Mahvash and Jahangir Siddiqui Foundation support first national Pavilion at Venice Biennale

The Mahvash and Jahangir Siddiqui Foundation was a primary supporter of the Pakistan’s first official Pavilion at the La Biennale di Venezia (Venice Biennale), 2019. The world’s oldest and most prestigious international art exhibition, the biennale is a six month long contemporary visual art exhibition and host a large number of prominent individuals from all walks of life.

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PTCL bridging the gap by connecting Pakistan

Pakistan Telecommunication Company Limited celebrates the 50th anniversary of World Telecommunication and Information Society Day, which has been celebrated annually since 1969. The theme for this year is ‘Bridging the Standardization Gap’. PTCL has gone through massive transformation since its inception and is now focused to provide a digital lifestyle, along with innovative telecom services to customers as well as the businesses in Pakistan.

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ACCA, Atlas Copco to promote sustainable business practices, develop talent for digital future

ACCA and Atlas Copco Pakistan have agreed to work together for the promotion of sustainable business practices in Pakistan. Both the organisations will be collaborating to develop future-ready talent to meet the requirements of a digital age.

The focus of their partnership will be to train a new generation of professional accountants who possess a right blend of digital, technical, ethical, strategic and professional skills to meet the future needs and demands of the increasingly digitised profession.

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Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$15,894.4 million on 10 May2019.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan : US$ 8,845.6 million

Net foreign reserves held by commercial banks : US$ 7,048.8 million

Total liquid foreign reserves                  : US$ 15,894.4 million

During the week ending 10May2019, SBP’s reserves decreased by US$138 million to US$8,845.6 million, due to external debt servicing and other official payments.

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PSAA urges government to curb under /over invoicing, mis-declaration and smuggling in country

Pakistan Ship’s Agents Association (PSAA) has urged government to curb menace of under /over invoicing, mis-declaration and smuggling, which is badly impacting country’s economy. As everybody in the country knows that this menace is causing massive losses to the exchequer of Pakistan and also resulting in bad name for our beloved country Pakistan.

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KE defeats NBP in 7th Corporate T20 Cup

K-Electric (KE) defeated National Bank of Pakistan (NBP) by 51 runs in their second match of the 7th Corporate T20 Cup, held at Moin Khan Academy, Karachi. A score of 56 runs by Ramiz Aziz, who was well supported by Umair Yousuf with 35 runs, enabled KE to set a respectable target of 172 runs.

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OICCI hails appointment of Shabbar Zaidi as Chairman FBR

The Overseas Investors Chamber of Commerce and Industry (OICCI), has appreciated the appointment of well-known tax expert Shabbar Zaidi as Chairman of the Federal Board of Revenue (FBR).

The OICCI President, Shazia Syed commenting on the appointment said “Mr. Shabbar Zaidi, is a well-respected tax professional, who has been closely associated with tax policy and administration in Pakistan for many years.

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New President of BCMA

Md Alamgir Kabir, managing director of Crown Cement Concrete and Building Products, has been elected the new president of Bangladesh Cement Manufacturers Association, or BCMA, for the session 2019-20 and 2020-21.

Md Shahidullah, managing director of Metorcem Cement Ltd & chairman of Metrocem Group, and Zahir Uddin Ahmed, managing director of Confidence Cement, have also been elected the first and second vice-president of the BCMA respectively.

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