Imran Ismail announces formation of Governor-KCCI Liaison Committee

Acknowledging President Karachi Chamber’s suggestion, Governor Sindh Imran Ismail Saturday announced formation of Governor-Karachi Chamber Liaison Committee with immediate effect which would address the issues being faced by the business & industrial community of Karachi.

Speaking at a meeting during his visit to Karachi Chamber of Commerce and Industry (KCCI) Imran Ismail said, “The Terms of Reference (TORs) for this Committee will be finalized in consultation with Karachi Chamber in which Presidents of all other trade bodies will also be given representation and it will personally be headed by myself.

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PTCL & SAP drive Pakistan’s business transformation on the cloud

Pakistan Telecommunication Company Limited (PTCL) signed a Memorandum of Understanding (MoU) with SAP, a global technology company, to enhance Cloud-based digital business transformation, vital for enabling Pakistan Vision 2025, especially in agriculture, banking & education sector.

The MoU was signed at PTCL HQs in Islamabad by Adil Rashid, Chief Business Services Officer, PTCL and Saquib Ahmad, Managing Director, SAP Pakistan.

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DC Korangi visits KATI

Deputy Commissioner Korangi Quratul AinMemon called on Korangi Association of Trade & Industry (KATI). President KATI Danish Khan, Chairman & CEO KITE Zubair Chhaya, Senior Vice President Faraz-ur-Rehman, Vice President Maheen Salman and Former President Farhan-ur-Rehman welcomed the DC at KATI headquarters.

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SALAMAIR expands its Network with four new destinations

SalamAir, Oman’s first budget airline was launched in 2016 to meet the country’s rapidly increasing demand for affordable travel options and to generate further opportunities for employment and business creation within the various sectors in Oman.

SalamAir recently added direct flights to Khartoum, Kathmandu, Najaf and Dhaka to its expanding network.

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U.S. Mission’s Youth Festival celebrates next generation

Two hundred students and young professionals from across Pakistan gathered at the “Good for Youth—Good For Pakistan” festival on October 4th, sponsored by USAID Pakistan. The festival brought together some of the brightest members of Pakistan’s next generation to exchange ideas about the country’s future and their role in shaping it.

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Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$14,893.2million on 28September2018.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$8,408.5million

Net foreign reserves held by commercial banks : US$6,484.7million

Total liquid foreign reserves : US$14,893.2 million

During the week ending 28September2018,SBP’s reserves decreased by US$627million to US$8,409million, due to payments on account of external debt servicing.

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Jazz offers discounts with Booking.com

Jazz, Pakistan’s leading digital communications company is offering its subscribers a chance to get discounts of up to 10% on accommodation reservations made through Booking.com – the global leader in connecting travelers with the widest choice of incredible places to stay.

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The prestigious Tank Storage Asia exhibition and conference concludes

Tank Storage Asia, the exhibition and conference dedicated to the Asian tank terminal and storage industry ended on a high last week. Attended by delegates from across the South East Asian region, the two-day conference featured in-depth discussions and panel debates focused on the terminal market, International Maritime Organization (IMO) 2020 regulation and technological innovations across the industry.

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USAID hosts renewable energy zone workshop

USAID hosted seventy energy experts from across the country to learn about the potential for developing Renewable Energy Zones in Pakistan. The goal of the two-day technical workshop was to introduce innovative and effective concepts for expediting and scaling up the commercial deployment of renewable energy projects that will make it possible to leverage the abundant reserves of solar, wind, biomass, and hydroelectric potential in this country.

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The State of Housing Finance in Pakistan

By Ali Akbar Ghanghro

Housing is a fundamental need whose provision can ensure a minimum standard of welfare for a family unit. Indeed, it has been recognized as such through the “Universal Declaration of Human Rights” and its reaffirmation at the 1996 UN Habitat Conference through the “Adequate Shelter for All” slogan.

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