SBP rejects rumors about discontinuation of Rs.5000 banknotes

Apropos the rumors circulating on social media regarding discontinuation of Rs.5000 banknote, SBP categorically rejects all such rumors and requests the general public to pay no heed to such disinformation.

It is further clarified that SBP Act, 1956 clearly defines the roles and responsibilities of different institutions including SBP for issuance, circulation and demonetization or cancellation of banknotes.

Read the rest

Event in the memory of “Mushtaq Ahmed Yousafi

Arts council of Pakistan Karachi organized an event on Sunday 9 September 2018 in the memory of “Mushtaq Ahmed Yousafi”. Zia Muhiud Din presented the writing of Mushtaq Ahmed Yousafi.President of Arts council Pakistan Karachi Ahmed Shah said that we are living in the era of Mushtaq Ahmed Yousafi.

Read the rest

UIT’s graduating students exhibit their projects

Students of Usman Institute of Technology (UIT) exhibited their talent through their final year projects at an exhibition and job fair 2018 organised at the institute on Saturday. The exhibition provided a platform to students of engineering and information technology to showcase their projects they had been working on during their final semester.

Read the rest

Conflict of interest questions raised over Senate Committee on Tobacco

According to a notification issued by the Senate Secretariat, the second meeting of special committee on decline in tax collection from tobacco sector would be held on September 12 at the Parliament House. The committee has been set up with the mandate to ascertain reasons for decline in tax collection from the tobacco sector, and its maiden session was held earlier in August.

Read the rest

Overseas Pakistanis remit US $3.9 billion in the first two months of FY19

Overseas Pakistani workers remitted US$ 3966.53 million in the first two months (July to August) of FY19, showing a growth of 13.45% compared with US$ 3496.13 million received during the same period in the preceding year. During August 2018, the inflow of worker’s remittances amounted to US$ 2037.33 million, which is 5.60% higher than July 2018 and 4.24% higher than August 2017.

Read the rest

“NTRC to be made a vibrant research organization”

Federal Secretary Communications Mr. Shoaib Ahmed Siddiqui on Monday inaugurated the “Plantation for Pakistan campaign” of the ministry at National Transport Research Centre (NTRC) by planting a sampling of araucaria excelsa. He nominated NTRC Chief Sajjad Afzal Afridi as the focal person of the campaign of the ministry in the country.

Read the rest

FPCCI and BF sign MoU to promote In-Land Waterways

Pakistan Federation of Chambers of Commerce and Industry (FPCCI) and Bahria Foundation (BF) have signed an agreement to establish a cooperative relationship in facilitating and advancing economic commercial activities to promote Pakistan’s trade for socio-economic prosperity.

The purpose of this MoU is to create Industry-Navy Linkages to promote industry driven programs and plans for economic development and promotion of In-Land Water Ways Transportation.

Read the rest