Saturday, May 8, 2021

Zain Zubair

Khurram Shahzad assumes charge as Acting President KCCI

Khurram Shahzad, Senior Vice President KCCI has assumed charge as Acting President of the Karachi Chamber of Commerce and Industry (KCCI) during the absence of President KCCI Junaid Esmail Makda who departed for Saudi Arabia on Friday evening to...

Zhang assures FPCCI to commend Chinese govt six percent import duty waiver in GFZ

The Chairman of China Overseas Ports Holding Company (COPHC), Zhang Baozhong has assured FPCCI that he will recommend Chinese Government to waive 6 percent import duty for export industry setup in Gwadar Free Zone.   This was informed by FPCCI President...

KSE 100 sheds 41 points on investors lackluster behaviour

The benchmark KSE 100 index of Pakistan Stock Exchange on Friday downed by 41.20 points or (-0.11%) closed at 39049 on investors lackluster behavior.     Largely the index remained where it started. The opening bell saw an increase of 26pts...

Govt will acquire IMF package if its good for the country, says Asad Umar

Pakistan’s Finance minister Asad Umar has said that the government if gets good package from International Monetary Fund (IMF) so we will acquire the package or otherwise Pakistan is not in hurry. Talking to the anchorpersons, Asad Umar said that...

Pakistan’s foreign exchange reserves down by $240 million

The foreign exchange reserves of Pakistan depleted by $240 million to $13.6 billion on January 04, 2019 as comparing with $13.4 billion in the previous week, State Bank of Pakistan (SBP) stated on Thursday. The official reserves held by SBP...

Pakistan’s trade deficit shrinks 5% to $17.7 bln during 1HFY

The trade deficit of Pakistan narrowed by 5 percent to $17.7 billion during first half of the fiscal year due to the measures of regulatory duties on imports and various steps were taken to boost the exports. Ministry of Statistics...

SBP win global award in promoting Islamic finance

State Bank of Pakistan (SBP) has won the global award as the best Central Bank in promoting Islamic finance for the year 2018. The coveted award is conferred by Islamic Finance News (IFN), an arm of REDmoney Group, Malaysia....

Worker remittances up by 10% during 1HFY19

State Bank of Pakistan (SBP) released the data of workers remittances. SBP stated that the overseas Pakistani workers remitted US$ 10718.78 million in the first half (July to December) of FY19, showing a growth of 10% compared with US$...

Cement dispatches growth of 4%, 1HFY19

Provisional cement data for the month of Dec’18 indicates a 1% MoM decline in dispatches to 3.87mn tons (Nov’18: 3.90mn tons) owed to weak demand in peak winter season and holidays on account of New Years. Whereas a minor...

Pakistan and World Bank signs agreement worth $100 million for Sindh Solar Energy Project

Pakistan and World Bank here on Wednesday signed a Financing Agreement worth US $ 100.0 million for “Sindh Solar Energy Project” with the objective to increase solar power generation and access to electricity in Sindh Province. The project will support...

About Me

Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]
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