SALAMAIR expands its Network with four new destinations

SalamAir, Oman’s first budget airline was launched in 2016 to meet the country’s rapidly increasing demand for affordable travel options and to generate further opportunities for employment and business creation within the various sectors in Oman.

SalamAir recently added direct flights to Khartoum, Kathmandu, Najaf and Dhaka to its expanding network.

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U.S. Mission’s Youth Festival celebrates next generation

Two hundred students and young professionals from across Pakistan gathered at the “Good for Youth—Good For Pakistan” festival on October 4th, sponsored by USAID Pakistan. The festival brought together some of the brightest members of Pakistan’s next generation to exchange ideas about the country’s future and their role in shaping it.

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Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$14,893.2million on 28September2018.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$8,408.5million

Net foreign reserves held by commercial banks : US$6,484.7million

Total liquid foreign reserves : US$14,893.2 million

During the week ending 28September2018,SBP’s reserves decreased by US$627million to US$8,409million, due to payments on account of external debt servicing.

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Jazz offers discounts with Booking.com

Jazz, Pakistan’s leading digital communications company is offering its subscribers a chance to get discounts of up to 10% on accommodation reservations made through Booking.com – the global leader in connecting travelers with the widest choice of incredible places to stay.

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The prestigious Tank Storage Asia exhibition and conference concludes

Tank Storage Asia, the exhibition and conference dedicated to the Asian tank terminal and storage industry ended on a high last week. Attended by delegates from across the South East Asian region, the two-day conference featured in-depth discussions and panel debates focused on the terminal market, International Maritime Organization (IMO) 2020 regulation and technological innovations across the industry.

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USAID hosts renewable energy zone workshop

USAID hosted seventy energy experts from across the country to learn about the potential for developing Renewable Energy Zones in Pakistan. The goal of the two-day technical workshop was to introduce innovative and effective concepts for expediting and scaling up the commercial deployment of renewable energy projects that will make it possible to leverage the abundant reserves of solar, wind, biomass, and hydroelectric potential in this country.

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The State of Housing Finance in Pakistan

By Ali Akbar Ghanghro

Housing is a fundamental need whose provision can ensure a minimum standard of welfare for a family unit. Indeed, it has been recognized as such through the “Universal Declaration of Human Rights” and its reaffirmation at the 1996 UN Habitat Conference through the “Adequate Shelter for All” slogan.

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Office bearers of PVMA elected unopposed

Tariq Ullah Sufi, Barrister Raja Farooq and UmerRehan have been elected unopposed Chairman, Senior Vice Chairman and Vice Chairman of Pakistan Vanaspati Manufacturers Association (PVMA), respectively. Shaikh Abdul Waheed , Malik Abid, KhwajaArif and others congratulated newly elected office bearers of the association.

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America-Pakistan Business Development Forum delegation to visit Karachi in few weeks

A high level delegation of America Pakistan (AM-PAK) Business Development Forum comprising of businessmen and investors will visit Karachi in the last week of this month to promote bilateral trade and offer investment opportunities in both countries. The delegation led by forum’s President and Managing Partner ICCMC-LLC USA Nawaid Issa will have meetings with top businessmen and government officials to explore business and investment opportunities of mutual interest.

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