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PTCL earns Rs.1,909.018m net profit

Pakistan Telecommunication company limited has earned Rs. 1,909.018 million as profit after tax in the quarter ended March 31,2009 as compared to Rs. 2,977.335 million earned in the corresponding period in 2008.

(B.R. 1 May 2009)

Drain schem not implemented even after five years

The scheme to increase siphon capacity of German Dhoro drain under KB feeder upper, Thatta,could not be started after a lapse of four years due to negligence and illplanning of sindh govt. official it is learnt.

(B.R. 1 May 2009)

DMG association election today

The most influential group of bureaucracy District Management Group (DMG) will elect its new office bearers for 2009-10 at an extraordinary meeting here on Saturday.

(B.R. 2 May 2009)

Co-operation between Pakistan Libya termed highly benefical

Libya 's Minister for planning Dr Abdulhafid M Zlitni on friday said there was a great scope of Co-operation between Pakistan and libya in oil and gas sectors.

(B.R. 2 May 2009)

Pakistan to buy 75 Chinese locomotive

A six - member high power delegation is leaving for Beijing to sign a $89 million loan deal with exem Bank of China. The loan will be used for the purchase of 75 locomotive diesel enginers from Dong Fong Electric Company.

(B.R. 4 May 2009)

OIC states urged to romote sound macroconomic policies

OIC member states urgently need to promote sound macro-economic policies in order to accelerate the pace of economic growth poverty alleviation and job-creation through public- private investment.

(B.R. 4 May 2009)

CDM to facilitate energy efficiency improvement: experts

Experts have called ypon the industries to introduce Clean development Mechanism (CDM) facility to meet imporvement and control over climate change.

(B.R. 5 May 2009)

Farmer advised to discard infested rice nurseries

The directorate General, agriculture (Pest Warning) Lhore has pointed out some more early sown rice nurseries at various locations in the districts of Gujranwala, Hafizabad, Sialkot, narowal, Nankana Sahib and Kasur for having pest outbreak.

(B.R. 5 May 2009)

Country needs big dams to overcome energy crisis.

Former chairman water and power development authority (Wapda) and former federal Minister Engineer Tariq Hamid has said that countrty needs big dams to over come the energy crisis.

(B.R. 7 May 2009)

Dalda Foods to hold 'Expert Mom Award' annually

To acknowledge the role of mother in society Dalda Foods (PVT) Ltd on Wednesday announced to hold annual Dalda Expert Mom Award to honour some best mothers on international Mother's Day every year.

(B.R. 7 May 2009)

Trade between Pakistan and china exceeded $7bn during 2008

Chinese ambassador to pakistan Lou Zhaohui has said the annual trade betweeen pakistan and china surpassed $7 billion during 2008 and the figure will reach $ 15 billion by 2011.

(B.R. 8 May 2009)

PIA MD assuresbetter pay rise foremployees soon

Managing Director PIA, capt. Aijaz Haroon in a letter on completion of first year of present managment to PIA employees said that implementation of various initiative proved beneficial for work force and improved the airline's operating revenues.

(B.R. 8 May 2009)

CM order withdrawal of cases aganist industrialists

Chief Minister Sindh, Syed Qaim Ali Shah took a very serious notice of registration of cases and issuance of notice aganist industrialists by certain official of the labour Departmrnt and ordered to withdraw cases and freeze notices.

(B.R 9 May 2009)

Corporate governance rating of Allied Bank reaffirmed at CGR-8.

JCR-VIS credit rating company limited (JCR- VIS) has reaffirmed the corporate governance rating of Allied Bank at CGR-8, denoting 'high level of corporate governance.' This rating is based on a scale ranging from CGR-1 (lowest) to CGR-10 (highest) CGR-8 awarded to Allied Bank is the best amongst all commercial banks.

(B.R. 9 May 2009)

Sindh bans wheat from Punjab

Sindh Food Minister Mir Nadir Magsi has said that wheat arrving from the Punjab will not be allowed to enter the Sindh province.

(B.R. 10 May 2009)

Govt urged to devise policy for engineering sector

Motorcycle industry of Pakistan has the capability and potiential to compete in the international market in terms of quality but it has failed to get its due share so far in the market due to heavy cost of production.

(B.R. 14 May 2009)

PSAA welcomes revision of port's parameters at PQA

Pakistan Ship's Agents Association (PSAA) has expressed its pleasure over the revision of port parameters, to be applicable from May 16 to October 31, 2009 by port Qasim Authority (PQA) at port Qasim.

(B.R. 14 May 2009)

KATI for imporving water supply in industrial area

Chairman Korangi Association of trade and industry (KATI) Main Zahid Hussain has urged the Sindh Goverment to direct karachi water and sewerage Board (KWSB) to increase and improve water supply in this industrial area

(B.R. 17 May 2009)

Mobile langar system for IDPs

Pakistan Baitul-Mal has finalised a plan to start 'mobile langar system' to provide free two times meal to persons (IDPs), Chairman pakistan Bait ul Mal Zamurd Khan said.

(B.R. 18 May 2009)

Pepco annoyed over HEC allegations

Pakistan Enginnering limited (PEL) has reportedly become a source of conflict between Pakistan Electric power Company (Pepco) and heavy Electrical Complex (HEC) which according to the latter has been given perference in procurement of transformers sources close to the Pepco Managing Director told Businees Recorder on thursday.

(B.R. 22 May 2009)

Textile industry breathes a sigh of relief

The textile industry has taken a sigh of relief with the stay order against National Electric power company (NEPRA) traffic determination and susequent govt. notification of September 5, 2008

(B.R. 22 May 2009).

Pakistan Jordan to sign FTA soon

Pakistan and jordan will sign "free trade agreement" very soon to further promote bilateral trade and for the benefiot of the business community of the two countries.

(B.R. 25 May 2009)

RBS Islamic Banking launches 'Kafeel'

RBS Islamic Banking Pakistan recently launches the first family Banacatakaful product "Kafeel" RBS joined hands with DOWEED family Takaful limited (DFTL) to bring this customized savings and family Takaful plan exlusively for RBS customers.

(B.R. 26 May 2009)

Punjab has procured 56,52,610MT Wheat so far: minister

The punjab food department has so far procured 56,52,610 metric tonnes of Wheat and hopes to meet the six million tonnes procurement target very soon. The govt. has set up facillitation centres in over 100 tehsils of the province to ensure procurement of wheat from the real grower. These centres would not only protect the interest of the growers, but also ensure to give them relief with regard to sale of their product said the Punjab Food Minister, Malik Nadeem Kamran While chairing a departmental meeting held here on tuesday.

(B.R. 27 May 2009)

Shell gas boss step down

Royal Dutch Sh ell PLc said Linda cook was stepping down as head of the oil group's gas and power division after she lost outt in the race to become shell's new Chief executive.

(B.R. 27 May 2009)

Multiple registration of IDPs in relief camps

The mutiple registration of internally displaced persons (IDPs) in relief camps was reported by some govt. officials and they stated that national database and registration authority (Nadra) had been requested to remove these anomalies in registration process.

(B.R. 29 May 2009)
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Title Annotation:briefs
Publication:Economic Review
Article Type:Financial report
Geographic Code:6LIBY
Date:Jun 1, 2009
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