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News for Monday, 31 Oct 2011

A new era beckons for Pakistan cricket

Ijaz Butt has finally left, hopefully for good. Monday he handed over the charge to Zaka Ashraf, the new chairman, around three weeks late since. A new chairman always brings...

IBP asked to adopt modern training techniques

Deputy Governor, State Bank of Pakistan (SBP), Muhammad Kamran Shehzad has stressed upon the Institute of Bankers in Pakistan (IBP) to shift from conventional training programmes to modern training techniques....

Meezan Bank’s profit grows by 130pc during Jan-SeptCY11

Meezan Bank Limited has achieved 130 per cent growth in its profit-after-tax that stood at Rs2.292 billion for the nine-month period ending on 30th September 2011 as compared to Rs995...

Standard and Poor’s affirms B-rating

The world’s leading rating agency, Standard and Poor's, on Monday affirmed its 'B-' long-term and 'C' short-term foreign and local currency sovereign credit ratings on Pakistan. The outlook on the...

CCP issues show cause notice to SC Johnson and Son Ltd

Competition Commission of Pakistan (CCP) on Monday issued a show cause notice to S.C. Johnson and Son Pakistan Limited for prima facie violations of section 10 of the Competition Act,...

CPI based inflation for October 11 expected to register a 10.2pc YoY rise

The Federal Bureau of Statistics (FBS) is expected to release price indices for the month of Oct’11 in the upcoming week, in which Consumer Price Index (CPI) based inflation for...

Acute LPG shortage expected in winters

While a stay has been sought over the new Liquefied Petroleum Gas (LPG) Production and Distribution) Policy 2011, the country is likely to face acute shortage of LPG in the...

Gas curtailment hits urea prices

Engro Corporation has raised urea prices by Rs400/bag. As a result of this price hike, urea prices now stand at Rs1,980/bag (inclusive General Sales Tax). This is the second price...

Institutional economics for Imran Khan

What marked 30th October as a day of ‘revolution’ for the famous and furious ‘PTI’ leader was the centre of several debates, discussion and battles amongst those who consider Imran...

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