The total liquid foreign reserves held by the country stood at US$14,068.1 million on 02November2018.The break-up of the foreign reserves position is as under: –

Foreign reserves held by the State Bank of Pakistan : US$ 7,678.9 million

1. Net foreign reserves held by commercial banks : US$ 6,389.2 million
   
2. Total liquid foreign reserves             : US$ 14,068.1 million
   

During the week ending 02 November2018, SBP’s reserves decreased by US$98 million to US$7,679 million, due to payments on account of external debt servicing.

Uber and The International Cricket Council (ICC) announced a world first partnership to support the first ever standalone ICC Women’s World T20 in the West Indies. Uber and the ICC aim to leverage one of the world’s most popular sports to engage the broader cricketing community in a conversation around the important role sport plays in empowering girls and women around the world.

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said that Pakistan is 6th most populated country after China, India, US, Indonesia and Brazil with population of 197 million.

S. M. Muneer, Former President FPCCI & Former CEO TDAP and Syed Mazhar Ali Nasir, Senior Vice President FPCCI is presenting Crest to Dr. Syed Kalim Imam, Inspector General Sindh Police. Mr. Tariq Haleem, Vice Presidents FPCCI, Mr. Zubair Tufail, Mr.

Director General Pakistan Rangers Sindh Maj. Gen. Mohammad Saeed has stressed that Karachi needs enhanced number of policemen who must also be fully equipped with modern technologies so that they could efficiently maintain law & order situation of a city with a huge population.

The spokesman for APCMA said that cement industry’s profitability has declined considerably due to increase in input cost while the construction sector is not posting the anticipated demand. Profit after taxation of cement manufacturers has declined up to 42 percent in first quarter of this fiscal as compared to same period last year.

In view of the latest wave of cyber-attacks that has shocked the local banking system, Telenor Microfinance Bank has comprehensively reviewed and tested its security systems to find that no attempt was made at breaching the Bank’s systems.

The Bank thus encourages customers to use its products and services confidently and freely across Pakistan.

Deputy Inspector General Police Karachi South Javed Alam Odho told a gathering at Korangi Association of Trade & Industry (KATI) that an anti-riots force will be established soon in the city. On this occasion Patron in Chief of KATI SM Muneer, President Danish Khan, Chairman & CEO KITE Zubair Chhaya, Senior Vice President Faraz-ur-Rehman, Vice President Maheen Salman, Senator Abdul Haseeb Khan, head of KATI’s standing committee on Law & Order Nadeem Khan and others also expressed their views.

Reference is made to the recent news circulating in the media regarding the customer information security breaches in major Pakistani banks. Faysal Bank Limited (FBL) would like to reiterate and assure its customers that no such incident has been reported at the Bank and that the data of all its customers is secure.

Nineteen promising FinTechs have been bustling with excitement and morphing their raw ideas into scalable solutions as part of Karandaaz Pakistan’s FinTech Disrupt Challenge (FDC) 2018, for which Karandaaz has funded FinTech Factory to provide accelerated support to these startups. The mentoring from some of the most prominent gurus from the digital financial services sector has helped startups gain confidence, refine product ideas, and prepare for the final investment pitch stage to be held later this year.