Pakistan’s liquid foreign reserves position

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.

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FPCCI appreciates consistent efforts of Dr. Miftah Ismail for boosting exports

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. 

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PDA delegation and Engro Foods management meet the Finance Minister

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.

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Waves going strong even after the fire

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.

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IGP Sindh visits KATI

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.

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Grow trees to fight adverse effects of climate change: Usama Qureshi

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.

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FPCCI and Federal Ombudsperson on harassment ink an MoU at FPCCI

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.

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Philips lighting becomes Signify

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.

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Telenor Microfinance Bank joins hands with Careem for rickshaw financing

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.

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