The students and faculty of Usman Institute of Technology (UIT), one of the country’s top technology institutions, got together to celebrate the spirit of independence through a wall painting drive in Karachi. Hundreds of UIT students converged on different street spots in Karachi to beautify the city walls and paint messages of love, peace, patriotism, and civic sense in a commendable effort undertaken in collaboration of the District Municipal Corporation (DMC) East.
In pursuance of the announcement by the Government of Sindh, a NED University campus under the name of Thar Institute of Engineering, Sciences and Technology (TIEST) is being setup in Islamkot, Tharparkar, which will start its Bachelors of Computer Science program from this year.
Pakistan’s Auto industry sold 12,593 units in Jul’19, down 41%yoy/28%mom as Jul’19 started with sharp 15-20% price increases (inclusive of the revised FED). We already suspected pre-emptive buying in Jun’19 (when volumes declined by a moderate 5%yoy) which may have contributed to Jul’19 decline.
Patron-in-Chief of Korangi Association of Trade & Industry (KATI) SM Muneer, President Danish Khan, Vice President Faraz-ur-Rehman and Vice President Maheen Salman welcomed the decision of extending tenure of Chief of Army Staff Gen Qamar Javed Bajwa by Prime Minister Imran Khan and extended warmest congratulations to COAS, in a statement released by KATI.
China Power Hub Generation Company (CPHGC) – a joint venture between, The Hub Power Company Ltd. (HUBCO) and China Power International Holding – has successfully declared the Commercial Operations Date (COD) of its 1320MW imported coal power plant and integrated jetty with coal transshipment capacity of 4.2 MTPA.
According to Karachi Port Trust, three ships berthed at port, their details are given below.
- NORTHERN DEXTERITY CONTAINER SHIP
- NAVIOS UNISON CONTAINER SHIP
- M.T.QUETTA TANKER
While, four ships have sailed off from Karachi Port, their details are given below.
- CMA CGM BUTTERFLY
- TOTONNO BOTTIGLIERI
- MOL GATEWAY
- XIN MEI ZHOU
Cargo Handling Turnover
The total cargo handled at Karachi Port during the last 24 hours closed at 115,422 Metric Tons.
The total liquid foreign reserves held by the country stood at US$15,577.5 million on 09August2019. The break-up of the foreign reserves position is as under:-
- Foreign reserves held by the State Bank of Pakistan : US$ 8,264.4 million
- Net foreign reserves held by commercial banks : US$ 7,313.1 million
- Total liquid foreign reserves : US$ 15,577.5 million
During the week ending 09August2019, SBP’s reserves increased by US$535 million to US$8,264.4 million.
PARCO Oil Pipelines starting from Karachi to Macchike near Sheikhupura are National Assets and play pivotal role in national economy. PARCO Management takes extensive measures for Pipelines’ security and strongly pursues Pipelines’ litigation cases related to Oil Pilferage.
On July 17, 2019 Honourable Senior Civil Judge Criminal Division, Rajanpur pronounced conviction of seven (7) years with fine of Rs.
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 Friday lauded Prime Minister Imran Khan’s speech on Kashmir crisis. The PM’s speech was according to the aspirations of people of Pakistan and Kashmir while the COAS statement in which he has reassured to standby Kashmir has boosted the morale of people and put rumours to the rest, he said.
K-Electric is deeply saddened by the unfortunate incidents which occurred during the recent torrential rain and sympathises with the affected families. KE is extending full cooperation in the investigation process with various stakeholders including NEPRA. The power utility reiterates that it remains committed to Karachi and will undertake required remedial measures in light of the investigation results.