "Pakistan is a very attractive market for us and we are committed to supporting its de
Published 30 Oct, 2010 12:00am
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