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Dawlance wins ‘Trusted Work-Place’ Certificate for its COVID-safe work-environment

All three manufacturing facilities of Dawlance have been awarded the ‘Trusted Workplace’ certificate, after an audit was voluntarily conducted by Arcelik, through DQS – the globally trusted assessment partner for quality-focused companies in every industrial sector. As an independent third-party, DQS has endorsed that the work-environment, products and services of Dawlance fulfil all the safety standards.

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Govt plans to phase out Additional Customs Duty (ACD)

A meeting was held on Thursday via video-link by the Advisor to Prime Minister for Commerce Mr. Abdul Razzak Dawood, with presidents of various chambers of commerce including Karachi, Lahore, Faisalabad and Gujranwala to discuss and elicit views of the stake holders regarding initiative of the Tariff Rationalization Board to review and reform the tariff structure of various industrial raw materials imported by various sectors and to rationalize the same in order to support the industrial sectors and stimulate growth.

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Zong and ZTE Launch the First Commercial MEC Trial in Pakistan

Leading the digital innovation and heralding a new digital revolution in the country, Zong, in collaboration with ZTE Corporation, has successfully launched the first commercial MEC (Multi-access Edge Computing) trial in Pakistan. The major development paves the way for conducting more 5G trials in Pakistan while preparing Zong to benefit from the launch of future technologies.

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SBP reserves increased by US$ 567 million

The total liquid foreign reserves held by the country stood at US$ 19,562.9 million on 30-July-2020.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$ 12,542.2 million

Net foreign reserves held by commercial banks : US$ 7,020.7 million

Total liquid foreign reserves             : US$ 19,562.9 million

During the week ended 30-July-2020, SBP reserves increased by US$ 567 million to US$ 12,542.2 million.

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Business Confidence negatively affected by COVID-19 – OICCI BCI 2020 Survey

Overseas Investors Chamber of Commerce and Industry (OICCI) shared the results of its Business Confidence Index (BCI) Survey – Wave 19, which shows that the overall Business Confidence Score (BCS) in Pakistan stands at 50 percent negative, a further drop by 5 percent from the already – 45 percent negative score in Wave 18 Survey conducted in August 2019.

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Meezan Bank launches electronic IPO subscription for its corporate customers

Meezan Bank, Pakistan’s first and largest Islamic bank has successfully launched electronic subscription to IPOs (Initial Public Offerings) for its corporate customers via CDC’s (Central Depository Company) newly launched Master TREC Module in Centralized eIPO System (CES).

Using Master TREC in CES, Meezan Bank will allow registered Master TREC Holders (Brokerage Houses) to make payments electronically on behalf of their customers through Meezan Internet Banking.

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Kashmir Youm-e-Istehsal event in Ankara

The Embassy of Pakistan Ankara organized an event today to observe “Youm-e-Istehsal as a show of solidarity with the oppressed people of the Indian Illegally Occupied Jammu and Kashmir (IIOJK). Pakistan community members, Kashmiris living in Ankara as well as media representatives attended the event.

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