Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) expressed his serious concern on low level of trade among OIC countries which is just 9 percent of total trade of OIC countries despite close geographical proximity, religious and cultural ties and similarities and available of natural and manmade resources.
The total liquid foreign reserves held by the country stood at US$15,089.8 million on 24May2019.The break-up of the foreign reserves position is as under:-
Foreign reserves held by the State Bank of Pakistan : US$ 8,010.2 million
Net foreign reserves held by commercial banks : US$ 7,079.6 million
Total liquid foreign reserves : US$ 15,089.8 million
During the week ending 24May2019, SBP’s reserves decreased by US$47 million to US$8,010.2 million, due to external debt servicing and other official payments.
Pakistan Telecommunication Company Limited (PTCL), the country’s largest telecom services provider, collaborated with Daraz, Pakistan’s biggest e-commerce platform, to offer exclusive Daraz shopping vouchers to PTCL customers.
This initiative provides discounts to PTCL customers, who are new to Daraz, and PTCL users who are already customers of Daraz, on purchases made through Daraz website and Daraz App.
Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has shown his serious concern over the declining of Foreign Direct Investment (net) in Pakistan which stood at US$ 1.3 billion in the first ten month of FY19 compared to US 2.8 billion last year same period.
In an effort to digitally empower Pakistan’s youth, Jazz, the country’s leading digital communications company and Oxfam in Pakistan, a leading international development organization have agreed to collaborate. The partnership will result in the expansion of a number of socioeconomic opportunities, especially for young adolescent girls, to create a more inclusive digital environment for future generations.
Pak-Qatar Family Takaful proudly announces the launch of its online instant subscription Easy Takaful plans via Pak-Qatar Family Takaful official website. Pak-Qatar Family Takaful is one of the first in the entire industry to launch such offering.
This launch is aligned with Pak-Qatar Takaful group vision of providing financial protection through Takaful to everyone.
Uber, the global ride-hailing giant connecting riders to drivers, has continued its drive to empower women athletes, especially cricketers in Pakistan. Recently, Uber partnered with KheloKricket, a social hub for local cricketers that works towards the development of the game and the recognition of local players on a grassroots level.
Improved access to finance for small businesses related to poultry industry in Pakistan has been announced by the UK’s Department for International Development (DFID) funded Karandaaz through a partnership with JSK Feeds Limited.
JSK, an associated concern of the Saif Group, currently procures a considerable portion of its raw material for poultry feed manufacturing from the small farmers.Direct financing through a medium term loan will enable JSK Feeds to develop its supply chain by fundingits small and medium sized maize crop farmers to purchase farm inputs.
Over the past five years, The AMI School has been a crucial partner in a collaborative Action Research project, along with the Occupational Therapy departments at Brunel University, London and Dow University of Health Sciences, Karachi. Through this inter-professional collaboration, the teachers involved in the project have become highly skilled researchers and peer educators for their colleagues.
State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible / recognized External Credit Assessment Institutions for the calendar year 2019.
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 Wednesday lauded the decision of the Prime Minister Imran Khan to nail gas thieves.
There has been a lot of speculations and news regarding Huawei and the US Government over the past couple of days. Much like any other hot topic, it comes with a fair amount of assumptions, misinformation and miscommunication. Huawei has risen to being the second largest smartphone maker in the world which is also the spot it enjoys in Pakistan currently.
The People’s Commission for Minorities Rights (PCMR) in collaboration with the Centre for Social Justice held a media briefing in Islamabad on the recent spate in cases of Forced Conversions &marriages and trafficking of Minority Women.
Recent cases in Punjab and Sindh have re-triggered concerns within the civil society and religious minorities about the urgent need to undertake practical measures for the prevention & elimination of manipulated faith conversions involving different types of human rights violations and heinous crimes.
Central Depository Company of Pakistan Limited has reduced its tariff structure in the larger interest of the public and to support the stock market. As the infrastructure backbone of Pakistan Capital Market, CDC’s main objective is to provide efficient and cost effective services to all its customers and promote ease of doing business.
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