The banking sector has remained sound and stable in Q3CY17, says the 3rd QPR of the Banking Sector

The Quarterly Performance Review (QPR) of the Banking Sector for the quarter ended 30th September, 2017, has been released by SBP today. As highlighted in the report, less than normal seasonal fall in advances along with improved liquidity and strong solvency – well above the minimum benchmark – are the key highlights of the 3rd quarter of CY17.

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Overseas Pakistanis remit US $8 billion in the first five months of FY18

Overseas Pakistani workers remitted US $8021.18 million in the first five months (July to November) of FY18, compared with US $7919.74 million received during the same period in the preceding year.

During November 2017, the inflow of worker’s remittances amounted to US $1576.72 million, which is 4.7% lower than October 2017 and 2.6% lower than November 2016.

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UMA – 16th CEO Summit Asia & Leadership Award Ceremony 2017 held

Governor Sindh Honorable Mohammad Zubair said the world is witnessing Pakistan as important player in the region with the Chinese mega investment plans which will integrate country closer to Central Asian countries with a strategic role. He was speaking as a chief guest at “United Marine Agency (UMA) – 16th CEO Summit Asia & Leadership Award Ceremony 2017” & “Book Launch 100 Performing CEOs, Leaders & Companies of Pakistan 2017” organized by CEO Club Pakistan & CEO Today Magazine held on Monday at a local hotel.

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International students visit Pakistan High Commission under – The Model Asem Singapore Spin-Off 2017 Programme

A group of international students visited the Pakistan High Commission for Singapore under the Model ASEM Singapore Spinoff 2017. Mr. Nasrullah Khan, High Commissioner, who is also Pakistan’s Asia Europe Foundation (ASEF) Governor, gave a comprehensive briefing to the students on Pakistan- Singapore bilateral relations.

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Ambassador of Iran visits FPCCI

Mr. Zubair F. Tufail, President FPCCI is Presenting FPCCI Crest to H.E. Mahdi Honardost, Ambassador of Iran, H.E. Ahmed Mohammadi, CG of Iran, Mr. Ishtiaq Baig, Vice President FPCCI, Mr. Saqib Fayyaz Magoon, Vice President FPCCI, Mr. Mukhtar Ahmed Butt, Director General Administration FPCCI and others also seen in the picture.

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Mayor of London Office tours tech startup colwiz

As part of a mission to the region promoting post-Brexit business, delegates from the Mayor of London’s Office visit Karachi hub of London-backed startup colwiz. London-Karachi collaboration: colwiz Founder Tahir Mansoori with his team of talented engineers and designers and the Deputy Mayor of London, Rajesh Agrawal.

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Upgrading core Banking system

State Bank of Pakistan is upgrading its core banking system from Globus to T24R15. The system provides automation services required by the SBP to discharge its role as Banker to the Government and other banks/financial institutions. The system upgrade will provide software enhancements in the form of improved quality, security, reliability, performance as well as newer features and functionalities.

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3-day 19th Shaheed Hakim Mohammed Said memorial inter-school football championship begins

The 3-day 19th Shaheed Hakim Mohammed Said Memorial Inter-School Football Championship Tournament 2017 has started on Tuesday December 5, 2017 under the ages of Hamdard Public School at Bilawal Stadium, Madinat al-Hikmah, Karachi. Three matches were played on first day the Elixir School v/s Hamdard Village School; Hamdard Public School v/s Usman Public School and Karachi Public School v/s H.B.

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