Pakistan Observer

Appearing from Islamabad, Karachi, Lahore, Peshawar, Muzaffarabad & Quetta

Saturday, November 7, 2009, Zhul-Q'ada 18, 1430

 
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Business News
 
EDB striving to achieve competitiveness: Asad

SHR Jahfery

Islamabad—Engineering Development Board EDB) is striving to achieve competitiveness & efficiency improvement of industry through tariff rationalization and other objectives are reducing cost of business and imports, encouraging local production and consumption of locally manufactured goods.

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Nokia investment in ‘touch and music’ devices

Staff Reporter

Karachi—Nokia Pakistan on Friday announced the launch of its latest touch and music portfolio at an event held here. Country General Manager, Nokia Pakistan Imran Khalid Mahmood, and Head of Marketing LIVE category, Nokia Middle East and Africa, Christophe Corsi, presented the company’s strategy towards music business and shared the leadership in touch phones portfolio.

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ICCI asks MNCs to invest in CSR for social uplift

Staff Reporter

Islamabad—Profit maximization for their shareholders should not be the only focus of the operations of multinational companies (MNCs) and they should re-plough some of their profits by increasing investments in corporate social responsibility (CSR) activities for social uplift of the country. Zahid Maqbool, President, Islamabad Chamber of Commerce & Industry said this while exchanging views with some representatives of multinational companies at ICCI.

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Condition of CNIC copy for SIM data correction removed: PTA

Staff Reporter

Islamabad—Pakistan Telecommunication Authority (PTA), in order to facilitate mobile users seeking correction in their SIM data, has removed the condition of CNIC copy being provided by the consumers. Khurram A. Mehran Director (PR), here Friday said that presently, extensive monitoring of the “SIM Information System – 668” is being carried out after its successful deployment throughout the country.

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New Zealand shares rise 0.50pc

Wellington—New Zealand share prices rose 0.50 percent Friday, as local investors followed strong gains in overseas markets, dealers said. The benchmark NZX-50 index closed up 15.66 points at 3,160.16 on light turnover worth 72.8 million dollars (52.6 million US). There were 51 rises and 23 falls among the 106 stocks traded.

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Forex FOREX RATES
USA 83.75 83.55
UK 137.92 137.59
Euro 123.62 123.33
Canada 77.64 77.45
Switzerland 81.91 81.72
Australia 75.69 75.51
Sweden 11.85 11.82
Japan 0.9297 0.9275
Norway 14.68 14.64
Singapore 59.81 59.66
Denmark 16.61 16.57
Saudi Arabia 22.33 22.28
Hong Kong 10.81 10.78
China 12.27 12.24
Kuwait 292.83 292.13
Malaysia 24.43 24.38
Newzealand 60.48 60.34
Qatar 23.00 22.95
UAE 22.80 22.75
KR WON 0.0706 0.0705
Thailand 2.504 2.498
 

 

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