Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$17,712.9million on 27April2018.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan : US$11,510.3million

  1. Net foreign reserves held by commercial banks : US$6,202.6million
  2. Total liquid foreign reserves : US$17,712.9 million

During the week ending 27April 2018,SBP’s reserves increased by US$593million to US$11,510million.The increase in SBP’s reserves is due to official inflows.

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H.E. Ambassador of Morocco Mohamed Karmoune calls on Federal Minister for Communications Dr. Hafiz Abdul Karim

Federal Minister for Communications Dr. Hafiz Abdul Karim has said during the tenure of existing democratic government record increase has been made in construction and extension of motorway and highways throughout the country. Under gigantic China Pakistan Economic Corridor (CPEC) project, a number of mega projects connecting to the ports were undertaken.

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Desalination plant in Karachi would start in July, Governor told KATI

Governor Sind Muhammad Zbuair said that a “Business friendly Budget” should be called “people friendly’ and Pakistan has come up difficult times. He was addressing a gathering of business community and industrialists at Korangi Association of Trade & Industry (KATI). The governor said that desalination plant is the most urgent need of Karachi’s citizens; it would ready to start the project on 1st of July, anyway.

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TDAP to participate Intertextile Shanghai Apparel Fabrics 27 – 29 Sept, 2018

Trade Development Authority of Pakistan is likely to participate at Intertextile Shanghai Apparel Fabrics 27 – 29 September, 2018 National Exhibition and Convention Center (Shanghai) 168 East Yinggang Road, Shanghai, China.

The Intertextile Shanghai Apparel Fabrics is reportedly the biggest and most comprehensive apparel fabrics and accessories event in Asia.

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Telenor & QMobile collaborate to bring Pakistan’s most affordable 4G Smartphone

With an ambition to better connect Pakistan and empower the Pakistani society, Telenor Pakistan, country’s foremost telecom and digital services provider and QMobile have entered into the next phase of their long-standing collaboration ushering in a new era of 4G ecosystem development through the introduction of LT-100, an LTE-enabled low-cost smart phone.

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CEO of Azimut Holding on inaugural visit to Pakistan

Alfalah Investments was proud to host Mr. Sergio Albarelli, Chief Executive Officer and Managing Director of Azimut Holding, in Karachi. Mr. Albarelli is one of the leading figures in global asset management with more than 25 years of experience. He was Managing Director at Franklin Templeton for sixteen years before joining Azimut, and has also worked with global wealth and asset management firms of JP Morgan and Deutsche Bank.

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Jazz Cash achieves record growth in 1Q 2018

JazzCash, Jazz’s mobile financial product, has achieved record growth in its Mobile Account customers during the 1st quarter of 2018. As per official figures, JazzCash added half a million customers to its thirty day active base in record time of just 70 days, bringing the total active user base to over 3.5 million customers – a large step towards its mission to introduce formal financial services to the unbanked.

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Mohammed bin Rashid attends launch of DP World Cargospeed

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum today attended the launch of DP World Cargospeed, a new global company created through a partnership between global trade enabler DP World and Virgin Hyperloop One, to provide hyperloop-enabled cargo systems to support the fast, sustainable and efficient delivery of palletised cargo.

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Children’s Urdu monthly brings out ‘Shikayat’ edition

Mahnama Sathee, children’s premier Urdu monthly, has brought out a special ‘shikayat’ number for the month of May 2018. Aimed at celebrating the funniest phase of the childhood, the exclusive ‘shikayat’ edition features a host of short stories, poems and essays that reflect a child’s inclination to complain of trivial ailments and beautifully depict a child’s tendency to find fault in almost everything they are exposed to, starting from a tasteless food being served to the most challenging schooldays a child is supposed to experience in his life.

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