Magazine Features

PMIC signs off a financing facility of PKR 1,500 million for NRSP

Pakistan Microfinance Investment Company (PMIC) has signed off a financing facility of PKR 1,500 million for the National Rural Support Program (NRSP). The facility will enable NRSP to meet financing requirements of more than 100,000 households across Pakistan. Majority of these loans will be targeted towards women beneficiaries in the rural areas for agriculture, livestock and enterprises.

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Etihad guest honoured with multiple awards

The April was a record month for Etihad Guest, the loyalty programme of Etihad Airways, as it collected an impressive haul of awards. The programme took top honours at four separate award ceremonies throughout the month. It was recognised for the ‘Best Premium Islamic Card’ for its ADIB Etihad Guest Gold Card at the Banker Middle East Product Awards; ‘Best Frequent Flyer Programme’ at the Business Traveler Middle East Awards; the ‘Middle East’s Leading Airline Rewards Programme’ at the World Travel Awards, and the ‘Best Affinity Credit Card Middle East and Asia/Oceania’ for its ADCB Etihad Guest Above Credit Card at the prestigious Freddie Awards, held at the Museum of Flight in Seattle, USA.

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National promotes gender equality

National Foods Limited has over the years evolved to bring into its fold women at every level of the organization. In line with this vision to increase the role of women at corporate level, National Foods Limited participated in the Elevate program by Circle.

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Pakistan’s liquid foreign reserves position

The total liquid foreign reserves held by the Pakistan stood at US$17,067.0million on 11May2018.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$10,798.9million

Net foreign reserves held by commercial banks: US$6,268.1million

Total liquid foreign reserves             : US$17,067.0 million

During the week ending 11May2018, SBP’s reserves decreased by US$364million to US$10,799million.

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FPCCI appreciates consistent efforts of Dr. Miftah Ismail for boosting exports

Syed Mazhar Ali Nasir, Senior Vice President and Chairman, Budget Advisory Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has hailed the Finance Minister Dr. Miftah Ismail for allocating Rs. 24 billion in the budget for announcing the second round of export incentive package, before the end of his tenure, to further boost exports. 

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PDA delegation and Engro Foods management meet the Finance Minister

Karachi: Engro Foods Limited is a key player in Pakistan Dairy industry. It has contributed substantially to the economy and proven its commitment to Pakistan, through various initiatives. From training the dairy farmers to uplift their livelihoods to attracting a major foreign investment of USD 486 million into Pakistan’s economy, by Royal Friesland Campina, the 6th largest dairy company globally.

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