Economic Review articles from January 1 2009

Economic Review archives from January 1 2009

A tribute to (Late) M. A. Chishti.(TRIBUTE)(Obituary)
January 1, 2009... This is not fair of you to have gone so quietly not a word not even a hint and not a slightest indication that you were preparing for your last journey for the new abode. It was only when you had already begun the journey that we came to know...

Calling up new hazards.(WORLD SCENERIO)(Occupational safety and health)
January 1, 2009... Millions of people worldwide earn their living working in call centres. Andrew Bibby focuses on one small area in the United Kingdom where the work has changed, to report on new health and safety issues in the worldwide rush to outsource...

Pakistan international container terminal.(The ultimate succes story)
January 1, 2009... As success stories go, it is hard to heat. Since securing a contract with the Karachi Port Trust in 2002 for the exclusive construction, development, operation and management of a container terminal, PICT has exceeded everyone's expectations....

The Universal Insurance Company Limited.(COMPANY PROFILE)
January 1, 2009... The Universal Insurance Company Limited - a part of Bibojee Group of Companies was established by an eminent industrialist the late Lt. Gen. (R) M. Habibullah Khan Khattak. This Company entered insurance market in 1960 and at present is one...

New Jubilee Insurance Company Limited.(COMPANY PROFILE)(Company overview)
January 1, 2009... Established in 1953, NJI is one of the most reputable and brightest name in the insurance sector. NJI ranks among the "Big Three" Pakistani insurers in terms of gross direct premium and financial base. Major shareholders include Aga Khan Fund...

Takaful Pakistan Limited.(COMPANY PROFILE)(Company overview)
January 1, 2009... Takaful Pakistan Limited was incorporated in June, 2006 with its registered head-office in Karachi. With authorised and paid-up capital of Rs.300 million, the Company is sponsored by reputable financial institutions both local and foreign. The...

The United Insurance Company of Pakistan Ltd.(COMPANY PROFILE)(Brief article)
January 1, 2009... While addressing the 48th Annual General Meeting of the United Insurance Company Limited., on March 28, 2008, at Lahore, the Chairman and Chief Executive, Mian M. A. Shahid, high-lighted the salient features of the unprecedented growth of the...

UBL Insurers Limited.(COMPANY PROFILE)
January 1, 2009... UBL Insurers Limited is an associated company of UNITED BANK LTD. It is jointly owned by United Bank Limited (UBL) and the Bank's sponsors, the Abu Dhabi Group and Bestway Group. UBL Insurers has been licensed to transact general insurance...

Insurance Association of Pakistan - IAP.(COMPANY PROFILE)
January 1, 2009... Before 1947, there were three Insurance Associations in the subcontinent at Calcutta, Bombay and Madras; Bombay Association had a branch in Karachi. After the establishment of Pakistan, the Insurance Association of Pakistan was formed and...

Indian rupee posts biggest yearly fall since early '90s.(News Flash)(Brief article)
January 1, 2009... The Indian rupee posted its biggest yearly fall since a balance of payments crisis in early 1990s as the global financial crisis triggered a surge in capital outflow, but is expected to gain early in 2009. (B.R..... 01 Jan, 2009)

KES, VectraCom sing MoU.(News Flash)(Karachi Stock Exchange and VectraCom (pvt) Ltd)(Brief article)
January 1, 2009... Karachi Stock Exchange (KSE) has signed a memorandum of understanding (MoU) with VectraCom (pvt) Ltd. To launch SMS, IVR and WAP/J2ME based products to provide real-time stock market data to mobile users. (B.R..... 02 Jan, 2009)

Terminals, officers of defunct SRTC and KTC to be revived.(News Flash)(Brief article)
January 1, 2009... Provincial transport Minister Akthar Husssain Jadoon assured that ministry would reconstruct and repair the bus terminals and officers of defunct SRTC and KTC so that government transport system is revived in Sindh. (B.R..... 08 Jan,...

Hyundai's first luxury sedan wins 'Best car of the year'.(News Flash)
January 1, 2009... South Korea's Hyundai won its first "best car of the year" award at the Detroit Auto for its entry in to the luxury market, proving that recession does not mean foregoing frills. (B.R..... 12 Jan, 2009)

Textile sector loosing grip in international markets.(News Flash)(Brief article)
January 1, 2009... The Pakistan Economy Watch (PEW) the country's most critical textile sector is facing big challenges in the international markets due to the energy crisis. (B.R..... 12 Jan, 2009)

ILO extends support to Balochistan.(News Flash)(International Labour Organisation)(Brief article)
January 1, 2009... The international Labour Organisation (ILO) will provide technical assistance to the government of Balochistan's planned development initiative 2009-2013 focusing promotion of overseas youth employment and for a child labour free Balochistan....

Railways earned over Rs.12bn in July-December.(News Flash)(Pakistan Railways)(Financial report)(Brief article)
January 1, 2009... Pakistan railway earned Rs 12150.420 million during July-Dec 2008 on account of increasing fares and introduction of high capacity wagons, well-placed sources in the Ministry of Railways. (B.R..... 13 Jan, 2009)

Pakistan missed the opportunity to export $300m rice.(News Flash)(Brief article)
January 1, 2009... Pakistan has missed an opportunity to export rice worth $300 million as it could not participate in three different tenders of 0.750 million tons rice in international market due to high prices. (B.R..... 14 Jan, 2009)

'Emaar' gets ISO-9001-2008 Certification.(News Flash)(Emaar Properties)(Brief article)
January 1, 2009... Emaar Pakistan, the country's subsidiary of Dubai-based Emaar Properties PJSC, has been awarded the ISO 9001:2008 Certification for its DHA Islamabad Ltd Company. (B.R..... 14 Jan, 2009)

Mobilink launches first handset recyling programme.(News Flash)(Mobilink Telecom Inc.)(Brief article)
January 1, 2009... The mobilink has initiated Pakistan's first "Handset Recycling Programme" to share the benefits of cellular communication with the hearing impaired and the disabled and minimize the environment impact of cellular waste through recycling. ...

25,000 tons additional petrol will be imported through PSO.(News Flash)
January 1, 2009... The government has decided to import additional 25,000 tons petrol through Pakistan State Oil (PSO) due to lower oil production by refineries during the current month to overcome shortage. (B.R..... 16 Jan, 2009)

Current account deficit down by 43pc in December.(News Flash)
January 1, 2009... Pakistan's current account deficit presented significant improvement during December 2008 with a decline of 43 percent commodity prices. (B.R..... 17 Jan, 2009)

Some collectorates issue vague letter to bank.(News Flash)(Brief article)
January 1, 2009... Some collectorates of sales tax have issued vague letter to banks for recovery of outstanding dues from tax defaulter without specifying particular bank branch or account number, making it difficult for bank to recover arrears from defaulters....

Iran sees oil at around $ 40 in 2009.(News Flash)(Brief article)
January 1, 2009... Iran's Oil Ministry anticipates a crude oil price of about $40 a barrel in 2009, Oil Minister Gholamhossein Nozari was quoted, Suggesting Tehran does not except the market to rebound soon. (B.R..... 18 Jan, 2009)

Ufone launches collect call service.(News Flash)(Brief article)
January 1, 2009... For the first time in Pakistan, Ufone, launches another service terming it collect call enabling uses to make a call even when they want the called number to pay for them. (B.R..... 20 Jan, 2009)

U.A.E agree to initiate khalifa point refinery project.(News Flash)
January 1, 2009... The United Arab Emirates (U.A.E) government has agreed to initiate $ 5 billion khalifa point oil refinery project in Balochistan. (B.R..... 22 Jan,2009)

PSO seeks govt help to recover Rs11bn dues.(News Flash)(Pakistan State Oil Company Ltd.)(Brief article)
January 1, 2009... Pakistan State Oil (PSO) has request the advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Hussain to intervene and immediately get its due amounting to Rs 11 billion cleared thereby enabling it to place fresh order for oil...

Pepco supplying power on priority.(News Flash)(Pakistan Electric Power Company )(Brief article)
January 1, 2009... Pakistan Electric Power Company (Pepco) is supplying power to 400 predominantly agriculture tube well feeders on priority to meet the irrigation need of wheat crop. (B.R..... 23 Jan, 2009)

Japan launches satellite to track greenhouse gases.(News Flash)(Brief article)
January 1, 2009... Japan successfully launched the world's first satellite dedicated to monitoring greenhouse gas emission, aiming to aid the flight against global warming while boosting its own space industry. (B.R.... 24 Jan, 2009)

Women entrepreneurs' role in economic growth urged.(News Flash)(Brief article)
January 1, 2009... Woman entrepreneurs need to play their role with greater reliance, self esteem and dedication for the economic growth of the country, Lahore Chamber of Commerce (LCCI) Open House Session for women entrepreneurs. (B.R.... 25 Jan, 2009)

Pakistan eager to benefit from China's economic success.(News Flash)(Brief article)
January 1, 2009... Pakistan and china friendly relations are time tested, higher than mountains, deeper than oceans and will keep on growing day by day, said senator Waqar Ahmad Khan, Minister of Investment in a meeting with Lua Zhaohui, Ambassador of china. ...

Canada and Pakistan to cooperate in solar energy generation.(News Flash)(Brief article)
January 1, 2009... A five member delegation of Canadian Solar Incorporation (CSI), headed by Special Advisor to immigration Minister, Canada, Wajid Khan called on Chairman, National Vocational & Technical Education Commission (NAVTEC), Adana A. Khawaja in his...

Banks markup main reason for low industrial output, NA told.(News Flash)(National Assembly)(Brief article)
January 1, 2009... Minister for Industries and Production Mian Manzoor Ahmed Watto informed the National Assembly that his Ministry and Finance Advisor for reducing banks markup to boost industrial production. (B.R.... 29 Jan, 2009)

Train to represent Pakistan.(News Flash)(Shaukat Tarin )(Brief article)
January 1, 2009... Advisor to Prime Minister on finance and Economic Affairs, Shaukat Tarin would represent Pakistan in week-long meeting with Pak-Japan Business Cooperation Committee and other state dignitaries in Tokyo and disucss them with business and...

Need to revamp agriculture marketing system.
January 1, 2009... The crash in prices of cotton and rice by a whooping 30 to 40 percent this year has renewed growers' demand for revamping domestic agriculture marketing system. They want to replace the existing system with one that takes care of at least...

Remarkably resilient despite challenging economic environment.(Pakistan's banking sector)(Report)
January 1, 2009... Pakistan's banking sector has remained remarkably strong and resilient, despite facing pressures emanating from weakening macroeconomic environment since late 2007, according to the assessment of the Stale Bank of Pakistan's Financial Stability...

Leader's in industry.(Hasanali Abdullah from Insurance Association of Pakistan)(Saifuddin N. Zoomkawala from EFU General Insurance Ltd. )(Tahir Ahmed from New Jubilee Insurance Company Limited.)(Occupation overview)
January 1, 2009... The following pages includes life sketches of Chairman, Managing Directors and Executives responsible for managing that affairs of top rated companies in Pakistan. Mr Hasanali Abdullah is a Chartered Accountant by profession. He joined EFU...

Insurance industry's recent progress & achievements.
January 1, 2009... The insurance sector, until end 2000, was under the regulatory purview of the Ministry of Commerce. During that period, the private sector insurance industry was fragmented and suffered from operational inefficiencies, lack of professionalism...

State bank to issue monetary policy.(Law overview)
January 1, 2009... Syed Salim Raza, Governor State Bank of Pakistan disclosed that the SBP Central Board of Directors has decided that the central bank will issue Monetary Policy Statement on quarterly basis. Unveiling the Monetary Policy Statement at a press...

Ghandhara launches locally assembled sunny.(News Flash)(Ghandhara Nissan Ltd)(Brief article)
January 1, 2009... Ghandhara Nissan Ltd has launched locally assembled sunny with 1,300cc and 1,600cc engines, with manual and automatic transmission, as per the desire and need of valued customer. (B.R.... 03 Feb, 2009)

World Bank to triple health lending to $3bn.(News Flash)(Brief article)
January 1, 2009... The World Bank expects to triple its lending for health programmes to $3 billion this year to mitigate the impact of the global credit crisis in poor countries senior officials. (B.R.... 06 Feb, 2009)

Govt to allocate 12 mmcfd gas form SSGCL.(News Flash)(Sui Southern Gas Company Ltd.)(Walters Power International )(Brief article)
January 1, 2009... The government is to allocate 12 mmcfd gas from Sui Southern Gas Company Limited (SSGCL) system for the establishment of a 50 MW rental power plant by M/s Walters Power International (WPI). (B.R..... 10 Feb, 2009

Nokia's new supernova now in Pakistan.(News Flash)(Nokia Corp.)(Brief article)
January 1, 2009... Recognising that no one style fits to all, Nokia has unveiled a new range of products to let consumers express their personal style on a number of level ranging from stylish designs, to personalisation through vibrantly hued exchangeable...