Reducing cost of doing business in export sector is vital to increase exports: Mian Zahid Hussain

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 Friday said that performance of PTI lead government in first 100 days have been better in social sector, however, for economic stability of Pakistan a lot of efforts are needed.

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UIT announces results of NAVTTC program

Usman Institute of Technology (UIT) affiliated with NED University of Engineering & Technology, Karachi. UIT recently announced the results of its National Vocational & Technical Training Commission (NAVTTC) program which was conducted and organized at UIT.

It is worth mentioning that in the NAVTTC program the recent final exam result indicates that the Industrial Electrician group scored 3 A+’s students and out of the 22 students and no one scored below B grade.

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SBP policy (target) rate increased by 150 bps to 10.0 percent effective from 3rd December 2018

The economic data released since the last Monetary Policy Committee meeting in September 2018 shows that the positive impact of recent stabilization measures has started to materialize gradually. Particularly, the current account deficit is showing early signs of improvement. However, the near term challenges to Pakistan’s economy continue to persist with rising inflation, an elevated fiscal deficit and low foreign exchange reserves.

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Pakistani , expressed support for enhancing trade and economic linkages amongst the Asian countries

A Parliamentary delegation led by Senator Muhammad Ali Saif, expressed support for enhancing trade and economic linkages amongst the Asian countries during the inaugural ceremony of the 11th Plenary Session of Asian Parliamentary Assembly (APA) being held at Istanbul, Turkey. The inaugural session was attended by Speakers of the Parliaments of Turkey and Iran as well as a large number of Parliamentary delegations.

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KATI congratulates for successful 2018 IDEA expo

Korangi Association of Trade & Industry (KATI) congratulated federal, provincial governments, Armed forces of Pakistan and LEAs on the successful 2018 Ideas expo. In a joint statement released by Patron in Chief of KATI SM Muneer, Acting President Faraz-ur-Rehman, Chairman/CEO KITE Zubair Chhaya and Vice President Maheen Salman said that this successful event helped to portray a positive image of the country and advancement in defense technology.

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Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$14,572.6 million on 23November2018. The break-up of the foreign reserves position is as under:

Foreign reserves held by the State Bank of Pakistan : US$ 8,062.4 million

Net foreign reserves held by commercial banks : US$ 6,510.2 million

Total liquid foreign reserves               : US$ 14,572.6 million

During the week ending 23November2018, SBP’s reserves increased by US$776 million to US$8,062.4 million, due to official bilateral inflow.

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IDEAS became the most successful exhibition of defence products worldwide: Mian Zahid Hussain

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 said that International Defence Exhibition and Seminar (IDEAS) has now become the most successful exhibition of defence products worldwide.

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ISL Artists in Residence Program to be recognized at the European Parliament!

The Corporate Art Awards 2018 are scheduled to be held on the 29th of November in Brussels at the European Parliament. International Steels Limited “ISL”, a winner of the 2017 Awards, is one of only 6 of previous year’s honorees who have been invited to be recognized on the European Union platform for their contribution towards promoting art in the corporate world.

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Faraz-ur-Rehman assumed charge of KATI’s acting president

The Senior Vice President of Korangi Association of Trade & Industry (KATI) has assumed the office as acting President of KATI. According to a statement released by KATI, while President of KATI Mr. Danish Khan would be out of country from 28 November to 7th of December, during the period Faraz-ur-Rehman will perform his responsibility as acting president.

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Rohde & Schwarz presents solutions for secure communications at IDEAS 2018

The German-based Rohde & Schwarz group will present its state-of-the-art secure communications products and systems in Karachi. The electronics group, headquartered in Munich (Germany), has a global presence and is among the world market leaders in its established business fields. In the field of secure communications, the company is displaying SCA-compliant software-defined radios with high-data rate waveforms and VoIP-based communications solutions for naval platforms and for air traffic control (ATC).

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Privatisation Commission launches e-office program

In order to ensure efficiency and improve performance by officers at all levels, Privatisation Commission has started implementation E-Office program in line with government’s priorities and polices.

Mr. Rizwan Malik, Secretary Privatisation Commission inaugurated the E-office system in Privatisation Commission on November 28, 2018 in presence of Federal Minister for Privatisation Commission.

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President KCCI slams political parties, bureaucrats for Karachi’s encroachment issue

President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda, while referring to the ongoing massive anti-encroachment drive in the city, strongly slammed political parties and bureaucrats, who remained in Sindh government from time to time during the past 25 to 30 years and also all the relevant departments as they are also equally responsible for the encroachment issue.

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