According to State Bank of Pakistan, given the number of MPC meetings that have taken place in recent months, and actions taken in those meetings, the MPC does not consider it necessary to hold the regular meeting of July 2020. The next regular meeting of the MPC will now be held in September 2020.
U.S. Embassy Islamabad is pleased to announce that Mireille Zieseniss will serve as the Embassy Spokesperson effective July 22, 2020. In that role, she will also facilitate media interviews, press briefings, and other activities with the Ambassador, Embassy officers, and visiting U.S.
Pakistan’s leading Fiber to the Home (FTTH) broadband service provider, StormFiber, has joined hands with the Karachi United football club to induct their coaches and players to assist StormFiber in increasing its capacity to supporting existing connections and deploying new ones during the pandemic.
Pakistan’s leading Fiber to the Home (FTTH) broadband service provider, StormFiber, has joined hands with the Karachi United football club to induct their coaches and players to assist StormFiber in increasing its capacity to supporting existing connections and deploying new ones during the pandemic.
Pakistan’s leading Fiber to the Home (FTTH) broadband service provider, StormFiber, has joined hands with the Karachi United football club to induct their coaches and players to assist StormFiber in increasing its capacity to supporting existing connections and deploying new ones during the pandemic.
We expect combined earnings of IMS Fertilizer cluster to increase by 11% qoq to PKR9.2bn in 2QCY20. The increase in profitability is mainly led by (i) higher Urea offtake, amid pre buying before monsoon season and clarity regarding Urea subsidy and (ii) lower finance cost due to decline in interest rates.
BMA Capital Management hosted a webinar on the Textile Sector today where Mr. Maqsood Muhammad (Group CFO of Interloop Limited) was invited to discuss the changing dynamics of the textile sector in the backdrop of COVID-19.
Following are the key takeaways of the event:
With an organizational network across seven countries, Interloop is one of the world’s largest hosiery manufactures and Pakistan’s 6th largest exporting firm.
A man received multiple electrical shock and burn injuries when he broke into an electricity substation in Gadap and tampered with power equipment. Muhammad Ghulam, a day laborer tried to repair a faulty low-tension (LT) cable. Mishandling the high-voltage equipment, normally handled by trained skilled technicians resulted in burn injuries, damaged power equipment and power outage in the area.
The total liquid foreign reserves held by the country stood at US$ 19,047.3 million on 17-July-2020.The break-up of the foreign reserves position is as under:-
During the week ended 17-July-2020, SBP reserves increased by US$ 67 million to US$ 12,121.6 million, due to official inflows.
State Bank of Pakistan (SBP) has conducted a four year (2016-2019) review of complaints against Banks/MFBs/DFIs. The objective of the review was to gain insights on effectiveness of complaint management at banks. The salient features of the review are being published to emphasize SBP’s narrative that responsible complaint handling is the core element of Fair Treatment of Consumer (FTC).
Ilma University accomplished yet another milestone by the acceptance of its Journal of Media & Communication in the Y category by HEC. This is a testimony of the high-quality standards and evaluation benchmarks that have been set by the University to publish the very best in research and scholarly articles.
· Market had an exciting session, which resulted in quite some fluctuation between positive and negative throughout the day and closed the session -226pts. Selling pressure was mainly observed in Cement, Steel, Pharma, OMCs etc. which caused the market to plunge.
One of the leaders in the spice industry, Shan Foods has collaborated with leading e-commerce platforms, Careem, Bykea and Foodpanda, to improve ease of access for consumers.
With the constantly evolving COVID-19 situation, Shan Foods recognized the need to adapt its business in order to be able to better provide for its customers.
Advisor to the Prime Minister on Trade Abdul Razzaq Dawood has said that the Pakistan has started export of jute products to several countries including Middle East, government is giving many incentives to Pakistani exporters. Regulatory duties, customs duties and tariffs have been reduced on a number of products for Pakistan.
JazzCash, Pakistan’s leading digital payments platform, has partnered with Ignite to facilitate the Ministry of Information Technology & Telecom’s (MoITT) national level training program, DigiSkills.pk. Ignite CEO Syed Junaid Imam and Mobilink Microfinance Bank President Ghazanfar Azzam signed the MoU in the presence of Federal Minister for IT & Telecom, Syed Amin Ul Haque and Secretary IT & Telecom, Shoaib Ahmad Siddiqui, while JazzCash CEO Erwan Gelebart joined the ceremony virtually.