ISLAMABAD: Chairperson of Benazir Income Support Programme (BISP), Farzana Raja said on Tuesday that the programme would seek Rs 100 billion allocation in the next budget 2011-12—as the number of beneficiaries of the programme has grown to 7 million from 4 million. During a press briefing, Farzana Raja said increase in the number of beneficiaries […]
KARACHI: MCB Bank Ltd has earned a gross profit of Rs 7.863 billion and also declared a 30 percent cash dividend (earning per share of Rs 6.61). The board of directors reviewed the performance of the bank during first quarter ended March 31, 2011 and approved the financial statements for the first quarter. The profit […]
By Tanveer Ahmed ISLAMABAD: Public Accounts Committee (PAC)’s Monitoring and Implementation Committee Tuesday grinded Oil and Gas Development Company (OGDC) and Pakistan State Oil (PSO) for not following the financial rules in awarding the contracts and giving the advances against any particular project. The committee’s meeting chaired by MNA Yasmeen Rahman expressed its annoyance over […]
ISLAMABAD: The Internat-ional Data Group, world’s leading technology media, events and research company has declared the eServices project of the Securities and Exchange Commission of Pakistan (SECP) a winner of its Laureate Gold Medal. This annual award programme honours visionary applications of IT in promoting positive social, economic and educational change. It was especially competitive […]
KARACHI: With rising rupee-yen parity (Yen appreciated by 7 percent against rupee in quarter ending June 2010), all car assemblers have once again muscled up for price increase. According to analysts, after discussion with industry the conclusion came out that car prices may increase by 2 to 3 percent in the next few days on […]