FPCCI laments tight Monetory Policy

Syed Mazhar Ali Nasir, Sr. Vice President & Chairman Budget Advisory Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) referring to the raise in policy rate by 100 basis points (bps) to 7.50 percent per annum w.e.f 16th July 2018 has urged the Governor State Bank of Pakistan Tariq Bajwa to avoid contractionary monetory policy at this stage and ease it to control adverse effects of recession and sustaining the overall growth momentum.

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DP World signs agreement to boost international trade

An agreement to jointly construct a new ‘Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square metres has been signed between the global trade enabler and the Zhejiang China Commodities City Group, providing further impetus to China’s Belt and Road Initiative.

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Deputy Chairman Senate of Pakistan Saleem Mandviwalla visits KCCI

Chairman Businessmen Group & Former President KCCI Siraj Kassam Teli and Acting President KCCI Abdul Basit Abdul Razzak presenting crest to Deputy Chairman, Senate of Pakistan Saleem Mandviwalla during his visit to KCCI. Vice Chairman BMG & Former President Haroon Farooki, Former Presidents AQ Khalil and Shamim Ahmed Firpo, Junaid Esmail Makda, Khurram Shehzad, Asif Shaikh Javed, Ghani Usman and Muhammad Rafi are also seen in the picture.

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SBP seeks public comments for promotion of low cost housing finance

Housing sector in various economies serves as an engine of economic growth. It has the potential to generate employment, increase productivity, raise standard of living and alleviate poverty.

Pakistan, like other developing countries, has been facing shortage of housing units; and this basic human need is felt more profoundly at the bottom-of-the-pyramid comprising of the poor and financially under-served segments of the society.

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SBP uploads donor wise data about Diamer Bhasha and Mohmand Dams Fund on its webpage

State Bank of Pakistan has placed the donor wise and consolidated bank wise details of donation/contribution for each date starting from July 6, 2018 on its website. Now, the donors can check their donations/contributions towards the “Supreme Court of Pakistan’s Diamer Bhasha and Mohmand Dams Fund Account “on SBP website at http://www.sbp.org.pk/notifications/FD/DamFund/DamFund.htm.

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6th FPCCI Achievements Awards Ceremony

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex body representing Pakistan`s Industry and Services will hold its 6th FPCCI Achievement Awards Ceremony to recognize the services of organizations in different sectors contributing towards the progress and prosperity of Pakistan on Friday, 20th July, 2018 at Sindh Governor House Karachi.

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Zafar, UNDP representative discuss merger of FATA

Chief Technical Specialist, FATA Governance Project, UNDP Pakistan, Skye Christensen called on Federal Minister for Law and Justice Syed Ali Zafar here on Monday and discussed the issues pertaining to the merger of FATA/PATA into the Khyber Pakhtunkhwa.

Syed Ali Zafar said that the challenges beyond the amalgamation and unification will be handled carefully and the issues coming in this way will be resolved urgently and on priority.

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26 English-Language Teachers return from Six-Week Exchange in US

On July 15, the U.S. Embassy Regional English Language Office held an event for 26 English-language teachers returning to Pakistan after completing the six-week Teaching Excellence and Achievement (TEA) Program in the United States. The TEA Program provides secondary-school teachers with unique opportunities to develop expertise in their subject area, enhance their teaching skills and engage with American teachers and students.

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