KATI urged to focus on SMEs and Entrepreneurship

President of Korangi Association of Trade & Industry (KATI) Tariq Malik has urged the government to focus on Small & Medium-sized Enterprise (SMEs) and Entrepreneurship for economic growth. In a statement released by KATI, he said that developed economies promoted small industry and concept of entrepreneurship to fight back their economic challenges and boost investments.… Continue

National Bank of Pakistan upgrades Custom House branch

National Bank of Pakistan (NBP) has upgraded its Custom House branch to a modern facility to provide high quality and efficient services to its customers. NBP has been proactively working on its branch banking infrastructure to improve its systems and provide service of excellence to its customers which is in line with its vision of being the nation’s bank.… Continue

Zubair Motiwala lauds Secretary Commerce’s initiatives to improve ease of doing business

Chairman Pakistan Afghanistan Joint Chamber of Commerce & Industry (PAJCCI), Zubair Motiwala acknowledged Mohammad Younus Dagha, Secretary Commerce for his efforts in streamlining economic friendly policies along with constant engagement with private sector stakeholders for effective implementation of the same for improving trade quantum of Pakistan.… Continue

PFMA makes arrangement for the Mega Leather Show 2018

The Chairman of Pakistan Footwear Manufacturers Association (PFMA) – Mr. Farrukh Saleem and Senior Vice-Chairman PFMA – Mr. Abid Hafeez met the Prime Minister’s Advisor for Finance – Mr. Miftah Ismail, inviting him to be the Chief Guest at the inauguration ceremony of the upcoming 4thPakistan Mega Leather Show (PMLS18) scheduled to be held on 27th of January, 2018.… Continue

90,000 New Connections provided by K-Electric

K-Electric installed 90,000 New Connections during the financial year 2017-18 (July 2017 to date) including the installation of 63,000 meters at low-cost for underprivileged customers. The power utility, in line with its customer-centric approach and focus on continuous process improvement, has also streamlined the process of acquiring new power connections last year by making the application process faster, simpler and readily available at 29 locations across the city.… Continue

Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$20,020.0 million on 05January2018.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$ 13,982.5 million

Net foreign reserves held by commercial banks : US$ 6,037.5 million

Total liquid foreign reserves                  : US$ 20,020.0 million

During the week ending 05January2018, SBP’s reserves decreased by US$124 million to US$13,983 million, due to external debt servicing and other official payments.… Continue

Hakim Said remembered as the torch bearer of education and knowledge

Speakers at the meeting of Hamdard Naunehal Assembly Karachi chapter paid rich tribute to Hakim Mohammed Said and said that he was a torch bearer of education and knowledge in the country. The meeting comprised speeches, tableau and dua-i-Said, was held yesterday on the theme: “Shaheed Hakim Mohammed Said’s educational services and 25 years of Hamdard Universisty” at Bait al-Hikmah auditorium, Madinat al-Hikmah, Karachi.… Continue

Richard Morin joins PSX as CEO

Mr. Richard Morin joined Pakistan Stock Exchange Limited [PSX] as CEO from January 11, 2018 after following the due process prescribed under law. After acquiring 40% equity stake by Chinese Consortium and Self-listing of PSX, PSX is being headed for the first time by a foreign national having good command of capital markets.… Continue