The total liquid foreign reserves held by the Pakistan stood at US$17,067.0million on 11May2018.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$10,798.9million

Net foreign reserves held by commercial banks: US$6,268.1million

Total liquid foreign reserves             : US$17,067.0 million

During the week ending 11May2018, SBP’s reserves decreased by US$364million to US$10,799million.

Standard Chartered Bank (Pakistan) Limited (SCBPL) is the first Commercial Bank to obtain License to act as Securities Advisers for distribution of the units of Collective Investment Schemes and / or Voluntary Pension Funds by Securities and Exchange Commission of Pakistan (SECP).

Syed Mazhar Ali Nasir, Senior Vice President and Chairman, Budget Advisory Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has hailed the Finance Minister Dr. Miftah Ismail for allocating Rs. 24 billion in the budget for announcing the second round of export incentive package, before the end of his tenure, to further boost exports. 

A chat with Yazad Dalal, Head of HCM Cloud Applications, Oracle Asia Pacific on emerging trends in Human Resource Management, particularly challenges in employee engagement.

Q&A

What are the main employee engagement challenges or trends affecting businesses in Asia Pacific?

The job market and workforce makeup are changing rapidly across Asia Pacific.

Karachi: Engro Foods Limited is a key player in Pakistan Dairy industry. It has contributed substantially to the economy and proven its commitment to Pakistan, through various initiatives. From training the dairy farmers to uplift their livelihoods to attracting a major foreign investment of USD 486 million into Pakistan’s economy, by Royal Friesland Campina, the 6th largest dairy company globally.

In line with its commitment of facilitating passengers, the second national carrier of Pakistan – Shaheen Air International (SAI) has been awarded the ‘Best Airline’ for providing dedicated services during Hajj 2017. The award was granted to the Chairman of SAI – Kashif Sehbai, by the Ministry of Religious Affairs & Interfaith Harmony.

Karachi: As reported in the media, a tragic fire broke out on Friday, 11th May 2018 at the production facility of Waves factory Pakistan. By the grace of God Almighty and the timely protective measures taken by the administration, there were no casualties.

Karachi: Inspector General Police Sindh Allah Dino Khawaja told that 3000 more police personals would be inducted in the force in Ramzan to curb street crime in the holy month. He was addressing to a gathering of Industrialists and traders at Kornagi Association of Trade & Industry (KATI) on Wednesday.

A meeting ofHamdard Naunehal Assembly Karachi chapter was held yesterday on the theme: “Holy Ramazan and summer vacations”, comprised recitation of holy verses, na’at, speeches and dua-i-Said at a local hotel. Addressing the gathering of children, the Chief Guest, Managing Director and CEO, Hamdard Laboratories (Waqf) Pakistan, Usama Qureshi said that Pakistan faced serious threats of climate change and environmental pollution as Pakistan was among most vulnerable countries.

Ms. Kashmala Tariq, Federal Ombudsperson on harassment of women at workplaces held a meeting with Syed Mazhar Ali Nasir Sr. Vice President FPCCI and other Office Bearers of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) at FPCCI Head Office Karachi and inked an MoU for close cooperation, protection at workplace and implementation of anti-harassment laws in trade, industry and environment sector.

edotco Pakistan Private Limited has successfully obtained approval from the State Bank of Pakistan (SBP), allowing local lenders to fund the acquisition by edotco PK of Jazz’s portfolio of 13,000 tower assets currently under Deodar Private Limited (Deodar).

The above marks another one of the approvals related to the transaction steps on the acquisition.

Signify (Euronext: LIGHT), the world leader in lighting, has today launched its new company name, following the amendment of the company’s articles of association changing its name from Philips Lighting N.V. to Signify N.V. “The choice of our new company name originates from the way light becomes an intelligent language, which connects and conveys meaning,” said Eric Rondolat, CEO of Signify.

Telenor Microfinance Bank, Pakistan’s top microfinance institution, has joined hands with Careem, one of the most used and trusted ride-hailing services in the country, to begin rickshaw financing on easy installments. The partnership is in line with Careem and Telenor Microfinance Bank’s shared mission of empowering the people of Pakistan through new and easy income avenues while promoting economic and financial inclusion in the country.