Agreement of Charter of Demands in Hamdard Laboratories (Waqf) Pakistan

An historic agreement of charter of demands with the increase of Rs. 7,700 in workers’ salaries was sanctioned by the management in Hamdard Laboratories (Waqf) Pakistan. A meeting of General Body was held yesterday at Al-Rabia Hamdard Factory, Nazimabad, Karachi, in which Zaheer Ahmed Khan, General Secretary, Hamdard Unity Workers Union (CBA) got the approval of agreement from the workers.

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K-Electric wins best Corporate Solar Sustainability Program Award in Abu Dhabi

K-Electric (KE) won the best project award in the category of ‘Corporate Solar Sustainability Program of the year’ at the Middle East Solar Industry Association’s (MESIA) Solar Awards 2018 as part of World Future Energy Summit held in Abu Dhabi. KE is the first Pakistani company to receive this prestigious award, a testament to the power utility’s efforts in implementing alternate-energy efficient policies and using effective solar technologies as part of its energy efficiency and conservation initiative. 

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Zong 4G launches Smart Car solution, a realm of new opportunities

Leading the digital innovation in the industry, Zong 4G started the new year, 2018, with yet another state-of-the-art 4G enabled product, Zong 4G Smart Car solution. Zong 4G Smart Car solution takes the 4G users in a new realm of digitalization, by offering three features in one innovative vehicle onboard diagnostics OBD –II device, monitored through a Mobile app for both Android and Apple users.

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State Bank of Pakistan launches systemic risk survey

State Bank of Pakistan (SBP), being the central bank and banking supervisor, plays a pivotal role in ensuring stability of Pakistan’s financial system. In pursuance of SBP Vision 2020, it is committed to strengthening its financial stability regime to identify and manage systemic risks arising from within and outside the country’s financial system.

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Aman Foundation gets CSR award

The Corporate Social Responsibility (CSR) initiatives of the Aman Foundation won prestigious accolades at the 9th Annual CSR Summit, held by the National Forum for Environment & Health (NFEH), at the Serena Hotel, Islamabad. The General Manager, Marketing and Communications – Ms.

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Pakistan’s liquid foreign reserves position


According to State Bank of Pakistan, the total liquid foreign reserves held by the country stood at US$19,771.5 million on 12January2018.The break-up of the foreign reserves position is as under: –

Foreign reserves held by the State Bank of Pakistan: US$ 13,699.0 million

Net foreign reserves held by commercial banks : US$ 6,072.5 million

Total liquid foreign reserves             : US$ 19,771.5 million

During the week ending 12January2018, SBP’s reserves decreased by US$284 million to US$13,699 million, due to external debt servicing and other official payments.

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Telenor launches first Virtual Mobile Switching Station

Getting closer to its network virtualization goals, Telenor Pakistan has launched the country’s first Virtual Mobile Switching Station (vMSS) on its newly launched in-house hybrid Cloud platform. In addition to significantly enhancing the overall user experience, the Virtual MSS will give the company better control over network allocation and distribution, making smart traffic management possible with least third-party dependency and in-turn providing virtually seamless connectivity during high-volume periods.

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KATI urged to focus on SMEs and Entrepreneurship

President of Korangi Association of Trade & Industry (KATI) Tariq Malik has urged the government to focus on Small & Medium-sized Enterprise (SMEs) and Entrepreneurship for economic growth. In a statement released by KATI, he said that developed economies promoted small industry and concept of entrepreneurship to fight back their economic challenges and boost investments.

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National Bank of Pakistan upgrades Custom House branch

National Bank of Pakistan (NBP) has upgraded its Custom House branch to a modern facility to provide high quality and efficient services to its customers. NBP has been proactively working on its branch banking infrastructure to improve its systems and provide service of excellence to its customers which is in line with its vision of being the nation’s bank.

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Zubair Motiwala lauds Secretary Commerce’s initiatives to improve ease of doing business

Chairman Pakistan Afghanistan Joint Chamber of Commerce & Industry (PAJCCI), Zubair Motiwala acknowledged Mohammad Younus Dagha, Secretary Commerce for his efforts in streamlining economic friendly policies along with constant engagement with private sector stakeholders for effective implementation of the same for improving trade quantum of Pakistan.

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5th Pakistan Mega Leather Post Show Report