In the face of financial woes, the public sector entity Pakistan State Oil (PSO) has registered an increase in sales revenues of Rs 663 billion over the nine months period ended on…
LAHORE – Soneri Bank’s Board of Directors reviewed accounts for the period January-March, 2011 and were satisfied with results of the Bank, considering a very competitive market environment.
The Bank reported a profit before tax of Rs 435.084 million, up significantly from Rs 33.170 million generated in the same period last year. The profit after tax also rose to Rs 303.387 million from Rs 40.380 million in the previous corresponding quarter of 2010. This translated into earning
KARACHI – The local bourse is likely to observe a relatively dull period in April-June11, as budget expectations and fears have started to engulf the investors’ minds.
Khurrum Shehzad at Investcapital stated in his analysis that from a medium-to-long term perspective, KSE-100 still offers a better deal on pay/receive scale with huge discounts of 60 percent amongst world peers. He establishes that the Pakistan benchmark equity index, KSE-100, has almost always provided an
TOKYO – A strong earthquake of magnitude 5.9 hit central Japan at 11:19 am (0219 GMT), the Japan Meteorological Agency said Saturday. There was no chance of a tsunami, it said.
TOKYO – A strong earthquake measuring 6.1 on the Richter scale struck off northeast Japan early on Thursday, the US Geological Survey said, but no tsunami warning was issued. The undersea quake struck at 5:57 local time at a depth of just 11.2 kilometres, 190 kilometres east of Morioka on Honshu island, it said.On March 11, a massive magnitude 9.0 earthquake and subsequent tsunami devastated northeast region of the country, leaving more than 13,000 people dead and over 15,000 missing.
KARACHI – A crisis of leadership has pushed Pakistan into a quagmire, and the country needs strong leadership to overcome the crises that beset it, argued Germany Deputy Consul-General Dieter Freund during an interview with Pakistan Today late Tuesday evening. Having served his country for the past four years at the Consulate General in Karachi, Freund retired from service on April 12, 2011. Freund was associated with the German foreign ministry for the past 40 years, the last four of
KARACHI – NI(U)T has registered phenomenal growth of 74 percent in net profit which increased to 3,343 million, NIT-EMOF and NIT-SEF earning net profit of Rs. 345 million, and Rs. 2,959 million, and NIT GBF and NIT IF earning a net income of Rs. 214.9 million and Rs. 155.4 million respectively, NIT Chairman and MD Wazir Ali Khoja indicated this while announcing the results of all funds under management for the nine months ended on March 31, 2011.
During the period under review,
MOSCOW – Russian Prime Minister Vladimir Putin on Wednesday set the country’s sports ministry and Russian Football Union (RFU) the task of preparing a strong team for the 2018 World Cup.
“We should prepare a strong national team for the 2018 World Cup,” Putin said at a meeting of 2018 World Cup organising board.
“We all understand that this task could not be solved in one or just two years. We still have seven years ahead and we need to carry out an everyday, laborious,
KARACHI – Combining strong geometric elements with recurrent patterns and architectural principles, Halima Cassell’s work utilises definite lines and dramatic angles in an attempt to manifest the universal language of number and create an unsettling sense of movement.
“To achieve these effects, I use heavily grogged clay that allows me to work on a large scale and utilise relatively thick surfaces to carve to the desired depth,” says Cassell.
She concentrates on simple forms
KARACHI – Playing with ordinary objects has always allowed Amjad Ali Talpur to observe the other side of the picture, said a press release issued by the Canvas Gallery where Talpur’s new work is being shown at an art exhibition until April 7.
Talpur says that ordinary objects hold strong meaning in them. “These objects are necessities of human beings and reflect the current situation of my country, which is afflicted with several crises,” he says. People outnumber resources in
KARACHI – “South Asia has a strong cultural history and the people of this region have played a major role in constructing a strong social bond within a society where social values are preferred and practiced like religious rituals,” says artist Asad Hayee.
The subcontinent has a strong political history and has seen a long era of colonial rule, which has left a deep impact on the people of the region, he adds. He says that the society that emerged after the independence has gone
KARACHI – Bank Alfalah Limited has posted a profit before provision and taxation (PBT) of Rs 5.604 billion. This was announced at the 19th Annual General Meeting of the bank. Chaired by Abdullah Khalil Al Mutawa in the absence of Hamdan Bin Mubarak Al Nahayan, the meeting was attended among others by the board members including Khalid Mana Saeed Al Otaiba, Ikram Ul Majeed Sehgal, Nadeem Iqbal Sheikh and CEO Sirajuddin Aziz while Hamid Ashraf and Zahid Ali H. Jamall repersented the
New York – Reposing complete confidence in Ambassador Abdullah Hussain Haroon, Permanent Representative of Pakistan to the United Nations, the OIC decided that the Ambassador of Pakistan along with Ambassadors of Tajiskistan (OIC chair), Morocco (OIC Coordinator for Human Rights), Iran and Egypt would meet with the UN Secretary General to convey OIC’s strong condemnation and ask him to take the lead towards promoting inter-faith harmony.
It was decided in OIC Ambassadorial
KARACHI – The Muttahida Qaumi Movement (MQM) perhaps owes a debt of gratitude to Nasreen Jalil’s mother for having brought her daughter and MA Jalil together – the couple have been stalwarts of the party since 1988, being instrumental components of a party that was once a rogue but now the country’s third largest mainstream entity.
“Jalil often jokes that my mother fell in love with when she first met him. But since she couldn’t wed him, she got me married off to him instead,”
LAHORE – The Treasury faced harsh criticism from the opposition on Thursday over Raymond Davis’ release and the doctors’ strike, but managed to proceed with official business by tabling 6 bills in the house.
Opposition parties in the Punjab Assembly blamed the Punjab government for “ensuring the safe release of Raymond Davis” and asked why Law Minister Rana Sanaullah visited Kot Lakhpat Jail before Davis left the prison. Assembly proceedings began an hour late at 11am under the
KARACHI – Several civil society organisations on Wednesday expressed deep sorrow and grief over the loss of thousands of lives and billions of dollars worth properties in Japan due to the devastating 8.9 magnitude earthquake and the resulting tsunami, which hit the northeast coast of Honshu, Japan on March 11.
In a joint statement issued on Wednesday, a group of civil society organisations, including PILER, PFF, SAP-PK, SPO, SAFCOW, CPCS and SUNGI, expressed solidarity with the
KARACHI – The International Plastic and Packaging Industry Exhibition – PLASTI and PACK Pakistan 2011 and the International Food and Technology Exhibition incorporating Pharmaceutical Technology and Food Chemicals (IFTECH) Pakistan 2011- has received overwhelming response from leading international and local companies. The major international participation is from Germany, Malaysia, Thailand, Austria, Switzerland and UAE.
The exhibitions are being held for the eighth time in