Saifee Eide Zahabi Institute of Technology has been handed over to Saifee Golden Jubilee Educational Trust of the Dawoodi Bohra community. A delegation comprising of the Saifee Golden Jubilee Trust’s trustees and representatives of the Dawoodi Bohra community visited Saifee Eide Zahabi Institute of Technology on Monday.
The Honorable Prime Minister of Pakistan, Mr. Imran Khan, launched the completion of the first phase of Pakistan’s Instant Payment System, Raast, in a ceremony held in Islamabad today and hosted by the State Bank of Pakistan (SBP). Raast is an initiative of SBP under which it has developed Pakistan’s first instant payment system in collaboration with Bill & Melinda Gates Foundation and Karandaaz, Pakistan.
From December 28 to January 7, the U.S. Embassy in Islamabad’s International Narcotics and Law Enforcement (INL) section collaborated with the Khyber Pakhtunkhwa (KP) Prisons Department to deliver PKR 9,762,700 in personal protective equipment (PPE), hand sanitizer, soap, and gloves to staff and inmates to prevent the spread of COVID-19.
The 19th Young Leaders Conference came to an end with the final day held in the last week of December amongst much fanfare. The conference proved to be another success hosted by the School of Leadership, with special programs and activities to inspire and empower the participating youth.
A delegation of Pakistan Automobile Spare Parts Importers and Dealers Association (PASPIDA) under the leadership of Arshad Islam visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to congratulate Mian Nasser Hyatt Maggo newly elected President of FPCCI on his success.
The KSE-100 Index started the new year with renewed optimism, led by a bullish spree in IPP scrips, following the announcement of the plan for circular debt resolution. Moreover, oil prices saw a jump of 7.8% WoW, as reports came in of Russia abstaining from pushing for an output hike in February.
Pakistan Solar association (PSA) convened meeting with Solar companies’ owner to listen to their issue and present viable solutions to their contemporary problems. The meeting was held in FPCCI in Karachi. The meeting was chaired by PSA Chairman Mr. Muhammad Farhan with Solar companies’ members to highlight industry related issue and brought Government Attention on regulation processes hampering the Solar company’s growth domestically.
ACCA (the Association of Chartered Accountants) has joined forces with Kamayi to support small businesses and micro entrepreneurs with their current cashflow management challenges and help them with their future-readiness by offering free-of-cost professional expertise.
Limited resources and financial muscle restrict SMEs from allocating funds towards long-term planning and professional development of their workforce.
• Workers’ remittances maintained their strong momentum for the seventh consecutive month in December. Remittances rose further to $2.4 billion, growing by 16.2 percent on a year-on-year basis and 4.2 percent on a month-on-month basis.
• On a cumulative basis, workers’ remittances reached an unprecedented level of $14.2 billion during the first half of FY21, 24.9 percent higher than the same period last year.
Playing an active part in the government’s aim to promote the use of Electric Vehicles, Shell Pakistan Limited (SPL) and K-Electric Limited (KE) have signed a Memorandum of Understanding (MoU), to jointly develop the first three Electric-Vehicle (EV) Charging Stations across Karachi and its connecting highways.
Federal Minister of Railways, Azam Khan Swati, visited Hutchison Ports Pakistan, and was introduced the operations by the management and given a comprehensive tour of the facilities, and its capabilities as a state-of-the-art terminal. The Federal Minister was also updated on the port’s phase 2 expansion plans.
. Improvement in leading macro indicators such as growth in exports (highest monthly number since Sep 2013) as well as consistent increase in SBP forex reserves had the investors maintain an upbeat sentiment, especially on the banking sector stocks, which were relatively laggard in the previous bull run.
Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday criticised the decision of the gas utility to discontinue supply of natural gas to the general industry, which will hit economic activities and employment.
Ilma University set a new milestone by paying a heartfelt tribute to the world’s youngest Microsoft Certified Professional Arfa Karim in the SPOTLIGHT. This was specially planned on a morally sound topic, Positive Parenting and in talk with Ms Samina Amjad, the Chairperson of Arfa Karim Foundation on 5th January.
On January 7, 2021, David Helvey, Performing the Duties of the Assistant Secretary of Defense for Indo-Pacific Security Affairs, met with Pakistan’s Chief of the General Staff Lieutenant General Sahir Shamshad Mirza. Mr. Helvey thanked Lt. Gen. Mirza for Pakistan’s ongoing role in supporting Afghanistan Peace Negotiations and discussed the urgency of reducing violence and restarting meaningful negotiations between the Islamic Republic negotiators and the Taliban.