Magazine Features

Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$14,965.9 million on 08March2019.The break-up of the foreign reserves position is as under:-

i)Foreign reserves held by the State Bank of Pakistan : US$ 8,122.9 million

ii)Net foreign reserves held by commercial banks : US$ 6,843.0 million

  1. Total liquid foreign reserves         : US$ 14,965.9 million

During the week ending 08March2019, SBP reserves increased by US$6 million to US$8,122.9 million.

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Jazz Super 4G upgrades technology with L900 to become an even faster mobile network

Jazz, Pakistan’s leading digital communications company, has recently introduced a new LTE carrier, L900, in Islamabad to help with the growing customer demand to ensure the best internet experience for everyone. This carrier addition now catapults Jazz into the elite LTE-Advanced/4G+ operators group.

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Dawlance launches a new series of powerful inverter air conditioners

Dawlance is Pakistan’s leading brand of reliable home appliances. Established since 1980, it has entered an international collaboration with Arcelik AS – a global leader in appliances. Dawlance has now launched a powerful new series of air conditioners with the latest inverter technologies, to promise great performance with electricity-conservation of Rupees 30,000 per year.

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Lahore – Abdul Hakeem Motorway (M-3) will be opened to traffic on March 30, 2019

Federal Minister for Communications & Postal Services Mr. Murad Saeed has termed Lahore-Abdul Hakeem Motorway (M-3), a model Motorway that is going to be opened to traffic from March 30, 2019. For Convenience of the people Faisalabad Toll Plaza will be eliminated from March 24, 2019.

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DP World reports revenue growth of 20% in 2018

Global trade enabler DP World today announces strong financial results for the year ended 31 December 2018. On a reported basis, revenue grew 19.8% and adjusted EBITDA increased 13.7% with adjusted EBITDA margin of 49.7%, delivering profit attributable to owners of the Company, before separately disclosed items, of $1,270 million, up 5.1%, and EPS of 153.0 US cents.

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Telenor Microfinance Bank wins Most Innovative MFI Award

Strengthening its market standing as the nation’s preferred banking institution, Telenor Microfinance Bank (TMB) has won the 13th Citi Micro-entrepreneurship Awards – Most Innovative MFI award. The award ceremony was held at a local hotel in Islamabad recently. It was attended by representatives of the banking sector, regulators, financial institutions, stakeholders and media personnel.

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UIT awarded ‘Most Active Student Branch’

Usman Institute of Technology (UIT) affiliated with NED University of Engineering & Technology, Karachi, was recently awarded ‘The Most Active Student Branch 2017-18’ from IEEE Karachi Section at the annual general meeting held at DHA Sunset Club. The award was presented to IEEE UIT Student Branch on the basis of the influential activities and efforts to organize quality events, workshops, seminars and gathering maximum participations in other universities of Pakistan.

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Pre-order HUAWEI Y6 Prime 2019 in Exquisite Leatherette Back

Huawei has begun accepting pre-orders for yet another variant of the bestselling HUAWEI Y Series 2019. The HUAWEI Y6 Prime 2019 comes with an elegant twist – a faux leather back that is a first for smartphones in the market. The premium-looking HUAWEI Y6 Prime 2019 comes with a 6.09-inch Dewdrop HD+ display and promises an entry-level experience like no other.

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PTCL celebrates International Women’s Day n Multan

PTCL celebrated International Women’s Day under the theme ‘Better the balance, Better the world’ by organizing a special event to recognize and appreciate the achievements and success of their female workforce at the PTCL Regional office in Multan.

The Chief Guest at the event was Shagufta Hussain, Pro Vice Chancellor, Women University Multan.

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KMBL clients win Citi PPAF Micro-Entrepreneurship awards

Three of Khushhali Microfinance Bank’s (KMBL) successful clients received awards at 13th Citi PPAF Micro entrepreneurship Awards. The ceremony organized by Pakistan Poverty Alleviation Fund (PPAF) and Citi Foundation was held at Serena Hotel, Islamabad to acknowledge the triumphant micro entrepreneurs across Pakistan.

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