Karachi—Dr Shamshad Akhtar, Governor, State Bank
of Pakistan, has said that the Islamic financial
services industry needs to consolidate itself to
be able to better compete with global players
through achieving scale, efficiency and cost
effectiveness in addition to rapidly building
its capacities to standardize regulation and
supervision and accounting practices, while
strengthening the governance of the industry.
Islamabad—The Ministry of Food, Agriculture,
Food and Livestock (MINFAL) and Monsanto Company
(USA) signed a Letter of Intent (LOI) for using
collective expertise to expand cotton production
in Pakistan through the introduction of Monsanto
derived insect-protection technology Bollgard.
Karachi—British High Commission will now issue
business visa, on recommendation of Pakistan’s
major Chambers of Commerce and Industry, within
24 hours after receipt of a visa application and
on finging it bonafide; meeting all statutory
requirements.
GOVERNMENT of Pakistan should immediate impose
heavy duties on exports of rice to curb boom
which will only benefit few exporters while the
masses will pay dearly for it as shortage of
this commodity has hit price trend across the
globe.
Islamabad—Romanian and Malaysian investors have
expressed keen interest to invest in
infrastructure sector of Pakistan under the
Public Private Partnership (PPP) model.
