Lahore—Zarai Taraqiati Bank Limited’s (ZTBL)
profit of Rs 2 billion this year has marked
another landmark achievement and this initiated
the bank to raise its assets by constructing its
own buildings. This was stated by the ZTBL’s
President Zaka Ashraf in a ground breaking
ceremony of ZTBL building at Vehari, says a
spokesman of the bank here on Wednesday.
Islamabad—The Chairman, Competition Commission
of Pakistan, Khalid Mirza has said that
competition agencies have a very important role
to play in infrastructure development as the
Competition Law extends to all economic
activities. He was speaking at the “South Asia
Conclave on Enabling Regulation for Investment
in Infrastructure” in New Delhi on Tuesday.
Karachi—The Telenor Pakistan opts for solar
power to extend services to rural customers. An
announcement here on Wednesday said that
Pakistan can now cost effectively extend its
network to untapped rural areas of the country.
It said that the mobile operator has signed a
contract with Nokia Siemens Networks to build
off-grid sites using the energy harvested from
the sun. Telenor Pakistan was the first cellular
operator in Pakistan to have a site dependent on
solar technology in January 2008, it was pointed
out.
Beijing—The World
Bank Wednesday upgraded its 2009 growth forecast
for China to 8.4 percent on the back of huge
public spending but said stronger domestic
demand was needed to ensure a sustainable
recovery. The new prediction by the
Washington-based lender in its quarterly update
marked a sharp jump from its June forecast for
7.2 percent growth.
Islamabad—Mari Gas Company (MGCL) ltd realizing
its Corporate Social Responsibility immediately
responded to the crises faced by Internally
Displaced Persons (IDPs) of South Waziristan
Agency (SWA). The company dispatched relief
goods worth Rs. 01 million as its first tranche
for the families who have suffered physically
and emotionally due to massive operation against
Taliban in the effected areas.
