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News for Wednesday, 13 Oct 2010

Standard Chartered to raise $5.3 billion in rights offer

HONG KONG/LONDON: Asia-centric bank Standard Chartered launched a $5.3 billion (3.4 billion pound) rights issue to bolster its finances for new capital rules and provide the firepower to take advantage...

Indonesia to raise tax on tobacco

JAKARTA: Indonesia plans to raise its tobacco excise tax by five percent next year to help meet state revenue targets, a senior official said Wednesday.
The country has one...

Dubai World’s restructuring officer steps down

DUBAI: The Chief Restructuring Officer of Dubai World, Aidan Birkett, is stepping down after the debt-laden group reached a deal to restructure its debt, stated an official statement released...

41st World Standards Day celebrated

ISLAMABAD: The 41st World Standards Day is being celebrated across the world including Pakistan to pay tribute to the efforts of thousands of experts worldwide working in active collaboration of...

Ogra announces wellhead prices for new gas fields

KARACHI: The Oil and Gas Regulatory Authority (Ogra) has declared the wellhead prices for new gas production fields including Bobi, while the authority also revised the price upwards for Manzalai...

The XXL cabinet

In a statement yesterday, the PM announced that he had plans to reduce the size of the gargantuan cabinet that the executive arm of the state is labouring under. This...

Cell phone companies

The cell phone companies in the country have been airing ads on TV channels suggesting that one is good while the other is not. They describe their rates as the...

Facebook, a marvel

Facebook has changed the way people live in the past five years. They have become addicted to Facebook. I dont think I can name any other site which has boasted...

Of parks and gardens

Lahore is known for many things. It is the cultural hub of Pakistan. Education, entertainment, film, theater, Mughal era buildings, museum and many other historical places have made the city...

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