Education and Labour Minister of Sind Saeed Ghani has assured industrialists that provincial government will review all the labour laws and would bring social security institution under a single law. He was addressing to annual dinner of Korangi Association of Trade & Industry (KATI).

While addressing the 28th Executive Committee and 28th General Assembly Meetings of ECO Chamber of Commerce and Industry held virtually by Zoom link Mian Anjum Nisar, President FPCCI emphasized on the need of early implementation of ECOTA for the promotion of intra regional trade and investment among the ECO member countries.

Pakistan’s leading smartphone brand Infinix has partnered with Bank Alfalah to bring exclusive offers of installments and discount offers. Bank Alfalah has a mobile week campaign going on till 31st October during which latest devices by Infinix like Zero 8 and Zero 8i are available on exclusive discounts and instalment plans.

The Karachi Port Trust handled 114,508 tons of cargo comprising 58,597 tones of import cargo and 55,911 tons of export cargo during last 24 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 58,597 tons comprised of 35,365 tons of Containerized Cargo, 14,340 tons of Wheat, 6,550 tons of DAP, 1,814 tons of Sugar and 528 tons of Oil/ Liquid cargo.

Emphasizing on the need to address the knowledge gaps, speakers said that modern technology should be adopted to collect fisheries data in Pakistani waters. They said that endangered marine animals should be protected by reducing by-catch, promoting target fisheries and tackling post-harvest losses.

The total liquid foreign reserves held by the country stood at US$ 19,301.6 million on 16-October-2020.The break-up of the foreign reserves position is as under:-

• Foreign reserves held by the State Bank of Pakistan: US$ 12,066.6 million
• Net foreign reserves held by commercial banks : US$ 7,235.0 million
• Total liquid foreign reserves             : US$ 19,301.6 million

During the week ended 16-October-2020, SBP reserves increased by US$ 268 million to US$ 12,066.6 million, due to GOP official inflows.

Market opened on a positive note today +50pts, and following the momentum since the beginning of the week the index added a total of 282pts during the session. Profit booking brought the index down by 448pts and closed the session -337pts.

The Board of Directors of Meezan Bank Limited in its meeting, held on October 20, 2020 approved the financial statements of the Bank for the nine months period ended September 30, 2020. The meeting was presided by Mr. Riyadh S.A. A.

Former President ICCI Shahid Rasheed Butt on Thursday lauded the decision of Prime Minister Imran Khan to boost trade and ties with African nations by opening new diplomatic missions in twenty countries.

The business community fully back the government’s decision, as it will boost exports while these countries can start investing in Pakistan, he said.

ICI Pakistan Limited (ICI) announced its 1QFY21 financial result today where the company posted a profit after tax (PAT) of PKR 985mn (EPS: PKR 10.66), up by 18% YoY compared to PKR 836mn (EPS: PKR 9.05) during SPLY. On a QoQ basis, earnings increased by 6.8x. 

Procter & Gamble (P&G) Pakistan has contributed over 350,000 products in the form of Personal Protective Equipment (PPE) and N-95 masks along with P&G health and hygiene products, including Safeguard, Ariel, Head&Shoulders, Pampers and Always, to meet the increased demands needed to safely combat the COVID-19 pandemic.

The Research and Insights group at Google’s Next Billion Users initiative has released a white paper on the challenges new internet users experience when learning to go online for the first time and encourages technology creators to actively discuss how it can build digital services that can add to the current learning system for these new users.

President Karachi Chamber of Commerce & Industry M. Shariq Vohra presenting crest to President JCI Alumni Club Hyderabad Dr. Naeem Memon, who led JCI Alumni Club’s delegation during its visit to KCCI. Senior Vice President KCCI M. Saqib Goodluck, Vice President KCCI Shamsul Islam Khan, Secretary General JCI Alumni Club Rizwan Ahmed and others are also seen in the picture.

Teach For Pakistan and The Beaconhouse Group signed a Memorandum of Understanding, formalizing a 2-year partnership between the two organizations. The agreement was signed by Teach For Pakistan CEO, Ms Khadija Shahper Bakhtiar and Mr Nassir Kasuri, the Executive Director North of The Beaconhouse Schools System.

Mian Anjum Nisar, President Federation of Pakistan Chambers of Commerce and Industry said that Pakistan’s narrative should be supported by all segments to build image of Pakistan as moderate and investment friendly destination.

During the meeting with Dr. Moeed Yusuf Special Assistant to the Prime Minister on National Security and focal person for Economic Outreach program President FPCCI discussed various avenues of economic prosperity and also highlighted some issues confronted by trade and industry of Pakistan.