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News for Friday, 2 Dec 2011

Inflation at 23-month low in November

Pakistan’s consumer price index (CPI) inflation surprisingly fell to 10.19 per cent down during last month (November 2011) compared to the previous month’s CPI of 10.97 per cent. “This has...

Country’s wheat uncompetitive in international market

While export of wheat has already been halted, despite huge stocks in the country, due to stiff competition outside the country, fresh increase in wheat support price will further make...

Outreach struggling at 7pc

Spread of micro-credits by banks in Pakistan is lagging behind at a meager seven per cent when juxtaposed with the targeted size of the market, it emerged on Friday. Of...

Iranians stage new anti-British rally

Iranians in Tehran staged a fresh anti-British demonstration on Friday in support of the storming of Britain’s diplomatic compounds earlier this week, the official IRNA news agency reported. After attending...

Singapore forced resignation of NIB CEO for ‘mismanagement’

Recent resignation of the founding president and chief executive of NIB Bank, Khawaja Iqbal Hassan, was forced and not voluntary, Profit has learnt. It was 23rd of last month when...

Emerging Arab Islamists look to ‘Turkish model’

Islamists from Egypt to Morocco are reaping the rewards of new democratic freedoms brought by the Arab Spring, with the more moderate citing the Turkey as their template for the...

Tajik bankers visit SBP to study mobile financial services

A six-member delegation of National Bank of Tajikistan visited State Bank of Pakistan (SBP) on weeklong study tour starting from 28th November to 2nd December, central bank said. Facilitated by...

Philanthropists should play their role: LCCI seminar

All segments in general and the philanthropists in particular should act in unison to play their due role for ensuring all facilities from education-to-job-placement to disabled persons for making them...

SECP seeks comments on Thermal Energy Order draft

Securities and Exchange Commission of Pakistan (SECP) has developed and approved draft Thermal Energy (Cost Accounting Records) Order, 2011, for the company engaged in production, processing and generation of thermal...

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