26th HVACR Expo concludes successfully

As the 26th Pakistan HVACR and Building Services Expo & Conference reached its conclusion in Karachi, after featuring numerous insightful sessions, technologies and strategic discussions representing the potential of HVAC products and the skill set of Pakistan. This highly informative event received tremendous response from industry professionals, engineering students, domestic customers, media and the general public.

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PSO reports profit after tax of Rs. 4.2 billion in 1H FY19

The Board of Management (BOM) of Pakistan State Oil Company Limited (PSOCL) has reviewed the performance of the Company for first half of the financial year 2019 (1HFY19) in its meeting held on February 16, 2019.

The challenging economic trend in the country fueled by rupee devaluation and adverse balance of payment position resulted in negative growth of 27% in the cumulative liquid fuel market with negative contribution of white oil and black oil of 12% and 60% respectively.

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S.M. Muneer discusses Public Private Partnership in ship building

A Federation of Pakistan Chambers of Commerce & Industry (FPCCI) delegation led by its Former President &Ex Chief Executive of TDAP and consisting of Kazi Abdul Mukhtar, Former Governor, State Bank of Pakistan, Syed Mazhar Ali Nasir, Advisor to President FPCCI, Hanif Gohar, Vice President FPCCI Lahore, Zaki Ahmed Sharif, Chairman FPCCI Standing Committees(Central) on Reforms and Austerity Measures; Arshad Rahim Khan, ShakaibArif COO National Foods – on the invitation of Rear Admiral Ather Saleem, Managing Director Karachi Shipyard & Engineering Works (KSEW) visited KSEW and held an interactive session with its Senior Officers including all the General Managers, wherein the FPCCI delegates through a multi-media Presentation, were apprised of the existing performance, achievements, activities and future targets and goals.

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Gulf center for aviation studies receives NCEMA Accreditation

The Gulf Center for Aviation Studies (GCAS), is the training arm of Abu Dhabi Airports,has been successfully accredited by the UAE’s National Emergency Crisis and Disaster Management Authority (NCEMA) to deliver NCEMA developed Business Continuity Management (BCM) courses.

GCAS is the only aviation training provider in the UAE to offer NCEMA developed BCM courses.

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Arts Council of Pakistan condemns Indian’s writer & poet tweets

President Arts Council of Pakistan Muhammad Ahmed Shah has said that the behavior of Indian Poet and Writer Javed Akhtar about Pakistan is condemnable where the last lines of Shabana Azmi’s tweet regret us. “We believe that from Ameer Khusroo to Sahir Ludhianvi and Tegor, our tradition is common but the Indian Civil society and philosopher apart from this mission under the pressure of extremists, we didn’t cancel the Kefi Azmi conference at Arts Council of Pakistan but their denial canceled the conference”.

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Saudi investment in Pakistan will improve regional peace, prosperity and trade

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 Friday said that Pakistan and Saudi Arabia share brotherly ties which will boost will the visit of Saudi Crown Prince Muhammad Bin Salman.

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DP World increases water supplies to Berbera, Somaliland

Global trade enabler DP World has recently launched a new water distribution center that increased the water supply in Berbera, Somaliland, by 6o percent. The $1 million project started in 2018 and includes four water wells, two shallow pools, two water troughs, a concrete reservoir tank and 7.0 km pipeline connected to the main water supply.

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Pakistan’s Liquid Foreign Reserves Position


The total liquid foreign reserves held by the country stood at US$14,895.8million on 08February2019.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$8,205.9million

Net foreign reserves held by commercial banks : US$6,689.9million

Total liquid foreign reserves             :US$14,895.8 million


During the week ending 08February2019, SBP reserves increased by US$13 million to US$8,205.9 million.

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Chinese envoy meets PM; says next CPEC stage to focus on investing, buying more from Pakistan

Chinese Ambassador in Pakistan Yao Jing Thursday met Prime Minister Imran Khan and said the next stage of China Pakistan Economic Corridor (CPEC) would focus on investing and buying more form Pakistan.

The ambassador updated the prime minister on the CPEC projects and said Pakistan and China were the closest friends and partners, a PM Office statement said.

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FPCCI appointed Umer Rehan convener of standing committee on Vegetable Oil & Ghee

Umer Rehan has been appointed Convener of Central Standing Committee of FPCCI on “Vegetable Oil & Ghee”. According to notification released by President of Federation of Chambers of Commerce & Industry (FPCCI) Engineer Daro Khan Achakzai, Umer Rehan appointed for the office and he will choose the nine members for the committee of related sectors.

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All Karachi College Speech Competition Held at UIT

Usman Institute of Technology (UIT) affiliated with NED University of Engineering & Technology, Karachi, recently organized the ‘All Karachi Speech Competition’ at the UIT campus. The competition was held to show solidarity with the people of Kashmir. Students from 15 different colleges participated in the competition from across the metropolis.

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ATF will be held from 12 – 14 June, 2019 in South Africa

According to Messe Frankfurt Pakistan, Africa’s largest International Apparel, Textile and Footwear Trade Exhibition (ATF), will be held from 12 – 14 June, 2019 at Cape Town International Convention Center, South Africa. The main objective of ATF is to offer foreign manufacturers as well as local importers and service providers in these industries the opportunity to meet Southern African buyers.

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