Karachi, November 30, 2012 (PPI-OT): Prime Minister has withdrawn the earlier restriction imposed on mobile number portability and also the mobile companies would continue to issue SIM cards from their own business and self operated centers as well as franchise centers after due verification from National Database and Registration Authority …

Karachi, November 30, 2012 (PPI-OT): SBP to decide banks’ fate: 5% or 6% PLS rate? Banks want SBP to reconsider the increment The SBP (State Bank of Pakistan) had imposed minimum rate of 5% on PKR/PLS saving accounts back in Jun’08 causing banking sector’s cost of deposit to go up …

Karachi, November 30, 2012 (PPI-OT): Pakistan’s foreign exchange reserves have dropped by USD 238.5 million to USD 13.5757 billion during the week ended November 23, 2012 from USD 13.8142 billion in the previous week, according to the State Bank of Pakistan. According to Alfalah Securities Limited, Forex reserves held by …

Lahore, November 30, 2012 (PPI-OT): Samsung Electronics Co. Ltd., a global market leader and award-winning innovator, has signed an MOU (Memorandum of Understanding) with TEVTA (Technical Education and Vocational Training Authority) to establish four labs namely Mobile phone, Home appliances, Air conditioner/Refrigerator and Washing Machine/Microwaves in Lahore. This ‘hands-on’ lab …

Karachi, November 30, 2012 (PPI-OT): The 19th meeting of the Shariah Supervisory Board (SSB) of Meezan Bank was held at Darul Uloom Korangi, Karachi. The meeting was chaired by world-renowned Islamic scholar and Chairman of Meezan Bank’s Shariah Supervisory Board, Justice (R) Mufti Muhammad Taqi Usmani. Other members of the …

Islamabad, November 30, 2012 (PPI-OT): Meeting of the Selection Committee of Pakistan Kabaddi Federation took place at Jinnah Stadium Pakistan Sports Complex for Selection of Pakistan Kabaddi Team for participation in 3rd Kabaddi World Cup scheduled from December 1 to 15, 2012 at Punjab India. The selection committee chaired by …

Islamabad, November 30, 2012 (PPI-OT): The Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Friday expressed concern over low gas pressure for domestic consumers. Daily life has been badly affected due to inconsistent gas pressure for the last four days which is unusual at this time, it said. Gas …