SBP’s reserves increased by US$443 million

The total liquid foreign reserves held by the country stood at US$15,517.9 million on 01-November-2019.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan : US$ 8,357.6 million

Net foreign reserves held by commercial banks : US$ 7,160.3 million

Total liquid foreign reserves             : US$ 15,517.9 million

During the week ending 01-November-2019, SBP’s reserves increased by US$443 million to US$8,357.6 million.

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DG SBCA visits KATI

Director General Sindh Building Control Authority (SBCA) Zafar Ahsan has said that for the facilitation all industrial zones would be dealt as single Zone. He was speaking to meeting held by Korangi Association of Trade & Industry (KATI). President of KATI Sheikh Umer Rehan, Head of KATI’s Standing Committee on SBCA Farahan-ur-Rehman, Chairman & CEO KITE Zubair Chhaya, Masood Naqi and Vice President of KATI Syed Wajid Hussain also addressed the gathering.

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CEO PIA reviews airlines performance

The 41% increase in revenues, 5 points increase in seat factor and over 90% reliability of schedule. PIA has achieved unprecedented numbers of performance and all set to take more aggressive course. Signs of improvement have started to appear in PIA in just one year’s time, though there are still many challenges ahead to overcome and many more new heights to achieve.

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IPGFA’s top 10-contestant fashion designers creative display in Lahore

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) displayed the IPGFA’s top 10 contestant fashion designers’ creative work at the historical Lahore Fort recently. The display ceremony of selected fashion designers’ creations was held at Royal Kitchen of the historical Lahore Fort in collaboration with the Walled City of Lahore Authority (WCLA), which was graced by Vice Chancellor Ms.

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Government must have legal framework in place for small businesses to flourish, meet the needs of a modern economy

The professional body for accountants ACCA (the Association of Chartered Certified Accountants) is asking whether businesses and policymakers in Pakistan are compromising the performance of small business in a new report called ‘Building the legal framework to help business succeed’. Whether through over-familiarity or lack of awareness, there’s a risk a key ingredient in the formula for success is being overlooked – the legal form through which businesses operate.

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