Uber offers exciting cricket opportunity for fans

Following Uber’s deal with the International Cricket Council (ICC) to sponsor the upcoming Cricket World Cup (CWC), Uber, the world’s largest personal mobility company, is providing Pakistani fans an opportunity to win big. Through its ride-to-win and drive-to-win competitions, Uber is providing its riders and driver partners the chance to make the most of the World Cup by earning rewards through the Uber app.

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Pakistan bound online remittances likely to increase by the end of Ramadan

Data from leading online money transfer service WorldRemit shows that the week before Eid-al-fitr was the company’s busiest period for transfers to Pakistan in 2018. The State Bank of Pakistan recently revealed that Overseas Pakistanis sent home nearly $17.9 billion in remittances during the first 10 months of FY19 (July to April), a growth of nearly 8.5% compared to the same time last year.

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Another gas price hike may damage economy

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 proposed gas price hike will damage masses and economic activities.

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Mahvash and Jahangir Siddiqui Foundation support first national Pavilion at Venice Biennale

The Mahvash and Jahangir Siddiqui Foundation was a primary supporter of the Pakistan’s first official Pavilion at the La Biennale di Venezia (Venice Biennale), 2019. The world’s oldest and most prestigious international art exhibition, the biennale is a six month long contemporary visual art exhibition and host a large number of prominent individuals from all walks of life.

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PTCL bridging the gap by connecting Pakistan

Pakistan Telecommunication Company Limited celebrates the 50th anniversary of World Telecommunication and Information Society Day, which has been celebrated annually since 1969. The theme for this year is ‘Bridging the Standardization Gap’. PTCL has gone through massive transformation since its inception and is now focused to provide a digital lifestyle, along with innovative telecom services to customers as well as the businesses in Pakistan.

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ACCA, Atlas Copco to promote sustainable business practices, develop talent for digital future

ACCA and Atlas Copco Pakistan have agreed to work together for the promotion of sustainable business practices in Pakistan. Both the organisations will be collaborating to develop future-ready talent to meet the requirements of a digital age.

The focus of their partnership will be to train a new generation of professional accountants who possess a right blend of digital, technical, ethical, strategic and professional skills to meet the future needs and demands of the increasingly digitised profession.

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Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$15,894.4 million on 10 May2019.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan : US$ 8,845.6 million

Net foreign reserves held by commercial banks : US$ 7,048.8 million

Total liquid foreign reserves                  : US$ 15,894.4 million

During the week ending 10May2019, SBP’s reserves decreased by US$138 million to US$8,845.6 million, due to external debt servicing and other official payments.

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PSAA urges government to curb under /over invoicing, mis-declaration and smuggling in country

Pakistan Ship’s Agents Association (PSAA) has urged government to curb menace of under /over invoicing, mis-declaration and smuggling, which is badly impacting country’s economy. As everybody in the country knows that this menace is causing massive losses to the exchequer of Pakistan and also resulting in bad name for our beloved country Pakistan.

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