- published: 07 Aug 2013
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Coordinates: 40°53′55″N 73°56′21″W / 40.89861°N 73.93917°W / 40.89861; -73.93917
CNBC (officially the Consumer News and Business Channel until 1991) is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers around the world. In 2007, the network was ranked as the 19th most valuable cable channel in the U.S., worth roughly $4 billion. It is headquartered in Englewood Cliffs, New Jersey.
The CNBC channel had its beginnings around 1980 as the Satellite Program Network (SPN), showing a low-budget mix of old movies, instructional and entertainment programs. The channel later changed its name to Tempo Television. After initially signing a letter of intent to acquire Tempo,NBC eventually opted for a deal to lease the channel's transponder in June 1988. On this platform, and under the guidance of Tom Rogers, the channel was relaunched on April 17, 1989 as the Consumer News and Business Channel. NBC and Cablevision initially operated CNBC as a 50-50 joint venture, choosing to headquarter the channel in Fort Lee, New Jersey.
Pakistan (i/ˈpækɨstæn/ or i/pɑːkiˈstɑːn/; Urdu: پاکستان) (Urdu pronunciation: [paːkɪˈst̪aːn] ( listen)), officially the Islamic Republic of Pakistan (Urdu: اسلامی جمہوریۂ پاکستان), is a sovereign country in South Asia. It sits at the crossroads of the strategically important regions of South Asia, Central Asia and the Middle East. It has a 1,046-kilometre (650 mi) coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by India to the east, Afghanistan to the west and north, Iran to the southwest and China in the far northeast. It is separated from Tajikistan by Afghanistan's narrow Wakhan Corridor in the north, and it shares a marine border with Oman.
The territory of modern Pakistan was the site of several ancient cultures, including the Neolithic Mehrgarh and the Bronze Age Indus Valley Civilisation, and has undergone invasions or settlements by Hindu, Persian, Indo-Greek, Islamic, Turco-Mongol, Afghan and Sikh cultures. Thus the area has been ruled by numerous empires and dynasties, including the Indian Mauryan Empire, the Persian Achaemenid Empire, the Arab Umayyad Caliphate, the Mongol Empire, the Mughal Empire, the Durrani Empire, the Sikh Empire and the British Empire. As a result of the Pakistan Movement led by Muhammad Ali Jinnah and India's struggle for independence, Pakistan was created in 1947 as an independent nation for Muslims from the regions in the east and west of India where there was a Muslim majority. Initially a dominion, Pakistan adopted a new constitution in 1956, becoming an Islamic republic. A civil war in 1971 resulted in the secession of East Pakistan as the new country of Bangladesh.