Mian Zahid Hussain urges effective planning to relocate Chinese industries

President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday said relocating Chinese sunset industries will improve Pakistan’s GDP by 10 percent annually, however it is important to make immediate arrangements to accomplish this relocation.

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Pakistan’s liquid foreign reserves position

The total liquid foreign reserves held by the country stood at US$17,545.5million on 13April2018.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$11,379.6million

Net foreign reserves held by commercial banks: US$6,165.9million

Total liquid foreign reserves            : US$17,545.5 million

During the week ending 13April2018, SBP’sreserves decreased by US$58million to US$11,546million, due to external debt servicing and other official payments.

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Engro Fertilizers “Aam Aadmi Nahin” recognized at PAS Awards 2018

Engro Fertilizer’s campaign “Aam Aadmi Nahin” has recently been recognized at the PAS Awards 2018 – an initiative of Pakistan Advertisers Society– under the category of Agriculture and Related Industry. The award-winning campaign sheds light on the lives of our nation’s farmers, our real heroes who despite facing struggles and hardships showcase immense resilience, and embrace each day with fresh hope.

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Telenor presents ‘Motorcycle Girl’, an adventure based on the life of motorcyclist, Zenith Irfan

‘Motorcycle Girl’, a biopic on the achievements of Zenith Irfan, the first female biker to take a solo journey to Pakistan’s northern areas, was premiered in Karachi. Showcasing the feat of a young girl challenging stereotypes, the movie fits perfectly with Telenor’s brand philosophy of empowering Pakistanis so that they become the better version of themselves.

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The Promise and Peril of Transformational Technology

By Chuck Hollis, senior vice president of cloud infrastructure at Oracle.

Every now and then, something comes along that fundamentally changes the way the world works. The microprocessor ushered in general-purpose computing. A DARPA research project became the internet. And smartphones permanently altered how we live our personal and professional lives.

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Al Kasir Group launches diamond trading on blockchain

Dubai-based Al Kasir Group launched diamond trading on the blockchain with three diamond-backed blockchain assets. Al Kasir Jewellery Trading and Al Kasir portal, a joint venture under the private office of His Highness Sheikh Ahmed Bin Obaid Al Maktoum, announced the launch of the innovative diamond trading model using the blockchain technology for the first time in the world.

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Uber and Elahi Group launch first of its kind ‘Rickshaw Financing Program’

Uber, the global smartphone app that offers safe, reliable and affordable transport options for riders and drivers, has joined hands with Elahi Group (EGC) to launch an innovative ‘Rickshaw Financing Program’ for Uber partner-drivers in Pakistan.

Through this partnership, Uber aims to provide a solution for driver-partners who are unable to finance their own vehicle.

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KATI welcomes renewal of duty free access to US markets

Patron-in-Chief of Korangi Association of Trade & Industry(KATI) SM Muneer, President Tariq Malik, Senior Vice President Salman Aslam and Vice President JunaidNaqi welcomed the renewal of Generalised System of Preferences (GSP) eligibility of Pakistan by US, after this eligible Pakistani exports to the US market would receive duty-free treatment.

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