Tag Archives: Expansion

Gilani orders expansion of BISP

Prime Minister Yousaf Raza Gilani Tuesday directed the speedy expansion of Benazir Income Support Programme (BISP) with introduction of new technologies to provide financial benefits to vulnerable sections in all parts of

PMEX plans expansion after 1,026 percent growth

KARACHI – Pakistan Mercantile Exchange Limited (PMEX), the country’s de-mutualised commodity exchange has seen trading volumes continuing to hit historic highs. The exchange now plans to further expand in the commodities listed at the Exchange during the current financial year.
The PMEX management indicates that the new items to be listed on the commodity market by the year’s end will include sugar, wheat, maize, basmati rice and currency futures. Currently, trading on the PMEX

Monetary expansion on rise – Government borrowing rings alarm

KARACHI – Monetary expansion in the country continues to be on the higher side owing to a couple of factors, including the higher net foreign assets (NFA) and ever-increasing government borrowings from the banking system. The provisional data released by the State Bank of Pakistan (SBP) on Tuesday reveals that Broad Money (M2) witnessed a robust growth of 8.06 percent or Rs 465.663 billion in value terms during July 1 to February 19, 2010-11.
It shows a growth of Rs 218.54

BHATTA CHOWK EXPANSION – Land owners reluctant to give up their lands

LAHORE – The Bhatta Chowk expansion plan is likely to land in the eye of the storm over acquisition issue as Punjab government has released Rs 1.15 billion regarding compensation money but shop owners are reluctant to sell their properties and want the deal negotiable on their own terms and condition.
The government has issued the notices to more than 200 shops, hotels and plazas running their business at Bhatta Chowk. According to the notice, under major Infrastructure

Qubee outlines expansion plan

KARACHI – Qubee has planned to introduce advanced internet technology to reach millions of customers in new cities with a planned investment of $150 million by the end of 2011, Augere Holdings Chief Marketing Officer Alistair Johnston has claimed.
Briefing a group of journalists, he revealed the future plans of Qubee, a 100 percent shareholder subsidiary of Augere, to be executed during the year. In January 2008, Augere raised $125 million in the first round of investment from

IMF strapping financial expansion, secretary tells Senate

ISLAMABAD – The financially-strapped government has been rendered incapable of establishing an infrastructure bank to meet the ever-rising financial needs because of its commitment with International Monetary Fund (IMF), Secretary Finance Waqar Masood Khan informed the Senate Standing Committee on Finance on Wednesday.
He was replying to complaints by the senators that the rolling back development finance institutions (DFIs) was a major impediment in the country’s