PTCL celebrates Independence Day across Pakistan

Pakistan Telecommunication Company Limited (PTCL) celebrated Pakistan’s Independence Day on August 14, 2019 across Pakistan, with various activities and ceremonies, where PTCL employees exhibited their love and solidarity for Pakistan.

To celebrate the Independence Day, a special flag hoisting ceremony took place at 8:55 am which was followed by prayers for the prosperity of the country.

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Berger Paints attains ACCA Pakistan’s approved employer status

Berger Paints has become the most recent addition to the ACCA (Association of Chartered Certified Accountants) Approved Employer Programme. With this partnership both the organisations will work together for promoting business ethics, professionalism and developing talent for the future. This milestone also reflects company’s commitment to tax compliance and transparency, as well as improvements in its governance and vision.

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IMC donates Rs 7.5m to SIUT

Toyota Indus Motor has released a Corporate Philanthropy of 75 lakh rupees to the Sindh Institute of Urology and Transplantation (SIUT) to help them become more effective because they have unique assets and capability in providing quality treatment and transplantation to people suffering from renal diseases.

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Update of Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$15,020.2 million on 02August2019.The break-up of the foreign reserves position is as under:-

  1. Foreign reserves held by the State Bank of Pakistan : US$ 7,729.1 million
  2. Net foreign reserves held by commercial banks : US$ 7,291.1 million
  3. Total liquid foreign reserves              : US$ 15,020.2 million

During the week ending 02August2019, SBP’s reserves decreased by US$38 million to US$7,729.1 million, due to external debt servicing and other official payments.

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