President Karachi Chamber of Commerce and Industry Junaid Esmail Makda speaks at the Annual Environment Conference at local hotel Karachi

Overseas Pakistani workers remitted US $21,841.50million during FY19 showing a growth of 9.68% compared with US $19,913.55million received during the same period in the preceding year. During June 2019, the inflow of worker’s remittances amounted to US $1,650.52 million, which is 28.72% lower than May 2019 and 1.40% higher than June 2018.

Uber, the global ride-hailing giant connecting riders to drivers, is now launching its premium car service UberX in Islamabad. The company will be starting UberX operations that offer top-quality car services for all those moments that are special, only the push of a button away. 

Lucky Cement Limited (psx: LUCK) won the Environment Excellence Award at the 16th Annual Environment Excellence Awards 2019, organized by The National Forum of Environment and Health (NFEH). The award ceremony was held at a local hotel on 09 July 2019.

By Muhammad Musa and Manzoor H. Memon

A law or statute that is made for the people should be understandable to the people it governs. Whenever a new law is framed or any existing law is amended, it is the duty of the concerned institutions to explain the details or features of such entry to the people so that the people can lead their lives in accordance with the new framework.

As per IMF’s Staff Report for the US$6.0bn EFF program, Pakistan will receive the first tranche of US$1.0bn immediately. For subsequent disbursements – which will be quarterly in the first year but semi-annual thereafter – Pakistan will have to fulfill certain benchmarks (details below).

OICCI’s 2019 annual security survey, conducted in June 2019, shows that the foreign investors, OICCI members’, perception of the country’s security environment has further improved significantly compared to the already improved security situation recorded in the 2018 survey. The annual security survey, conducted among OICCI members only, is one of the critical annual assessment of the operating conditions in Pakistan and is taken very seriously by the potential foreign investors, relevant diplomats and other stakeholders interested in doing business in Pakistan.

Engro Powergen Thar (Private) Limited (EPTL) – a majority owned Company of Engro Energy – and Sindh Engro Coal Mining Company (SECMC) – a joint venture of Engro Energy with the Government of Sindh and other corporate partners – have successfully declared the Commercial Operations Date (COD) of the first phase of the Thar coal project.

Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) hailed the upcoming visit of Prime Minister Imran Khan to USA scheduled from July 20, 2019 and hoped that it will open new vistas of trade and economic relations between both nations.

Dawlance has appointed Mr. Umar Ahsan Khan as its new Chief Executive Officer, effective July 1, 2019. Mr Khan is a seasoned professional, with almost three decades of experience performing diverse roles in strategy, operations, finance & accounting, and leadership in various major national and international organizations.