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Karachi: The Karachi Cotton Association has expressed its serious concern and anguish over the PCGA’s statement published in a section of Press to the effect that the KCA have no right to demand for imposition of ban on Export of Raw Cotton at the cost of growers as well as …
Read More »Islamabad Electric Supply Company Installs 40 MVA new Power Transformer in Satellite Town Grid Station Rawalpindi
Islamabad: According to IESCO spokesman, IESCO has installed 40 MVA new Power Transformer while replacing the existing power transformer of 20/26 MVA in 132KV Satellite Town Grid Station. After installing of new power transformer, the power supply of area attached to this Grid Station would be more stable and better …
Read More »All Pakistan Textile Mills Association Strongly Opposes Demand of Ban Or 15% Duty On Export Of Coarse Yarn and Raw Cotton
Karachi: Mr. Muhammad Yasin Siddik, Chairman, Sindh-Balochistan Region of APTMA has categorically denied making the statement published in a section of press whereby asking for a ban or 15% duty on export of cotton and cotton yarn. He said that APTMA has always been of the view that free market …
Read More »LumenSoft wins MITEFP OPEN Business Acceleration Program
Karachi: LumenSoft’s “Candela – Retail Management System” won the top slot in the MIT Enterprise Forum Pakistan (MITEFP) Business Acceleration Program (BAP 2011). Notable winners of the previous BAP competitions include Sofizar, Vopium, Alchemy, Aerocar, Sofcom amongst other Pakistani companies. BAP aims to help accelerate some of the participating IT/ITES/Telecom/New …
Read More »Al Baraka Bank selects OneView Contact Center solution from ZRG
Karachi: In a recent development, Al Baraka Bank, owned by Al Baraka Group, Bahrain, has partnered with ZRG International (www.zrg.com) to deploy a flexible customer service Contact Center solution with a fully customized application suite. Al Baraka plans to greatly enhance their customer support to provide services in a timely …
Read More »Securities and Exchange Commission of Pakistan to consult public on new takaful rules
Islamabad: The SECP has approved the draft Takaful Rules, which will be published in the official Gazette of Pakistan to elicit public opinion. They will also be available on the SECP website. The 2012 draft Takaful Rules have suggested the establishment of a Central Sharia Board at the SECP, allowing …
Read More »U.S. Consul General visits Karachi Stock Exchange
Karachi: U.S. Consul General, Mr. William Martin, visited the Karachi Stock Exchange on January 18, 2012 and rang the bell for commencement of the day’s trading. He was greeting by Mr. Muneel Kamal, member of the Governing Board of Directors of KSE and Mr. Nadeem Naqvi, Managing Director of KSE. …
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