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Posts tagged pakistan
PTCL stays on growth path, reports Rs...
ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) has earned a net profit of Rs 4.972 billion with an earning per share of Rs 0.97. PTCL Wednesday announced its financial results for 9 months ended 31st March 2011, it continued its strategy of innovation and futuristic growth. By developing new sources of income, on the commercial side, […]
KSE appoints new MD
KARACHI: Former Chief Executive Officer (CEO) of AKD Securities Limited, Nadeem Naqvi has been appointed as Managing Director of the Karachi Stock Exchange (KSE) for a period of three years commencing from the date of his joining—and is expected to assume his responsibilities in the middle of the next month. Naqvi holds a degree of […]
Pro-poor, pro-business budget must fo...
ISLAMABAD: A progressive, business-friendly and people-friendly budget is essential for the socio-economic development of Pakistan, President Islamabad Chamber of Commerce & Industry (ICCI) Mahfooz Elahi made these remarks while meeting with member of business community. ICCI chief stressed that the upcoming budget should benefit the poor and ensure special concessions for the salaried person, senior […]
SLR for Islamic banks to be enhanced
KARACHI: The State Bank of Pakistan (SBP) has decided to increase the Statutory Liquidity Requirement (SLR) for Islamic banks/Islamic banking branches by 5 percent with effect from June 03, 2011. At present, the SLR for Islamic banks/Islamic banking branches is 14 percent (excluding cash reserve requirement) of Total Demand Liabilities (including Time deposits with tenors […]