Zong 4G’s recycling initiatives help the underprivileged

Zong 4G’s New Hope volunteers conducted an activity based on electronic waste management by sharing their knowledge on recycling and utilizing their skills to contribute to the environmental sustainability along with the students of an underprivileged school.

In 2017, Zong 4G had setup a 4G internet lab for these children at their school, connecting them to the virtual world for the first time.

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SBP will continue to closely monitor the foreign exchange markets

According to State bank of Pakistan, today, the PKR-US$ exchange rate in the interbank market closed at PKR 115 per US$ and witnessed an intraday high and low of PKR 116.25 per US$ and PKR 110.60 per US$, respectively.

Exports and workers’ remittances have posted promising growth rates of 12.2 percent and 3.4 percent respectively during July-February FY18 after showing a decline in the same period last year.

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Salman Aslam becomes chairman of Pakistan Indonesia Business Council of FPCCI

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has appointed Muhammad Salman Aslam as chairman of Pakistan Indonesia Business Council for year 2018. According to a notification released by FPCCI it was hoped that newly appointed chairman of the council will play effective and active role to promote and strengthen bilateral trade and business relation between Pakistan and Indonesia.

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Bank Alfalah team visits Korangi Association of Trade and Industry

Members of the Bank Alfalah senior management team, including three Group Heads, Mehreen Ahmed (Group Head Retail Banking), Mr Bilal Asghar (Group Head Corporate, Investment Banking & International Business), Syed Ali Sultan (Group Head Treasury, Capital Markets & Financial Institutions), along with other bank employees, visited the Korangi Association of Trade and Industry (KATI) to interact with members of the association, industrialists and businessmen.

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SBP and Karandaaz join hands for Regulatory Framework on Digital Banks

State Bank of Pakistan and Karandaaz signed an agreement in Islamabad under which Karandaaz will support State Bank’s efforts to create an enabling environment based on international best practices for digital banks. Karandaaz will provide technical assistance to the State Bank of Pakistan for formulating legal and regulatory framework including licensing criteria for digital banks in Pakistan.

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FPCCI urges the FBR to stop issuance of audit notices, raids and visit of tax official to Commercial Importers

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the Federal Board of Revenue (FBR) to restore the audit immunity to Commercial Importers who pay advance Sales Tax @ 3% under Special Procedure for Payment of Sales Tax by Commercial Importers Rules, 2006 and income tax @ 6% under Section 148 of Income Tax Ordinance 2001 at Customs stage as full in final discharge of their tax liability.

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