Hi Sehrish,
You are not authorized to work for more than 20hrs per week as per Off-Campus work permit. Check the second half of your work permit which you would have recieved. This can be stretched to 24hrs per week but not beyond that.
There are 2 kinds of work permits - Off-Campus (20hrs limit per week), and Post Graduate Work Permit (More than 24hrs per week). If working for an employer while on off-campus wp, he/she is not eligible for applying under FSW2. ANother point under FSW2 is the NOC or Job Skill category, it has to be either 0, A, or B skill level. C & D are not eligible under FSW2.
On the CIC link which was posted, it is psecifically for differentiting the applications under FSW and CEC categories. Students/International WOrkers can still apply which is the best option for them. For example, a student with 1 yr full time study can not apply under CEC, so the option for him/her is FSW.
For timelines, the 2 members who has been waiting for over a year, are pre-june 2010 applicants. Since, the processing timelines has changed just to process cases faster at VO's, but looking at the current scenario's of applicants waiting for more than 8 months to get MR's, I am sure, it would be about 9 to 12 months before the final decision would bemade on an application.
I hope this helps.
Shiv