Auto production falls in Pakistan

According to the latest data released by Pakistan Automotive Manufacturers Association (PAMA), total passenger car and LCV sales for Nov’19 clocked-in at 9,840 units recording a decline of 10% MoM and 44% YoY.

Cumulatively, car sales for 5MFY20 declined by 45% YoY to 55,407 units owing to lackluster auto sales across all OEMs and bleak demand trend for LCVs and 4x4s.

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Auto production falls in Pakistan

According to the latest data released by Pakistan Automotive Manufacturers Association (PAMA), total passenger car and LCV sales for Nov’19 clocked-in at 9,840 units recording a decline of 10% MoM and 44% YoY.

Cumulatively, car sales for 5MFY20 declined by 45% YoY to 55,407 units owing to lackluster auto sales across all OEMs and bleak demand trend for LCVs and 4x4s.

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SBP: Workers’ remittances increase in 5MFY2019-20

Overseas Pakistani workers remitted US$ 9,298.57 million in the first five months (July to November) of FY20, compared with US$ 9,281.94 million received during the same period in the preceding year. However, during November 2019, the inflow of workers remittances amounted to US$ 1,819.66 million, which is 9.05% lower than October 2019 and 9.35% higher than November 2018.

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PTCL hosts its first ‘Digital Learning Hackathon 2019’

Pakistan Telecommunication Company Limited (PTCL) proudly hosts its first ever ‘Digital Learning Hackathon 2019’, at a special event organized at PTCL Academy in Islamabad. The initiative is launched to enhance capacity building of PTCL employees through introduction of the Harvard Manage Mentor (HMM), which is a globally recognized online learning program.

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Cargoes handling at KPT

08 Ships berthed and berthed at Karachi Port, while 04 Ships have sailed off from Karachi Port. The total cargo handled at Karachi Port during the last 24 hours closed at 158,716 Metric Tons

 

The breakup shows that the port has handled 51,912 Metric Tons of export cargo and 106,804 Metric Tons of import cargo during the said period.

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Bolts partners with Nust to develop transformer (Pmt) Health Monitoring System

BOLTS (Private) Limited has partnered with the National University of Sciences & Technology, Islamabad to develop a state-of-the-art Transformer Health Monitoring System.

Rear Admiral (Retd) Dr. Nassar Ikram, Pro Rector (RIC) NUST and Mr. Usama Qureshi, Chairman BOLTS (Private) Limited signed the agreement in Islamabad on 9th December 2019, in the presence of H.E Imran Khan, the Prime Minister of Pakistan, Chief of Army Staff Gen.

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Consulate General of Malaysia visits KATI

Consulate General of Malaysia Khairul Nazran Abd Rahman has said that we are working together with Pakistan working together with Pakistan on joint venture and technology transfer. He highlighted that Malaysian investors and tourists want to visit Pakistan and mentioned that the close proximity between the Prime Ministers of both countries also brings warmth in bilateral relations. 

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2nd Women Empowerment Awards

‘The Overseas Investors Chamber of Commerce and Industry (OICCI) and its member companies are role models for empowering women at the workplace and the corporate sector across Pakistan should follow the ‘OICCI Women’ initiative to foster economic growth of the country’, Governor Sindh, Imran Ismail, remarked while commending the efforts of foreign investors at the OICCI Women Empowerment Awards 2019 organized here in a local hotel.

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JazzCash monthly active subscribers cross 7 million

Emerging as the market leader for the third consecutive year, JazzCash proudly announces an active base that now stands at over 7 Million users. JazzCash is fast becoming the most popular and trusted digital financial services brand in Pakistan.

Transaction values have also increased by 42% compared to the previous year and have crossed the PKR 1 trillion mark; customers carried out 0.5 billion transactions through the service.

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President FPCCI urges for implementation of National Food Security Policy

Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) emphasized on the food security in Pakistan which has high linkage with human capital and strong economic implications. While highlighting the facts and figure of the Food and Agriculture Organization (FAO) of the UN, he added that high rate of malnutrition can cost to an economy around 3-4 percent of GDP and incase of Pakistan it is around US$ 7.6 billion every year.

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