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News for Friday, 11 Feb 2011

LSE, TSE sign MoU

LAHORE - The Lahore Stock Exchange (LSE) and the Tehran Stock Exchange (TSE) have signed an agreement to enhance cooperation between capital markets and Exchanges of the two countries. The...

MCB bank announces 2010 financial results

KARACHI - MCB Bank has notched up another strong annual performance in terms of financial results and posted profit before tax of Rs 26 billion, an increase of 13 percent...

Arif Habib confident of economic revival

LAHORE - The business community in Pakistan must not lose hope as the economy will revive in the current year, while inflation will decrease as a result of the base...

CCOP to discuss equity linked instruments

ISLAMABAD - The sub committee of the Cabinet Committee on Privatisation (CCOP) will discuss the issue of launching equity linked instruments for state owned energy sector companies. The sub committee...

Cabinet dissolution fails to impress KSE

KARACHI - Investors were unmoved by the government's decision to dissolve the cabinet and induct better quality personals. In addition, the result season could not instill momentum as the market...

Re-employed officers resignation an ‘eye-wash’

LAHORE - Resignation of seven officers which were "re-employed" by the Punjab government is a mere "eye-wash", as scores of such officers are still working in various government departments across...

Sindh govt refuses weapon permits to private educational institutes

KARACHI - The Sindh government has refused to issue weapons licences to private schools in the metropolis. After the twin blasts at the Islamic University in Islamabad, the Sindh home...

‘Hepatitis-free’ Sindh gets another three years, Rs 5b

KARACHI - After much lobbying and swaying opinions through the media, officials of the Sindh Health Department on Thursday managed to get the provincial government to extend the Hepatitis Prevention...

Rumours about king’s health triggered spike in oil price

RABAT - Saudi Arabia's King Abdullah bin Abdul-Aziz is alive and in "excellent shape", its foreign minister said on Thursday after rumours about the king's health triggered a spike in...

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