Corruption raises cost of doing business by at least 20 percent in Pakistan: Altaf Bawany

Director General of National Accountability Bureau (NAB) Sindh Mohammad Altaf Bawany, while referring to a recent international research study, stated that corruption raises the cost of doing business by 10 percent in many countries around the world but in Pakistan’s case, this corruption raises the cost of doing business by at least 20 percent.

Read the rest

Telenor celebrates International Women’s Day

International Women’s Day was celebrated today at Telenor’s 345 campus to commemorate the vital role of women in the society. The event spread over panel discussion with female leaders and an emerging entrepreneur, primarily focusing on ‘Empowering Women’. A Free medical checkup for females along with a health seminar was also organized to help raise awareness on female health.

Read the rest

Pakistan’s liquid foreign reserves position on March 02

According to State Bank of Pakistan, the total liquid foreign reserves held by the country stood at US$18,329.2 million on 02March2018.The break-up of the foreign reserves position is as under: –

Foreign reserves held by the State Bank of Pakistan: US$ 12,233.2 million

Net foreign reserves held by commercial banks: US$ 6,096.0 million

Total liquid foreign reserves                 : US$ 18,329.2 million

During the week ending 02March2018, SBP’s reserves decreased by US$113 million to US$12,233 million, due to external debt servicing and other official payments.

Read the rest

USAID and Pakistan Partner to Streamline Trade and Customs Procedures

The United States Agency for International Development (USAID) and the Government of Pakistan’s Federal Board of Revenue partnered to host a two-day conference on the establishment of a National Single Window (NSW) for trade. The NSW will allow parties involved in trade and transport to file standardized information and documents at a single entry point for all import, export, and transit-related regulatory requirements.  

Read the rest

Khushhali Microfinance Bank holds a free-of-cost Training to celebrate Women’s Day

As part of their Women’s Day celebration, Khushhali Microfinance Bank conducted a free of cost training for the budding female entrepreneurs to equip them with marketable skills that can help them create and engage in home-based income generating activities. The bank is always actively working towards identifying empowerment opportunities for women so they can excel as professionals, support their families and break down societal barriers. 

Read the rest

Engro Foundation applauds change agents – 2017 “I Am The Change” award winners announced

Engro Foundation announced the recipients of the I Am The Change (IATC) awards for 2017 in a ceremony held today amid the presence of various development specialists, multilateral organizations, corporate executives and the senior management of the Engro group.

IATC looks to empower organizations to make a large and sustainable impact in the social sector of Pakistan by aiding institutions that have joined forces in a relentless pursuit of shaping a better tomorrow, as they strive for change through long-term investments in the two areas of Social Development (in the case of Not-for-profit Organizations) and Social Enterprise.

Read the rest

President FPCCI visits to Iran

A delegation from FPCCI under the leadership of Mr. Ghazanfar Bilour (President FPCCI & ECO-CCI) is currently in Tehran, Iran to attend the 16th General Assembly Meeting, 24th Executive Committee Meeting, and Specialized Committee Meetings from 3-5 March 2018 organized by Economic Cooperation Organization Chamber of Commerce & Industry (ECO-CCI).

Read the rest

Commercial and Economic Consellor of Iran visits KCCI

President Karachi Chamber of Commerce & Industry Muffasar Atta Malik presenting crest to Commercial and Economic Consellor of Islamic Republic of Iran Hamid Reza Nazarati Zadeh during his visit to KCCI. Senior Vice President KCCI Abdul Basit Abdul Razzak, former President Majyd Aziz, former SVP Muhammad Ibrahim Kasumbi and Members of Managing Committee KCCI are also seen in the picture.

Read the rest

Trade Chronicle Latest Edition

Subscription Rates

Annual Rs. 1,000/- and Foreign by Air Mail $75/-

Click here for Subscription