Business News 25-Feb-2011

Business Recorder

1.      SBP extends waiver up to June 30

2.      SBP asks banks to pay outstanding claims to exporters

3.      Pacra upgrades NML entity ratings

4.      Mahana Munafa Account Bank AL Habib offers higher monthly returns

5.      BASF unveils record results

6.      General Motors posts first full-year profit since 2004

7.      National Assembly passes Banking Companies, FBR Amendment bills

The News

1.      Forex reserves rise to record $17.59bn

2.      Oil down in Asia

Daily Times

1.      PTCL records Rs 1.94 billion Q2 profit

2.      Textile exports can touch $15bn mark

Dawn News

1.      OGDC earns Rs32bn, skips dividend