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NEWS ALERT: General Motors has unveiled three new models for China in a bid to keep its edge in a vital market as it struggles for survival at home. The massive Buick Enclave SUV, the sporty Chevrolet Cruze sedan and a zippy but powerful Cadillac CTS-V were unveiled in this aspiring auto industry hub in southern China.

NEWS ALERT: The global technology leader in information commerce, FIRST DATA, has entered Pakistan to avail opportunities in the current economic crisis when banks need to improve their operational activities.

NEWS ALERT: The Council of Islamic Ideology (CII) would hold a two-day All Pakistan Ulema Workshop on the subject of Islamic Banking and Finance from November 17 to November 18, 2008 in Islamabad.

NEWS ALERT: British mobile phone company Vodafone net profit had slumped 35 percent to 2.14 billion pounds (2.63 billion euros, 3.35 billion dollars) in the first half of its financial year.

NEWS ALERT: The profit after tax of Bank Alfalah Limited has declined to Rs 632.907 million in the quarter ended September 30, 2008 as compared to Rs 1,775.969 million earned in the corresponding period in 2007.

NEWS ALERT: British drugmaker GlaxoSmithKline PLC is restructuring its U.S. operations, starting with reducing its U.S. sales force by 1,000. The world No. 2 pharmaceutical company by sales has about 8,500 U.S. sales representatives, out of a total of 22,500 employees in the U.S.

NEWS ALERT: Dubai Islamic Bank Pakistan Limited (DIBPL) has achieved an impressive growth of 55 percent in its financing and a 42 percent increase in deposits for the nine-month period ended in September. DIBPLs financing portfolio stands at Rs 17.5 billion and customer deposits at Rs 22.9 billion as at September 2008.

NEWS ALERT: Siemens Pakistan has posted a profit after tax of more than Rs1.769 billion for the year 2007-08 and announced a final cash dividend of 600 per cent.

NEWS ALERT: Over 20 local pharmaceutical companies have arbitrarily increased the prices of essential medicines upto 143 percent. The maximum increase of 143 percent has been made by S J & G for its tablet Mevrine.

NEWS ALERT: President Asif Ali Zardari appreciated the plans of China Mobile to further invest $600 million in the country to provide seamless connectivity all over Pakistan. He was talking to a delegation of China Mobile that called upon him at the State Guest House in Beijing.

NEWS ALERT: The Federal Board of Revenue (FBR) has decided to bring mobile phone users, having annual bill of over and above Rs 100,000 into the tax-net under the new plan to broaden the tax-base in 2008-2009. It means that the cellular subscriber with monthly bill of Rs 8,333 would be brought into the tax net.

NEWS ALERT: Pakistan Telecommunication Authority (PTA) has decided to implement a system for activation of new mobile SIMs after verification of customers antecedents from January 31, 2009.

NEWS ALERT: This year PIA will be transporting approximately 132,153 Haj pilgrims to Saudi Arabia through 310 Haj flights from Karachi (including Multan. Faisalabad and Sukkur), Islamabad, Lahore, Peshawar and Quetta.

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