Cargo handling activities of Karachi Port

According to Karachi Port Trust, three ships berthed at port, their details are given below.

  1. NORTHERN DEXTERITY            CONTAINER SHIP    
  2. NAVIOS UNISON            CONTAINER SHIP
  3. M.T.QUETTA                TANKER

 

While, four ships have sailed off from Karachi Port, their details are given below.

  1. CMA CGM BUTTERFLY
  2. TOTONNO BOTTIGLIERI
  3. MOL GATEWAY
  4. XIN MEI ZHOU

Cargo Handling Turnover

 

The total cargo handled at Karachi Port during the last 24 hours closed at 115,422 Metric Tons.

Read the rest

Pakistan’s liquid foreign reserves on the rise

The total liquid foreign reserves held by the country stood at US$15,577.5 million on 09August2019. The break-up of the foreign reserves position is as under:-

  • Foreign reserves held by the State Bank of Pakistan : US$ 8,264.4 million
  • Net foreign reserves held by commercial banks : US$ 7,313.1 million
  • Total liquid foreign reserves             : US$ 15,577.5 million

During the week ending 09August2019, SBP’s reserves increased by US$535 million to US$8,264.4 million.

Read the rest

PARCO Oil takes legal course to curb oil pilferage

PARCO Oil Pipelines starting from Karachi to Macchike near Sheikhupura are National Assets and play pivotal role in national economy. PARCO Management takes extensive measures for Pipelines’ security and strongly pursues Pipelines’ litigation cases related to Oil Pilferage.

On July 17, 2019 Honourable Senior Civil Judge Criminal Division, Rajanpur pronounced conviction of seven (7) years with fine of Rs.

Read the rest

PM Imran’s stance over Kashmir lauded: 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 Friday lauded Prime Minister Imran Khan’s speech on Kashmir crisis. The PM’s speech was according to the aspirations of people of Pakistan and Kashmir while the COAS statement in which he has reassured to standby Kashmir has boosted the morale of people and put rumours to the rest, he said.

Read the rest

KE grieved over incidents; remains committed to serving customers

K-Electric is deeply saddened by the unfortunate incidents which occurred during the recent torrential rain and sympathises with the affected families. KE is extending full cooperation in the investigation process with various stakeholders including NEPRA. The power utility reiterates that it remains committed to Karachi and will undertake required remedial measures in light of the investigation results.

Read the rest

PTCL celebrates Independence Day across Pakistan

Pakistan Telecommunication Company Limited (PTCL) celebrated Pakistan’s Independence Day on August 14, 2019 across Pakistan, with various activities and ceremonies, where PTCL employees exhibited their love and solidarity for Pakistan.

To celebrate the Independence Day, a special flag hoisting ceremony took place at 8:55 am which was followed by prayers for the prosperity of the country.

Read the rest

Berger Paints attains ACCA Pakistan’s approved employer status

Berger Paints has become the most recent addition to the ACCA (Association of Chartered Certified Accountants) Approved Employer Programme. With this partnership both the organisations will work together for promoting business ethics, professionalism and developing talent for the future. This milestone also reflects company’s commitment to tax compliance and transparency, as well as improvements in its governance and vision.

Read the rest

IMC donates Rs 7.5m to SIUT

Toyota Indus Motor has released a Corporate Philanthropy of 75 lakh rupees to the Sindh Institute of Urology and Transplantation (SIUT) to help them become more effective because they have unique assets and capability in providing quality treatment and transplantation to people suffering from renal diseases.

Read the rest

Update of Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$15,020.2 million on 02August2019.The break-up of the foreign reserves position is as under:-

  1. Foreign reserves held by the State Bank of Pakistan : US$ 7,729.1 million
  2. Net foreign reserves held by commercial banks : US$ 7,291.1 million
  3. Total liquid foreign reserves              : US$ 15,020.2 million

During the week ending 02August2019, SBP’s reserves decreased by US$38 million to US$7,729.1 million, due to external debt servicing and other official payments.

Read the rest

Trade Chronicle Latest Edition

Subscription Rates

Annual Rs. 1,000/- and Foreign by Air Mail $75/-

Click here for Subscription

Archives

6th Pakistan Mega Leather Show