President FPCCI underscores the need to enhance intra-OIC trade

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.

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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.

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PTCL Partners with Daraz to offer exclusive shopping vouchers to its customers

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.

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Jazz Partners with Oxfam in Pakistan to digitally empower young women

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.

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PQFTL Easy Takaful now available online

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.

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Access to Direct Financing for Businesses in Poultry Industry Made Easier By the UK Funded Karandaaz

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.

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AMI School to promote inclusive learning

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.

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State Bank renews status of VIS and PACRA

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.

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Customers need not worry about their Huawei devices

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.

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Briefing on alleged forced conversions & trafficking of minority women

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.

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CDC once again reduces its Tariff Structure

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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