Archive for November, 2010

Etihad Reports High Profitability For 2010

Etihad Airways reported profitable earnings before interest, taxation, depreciation, amortisation and rentals (EBITDAR) for 2010, said Chief Executive Officer James Hogan, marking an important step forward in the airline’s journey towards full break-even in 2011 and profitability in 2012.This will be achieved despite heavy investment in new routes, fleet and infrastructure. All indicators show that [...]

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The WikiLeaks release of more than 250,000 diplomatic cables

WASHINGTON: The WikiLeaks release of more than 250,000 diplomatic cables on Sunday has infuriated Washington, where officials said it could put lives in danger and threaten national security. At least one US lawmaker called for the prosecution of the founder of the whistle-blower website, which had previously released nearly a half million classified military reports [...]

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Crush Extremism

Park51, originally named Cordoba House, is a planned 13-story Muslim community center to be located two blocks from the World Trade Center site in Lower Manhattan. The major part of the center will be open to the general public. It will contain a Muslim prayer space that has controversially been referred to as the “Ground [...]

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Islamic Business Contracts and Microfinance

A case of Mudaraba Microfinance is defined to be “providing small loans to the poor people who are traditionally excluded from financial system. Microfinance is a powerful tool to fight poverty. Microfinance means building financial systems that serve the poor and helps them raise income, build their assets, and cushion themselves against external shocks. Microfinance [...]

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Punjab govt bans Sunni Ittehad Council (SIC) long march

Punjab government has banned long march organized by Sunni Ittehad Council (SIC) to be started on Saturday from Islamabad to Lahore. The government also took control of all transport booked for the event.C297Y8CMXWTZ According to details SIC, an alliance of sunni school of thought has planned to organize a long march from Darbar Bari Imam [...]

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Consensus of all political parties on demise of merit

The parliamentary standing committee of National Assembly on Cabinet/ Establishment, in full collaboration with government and the opposition including PML (N), has unanimously approved an amendment in the law to enable “anyone authorized by the prime minister” to become the chairman of the high-powered Central Selection Board (CSB), which recommends promotion in BS-20 and BS-21 [...]

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First Children’s Ombudsman Office in Pakistan

Children’s Complaint Office (CCO) is the first children’s ombudsman office in South Asia established by Wafaqi Mohtasib and the United Nations Children’s Fund (UNICEF). The basic purpose of CCO is to receive, examine and investigate complaints made by or on behalf of children whose rights have been violated by a federal department or agency. Besides, [...]

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Senate approves RGST recommendations

The Senate on Friday approved the recommendations of the Standing Committee on Finance and Revenue pertaining to the Reformed General Sales Tax (RGST) Bill. The bill was approved by majority in the Senate. However, the Pakistan Muslim League – Quaid (PML-Q) staged a walkout against the endorsement. Speaking to media representatives, opposition leader Wasim Sajjad [...]

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Etihad Airways Signs Codeshare Deal With Asiana Airlines

Etihad Airways, the national airline of the United Arab Emirates (UAE), has announced a codeshare agreement with Asiana Airlines, the major airline of South Korea, complementing Etihad’s own daily return service to Seoul, which commences on December 10. The new cooperative relationship will see flights between Etihad’s home-base Abu Dhabi, Seoul and beyond, operating under an EY (Etihad) [...]

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Samsung constructing a modern school for rural children in Kasur

Samsung Electronics, the global leader and award winning innovator in consumer electronics has collaborated with SOS Rural Support Programme, for the construction of a modern school at Ladhayke Village in District Kasur, to serve a vast rural area and uplift the standard of education. Samsung will provide funds for complete construction and furnishing of this [...]

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