Mr. Ghazanfar Bilour, President FPCCI and Syed Mazhar Ali Nasir, Senior Vice President FPCCI Presenting Crest to Mr. Asad Umer, Federal Minister for Finance, Revenue & Economic Affairs, Mr. Iftikhar Ali Malik, Vice President SAARC CCI, Mr. Tariq Haleem, Ms. Saeeda Bano, Ms.

Korangi Association of Trade & Industry expressed concern over interrupted gas and water supply to Industry in a joint statement of the association’s President Danish Khan, Chairman&CEO KITE Zubair Chhaya, Senior Vice President Faraz-ur-Rehman and Vice President Maheen Salman.

Danish Khan said that industry was facing grave issues of higher cost of production and now interruption of gas and water supplies creating more hurdles.

Tez Financial Services, the first fully digital Non-Bank Microfinance Company (NBMFC) focused on serving the unbanked and underbanked in Pakistan, has announced that it has raised USD$1.1 million in a seed round led by Omidyar Network, the impact investment firm established by Pierre Omidyar, the founder of eBay.

Awards were conferred on six top journalists for their outstanding contributions in humanitarian reporting at the 2nd Humanitarian Reporting Awards 2018 jointly organized by the Centre for Excellence in Journalism at the Institute of Business Administration (CEJ-IBA), Karachi and the International Committee of the Red Cross.

Annual election of Pakistan Plastic Manufacturers Association (PPMA) for the year 2018-2019 held in Karachi recently. As a result, Shakil Ahmed elected as new Chairman of the association. Rizwan Aslam and Syed Zahid Ahmed were also elected as Senior Vice Chairman and Vice Chairman respectively.

As the world moves through the 4th Industrial revolution, significant changes are expected throughout the world as with the previous three. The underlining technologies this time around however will be Artificial Intelligence and Blockchain.

NETSOL and Telenor Velocity are realizing the need of the hour, and are giving the young tech minds a platform to shine though the “Innovation HackFest 2018 powered by Telenor Velocity – Telenor Pakistan’s Digital Startup Accelerator, and NSPIRE – NETSOL’s Business & Tech Incubator in Pakistan”.

A delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) headed by Zahid Saeed, Vice President FPCCI signed a Memorandum of Understanding (MoU) in London for increasing Trade and Economic Cooperation with British Chambers of Commerce (BCC) for the mutual benefit of the business communities in both countries.  

A special “One window” operation for new electricity connections will be established at Korangi Association of Trade & Industry (KATI), it was decided during a meeting participated by KATI representatives and K-Electric officials. President of KATI Danish Khan, Chairman& CEO KITE Zubair Chhaya, Senior Vice President Faraz-ur-Rehman and head of KATI’s standing committee on KE represented the association while from K-Electric Director External Affairs Asmer Naeem, Ahsan Anis Regional Head South, Mukhtar Ahmed Rao, GM IBC-KIMZ and others took part in the meeting.

The Chairman of Medical and Social Welfare Committee of Arts Council of Pakistan Dr. S.M. Qaiser Sajjad said that, according to the previous research the main reason of chest diseases are smoking, pollution and many other environmental issues. The free medical camps for these diseases are very necessary as these diseases cost a lot of expanses, therefore the common people cannot afford it.

President Korangi Association of Trade & Industry (KATI) Danish Khan, Chairman & CEO KITE Zubair Chhaya, Senior Vicer President Faraz-Ur-Rehman and Vice President Maheen Salman urged to define a national agenda on economy in a joint statement. President KATI Danish Khan said that according to IMF inflation in Pakistan could hit the highest level of 14 pc till June in next year.

The famous writer Jami Chandiyo said that Rasool Buksh was an honest person, he spent his half-life with Rasool Buksh Palejo. He is also writing the book based on the political life of Rasool Buksh Palejo he added. On this wonderful evening Wasatullah Khan read some important part of Rasool Buksh’s life which highlights his whole career in politics.

Pakistan’s No.1 Data Network Zong 4G is making significant investments in telecommunications infrastructure across Pakistan.  Continuing and increasing  the investments in 4G, Zong aims to build 5,000 base stations in the next three years to ensure that Zong 4G’s subscribers enjoy stronger outdoor and indoor coverage across nation.

The total liquid foreign reserves held by the country stood at US$14,613.9 million on 12October2018.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$ 8,088.9 million

Net foreign reserves held by commercial banks : US$ 6,525.0 million

Total liquid foreign reserves                  : US$ 14,613.9 million

During the week ending 12October2018, SBP’s reserves decreased by US$219 million to US$8,089 million, due to external debt servicing and other official payments.

High Commissioner of Kenya Prof. Julius Kibet Bitok has invited the Karachi Chamber of Commerce & Industry (KCCI) to participate in the forthcoming “Global Sustainable Blue Economy Conference” scheduled to be organized in Nairobi, Kenya from November 26 to November 28, 2018 which will be attended by around 6,000 delegates from different countries around the world.

Development work is currently underway in areas of North Karachi and Surjani Town where two 220 kV towers have been erected for expansion of transmission network in the area. The two pylons will connect the transmission lines to the new 220 KV grid station being developed in Surjani.