Sri Lanka sees expansion in trade with Pakistan

Consul General of Sri Lanka G.L Gnanatheva said that trade volume with Pakistan would increase in coming years, while he was addressing a meeting held at Korangi Association of Trade & Industry(KATI). President KATI Danish Khan, Senior Vice President Faraz-ur-Rehman, Head of KATI’s standing committee on Foreign Affairs Masood Naqi, Vice President Maheen Salman and others also expressed their views on the occasion.

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UK-Funded Karandaaz paving the way for women led businesses

The UK-funded Karandaaz has signed investment agreements with seven women-led businesses to help women’s small and medium enterprises in Pakistan. These include New Age Flour and General Mills, Web Work Solution, M-Tex, Lel, Noha Global, Kamal Impex and Saira Rizwan.

The second round of the challenge provided business advisory support to 19 women-led businesses from across the country.

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Seminar on ‘Post Pulwama-Threat of Hybrid Warfare and What Next,’ by KCFR

Hybrid warfare was a blend of conventional and irregular war fighting techniques along with employing other non-kinetic means to undermine an enemy’s strength. This type of warfare was more catastrophic in essence, as it pervades into multifaceted frontiers of enemy’s territory; psychologically undermining its decision making capabilities, systematically crippling its financial and information networks using cyber technology, economic strangulation via coercive economic diplomacy and leveraging its influence over international actors and institutions and meanwhile, developing and maintaining a robust defence posture.

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Pakistan’s liquid foreign reserves position

The total liquid foreign reserves held by the country stood at US$16,195.9 million on 12April2019.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$ 9,243.7 million

Net foreign reserves held by commercial banks : US$ 6,952.2 million

Total liquid foreign reserves                  : US$ 16,195.9 million

During the week ending 12April2019, SBP’s reserves decreased by US$1,028 million to US$9,243.7 million, due to payments on account of external debt servicing, including principal repayment of US$1,000 million against Pakistan Sovereign Bond.

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DG DPP called on KATI

Director General Department of Plant Protection Dr. Falak Naaz said that for the promotion of Agricultural exports of Pakistan, meeting food security standards become a challenge. He was addressing a gathering of Industrialists and business community at Korangi Association of Trade & Industry
(KATI) here on Tuesday.

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Rise in gas prices will immensely increase the cost of doing business : Mian Zahid Hussain

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 the Government has already increased gas tariffs 143% in October 2018 and now again OGRA seems determined hike up the prices by 75 to 80% and the new rates will be implemented from July 1, 2019.

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PTCL Group posts double digit growth in Q1, 2019

Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the quarter ended March 31, 2019 at its Board of Directors’ meeting held in Islamabad on April 17, 2019.

PTCL Group’s revenue for the quarter has grown YoY by 11% to Rs.33.5 billion as a result of an accelerated growth in the Ufone and Ubank revenues.

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New high bay container storage system launched as “Boxbay”, says DP World

A new international joint venture that aims to change the way that containers are handled in ports has been launched by global trade enabler DP World and industrial engineering specialists, SMS Group. “BOXBAY” represents a new and intelligent High Bay Storage (HBS) system that will be ready in time for the Dubai Expo 2020 with a pilot project scheduled at Jebel Ali Terminal 4.

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American business magazine Forbes includes Pakistan to the top ten tourist destination: Mian Zahid Hussain

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 Monday said that Governments new e-visa policy will play a significant part in the growth of travel and tourism industry and the people associated with this industry.

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Chairman, BoI visited K-Electric’s office

“Haroon Sharif, Chairman, Board of Investment (BoI) visited K-Electric’s office to discuss the customer-centric initiatives taken by the power utility to improve Pakistan’s ranking in the Ease of Doing Business Index – ‘Getting Electricity’ indicator.

Provision of electricity to industrial zones was also discussed during the meeting.

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Meezan Bank and Regal Automobile Industries formed strategic alliance for provision of Shariah-compliant Financing Solution

Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in Pakistan, has recently signed a Memorandum of Understanding with Regal Automobile Industries Limited to provide exclusive Shariah-compliant financing solutions and value-added services to its customers. Mr. Arshad Majeed – Group Head Consumer Finance, Meezan Bank signed the MoU with Mr.

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