Expenditure on Karachi Operation solely borne by Sindh Govt: Sohail Siyal

Sindh Minister for Home, Mines & Minerals, Agriculture, Prices & Supply, Sohail Anwer Siyal has said that the Federal Government, while initiating Karachi Operation in 2013, committed to bear 50 percent of the expenditure on this crucial operation but unfortunately, not a single penny was provided and the entire expenditure was solely borne by Sindh government from its own financial resources.

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Marriyum rebuts media reports about rejection of PPP proposals on Delimitation Bill by the government

Minister of State for Information, Broadcasting, National History and Literary Heritage Ms Marriyum Aurangzeb strongly rebutted media reports that Prime Minister Shahid Khaqan Abbassi had rejected 11 proposals presented by the PPP as a condition for supporting the government Bill on Delimitations of constituencies resulting in a deadlock on the issue.

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UK’s EXIT FROM EU: Pakistan’s GSP Plus arrangements to be maintained by UK: Elin Burns

British Deputy High Commissioner, Ms. Elin Burns, while highlighting British government’s commitment, said that when UK leaves European Union (EU), Pakistan’s GSP Plus arrangements will be maintained by UK, if not improved. “We will unilaterally agree to put those GSP Plus arrangements in place which is going to be a very positive step in terms of strengthening UK-Pakistan trade ties and it shows UK’s strong commitment and desire to expand trade with Pakistan”, she added during her visit to Karachi Chamber on Tuesday while referring to UK’s Senior Trade Minister’s recent visit to Pakistan who also announced UK’s commitment to replicate GSP Plus System arrangements with Pakistan.

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UBL Virtual Prepaid Card launched

UBL has launched its ‘Virtual Prepaid Card’ to keep up with the ever increasing demand for E-Commerce transactions and the need for a safer and more secure payment option. UBL’s Virtual Prepaid Card is the most versatile prepaid solution in the market, catering to the growing population of the digitally savvy generation.

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The banking sector has remained sound and stable in Q3CY17, says the 3rd QPR of the Banking Sector

The Quarterly Performance Review (QPR) of the Banking Sector for the quarter ended 30th September, 2017, has been released by SBP today. As highlighted in the report, less than normal seasonal fall in advances along with improved liquidity and strong solvency – well above the minimum benchmark – are the key highlights of the 3rd quarter of CY17.

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Overseas Pakistanis remit US $8 billion in the first five months of FY18

Overseas Pakistani workers remitted US $8021.18 million in the first five months (July to November) of FY18, compared with US $7919.74 million received during the same period in the preceding year.

During November 2017, the inflow of worker’s remittances amounted to US $1576.72 million, which is 4.7% lower than October 2017 and 2.6% lower than November 2016.

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UMA – 16th CEO Summit Asia & Leadership Award Ceremony 2017 held

Governor Sindh Honorable Mohammad Zubair said the world is witnessing Pakistan as important player in the region with the Chinese mega investment plans which will integrate country closer to Central Asian countries with a strategic role. He was speaking as a chief guest at “United Marine Agency (UMA) – 16th CEO Summit Asia & Leadership Award Ceremony 2017” & “Book Launch 100 Performing CEOs, Leaders & Companies of Pakistan 2017” organized by CEO Club Pakistan & CEO Today Magazine held on Monday at a local hotel.

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