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 Pakistan   |   World  

Curb grey traffic, channelise forex deals via SBP: government making it mandatory for cellular companies
ISLAMABAD (July 29, 2010): The government is reportedly making it mandatory for the cellular companies to procure systems to curb grey traffic and channelisation of monetary transaction with foreign operations through the State Bank of Pakistan, official sources told Business Recorder. Incoming international telephony traffic generates a financial premium over the cost of conveying and terminating such traffic into Pakistan.



Super Engineer Competition: Mobilink holds prize distribution ceremony
ISLAMABAD (July 29, 2010): Mobilink held a prize distribution ceremony here at Mobilink Office on Wednesday to conclude the "Mobilink Super Engineer Competition". The title was won by students from Ghulam Ishaq Khan Institute of Engineering Sciences and Technology.



PTA and NUST sign MoU
ISLAMABAD (July 28, 2010): Pakistan Telecommunication Authority (PTA) and National University of Science and Technology (NUST) have signed a Memorandum of Understanding (MoU) to enhance mutual co-operation for research in the relevant field and to promote mutually beneficial relations between the two organisations.



Rs 400 million FED liability raised against cellular firm challenged
ISLAMABAD (July 25, 2010): A huge amount of tax liability of Federal Excise Duty (FED) under Sales Tax mode, raised against a leading cellular company by Large Taxpayer Unit (LTU) Islamabad, has been challenged where provisions of section 36 of the Sales tax Act 1990 have been invoked to create a demand of over Rs 400 million against the company.



ZONG becomes fastest growing network in country
KARACHI (July 25, 2010): ZONG has become the fastest growing network of country as it has recorded 500 percent growth in terms of number of cell sites during the last three years. The Company now has 5,612 cell sites out of which a massive 4,500 have been set up since 2007. In April 2008, ZONG joined the Telecom industry in Pakistan as the smallest operator.



100th Jazz Super SMS Khazana winner announced
LAHORE (July 22, 2010): Mobilink, Pakistan's market leader in cellular services and part of Orascom Telecom Holding, has recently announced the 100th winner of Jazz Super SMS Khazana, an exciting trivia-based contest which gives Jazz customers a chance to win cash prizes on daily, weekly and instant basis.



PTA arrests accused, confiscates GSM multiplexers
ISLAMABAD (July 22, 2010): Pakistan Telecommunication Authority (PTA) in collaboration with FIA Cyber Crime Wing raided an illegal gateway exchange in Hyatabad, Peshawar, arrested one person while confiscating GSM Multiplexers switches and other accessories. It may be mentioned that during the last one year, PTA has conducted 29 successful raids on grey traffickers throughout Pakistan, which included small and big gateway operators.



Pakistan may launch new satellite next year
ISLAMABAD (July 20, 2010): Pakistan is planning to replace PAKSAT-1 with a new communication satellite PAKSAT-1R and hopefully it will be launched on August 14, 2011. The satellite will support all conventional and modern Fixed Satellite Service (FSS) applications, will use the geostationary orbit, and acquire a constant height of 36,000km above the surface of earth crust.



Landline connection: PTCL lowers installation charges
ISLAMABAD (July 16, 2010): Pakistan Telecommunication Company Ltd (PTCL) has lowered its installation charges for the new PSTN telephone connections to Rs 500 for all the NTC commercial and residential customers. The customers who desire to have PTCL landline connection would now have to pay only Rs 500 compare to previous charges of Rs 750 as the connection charges.



Mobilink concludes awareness drive
ISLAMABAD (July 16, 2010): Mobilink will conclude its awareness drive on Friday (today) to support the National Polio Campaign (NPC) and the Polio Control Cell. As an integral member and advocate in the fight against polio, Mobilink has conducted 3 rounds of awareness in the past reaching out to millions of Pakistanis.


  

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The Rupee
Interbank closing rates for dollar on Thursday.
BuyingRs 85.65
SellingRs 85.70
All-round fall
8315.55  17.85
Sectoral Indices 
Market at Close
BRIndex-30 8,309.88
KSE-30 Index 10,417.37
KSE-100 Index 10,438.66
LSE-25 Index 3,357.35
ISE-10 Index 2,648.85
Gold Per 10gm 32,614.00
KCA Spot Rate 6,200.00
Libor Rate 0.67769
World Indices
Index Closing Chg%
DJIA 10,467.16 0.29
Nasdaq 2,251.69 0.57
S&P 1,101.54 0.41
FTSE 5,313.95 0.10
DAX 6,134.70 0.72
CAC-40 3,651.91 0.50
Nikkei 9,696.02 0.60
H.Seng 21,093.82 0.01
Sensex 17,992.00 0.19
NY Closing
Euro 1.3075
Sterling 1.5611
Swiss Franc 1.0404
Yen 86.7150
Gold 1169.50
Cotton 76.910
Oil 78.31
Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyJune
Trade Balance $-1.40 bln
Exports $1.82 bln
Imports $3.22 bln
WeeklyJuly 29, 2010
Reserves $16.701 mln
 











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