Karachi ranked 7th in terms of FDI Strategy: KCCI

Chairman Businessmen Group and Former President Karachi Chamber Siraj Kassam Teli and President KCCI Muffasar Atta Malik have said that due to painstaking efforts and strong determination by KCCI, Karachi city has been ranked on 7th position in terms of FDI Strategy in the list of Top 10 Asia-Pacific cities of the future 2017-18 which was released recently by fDi Intelligence, the largest FDI Centre of excellence globally.

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Pakistan’s Liquid Foreign Reserves Position

According to State Bank of Pakistan press release, the total liquid foreign reserves held by the country stood at US$19,763.2 million on 29 September 2017.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$ 13,857.0 million

Net foreign reserves held by commercial banks : US$ 5,906.2 million

Total liquid foreign reserves             : US$ 19,763.2 million

During the week ending 29September2017, SBP’s reserves decreased by US$276 million to US$13,857 million, due to external debt servicing and other official payments.

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TPL Life and U Microfinance Bank form a strategic alliance to serve the underserved

TPL Life and U Microfinance Bank Ltd. (U Bank) have signed an agreement whereby TPL Life’s innovative life insurance and health insurance products will be available through U Bank branches. Speaking at the occasion, Mr. Faisal Abbasi – CEO, TPL Life said “Developing products for the financially excluded members of our society has been the driving force behind our existence.

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PSO signs agreement with OGDC to get HSD

Oil & Gas Development Company Limited (OGDCL) being the largest Exploration & Production Company of Pakistan in public sector has inked an agreement with Pakistan State Oil (PSO) for Supply of 25 to 30 million liters annually High Speed Diesel (HSD) to meet its operational requirements at Fields, Plants and Drilling Rigs.

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Zong 4G tops PTA’s customer resolution indicator

Zong 4G Pakistan’s No .1 4G Network, has achieved yet another milestone in the telecom industry according to the latest PTA figures. Staying true to its focus on customer centricity, Zong 4G is leading the telecom industry with a 99.3% success rate in customer resolutions for the month of August 2017.

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