MORE COMMERCIAL BANKS RECORD PROFIT Kathmandu, 14 Aug.: Nepal Investment Bank recorded increased profit in Q4 of last fiscal year ending 15 July compared to the same period the previous year. The bank recorded a net Rs.1318 profit compared to Rs.1176.641 million the previous quarter. Kist Bank recorded a net Rs.100 million profit in Q4 of last fiscal 2068/69 compared to Rs.54.077 million the previous year quarter. Grand Bank Nepal doubled its profit this quarter compared to the previous year. The bank earned a net profit of Rs.180.36 million the last fiscal year ending 15 July. Shareholders will be gives a Rs. seven percent profit per share dividend. nnn ORIENTAL HOTELS LTD ALSO RECORDS PROFIT. Kathmandu, 14 Aug.: Oriental Hotels Ltd. That manages Radisson Hotel recorded a net profit of Rs. 1100.04 million in Q$ ending 15 July 2069. It earned a net profit Rs.813 million in the same quarter the previous year. Nnnn ARSHED SAUD KHOSA ASSUMES OFFICE AS PAKISTA’S AMBASSADOR Kathmandu, 14 Aug.: Arshed Saud Khosa assumed office Monday as Pakistan’s ambassador. He assumed office after presenting his credentials to President Dr. Ram Baran Yadav. Nnnn SAUDI PRINCE RECEIVES BELATED HONOUR Kathmandu, 14 Aug.: Saudi Prince Al-Waleed bin Talal Saturday received Nepal’s highst civilian award Mahaujjwal Rashtradeep medal in Saudi Arabia from Ambassador Uday Raj Pandey Pandey, Nepali embassy said. The award was announced by the government of Prime Minister Madhav Kumar Nepal but conferred by the government of Prime.Minister Baburam Bhattarai. nnnn