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  • Maryam

    January 8, 2014 2:00 PM 11

    ISLAMABAD - The PM’s Youth Loan Scheme is the vision of our government to transform microfinance into a dynamic industry, integrated with the overall financial system, catering to the underserved economic and geographic segments through self-sustaining business models and demand-driven products, while maintaining high standards of governance, said Maryam

  • SECP organizes seminar to rise awareness

    January 8, 2014 1:56 PM 7

    ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has organized on Wednesday a seminar in order to raise awareness among the business community and other stakeholders of the importance of corporatization, corporate compliance requirements and e-Services. Speaking on the occasion, Joint Registrar, SECP's Company Registration Office, Faisalabad

  • Official

    January 8, 2014 1:29 PM 11

    ISLAMABAD: Five hydel power projects, with a capacity to produce over 5,789 MW power, would be completed by 2016, said an official of Water and Power Development Authority (WAPDA). According an official of the WAPDA, the power would help meet the energy requirements of the country. He said the Diamer-Bhasha Dam project on River Indus is a "lifeline"

  • Commission approves privatisation of PIA, other entities

    January 8, 2014 1:00 PM 10

    ISLAMABAD: Pakistan’s Privatisation Commission on Wednesday gave the go-ahead to the privatisation of three state-owned entities, including the national flag carrier Pakistan International Airlines (PIA). A meeting of the board of directors of the commission was held in the federal capital today to discuss the sale of the Heavy Electrical Complex (HEC)

  • Sterling stuck in a rut ahead of central bank meeting

    January 8, 2014 4:25 AM 17

    LONDON (Reuters) - Sterling traded in tight ranges on Tuesday, with further signs of economic recovery doing little to alter the view that the Bank of England will soon need to tweak its policy message - to the detriment of the currency. The pound took a hit on Monday from speculation the Bank, which begins a two-day meeting on Wednesday, could break

  • Asian shares rise after upbeat US trade data  

    January 8, 2014 2:55 AM 16

    HONG KONG: Asian markets rose on Wednesday, taking a lead from Wall Street after another set of data indicating the US economy is getting back on track. The upbeat US trade statistics also helped the dollar resume its upward trend against the yen, while investors await the release of minutes from the Federal Reserve’s most recent policy meeting to see if another

  • SSGCL, SNGPL want increase in tariff

    January 8, 2014 2:39 AM 138

    ISLAMABAD: The Sui Southern Gas Company Ltd (SSGCL) and Sui Northern Gas Pipelines Ltd (SNGPL) have sought a tariff increase on the ground that without it the two gas utilities will become insolvent. And with each of them getting more than Rs1.8 million monthly salary and enjoying other perks, the managing directors of the gas utilities have asked for an increase

  • Farmers’ exploitation

    January 8, 2014 2:25 AM 12

    Sugar industry in Pakistan is the second largest agro based industry after textiles. Pakistan is an important sugar cane producing country the world over. Yet the future of country’s sugarcane crop seems to be dwindling and the main reason is that the industry is itself digging its own grave. As they say, one day Capitalism will collapse under its own weight

  • Prices of essential items fixed

    January 8, 2014 2:24 AM 15

    LAHORE: The city district government Lahore has fixed prices of essential items within the jurisdiction of district administration. According to sources, gram daal would be sold in retail market at RS 56 per kg, Basan Rs 62/kg, Basmati Rice Super (new) Rs 120/kg, Basmati Rice (386) Rs 105, Daal Masoor Desi Rs 136/KG, Daal Masoor Moti Rs 105/kg, Daal Maash

  • Ignoring directive” In defiance of court, NBP grants service extension

    January 7, 2014 11:04 PM 59

    Two EVPs, one of them allege­dly involv­ed in concea­ling bad loans, win extens­ion. The board of directors of National Bank of Pakistan (NBP) has granted an extension of service to two executive vice presidents (EVPs) including a divisional agriculture head, who has allegedly been involved in hiding Rs1 billion worth of bad loans from the top management