FPCCI crest to Falak Naz

Caption Picture:-

Engr. Daroo Khan Achakzai, President FPCCI presenting crest to Mr. Falak Naz, DG Plant & Protection on his visit to Federation House Karachi. Dr. Mirza Ikhtiar Baig, Senior Vice President FPCCI, Mr. Arshad Jamal, Mr. Muslim Mohamedi, Vice Presidents FPCCI, Haji Jamal ud Din Achakzai, Shakeel Ahmed Dhingra, Usman Sheikh and other also seen in the picture.

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Excellent potential of $10 bn annual trade lies between Pakistan & Turkey.: Mian Zahid Hussain

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said that Pakistan and Turkey are brotherly Muslim countries. Relations between the peoples and the governments of the two countries are based on a common cultural and religious heritage.

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GIDC issue be resolved in consultation with FPCCI : Engr. Daroo Khan Achakzai

Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the government to resolve the long outstanding issue of Gas and Infrastructure Development Cess (GIDC) in consultation with the key stakeholders and FPCCI – an apex body of trade & industry – so that the element of uncertainty that has been prevailing in both the investors – local and foreign – is removed and their confidence in the government policies is restored, a pre-requisite for the success of any scheme.

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Pakistan’s liquid foreign reserves position

The total liquid foreign reserves held by the country stood at US$13,489.2 million on 11January2019.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan : US$ 6,901.2 million

  1. Net foreign reserves held by commercial banks : US$ 6,588.0 million
  2. Total liquid foreign reserves             : US$ 13,489.2 million

During the week ending 11 January2019, SBP’s reserves decreased by US$148 million to US$6,901.2 million, due to external debt servicing and other official payments.

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Pakistan’s economic confidence falls despite strong economic sentiment overall in South Asia, says ACCA

The latest edition of Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants) finds Pakistan’s economic confidence fell sharply in the final quarter of 2018. The global poll of 3,800 accountants found Pakistan’s economy to be amongst the lowest in the South Asia region as it continues to struggle with macroeconomic imbalances.

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Tech trends to look out for in 2019

Bjørn Hansen, Vice President at Telenor Research, took a deep dive into the seven tech trends that will shape 2019. These seven trends identify the upcoming global developments in the IT industry and how these will shape the way people interact, consume, connect, and even perceive the world around us this year.

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KATI urged for the continuation of DC Korangi in office

Korangi Association of Trade & Industry urged that Deputy Commissioner District Korangi , Quratulain Memon should continue and her transfer could halt the ongoing efforts to resolve Kornagi Industrial Area’s infrastructural issues. According to a statement released by KAT Acting-President of KATI Faraz-ur-Rehman, Chairman & CEO KITE ZubairChhaya and Vice President Maheen Salman applauded the diligence and focused efforts of the DC to keep order in administrative affairs of the area.

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K-Electric’s facilitation camps in full swing, 9600 meters installed

In continuation of K-Electric’s massive campaign against defaulters and power theft, the power utility has installed over 9600 meters in several parts of Karachi including 30areas.

The power-utility is facilitating residents in applying for new connections and regularising their electricity supply through legal metered connections by fast-tracked processing and simple documentation requirements.

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TPL Properties signs MOU with Equitativa, to form a REIT Management Company in Pakistan

TPL Properties has signed a Memorandum of Understanding (MOU) with Equitativa, the largest Real Estate Investment Trusts (REIT) manager in the GCC and manager of Emirates REIT, to form a REIT Management Company (RMC) in Pakistan. Together, Equitativa and TPL Properties will launch real estate investment trusts for the first time under JV with foreign RMC in Pakistan, which are expected to fuel growth in real estate investment in the country and provide an opportunity for institutional and retail investors to participate in this new asset class.

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Faraz-ur-Rehman assumed charge of KATI’s acting president

The Senior Vice President of Korangi Association of Trade & Industry (KATI) has assumed the office as acting President of KATI. According to a statement released by KATI, while President of KATI Mr. Danish Khan would be out of country from 15th January to 22nd of January, during this period Faraz-ur-Rehman will perform his responsibility as acting president.

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Moody’s determined Pakistan’s external debt repayment as challenging.: Mian Zahid Hussain

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said that Moody’s in its recent report determined Pakistan’s external debt repayment as challenging for the Country given to the current situation including swelling current account and trade deficits.

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