Magazine Features

Saudi investment in Pakistan will improve regional peace, prosperity and trade

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Friday said that Pakistan and Saudi Arabia share brotherly ties which will boost will the visit of Saudi Crown Prince Muhammad Bin Salman.

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DP World increases water supplies to Berbera, Somaliland

Global trade enabler DP World has recently launched a new water distribution center that increased the water supply in Berbera, Somaliland, by 6o percent. The $1 million project started in 2018 and includes four water wells, two shallow pools, two water troughs, a concrete reservoir tank and 7.0 km pipeline connected to the main water supply.

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Pakistan’s Liquid Foreign Reserves Position

 

The total liquid foreign reserves held by the country stood at US$14,895.8million on 08February2019.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$8,205.9million

Net foreign reserves held by commercial banks : US$6,689.9million

Total liquid foreign reserves             :US$14,895.8 million

 

During the week ending 08February2019, SBP reserves increased by US$13 million to US$8,205.9 million.

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Chinese envoy meets PM; says next CPEC stage to focus on investing, buying more from Pakistan

Chinese Ambassador in Pakistan Yao Jing Thursday met Prime Minister Imran Khan and said the next stage of China Pakistan Economic Corridor (CPEC) would focus on investing and buying more form Pakistan.

The ambassador updated the prime minister on the CPEC projects and said Pakistan and China were the closest friends and partners, a PM Office statement said.

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FPCCI appointed Umer Rehan convener of standing committee on Vegetable Oil & Ghee

Umer Rehan has been appointed Convener of Central Standing Committee of FPCCI on “Vegetable Oil & Ghee”. According to notification released by President of Federation of Chambers of Commerce & Industry (FPCCI) Engineer Daro Khan Achakzai, Umer Rehan appointed for the office and he will choose the nine members for the committee of related sectors.

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All Karachi College Speech Competition Held at UIT

Usman Institute of Technology (UIT) affiliated with NED University of Engineering & Technology, Karachi, recently organized the ‘All Karachi Speech Competition’ at the UIT campus. The competition was held to show solidarity with the people of Kashmir. Students from 15 different colleges participated in the competition from across the metropolis.

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ATF will be held from 12 – 14 June, 2019 in South Africa

According to Messe Frankfurt Pakistan, Africa’s largest International Apparel, Textile and Footwear Trade Exhibition (ATF), will be held from 12 – 14 June, 2019 at Cape Town International Convention Center, South Africa. The main objective of ATF is to offer foreign manufacturers as well as local importers and service providers in these industries the opportunity to meet Southern African buyers.

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