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Facebook buying virtual reality firm Oculus for $2bn

Source: Geo News | 26-03-2014

Facebook said Tuesday it was buying Oculus, a specialist in virtual reality technology, for about $2 billion in cash and shares.

Facebook said it would build on Oculus´ technology, including a virtual reality headset aimed at gamers, seeking to use it in other areas such as communications, education, and entertainment.

SBP unveils 10-point strategy for financial system growth

Source: The Nation | 08-01-2013

The State Bank of Pakistan (SBP) Governor Yaseen Anwar has outlined the Central Bank’s 10-point banking strategy for the growth of the financial system in the country. Speaking on the ‘Role of Financial Institutions and Capital Markets in Pakistan’s Economy’ at PAF Air War College, Karachi on Monday, he said this strateg..... Read more

Pak Suzuki reports 23% higher profits for 2012

Source: Tribune | 22-03-2013

The Pak Suzuki Motor Company (PSMC) – the biggest auto company of the country by market share – has reported profit after tax of Rs980 million for the calendar year 2012 (CY12), up 23% if compared to Rs796 million reported for the preceding year. The earnings per share of the company increased to Rs11.88 in CY12, compared to Rs9.65 in CY11...... Read more

Report on power sector flawed: Wapda officials

Source: The Nation | 19-03-2013

Top officials of WAPDA have rejected the Planning Commission’s pessimistic report on power sector and declared the report flawed as it does not cover many very important aspects of power industry and also said that there might be vested interests of some people behind spreading such baseless projection. An official even said that he could never expe..... Read more

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