Agreement of Charter of Demands in Hamdard Laboratories (Waqf) Pakistan

An historic agreement of charter of demands with the increase of Rs. 7,700 in workers’ salaries was sanctioned by the management in Hamdard Laboratories (Waqf) Pakistan. A meeting of General Body was held yesterday at Al-Rabia Hamdard Factory, Nazimabad, Karachi, in which Zaheer Ahmed Khan, General Secretary, Hamdard Unity Workers Union (CBA) got the approval of agreement from the workers.

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K-Electric wins best Corporate Solar Sustainability Program Award in Abu Dhabi

K-Electric (KE) won the best project award in the category of ‘Corporate Solar Sustainability Program of the year’ at the Middle East Solar Industry Association’s (MESIA) Solar Awards 2018 as part of World Future Energy Summit held in Abu Dhabi. KE is the first Pakistani company to receive this prestigious award, a testament to the power utility’s efforts in implementing alternate-energy efficient policies and using effective solar technologies as part of its energy efficiency and conservation initiative. 

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Zong 4G launches Smart Car solution, a realm of new opportunities

Leading the digital innovation in the industry, Zong 4G started the new year, 2018, with yet another state-of-the-art 4G enabled product, Zong 4G Smart Car solution. Zong 4G Smart Car solution takes the 4G users in a new realm of digitalization, by offering three features in one innovative vehicle onboard diagnostics OBD –II device, monitored through a Mobile app for both Android and Apple users.

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State Bank of Pakistan launches systemic risk survey

State Bank of Pakistan (SBP), being the central bank and banking supervisor, plays a pivotal role in ensuring stability of Pakistan’s financial system. In pursuance of SBP Vision 2020, it is committed to strengthening its financial stability regime to identify and manage systemic risks arising from within and outside the country’s financial system.

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Aman Foundation gets CSR award

The Corporate Social Responsibility (CSR) initiatives of the Aman Foundation won prestigious accolades at the 9th Annual CSR Summit, held by the National Forum for Environment & Health (NFEH), at the Serena Hotel, Islamabad. The General Manager, Marketing and Communications – Ms.

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Pakistan’s liquid foreign reserves position


According to State Bank of Pakistan, the total liquid foreign reserves held by the country stood at US$19,771.5 million on 12January2018.The break-up of the foreign reserves position is as under: –

Foreign reserves held by the State Bank of Pakistan: US$ 13,699.0 million

Net foreign reserves held by commercial banks : US$ 6,072.5 million

Total liquid foreign reserves             : US$ 19,771.5 million

During the week ending 12January2018, SBP’s reserves decreased by US$284 million to US$13,699 million, due to external debt servicing and other official payments.

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Telenor launches first Virtual Mobile Switching Station

Getting closer to its network virtualization goals, Telenor Pakistan has launched the country’s first Virtual Mobile Switching Station (vMSS) on its newly launched in-house hybrid Cloud platform. In addition to significantly enhancing the overall user experience, the Virtual MSS will give the company better control over network allocation and distribution, making smart traffic management possible with least third-party dependency and in-turn providing virtually seamless connectivity during high-volume periods.

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