Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$15,972.6 million on 03May2019.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan : US$ 8,984.1 million

Net foreign reserves held by commercial banks : US$ 6,988.5 million

Total liquid foreign reserves                  : US$ 15,972.6 million

During the week ending 03May2019, SBP’s reserves increased by US$179 million to US$8,984.1 million, due to official GoP inflows.

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ACCA’s Budget Proposals for 2019/20

ACCA (the “Association of Chartered Certified Accountants”) believes that it is time to make radical changes in the approach towards budget and the economic model of Pakistan. We are compelled to think beyond twelve months and take medium to long term perspective focusing on inclusive economic growth and development model for Pakistan rather than just managing cash flows and foreign-exchange reserves.

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Standard Chartered gets “Best Commercial Bank 2019” Award from MAP

Standard Chartered Pakistan has been recognised as the Best Commercial Bank 2019 by Management Association of Pakistan (MAP). This award is a recognition of Standard Chartered’s superior and unmatched product suite and banking capabilities. Since inception Standard Chartered has launched several products and solutions to meet theneeds of its diverse set of clients and is also known for providing best in class service.

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Standard Chartered gets “Best Commercial Bank 2019” Award from MAP

Standard Chartered Pakistan has been recognised as the Best Commercial Bank 2019 by Management Association of Pakistan (MAP). This award is a recognition of Standard Chartered’s superior and unmatched product suite and banking capabilities. Since inception Standard Chartered has launched several products and solutions to meet theneeds of its diverse set of clients and is also known for providing best in class service.

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National Foods launches humqadam program to empower their female employees

National Foods Limited, one of the leading food companies headquartered in Karachi, has launched an internal mentorship program – Humqadam, exclusively for the female employees of the company.

This program will provide their female employees a platform to highlight their concerns and suggestions in front of the company’s female board of directors who will ultimately use that constructive grass-root level feedback in policy making.

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FPCCI laments frequent increase in domestic air-fares

Engr. Daroo Khan Achakzai, President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Mr. S.M. Muneer, Leader of the Business Community, Former Chief Executive TDAP and Former President of FPCCI showing concern on continuation of abrupt hike in the air fares on all the domestic routes have urged the Aviation Minister, Ghulam Sarwar Khan to initiate a regulatory body to monitor air fares and evolve a mechanism for this purpose.

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Telenor Pakistan Scoops Four Awards at Effie Awards 2019

Telenor Pakistan, one of country’s leading telecom operators, has won four prestigious awards at the Effie Awards 2019 including Two Golds, One Silver, and one Bronze in different categories.

One of the Gold awards was won for ‘Direct Carrier Billing’ solution in the ‘Internet & Telecom’ categoryand shared with Ogilvy Pakistan and OMD Pakistan agencies.

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