The PAS Awards, organized by the Pakistan Advertisers Society, and one of the most recognized and credible advertising events in Pakistan, awarded jubilant winners at a star-studded gala awards function held at the Expo Center in Karachi on April 25, 2015.… Read the rest
BMA Capital Management Limited, Pakistan’s premier financial services group, has promoted Mr. Mirza Kamran Baig, as Senior Vice President and Head of company’s Treasury Operations business. As Head of Treasury he will have oversight of both Fixed Income and Foreign Exchange Sales businesses of BMA Capital.… Read the rest
Etihad Airways, the national airline of the United Arab Emirates, has appointed Abdulmohsen Al Sayegh senior members of its finance team as Air Seychelles’ Chief Financial Officer. He holds a Bachelor’s Degree in Business Administration and Financial Services from the UAE’s Higher Colleges of Technology (HCT) and has extensive experience working for Etihad Airways in the UAE and across the world.… Read the rest
Karachi – 8th May, 2015: Mobilink has expanded its 3G network to 43 cities of Pakistan by adding seven new cities to the existing 36 that already were experiencing the telco’s superior internet connectivity. This is Mobilink’s fourth stage of commercial 3G rollout and covers the following cities: Bhalwal, Chakwal, Daska, Dipalpur, Mandi, Bahauddin, Pattoki, and Wazirabad.… Read the rest
According to press release issued by State Bank of Pakistan, Federal Government has approved amalgamation of KASB Bank Limited with BankIslami Pakistan Limited. Hence the moratorium placed on former KASB Bank Limited has been lifted while depositors of the former KASB Bank Limited can now freely operate their accounts maintained at the respective branches with BankIslami Pakistan Limited.… Read the rest
Telenor Pakistan has appointmented of Mr. Irfan Wahab Khan as Deputy CEO of the company in addition to his current responsibilities as Chief Marketing Officer.
Irfan has been with Telenor for 11 years, starting as Executive Vice President and Head of Corporate Affairs Division at Telenor Pakistan in 2004.… Read the rest
Pakistan’s Prime Minister Mian Muhammad Nawaz Sharif has inaugurated the first unit of the Quaid-i-Azam Solar Power Park (QASP) Bahawalpur on May 6, 2015.
The 500-acre solar power park for the plant has been set up by the Punjab government with Chinese assistance in 11 months at a cost of Rs 15 billion.… Read the rest
11th Health Asia 2015 Int’l Exhibition & Conferences incorporating Pharma Asia Int’l Exhibition will be held from 8th to 10th September 2015 at Karachi Expo Centre. The Event is organized by Ecommerce Gateway Pakistan (Pvt) Ltd. with the support of Pakistan Society of Anesthesiologists, Friends of Cardiac Surgery, Ministry of Health Government of Sindh; Trade Development Authority of Pakistan, Pharma Bureau of Information and Statistics, Pakistan Pharmaceutical Manufacturers Association (PPMA).… Read the rest
The total liquid foreign reserves held by the country stood at US$17,717.6 million on 24April2015, says a press release issued by central bank of Pakistan.
The break-up of the foreign reserves position is as under:-
- Foreign reserves held by the State Bank of Pakistan: US$ 12,565.1 million
- Net foreign reserves held by banks : US$ 5,152.5 million
- Total liquid foreign reserves : US$ 17,717.6 million
During the week ending 24April2015, SBP’s Liquid FX Reserves increased by US$201 million to US$12,565 million, compared to US$12,364 million in the previous week.… Read the rest