News tagged with "chief-executive"

Banks asked To Furnish Details Of Shareholding Of Executives

The State Bank of Pakistan has asked all the locally incorporated banks to furnish to it (SBP) the details of shareholding of their Chairman, Managing Director or Chief Executive Officer on yearly basis. ‘In terms of powers conferred under Section 14(3) of the Banking Companies Ordinance,1962, it has been decided that every Chairman, Managing Director or Chief Executive Officer (by whatever name called) of a banking company shall furnish to the State Bank of Pakistan through the banking company returns on yearly basis containing full particulars of the extent and value of his holding of shares, whether directly or indirectly, in the banking company and of any change in the extent of such holding or any variation in the rights attaching thereto as per prescribed format within 15 days of the close of each calendar year’, says BPRD Circular No.4.

UAEs Etisalat Claims 24 Pct Of Afghan Mobile Market

ABU DHABI : Emirates Telecommunications Company said on Wednesday it commands a 24 percent share of the mobile telephone market and revenues grew three-fold in 2009 in Afghanistan, one the most difficult markets. Etisalat, which entered Afghanistan in 2007, has invested $300 million and employs some 10,000 Afghans, Saeed Al Hamili, chief executive of Etisalat Afghanistan said. “We managed to attract nearly three million customers and control 24 percent market share in 27 provinces in Afghanistan

Plans to shift out World Cup from subcontinent – reports

World Cup 2011, Security concern in India are raising higher and higher as with several cricketers in line to pull-out from the Indian Premier League (IPL) due to terror threats. With the prevailing concerns reports are also floating for the contingency plans to shift the next year’s World Cup from the Indian subcontinent to [...]

ICC dismisses BCCI’s appeal against Delhi pitch ban

International Cricket Council (ICC) has dismissed Board of Control for Cricket in India (BCCI) appeal against the decision to declare the pitch at Feroz Shah Kotla ground in New Delhi. The fifth ODI between India and Sri Lanka was abandoned after 23.4 overs on 27th December 2009 due to dangerous and unsafe pitch.
The original [...]

National Assembly’s Standing Committee endorses DHA bill 2007

Islamabad, Paksitan News :- NA Standing Committee endorses DHA bill 2007 National Assembly’s Standing Committee on Defence has approved Defence Housing Authority bill 2007 while PML-N members opposed the bill. The meeting of the NA standing committee was held in Islamabad with Chairperson Dr

Spain starts huge reform

Spain’s government has approved a sweeping reform package designed to reduce its recession-hit economy’s reliance on the construction sector and usher in a more sustain-able growth model.

Minister in the clear

Former UAE minister, Khalifa Bakhit al-Falasi, has been cleared of corruption charges on appeal for a second time.

In court for kidnap

Four men posing as police officers kidnapped a man at knifepoint and stole dhs3,500 from him, a court heard. Three Pakistani men and one stateless man pleaded not guilty to kidnapping charges at Dubai Court of First Instance.

Cutting emissions

A new centre is set to be established in Dubai to cut carbon emissions. It is being set up as Dubai has the second highest carbon footprint in the region after Qatar. The new centre called Dubai Carbon Centre of Excellence will be established in the first quarter of 2010 and will be managed by Dubai Electricity and Water Authority assisted by the United Nations Development Programme (UNDP)

Banks can’t fund projects

Gulf banks are unable to finance huge projects in the? region and fill a credit gap created by the withdrawal of foreign banks amid the global financial crisis, bankers said yesterday. “The total shareholders’ equity of the top 150 Arab banks is just $170 billion,” Shaikha Al Bahar, deputy chief executive of National Bank of Kuwait, told the Kuwait Financial Forum

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