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.… Read the rest
A Memorandum of Understanding (MoU) has been signed between BankIslami, BIPL Securities and Kifayah Investment Company with the aim to promote investment culture for Non Resident Pakistanis (NRPs) and locals in Pakistan by providing them a one stop solution for all their investment needs.… Read the rest
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.… Read the rest
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.… Read the rest
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.… Read the rest
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.
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.… Read the rest
A Cable Landing Party Agreement has been signed between PEACE Cable International Network Co., Ltd (PEACE Cable) and Cyber Internet Services Pvt Ltd (Cybernet Pakistan). This landmark agreement, signed on 16 April 2019 at Capacity North Africa in Cairo, follows a Memorandum of Understanding signed by both parties in 2018.… Read the rest
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.… Read the rest
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.… Read the rest
A 20-member delegation of National Defence University (NDU) of Pakistan, headed by Brig. Waheed Gul Satti, is visiting Turkey as part of its Foreign Study Tour from 14-21 April. The delegation includes senior officers from Pakistan’s Armed Forces, Civil Service and officers from friendly countries who are attending the National Security and War Course.… Read the rest
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.… Read the rest
“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.… Read the rest
Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited announces Rs. 120 million net profit after tax for the year ended December 31, 2018 during the Group’s Board of Directors meetings.
Pak-Qatar Takaful Group achieved an aggregate turnover of around Pak-Rs.… Read the rest
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.… Read the rest
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