Magazine Features

Phenomenal rise in imports stresses current account: FPCCI

Ghazanfar Bilour President FPCCI showed his serious concern over the continuous drastic increase in trade deficit of Pakistan resulting in fiscal imbalances. The exorbitant increase in import is exerting pressure on balance of payments and reflecting performance of economy.

He further informed that latest figures indicate that imports for the fiscal year 2017-18 has reached US $ 61 billion, while exports remained US $ 23 billion which results a record high trade deficit of US $ 38 billion.

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Assistant Secretary for Educational and Cultural Affairs Marie Royce visits Islamabad

Assistant Secretary for Educational and Cultural Affairs Marie Royce visited Islamabad July 11-13 to highlight the wide range of State Department education and exchange opportunities the U.S. Embassy offers to Pakistanis.

She met with Dr. Tariq Banuri, the chairman of the Pakistan Higher Education Commission, which is working to foster a culture of quality in Pakistan’s higher education sector through scholarly interaction among US and Pakistani faculty and administrators. 

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Latif Kapadia Memorial Welfare Trust continues to create awareness for various basic health issues

Latif Kapadia Memorial Welfare Trust (LKMWT) keeping their effort to create awareness for various basic health issues and the particular effects of consuming Gutka, chalia and other tobacco related substances in our society have continued their collaboration with The Hunar Foundation (THF) to safeguard the common ailments within the society by adapting precautionary measures and spreading awareness.

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Jazz and Careem collaborate to provide exciting offers to users

Jazz has collaborated with Careem to offer various promotions to its subscribers throughout the year. Subscribers can use the promo code ‘JAZZSUPER4G’ when booking a ride through the Careem app to avail a discount of20% on their next four rides. First time users of Careem app can use promo code ‘JAZZRIDE’ to receive a discount of up to PKR 250 on their first ride.

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PSX: Ferts lead the recovery

KSE-100 Index 39,875 | High 39,916 | Low 39,237 | Change +288 | Value USD33mn | Volume 59mn

Pakistan equities managed to close in green after a shallow morning start. Market opened gap down as Index heavy E&Ps took the brunt of selling following the decline in global crude prices as demand concerns rises due to US-China trade war.

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FPCCI Officers’ to contribute one-day salary for Diamer-Bhasha & Mohmand Dams

“The Officers of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) appreciating the order of the four-judge bench headed by the Chief Justice of Pakistan Mian Saqib Nisar for the construction of Diamer–Bhasha and Mohmand Dams have decided to fulfill their national obligation by donating their One-day salary, voluntarily, to the announced Fund for this cause of national importance”.

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SBP explains collection mechanism for donations for Diamer Bhasha and Mohmand Dams Fund

State Bank of Pakistan (SBP) held a press conference at its head office in Karachi explaining arrangements made at field offices and bank branches across Pakistan to receive donations for Supreme Court of Pakistan Diamer Bhasha and Mohmand Dam Fund established on the instructions of honorable Supreme Court for construction of the two said dams in the country.

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State Department Official Visits Construction Technology Training Institute

Marta Youth, the U.S. State Department’s Bureau of Population, Refugees, and Migration Office Director for Europe, Central Asia, and the Americas visited the Construction Technology Training Institute (CTTI) in Islamabad.  Supported by the United Nations High Commissioner for Refugees (UNHCR), CTTI provides vocational and technical skills training to both Afghan refugees and Pakistanis from refugee-hosting communities.

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