09-05-2004, 05:53 PM
New Pak television channel next year
By Haseeb Haider
4 September 2004
ABU DHABI - Pakistanâs first internationally-branded business, financial, economic news and information television channel - CNBC Pakistan would be launched in the first quarter of 2005, announced Shaikh Nahyan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, who is Chairman of CNBC Pakistan, at a Press conference held in the capital, yesterday.
âBroadcasting from state-of-the-art studios and production facilities in Karachi, Islamabad and Lahore,â he said that the CNBC Pakistan will transmit live programming in both Urdu and in English from Pakistanâs perspective 24-hours a day, seven days a week.
âWe would set new standards of accurate and credible TV journalism,â said Shaikh Nahyan, adding that professionals along with the new talent would be hired to operate the new television station to provide quality programmes.
Speaking on the occasion, Zafar Siddiqui, President, CNBC Pakistan, said that the channel would be a notable addition to the Pakistani media landscape as the country has recently liberalised its media policy allowing private sector to establish television channels ending monopoly of state-run television. He said the channel would utilise the global resources of the CNBC network to deliver a continuous flow of relevant, engaging news and information from all of the Pakistani markets and from business centres around the world.
âCNBC will broadcast as per the highest international newsgathering and reporting standards and we have also made a large investment in the human resources to bring the best and most talented Pakistanis to the channel,â he said.
CNBC Pakistan, Mr Siddiqui said, is owned by VNTV, a Pakistani company which would have access to the CNBC global network which reaches 200 million households around the world and the world class resources of Dow Jones & Company. CNBC affiliates are noted for their on-screen trademark business assets including the streaming stock ticker, information stack, and the market and data specific Hotboards, he said.
He said with a paid-up capital of $14 million, VNTV is a public limited company which will offer its shares to general public for subscription by the end of year 2005. He said a total of four slots, two each at Pas-2 and Pak-Sat have been booked to air the transmission for the viewers across the globe.
He said the CNBC is a division of the recently-formed media conglomerate NBC-Universal that is comprised of CNBC, the leading global business news network; NBC, the number one television broadcast network in the US; Universal Studios, the worldâs premiere motion picture studio, as well as library of 4,000 film titles and 40,000 television episodes, extensive movie and television franchises around the world and powerfully-branded theme parks, resorts and consumer products.
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By Haseeb Haider
4 September 2004
ABU DHABI - Pakistanâs first internationally-branded business, financial, economic news and information television channel - CNBC Pakistan would be launched in the first quarter of 2005, announced Shaikh Nahyan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, who is Chairman of CNBC Pakistan, at a Press conference held in the capital, yesterday.
âBroadcasting from state-of-the-art studios and production facilities in Karachi, Islamabad and Lahore,â he said that the CNBC Pakistan will transmit live programming in both Urdu and in English from Pakistanâs perspective 24-hours a day, seven days a week.
âWe would set new standards of accurate and credible TV journalism,â said Shaikh Nahyan, adding that professionals along with the new talent would be hired to operate the new television station to provide quality programmes.
Speaking on the occasion, Zafar Siddiqui, President, CNBC Pakistan, said that the channel would be a notable addition to the Pakistani media landscape as the country has recently liberalised its media policy allowing private sector to establish television channels ending monopoly of state-run television. He said the channel would utilise the global resources of the CNBC network to deliver a continuous flow of relevant, engaging news and information from all of the Pakistani markets and from business centres around the world.
âCNBC will broadcast as per the highest international newsgathering and reporting standards and we have also made a large investment in the human resources to bring the best and most talented Pakistanis to the channel,â he said.
CNBC Pakistan, Mr Siddiqui said, is owned by VNTV, a Pakistani company which would have access to the CNBC global network which reaches 200 million households around the world and the world class resources of Dow Jones & Company. CNBC affiliates are noted for their on-screen trademark business assets including the streaming stock ticker, information stack, and the market and data specific Hotboards, he said.
He said with a paid-up capital of $14 million, VNTV is a public limited company which will offer its shares to general public for subscription by the end of year 2005. He said a total of four slots, two each at Pas-2 and Pak-Sat have been booked to air the transmission for the viewers across the globe.
He said the CNBC is a division of the recently-formed media conglomerate NBC-Universal that is comprised of CNBC, the leading global business news network; NBC, the number one television broadcast network in the US; Universal Studios, the worldâs premiere motion picture studio, as well as library of 4,000 film titles and 40,000 television episodes, extensive movie and television franchises around the world and powerfully-branded theme parks, resorts and consumer products.
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