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  Thursday, August 28, Shaban 24, 1429    

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Business News

OGDCL, Jamshoro Power Co to be privatised soon

Staff Reporter

Islamabad—A meeting of the members of the Board of Privatisation Commission was held here today under the chairmanship of Syed Naveed Qamar Federal Minister for Privatisation, Investment and Finance. The PC decided that the Financial Advisor for Oil & Gas Development Company Limited (OGDCL) may be directed to work out all the options for privatisation of OGDCL through sale of shares, strategic sale with management control or assets sale including Qadirpur Gas field on fast track basis taking into account the observance of all steps strictly in accordance with the legal provisions.

full story»  

 

Microsoft holds anti-piracy workshop for journalists

Staff Correspondent

Karachi—Microsoft held an interactive workshop for journalists to raise awareness on the role of media in the fight against software piracy, copyright infringement and to highlight the value of genuine software to consumers, businesses and the national economy. Microsoft took this initiative keeping in mind the hazards and threats posed by software piracy.

full story»  

 

Shamshad invites Barclays Bank to projects financing

Karachi—Governor State Bank of Pakistan, Dr. Shamshad Akhtar on Tuesday invited Barclays Bank (Pakistan) to invest in infrastructure and other development projects in the country. Acknowledging the significant role of Barclays Bank Pakistan in strengthening the global financial sector , the SBP Chief emphasized “ you can do projects financing here. We need huge investments for infrastructure development.”

full story»  

 

Stocks plunge to 26-month low as coalition splits

Staff Correspondent

Karachi—Stocks plunged to a 26- month low as the ruling coalition’s major parties split over a disagreement about judicial appointments. The Karachi Stock Exchange 100 index fell 3.9 percent, the steepest decline in four weeks, to 9,430.29, the lowest since June 28, 2006. Oil & Gas Development Co., Pakistan’s biggest petroleum explorer, and MCB Bank Ltd., the country’s second- largest lender, led at least 58 of the benchmark’s 100 members down by the 5 percent daily limit.

full story»  

 

Google has a suggestion on your search

Staff Reporter

Islamabad—Google expects to graduate a feature from its labs to its main search page in the next week to help users execute faster and more specific searches. The feature, called Google Suggest, automatically recommends options for the rest of your search term as you type based on the most popular searches. Like many Google offerings, Google Suggest has been available for use for several years while in development. The feature, which mirrors services offered by Yahoo and the recently launched Cuil, was announced Monday on GoogleBlog:

full story»  

More Business News

 Malaysia asked to increase palm oil export to Pakistan

 IOC, USA intend to invest $10b in PM’s housing scheme

 Mushroom growth of population alarming: ICCI

 Asian stocks fall on credit concerns; banks decline

 China committed to economic reform, openness

 
Forex FOREX RATES
US Dollar 74.60 75.00
UK Pound Sterling 138.00 139.00
Australian Dollar 64.60 65.00
Bahrain Dinar 195.90 196.30
Canadian Dollar 69.90 70.30
China Yuan 11.00 11.50
Danish Krone 14.52 14.62
Euro 109.40 110.40
Hong Kong Dollar 9.43 9.53
Indian Rupee 1.73 1.78
Japanese Yen 0.671 0.676
Kuwaiti Dinar 276.70 277.10
Malaysian Ringgit 22.90 23.40
NewZealand $ 52.80 53.20
Norwegians Krone 13.65 13.75
Omani Riyal 192.25 192.45
Qatari Riyal 20.34 20.44
Saudi Riyal 19.75 19.85
Singapore Dollar 52.30 52.70
Swedish Korona 11.55 11.65
Swiss Franc 67.25 67.65
Thai Bhat 2.20 2.50
U.A.E Dirham 20.20 20.50

 

 
Bullion BULLION RATES
KARACHI:
Gold Tezab 19757.00
Silver Tezabi 342.85
LAHORE:
Gold Tezabi 19719.00
Gold 22 CT 18076.00
Gold 21 CT 17254.00
Silver Tezabi 355.80
Silver Thobi 347.20
MULTAN:
Gold Tezabi (24-Ct) 19110.00
Gold 22 Ct 17480.00
SilverTezabi 395.00
Silver Thobi 391.00

 

 

 

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Hurmat Group

President & Editor-in-Chief: Zahid Malik
Editor Foreign Affairs: Abdul Sattar
Editor: Faisal Zahid Malik
Executive Editor: Gauhar Zahid Malik

Deputy Editor (IR): Dr Jassim Taqui

Pakistan Observer, Ali Akbar House G-8 Markaz, Islamabad, Pakistan

Phone: +92 (051) 2853818, 2852027-8
Fax: +92 (051) 2262258
Email: observer@pakobserver.net
 

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