The
global economic slump, US in particular and the developed world in
general, has taken a heavy toll on software exports from Pakistan. In
the absence of a domestic market the software houses have resorted to
lay-offs of the core professionals to lessen the impact of the
economic crunch they are facing. PAGE highlights the challenges
and how they could be best minimize.
NBP SHARES
Supported by the strong
financial base the bank enjoys, NBP's packet of 5 per cent shares
(18.652 million shares) is expected to make a positive impact on the
capital formation. The NBP offer has succeeded in attracting the
investors, it is expected to open doors for more public offerings of
the public sector entities through stock market in Pakistan.
TFCs BY ENGRO
CHEMICAL
Over
the years Engro has relied on borrowing to finance capital
expenditure. To ensure more borrowing, paid-up capital has been
increased through successive bonus issues. This time the management
has chosen to finance capital expenditure through TFCs, the first
tranche being for Rs 500 million.
"Pakistan's
first BBA-MBA IT graduates from IBA-Karachi", the caption given on
the title but due to some unavoidable circumstances the same story could not be
published in our issue. We regret for the inconvenience to our readers.
