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!title17.jpg (41534 bytes)IBA, Pakistan's prestigious business school is going to have a fresh look shortly. The faculty is being strengthened with more doctors to be hired from within and outside the country. Existing auditorium and libraries, which are presenting a shabby look, have to be entirely refurbished. IBA to have a world-class auditorium, a prestigious library and a suitable canteen for the students. Banking sector has expressed its willingness to sponsor refurbishing scheme of auditorium and the canteen. IBA graduates working abroad collecting books for the library. Construction of girls' hostel is also the part of the development plan.

At present electricity consumers in KESC's franchised area are facing long hours of load shedding mainly due to huge gap in demand and in-house power generation. Since KESC is not in a position to increase power generation capacity and to revamp highly depleted T&D network, PAGE analyses various options including its sale to Chinese investors who have expressed interest in buying out KESC.

Gadani, once the biggest ship-breaking yard of the world, wears a deserted look today. There are no ships to be scrapped at present and the total quantity of scrap has come down to a low 160,000 tonnes in last ten months compared to a million plus tonnes in the better days. The situation is blamed on substantial increase in the international prices of ship scrap as well as the high duty imposed on its import into the country.