Magazine Features

ACCA and SDPI to build national census on charter of economy

The Association of Chartered Certified Accountants (ACCA) and Sustainable Development Policy Institute (SDPI) collaborated to bring together lawmakers to share their views on “The way forward for sustainable development in Pakistan”, at the 21st Sustainable Development Conference (SDC) in Islamabad.

The 21st SDC not only deliberated the economic corridor, but also other corridors of connectivity and knowledge, that can steer towards peace and development.

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Arts Council elections to be held on 23 December,

Arts Council of Pakistan Karachi’s Elections for the year 2019-20 to be held on 23 December, Ahmed Shah and Ejaz Farooqui Panel Submitted their Nomination form on the last day of submission.

Muhammed Ahmed Shah submitted his nomination form for the presidentship where Ather Viqar Azim, Huma Mir, Muhammad Iqbal Latif, Munawar Saeed submitted their nomination forms for the vice presidentship.

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Uber partners with Pakistan Red Crescent Society to promote safety

Uber Pakistan, the global smartphone app that seamlessly connects riders to drivers, to partner up with Pakistan Red Crescent Society (PRCS) with a core focus on road safety and first-aid training for its Driver Partners.

The Road Safety and First Aid is a flagship program of Pakistan Red Crescent Society planned for Uber runs under the guidelines and certification of International Federation of Red Cross and Red Crescent Societies.

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Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$13,753.9million on 07December2018.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$7,260.4million

Net foreign reserves held by commercial banks: US$6,493.5million

Total liquid foreign reserves: US$13,753.9 million

During the week ending 07December2018, SBP’s reserves decreased by US$242million to US$7,260.4million, due to external debt servicing and other official payments.

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Decision of gas closure to industrial sector will cause unbearable losses to industry: Mian Zahid Hussain

Businessmen Panel Pakistan’s Senior Vice Chairman and Former Provincial Minister Sindh, Mian Zahid Hussain, Presidential candidate of BMP, Former Chief Minister Balochistan Allauddin Marri and Chairman Sindh Zakaria Usman while talking to the Business Community said that the business community has raised voice and showed serious concerns over the notice of SSGC regarding closure of gas to the industries for three months in the winter season.

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Junaid Makda gives 24-hours for restoration of gas to industries, captive power plants, CNG stations

President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda has demanded from Sui Southern Gas Company (SSGC) to restore gas supplies to industries, captive power plants and CNG stations in Sindh within 24 hours otherwise if they cannot do so, SSGC’s Chairman and Managing Director should immediately step down from their positions.

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FPCCI strongly condemned closure of industrial captive power

Syed Mazhar Ali Nasir, Senior Vice President FPCCI criticized the SSGC for not taking the industries into confidence and making the decision in such a abrupt manner. The government must understand that non-supply of gas would render thousands of industrial workers unemployed, cause losses of millions of rupees in revenue for the national exchequer and will discourage investors contemplating industrial investment in the country.

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