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NEWS ALERT: NOKIA, The world's biggest maker of mobile phones, expects its share of the global handset market to remain flat next year. NEWS ALERT: Coca Cola recenlty launched a facial matching Facebook application called the Coke Zero Facial Profiler. NEWS ALERT: Completing 50 years in India, Fevicol has released a new commercial titled Moonchwali, positioning it as the Worlds Shortest Feature Film. NEWS ALERT: Nike Inc. raised its quarterly dividend by 8 percent to 27 cents per share from 25 cents per share. NEWS ALERT: Finnish handset manufacturer Nokia announced today that it will lay off 330 workers from its research and development staff, which CNET says is roughly equivalent to 2 percent of its global R&D workforce. NEWS ALERT: Pakistan current account deficit has shrunk by 84 percent to some one billion dollars in the first four months of current fiscal year mainly due to rising home remittances and sharp decline in trade deficit. NEWS ALERT: The University of Peshawar has postponed the convocation 2009 for the regular students of MA/MSc/M.Phil/Phd degree holders for the session 2007 2008. The event scheduled on 30th October 2009.The new schedule would be announced by the administration soon. NEWS ALERT: To mark the 60th anniversary of Peoples Republic of China, the management of Beach Luxury Hotel, Karachi is organising the Flavours of China Food Festival from Thursday October 22 to 07 November 2009. NEWS ALERT: Pakistan current account deficit posted a decline of 89 percent in the first quarter of the current fiscal year, mainly due to higher home remittances and sharp decline in trade deficit. NEWS ALERT: Hamdard Foundation Pakistan is holding a seminar to commemorate the services of late Hakim Mohammad Saeed on his 11th death anniversary, at a local hotel in Karachi on Saturday (October 17) at 3.00pm. NEWS ALERT: Pakistan Telecommunication Authority (PTA) will hold Telecom Consumer Forum on a theme Together for consumer rights, in Islamabad on Thursday at a local hotel. NEWS ALERT: The countrys foreign exchange reserves rose to $14.75 billion in the week that ended on October 3 compared with $14.49 billion the previous week, the State Bank of Pakistan said on Thursday. NEWS ALERT: Although India Pakistan match registered a Television rating point (TRP) of 4.5, overall matches played in Champions Trophy ranged between 1.7-2, as per rating agency TAM. NEWS ALERT: The countrys foreign exchange reserves rose to $14.75 billion in the week that ended on October 3 compared with $14.49 billion the previous week, the State Bank of Pakistan said on Thursday. NEWS ALERT: Pakistan Steel Mills Corporation (PSMC) has posted some Rs 4 billion losses during first quarter of the current fiscal year mainly due to slow production, following shortage of raw material. NEWS ALERT: Asad Ali Shah, President of the Institute of Chartered Accountants of Pakistan (ICAP), has been elected as Chairman of the inter-governmental working group of experts on International Standards on Accounting and Reporting (ISAR) of the United Nations Commission on Trade and Development (Unctad). NEWS ALERT: The furniture and other valuables worth millions of rupees of Royal Bank of Scotland (RBS) branch located in Clifton reduced to ashes due to a huge fire in bank's basement on Wednesday. NEWS ALERT: Pakistan Telecommunication Authority (PTA) has seized two networks of illegal gateway exchanges in Lahore, which were causing huge loss to the national exchequer. NEWS ALERT: The Securities and Exchange Commission of Pakistan (SECP) registered 192 companies during the month of Sep, 2009. The total corporate portfolio as on 30th Sep, 2009 comprises of 53,780 registered companies. NEWS ALERT: PIA on Friday bade farewell to its Director Marketing Salah uddin, who proceeded on Leave Preparatory to Retirement (LPR), before he finally retires in June 2010. NEWS ALERT: The Students Week at the University of Karachi (KU) will be organised from October 12 to 17. NEWS ALERT: Vice Chancellor Punjab University, Dr Mujahid Kamran called on Punjab Chief Minister, Muhammad Shahbaz Sharif at Chief Minister Secretariat on Saturday and apprised him of academic activities in the university. NEWS ALERT: Samsung Electronics is all set to share its technological expertise with the underprivileged children of SOS Children Village and nearby dwellings at Dodhial, Hazara Division. NEWS ALERT: Saleem Moosa Parekh has been elected unopposed as Chairman while Ahsan Arshad Ayub as Senior Vice Chairman and Shahnawaz Ishtiaq as Vice Chairman of Site Association of Industry (SAI) for the term of 2009-10 NEWS ALERT: Sofitel Tower, an international chain of hotels and towers, is expected to commence its operation in Pakistan by 2011. This was stated by Abdul Rehman Naqi, managing partner, Sofitel Tower Karachi NEWS ALERT: The British Petroleum (BP) Pakistan in its development program drive has donated computers, classroom furniture, sports equipments and electric water cooler worth Rs 1.32 million to the Government Boys Higher Secondary School at Village Rajo Nizamani in Tando Muhammad Khan. NEWS ALERT: The regional Income Tax Department organised an awareness seminar at the University of Sindh (SU) here, on Tuesday, to create awareness among the teachers and employees about how to pay income tax electronically using FBR E-Portal. NEWS ALERT: Foreign Direct Investment (FDI), which posted a sharp decline of over 57 percent during the first two months of current fiscal year. NEWS ALERT: The profit after tax of Fauji Cement Company Limited increased to Rs 1,007.623 million in the year ended on June 30, 2009 (FY09) as compared to Rs 413.598 million earned in FY08. NEWS ALERT: The sixth most populous country in the world, Pakistan has a per capita income of about 870 dollar, which is right on average for South Asia. Its geo strategic position is key since it shares borders with China, India, Iran, and Afghanistan, World Bank report. NEWS ALERT: Walt Disney Co. (DIS) Chief Financial Officer Tom Staggs said Tuesday that the national television advertising market of US is improving, and the company is encouraged by ad sales trends at ABC in the third quarter. NEWS ALERT: The actor Alan Davies has offered fans an insight into the cost cutting taking place at the BBC and said he was worried about production standards. NEWS ALERT: Global Chief Marketing Officer of LG Electronics Dermot Boden and CEO ME&A region recently visited Pakistan to review business and marketing strategies of the LG Electronics, said a press release. NEWS ALERT: Anti Counterfeit and Infringement Forum (ACIF), Unilever Pakistan, National Foods and Pakistan Tobacco Company are organising a media workshop on Role of Media in Projecting Legitimate Business Practices and Curbing Piracy on August 21, 2009 at a local hotel in Lahore. NEWS ALERT: The Allied Bank of Pakistan (ABL) has posted a record profit after tax of Rs 3.06 billion for the half year of 2009, and declared a 20 percent interim cash dividend. NEWS ALERT: With an objective to enhance cross cultural understanding between the people of Norway and Pakistan, a delegation of Pakistani artisans departs for participating in the OSLO Mela 2009 here on August 11. NEWS ALERT: The Central Development Working Party (CDWP) approved Rs 4.5 billion for mega projects of the Karachi University, and the first tranche of Rs 700 million from the allocated amount to be released in a few days NEWS ALERT: The profit after tax of Engro Chemical Pakistan Limited had declined to Rs 1.043 billion in the half year period ended June 30, 2009 as compared to Rs 1.556 billion in the corresponding period in 2008. The company's earning per share (basic) had decreased to Rs 3.95 in the period under review against Rs 6.36 in the same period a year back. NEWS ALERT: The ninth ITCN Asia 2009 will be held here at Karachi Expo Centre from August 11 to 13 in Karachi NEWS ALERT: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) had invited applications from the leading exporters of Pakistan for 33rd FPCCI Export Awards which is likely to be held in the month of November 2009. NEWS ALERT: The 5th edition of Expo Pakistan 2009 has been rescheduled for December 3 to 5, 2009. According to TDAP here Thursday, the three-day mega event was earlier scheduled for October 25, 2009. NEWS ALERT: Mobilink camp, established for Internally Displaced Persons (IDPs) with a Rs 81 million fund, at Kund Park near Jehangira Town, has accommodated 1,000 families of IDPs. While talking to media personnel CEO of Mobilink, Rashid Khan, said this. NEWS ALERT: Culligan Water of Pakistan, the premium bottle water supplier has set up two unique water shops in the city. Culligan Pakistan will soon be introducing household and commercial products. (online) NEWS ALERT: The International Society of Air Safety Investigators (ISASI) and Royal Aeronautical Society (Pakistan Division) are co-hosting a seminar on 'Aviation Safety in Pakistan', sponsored by Pakistan International Airline (PIA) today in Multan. NEWS ALERT: At least three airlines from Gulf countries on Thursday suspended their flights to and from Peshawar for a week due to security reasons. The Civil Aviation Authority, however, denied any such security reason for the suspension saying that the airlines might have certain reasons which were undeclared as yet. NEWS ALERT: The Fujitsu Siemens Computers has been renamed Fujitsu Technology Solutions (Holding) B.V., following its integration with Fujitsu Limited. A statement here on Tuesday said the new company, now a 100 percent subsidiary of Fujitsu Limited, was now operating jointly with Fujitsu Services and a unified management under the Fujitsu brand. NEWS ALERT: The national flag carrier Pakistan International Airlines (PIA) will start direct international Hajj flights from Sialkot International Airport in September 2009. NEWS ALERT: The board of directors of Pakistan Telecommunication Company Limited (PTCL), in its meeting on Tuesday recommended an interim cash dividend for the year ending June 30, 2009 at Rs 1.5 per share ie 15 percent. NEWS ALERT: A trade exhibition Canada Pakistan Trade Expo would be held in Toronto, Canada, with the joint collaboration of Trade Development Authority of Pakistan (TDAP), Consulate General of Pakistan Toronto, and event management company M/s Universal Promotions. NEWS ALERT: Pakistan's economy grew by only 2 percent in 2008-09, against the target of 4.5 percent, due to poor performance of almost all sectors, coupled with internal and external pressures of extreme nature. NEWS ALERT: Pepsi Cola International Limited (PCIL) will continue with its $1800 million annual investment in Pakistan as it sees a huge potential for long-term investment. NEWS ALERT: Farrukh Hussain Khan, Chief Executive, BMA Capital Management Limited, has been elected as the President of Overseas Investors Chamber of Commerce and Industry (OICCI) for 2009-2010. This was announced at the Managing Committee meeting held earlier at the Chamber. NEWS ALERT: Despite severe impact of the global economic recession, the Etihad Airways has performed extremely well by hitting target of more than six millions passengers and thus registered 34 percent growth during the year 2008 over the previous year. NEWS ALERT: US bank Citigroup may need to raise up to 10 billion dollars in new capital as the government of President Barack Obama continues talks with banks over the results of its stress tests, the Wall Street Journal reported. NEWS ALERT: Unemployment across the 27 EU member states reached 20 million in March. And unemployment in the countries using the euro is at its highest level since 2005, according to the region's official statistics agency.  

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