Thursday, March 11, 2010 at 9:48 am under Pakistan Breaking news PML-N Candidates Win NA-123, PP-82 Seats PML-Na s Pervez Malik won his seat of NA-123 Lahore with heavy margin on Wednesday while PML-N candidate Azam Chaila clinched his seat of PP-82 Jhang.
A Pakistani Hits Forbes Billionaire List, for the First Time is a post from: ProPakistani
Forbes today released a list of the top billionaires in the world, where Bill Gates lost his crown to Mexican telecom tycoon, Carlos Slim.
There is a good news that Business Tycoon Mian Mohammad Mansha has made his slot in Forbes billionaire list, first Pakistani to achieve the glory.
Mansha’s Nishat Group is Pakistan’s largest exporter of cotton clothes (for brands like Gap) and nation’s largest private employer; also invests in power projects, cement and insurance. Smart bet in banking: Won a controversial bid for Muslim Commercial Bank during the country’s privatization push in 1991. Sold more than half of his MCB shares for $900 million May 2008.
Complete List is Available Here
Forbes is an American Magazine, famous for its lists, including its lists of the richest Americans (the Forbes 400) and its list of billionaires.
Forbes recorded major up and downs in its billionaire list due to recession and many relating factors, resulting Asians to rise – and diluting the domination of Americans in the Billionaire list.
Staff Report ISLAMABAD: Interior Minister Rehman Malik on Tuesday set an eight-day deadline for investigators to submit the first report to identify corruption and individuals in the Pakistan Steel Mills and the private firms, who contributed to the loss to the institution.
NEW DELHI: India Tuesday rubbished Pakistani Interior Minister Rehman Malik's accusations about its involvement in Monday's Lahore blast as "absolutely baseless". "These charges are absolutely baseless," government sources said here Tuesday.
Orascom Nearing Microfinance Bank Acquisition in Pakistan is a post from: ProPakistani
Orascom Telecom, parent organization of Mobilink, is reportedly in talks to acquire a microfinance bank in Pakistan to enter the financial business and strengthen its appearance in the country.
Previously Naguib Sawiris, Executive Chairman, Orascom has shown his interest for buying Microfinance bank, it looks the deal has been maturing now.
The News has reported that a delegation of Orascom comprising almost seven members including the former CEO Mobilink Zohair Khaliq is currently in Pakistan to look this deal.
In this regard the first round of talk between the Orascom people and State Bank of Pakistan (SBP) was already held while the company has seriously been looking to acquire the microfinance bank in order to improve the mobile commerce services.
It merits mentioning here that Telenor Pakistan acquired Tameer Microfinance Bank to promote its mobile based banking services and currently providing various financial services through mobile services.
Orascom did try to buy RBS last year, however, the deal didn’t go through.
Official: Warid Gets a CEO is a post from: ProPakistani
Mr. Muneer Farooqui, CEO, Warid Telecom
As anticipated, Warid Telecom today announced that its Board of Directors have appointed Mr. Muneer Farooqui as company’s new Chief Executive Officer (CEO).
Prior to the appointment he served as Chief Executive Officer of Warid Bangladesh. He has with him almost 20 years of experience mainly in Telecom Industry of Pakistan and abroad.
Commenting on the appointment of the new Chief Executive, Mr. Bashir A. Tahir, CEO Warid International said “We are pleased to appoint Mr. Muneer Farooqui as Warid Telecom’s new Chief Executive Officer. He is a talented and seasoned professional and his unparalleled leadership expertise and extensive experience will enable Warid Pakistan to reach new heights. We have some great expansion plans and, on behalf of the Board, I warmly welcome him and wish him great success.”
“I am truly delighted to have the opportunity to contribute towards Warid Pakistan’s progress. In less than 5 years, Warid family has grown over 18 million customers with a substantial market share of almost 20%. Certainly it is tremendous progress and I seriously think that Pakistan’s cellular market has a lot of potential. I believe quality of service and customer care are the two important areas where we can get competitive edge. I am confident and determined that Warid Pakistan is fully positioned to set excellence benchmarks for the market.” said Mr. Muneer Farooqui, CEO Warid Pakistan.
Mr. Farooqui started his professional journey in the telecommunication arena in 1993 and served in various capacities till 2004. In May 2004 at the time of inception of the company, Mr. Farooqui joined Warid Telecom as part of the core team in the capacity of GM Customer Service. In January 2006, Mr. Farooqui was given a challenging task of leading and creating the team and operations for Warid Bangladesh. He is a result oriented professional who demonstrates support for innovation and organizational changes to enhance organizational effectiveness.
GWADAR: 54 hapless Pakistanis trying to enter Dubai illegally on 3 launches, were drowned somewhere within the maritime limits of Iran.
ISLAMABAD Pakiistan: National Accountability Bureau Chairman Naveed Ahsan has gone on long leave and Deputy chairman has taken over his responsibilities.
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