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 Stocks & Bonds - Pakistan
Warid Telecom appoints new chief executive
LAHORE (March 11 2010): Warid Telecom (Pvt) Ltd, the country's most trusted and fastest growing cellular operator, announced that its Board of Directors have appointed Muneer Farooqui as company's new Chief Executive Officer (CEO). Prior to the appointment he served as Chief Executive Officer of Warid Bangladesh.

He has with him almost 20 years of experience mainly in Telecom Industry of Pakistan and abroad. Commenting on the appointment of the new Chief Executive, Bashir A Tahir, CEO Warid International said "We are pleased to appoint Muneer Farooqui as Warid Telecom's new Chief Executive Officer. He is a talented and seasoned professional and his unparalleled leadership expertise and extensive experience will enable Warid Pakistan to reach new heights. We have some great expansion plans and, on behalf of the Board, I warmly welcome him and wish him great success."

"I am truly delighted to have the opportunity to contribute towards Warid Pakistan's progress. In less than 5 years, Warid family has grown over 18 million customers with a substantial market share of almost 20 percent. Certainly it is tremendous progress and I seriously think that Pakistan's cellular market has a lot of potential.

I believe quality of service and customer care are the two important areas where we can get competitive edge. I am confident and determined that Warid Pakistan is fully positioned to set excellence benchmarks for the market." said Muneer Farooqui, CEO Warid Pakistan. Farooqui started his professional journey in the telecommunication arena in 1993 and served in various capacities till 2004.-PR

Copyright Business Recorder, 2010



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The Rupee
Interbank closing rates for dollar on Wednesday.
BuyingRs 85.70
SellingRs 85.75
Dollar down sharply
7481.03  73.24
Sectoral Indices 
Market at Close
BRIndex-30 7,583.12
KSE-30 Index 9,713.73
KSE-100 Index 9,891.13
LSE-25 Index 3,123.79
ISE-10 Index 2,560.44
Gold Per 10gm 34,157.00
KCA Spot Rate 6,400.00
Libor Rate 0.49669
World Indices
Index Closing Chg%
DJIA 10,387.01 0.45
Nasdaq 2,228.87 0.90
S&P 1,098.87 0.64
FTSE 5,429.74 0.40
DAX 6,164.44 0.76
CAC-40 3,677.21 0.92
Nikkei 9,024.60 2.20
H.Seng 21,088.90 1.50
Sensex 18,666.71 0.12
NY Closing
Euro 1.2725
Sterling 1.5472
Swiss Franc 1.0114
Yen 83.9090
Gold 1257.40
Cotton 90.560
Oil 75.01
Economic Indicators
Annual2009/10
Foreign Debt $53.01bn
Per Cap Income $1046
GDP Growth 4.1%
Average CPI 11.73%
MonthlyJuly
Trade Balance $-1.45 bln
Exports $1.78 bln
Imports $3.24 bln
WeeklySeptember 02, 2010
Reserves $16.12 bln
 









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