Pakistan Observer

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Saturday, November 28, 2009, Zil`Hajj 10, 1430

 
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Business News
 
Govt to provide food items thru USC network: CM

Karachi—A high level meeting held under the chairmanship of Sindh Chief Minister Syed Qaim Ali Shah had a detailed review of availability of essential food items in the province, their supply and prices and decided to take stern action against artificial hoarding and profiteering.

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Suspension of packages
PTA serves notices to mobile operators

Islamabad—Pakistan Telecommunication Authority (PTA) has served notices to all cellular mobile operators for suspension of packages and bundle without informing their respective subscribers on the occasion of Eid.

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Iran completes major part of IPI gasline work: CG

Karachi—Iranian Consul General, Masoud Mohammad Zamani said Iran has completed major portion of work on Iran-Pakistan-India gas pipeline project and within couple of months the pipeline will at Iran-Pakistan border. “Hopefully, by 2013 Iran gas will be used in Pakistan,” Iranian envoy explained during a meeting with members of Karachi Chamber of Commerce and Industry here at KCCI.

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Asia banks, builders battered by Dubai debt doubts

Monitoring Report

SHARES of leading banks across Asia, including HSBC Holdings and Standard Chartered, tumbled on Friday as concerns grew over exposure to Dubai, after the emirate said two of its flagship firms planned to delay repayment on billions of dollars in debt.

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Country’s coal reserves sufficient for 100-year

Islamabad—Sustained efforts of the government resulted in discovery of about 174 billion tons Coal reserves in Thar deserts in Sindh, having potential to fulfill the energy requirement of the country for hundred years. To facilitate the investors in Thar Coal field more than Rs.two billion have been spent on the discovery, evaluation of coal and development of infrastructure, official sources told APP.

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