Hamdard Pakistan will celebrate Independence Day – 14th August 2018 globally by displaying the National Flag on big screens at Eaton Square, Toronto in Canada with animation of its flagship product – Rooh Afza, the most popular syrup of the East, on Independence Day.
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.
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.
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.
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.
Pakistan State Oil’s Headquarter in Karachi gives a patriotic look with illumination depicting the Company’s love for the nation and its flag. The special lighting decor at this iconic building is done every year as part of the Pakistan Independence Day Celebrations.
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.
JazzCash has achieved yet another milestone by achieving four million active Mobile Account subscribers. In addition, transaction values have increased significantly crossing the PKR 350 billion mark during the first six months of the current year – 85% increase compared to the corresponding period last year.
Overseas Pakistani workers remitted US $ 1929.76 million in the first month (July) of FY19 as compared with US $ 1541.67 million received during the same period in the preceding year. During July 2018, the inflow of worker’s remittances amounted to US $ 1929.76 million, which is 21.03% more than June 2018 and 25.17 more than July 2017.
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.
Governor State Bank of Pakistan (SBP), Mr. Tariq Bajwa urged banks to bring qualitative shift in agricultural financing by adopting innovative techniques for provision of easy and swift credit to small farmers. While chairing the Agricultural Credit Advisory Committee (ACAC) he shared that agricultural credit is one of the top priorities of government.
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.
A fishing boat “Muhammad Shah Bukhari” with 22 fishermen on board was reported to be found sinking off near the entrance of Karachi Port around 0830 hours the morning. SOS situation immediately responded by KPT Crisis Management Cell (CMC) and KPOC.
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:-
- Foreign reserves held by the State Bank of Pakistan: US$10,369.1million
- Net foreign reserves held by commercial banks : US$6,635.9million
- 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.