Khushhalibank celebrates 18 years of Microfinance excellence

Pakistan’s largest microfinance bank, Khushhali Microfinance Bank (KMBL) celebrated its 18th anniversary on August 11, 2018. Inaugurated in 2000, Khushhali Microfinance Bank operates through a network of 158 branches and 28 service centers across Pakistan. Having serviced over 6 million loans to date, Khushhalibank takes pride in its legacy of providing access to finance to marginalized segment of the population, males and females alike, to invest in microenterprises for a better future and realize their economic potential.

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UIT students leave for 10-day Europe study tour

To expand their knowledge and to get hands-on experience of the industry, forty students from the Usman Institute of Technology have left for a 10-day study tour in Europe. During the tour, the students will visit the Mercedes plant, the BMW plant and the Philips Museum located in Germany, France and the Netherlands.

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BankIslami celebrates Independence Day by ‘Plantation for the Nation’

As Pakistan celebrates its 71 years of independence, BankIslami Pakistan Ltd, one of the leaders of Islamic Banking in Pakistan, has given a meaningful spin to the Independence Day celebrations through its ‘Plantation for the Nation’ campaign where Bank’s staff came out of offices and planted trees on a greenbelt situated at University Road, Karachi.

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Jul-18: Auto sales surge by 11% MoM to 26,000 units

PAMA has recently released the sales figure for the month of Jul-18, wherein total auto sales (excluding motorbikes) has surged by 11% MoM (4% YoY) to 26K units. During the month, sales of Buses, Cars, Pick-up augmented by 47%, 21%, and 6%MoM, while Jeeps, Trucks, Motorbikes and Tractors sales decreased by 46%, 29%, 5% and 1% MoM respectively.

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Pakistan Navy wins 2nd Parvez Abbasi Open Shooting Championship trophy

Pakistan Navy lifted the 2nd Parvez Abbasi Open Shooting Championship 2018 trophy securing Total of 63 Medals, out of which 20 gold, 24 Silver and 19 Bronze, followed by Pakistan Army secured 2nd position with 4 gold and 3 bronze. Sindh won 1 gold, 1 silver and 3 bronze as the tournament concluded on Sunday, August 12, 2018 at the Pakistan Navy Shooting Range, PNS Karsaz, Karachi. 

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Country’s leading executives participate in the eighteen CEO Summit Asia 2018

CEO Club Pakistan and Management House successfully organized the ‘EIGHTEEN CEO Summit Asia 2018’, Pakistan’s most anticipated event for the Business Community. The conference also saw the launch of the seventh international edition of the best- selling book ‘100 performing CEOs & Companies of Pakistan 2018’, which embraces hundred success stories of Pakistani CEOs working on national or international level, surmounting all the difficulties and casting a softer image of Pakistan on the global spectrum.

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FPCCI evolves recommendations for 2nd Round of PCFTA

Pakistan’s exports to China even under 2nd Phase of Pak-China Free Trade Agreement (PCFTA) will not increase until the tariff line offered by China to Pakistan’s competitors Bangladesh, Vietnam and India under ASEAN-China FTA is also made available to Pakistan as it is one of the major reason that Pakistan’s market in China has been eroded away.

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Pakistan’s Liquid Foreign Reserves Position on 03 Aug 2018

The total liquid foreign reserves held by the country stood at US$17,005.0million on 03 August2018.The break-up of the foreign reserves position is as under:-

  1. Foreign reserves held by the State Bank of Pakistan: US$10,369.1million
  2. Net foreign reserves held by commercial banks : US$6,635.9million
  3. Total liquid foreign reserves                :US$17,005.0 million

During the week ending 03August2018,SBP’s reserves increased by US$19million to US$10,369million.

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