Tag: Growth

Int’l telecom traffic exhibits phenomenal growth

KARACHI: The Long Distance International (LDI) industry has reported the highest number of international outgoing traffic minutes in the Financial Year 2009-10 as a total of 3.2 billion international outgoing minutes have been recorded. In addition, hefty revenue of Rs 47.06 billion was generated. This surge is primarily due to competitive international tariffs offered by various operators.
The annual report of 2009-10 disclosed that a total of 9.43 billion outgoing international

Pak-Swiss trade shows consistent growth: Bubb

KARACHI: Swiss Ambassador to Pakistan Christoph Bubb said that the bilateral trade between the two countries was picking up in the aftermath of the global recession. Bilateral trade between two countries, which had shown consistent growth over the past several years, was now showing further improvement as signs of the global recession are fizzling out, he said.
He was talking to newsmen at a dinner-reception arranged in his honour by the Swiss Consul General Didier Boschung in

NCEL shows exponential growth

LAHORE: Trading volumes at National Commodity Exchange Limited (NCEL) reached new record levels during November with total traded value amounting to Rs 35 billion. Total number of contracts traded exceeded the 100,000 barrier for the first time.
In addition, a record number of brokers were active during the month with the clearinghouse settlement guarantee fund crossing the Rs 300 million mark. This rise in activity amounts to 44 percent growth over the previous month and over

shows strong growth

ISLAMABAD
Telenor has announced its revenue results for the third quarter of current financial year exhibiting growth of nearly ten percent in its subscription base, taking the total tally to 23.84 million.
Its market share remained at a respectable 23 percent and earnings before interest taxes depreciation and amortization (EBITDA) was calculated to be 29.7 percent. Jon Eddy Abdullah, CEO Telenor Pakistan, while commenting on the results said that Telenor Pakistan

GDP growth 4.1pc

KARACHI
In its annual report on the state of the economy for the year 2009-10, the State Bank of Pakistan (SBP) on Monday said that the country's economy witnessed a noticeable improvement in the macroeconomic indicators, as it grew at a rate of 4.1 percent compared with only 1.2 percent in the preceding year.
The report said there was a substantial decline in the annual inflation and the current account deficit. Foreign exchange reserves also rose to historic highs during

Exports shows promising growth as trade balance worsens

KARACHI: Pakistan's economic outlook gained a fillip in the strong exports growth of 16.7 percent in first quarter of 2010-11. From July-Sept 2010, the exports ascended to $5.179 billion compared to $4.437 billion at this time last year. However, on a negative note, imports also increased by 19.02 percent in first quarter of this fiscal and rose to $9.029 billion.
In terms of rupees the exports improved by 21.05 percent, to Rs443.44 billion in the wake of further devaluation of

Secular environment needed for educational growth: HRCP chairman

Secular academic environment is needed for educational growth in Pakistan, Human Rights Commission of Pakistan (HRCP) Chairman Dr Mehdi Hassan said on Saturday.
He made these remarks while addressing a seminar titled "Festival to acknowledge teachers contribution in nation building", organised by the Ali Institute of Education, Lahore. Hassan said that the curriculum of subjects should cover human rights education, democratic traditions, forbearance and education of peace. The