UBL Launches NRP Banking for Overseas Pakistanis

Mr. Wajahat Husain, President & CEO, United Bank Ltd along with

Mr. Abrar Mir, Group Executive, Banking Products, UBL, Mr. Aameer Karachiwalla, COO-UBL and Ms. Maliha Anwer Khan, Head Wealth Management & NRP, UBL have launched bank’s new

innovative product – NRP Banking for non-residenace Pakistani in Karachi yesterday.

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Mobilink signs Huawei to install Pakistan’s First 100Gbps Optical Network

Mobilink has awarded a contract to China-based telecoms equipment manufacturer Huawei to upgrade its existing network to 100 Gigabytes per second (Gbps) Optical Transport Network (OTN), a first of its kind in Pakistan. The 100Gbps OTN will be deployed across a long haul fiber network on a nationwide basis which shall facilitate Mobilink in fulfilling the ever growing data and speed requirements of subscribers and guarantee the introduction of differentiated services in a bid to remain Pakistan’s number one Telco.
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Karachi Port saw a record handling of containers during the month ending May 2015,which reflects the favourable policies practiced by port authority under the dynamic leadership of Chairman KPT Vice Admiral (R) Shafqat Jawed. The port has registered handling of 160,649 TEUs (Twenty Equivalent Unit) of cumulative imports and exports containers at its two terminals – the Karachi International Container Terminal (KICT) and Pakistan International Container Terminal (PICT) during the month of May surpasses the previous handling of 156,254 TEUs that it handled in the month of January 2015.

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PTA hails federal budget

Pakistan Tanners Association (PTA) has announced that with the continued
support of Mr. S.M. Muneer, Chief Executive, Trade Development Authority
(TDAP) as well as cooperation and support of all the three leather related
Associations i.e. PLGMEA, PFMA and PGMEA, the Government has granted
exemption of Sales Tax on local supply of raw hides and skins in the Federal
Budget 2015-16, which was announced on 5th June’2015 under Financial Bill

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Operation Burq- showing results

K-Electric released details related to the ongoing Burq campaign which is targeting heavy defaulters and thieves from all pockets of the Karachi city. KE’s team along with the LEA’s has been working round-the-clock to end the menace of electricity theft and has reaped positive results from areas where previously KE’s team could not even enter due to resistance from public and defaulters.

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West Africa an Emerging Market of Islamic Finance: Zubair Mughal


There is an ample scope of Islamic banking and finance in western African region and Senegal can play a vital role in elevating it through the countries. It was spoken by Muhammad Zubair Mughal, Chief Executive Officer AlHuda Centre of Islamic Banking and Economics (CIBE) while attending an international seminar on Takaful that was held at Dakar Senegal.

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