General Business News : AsiaNet-Pakistan

Category: General Business News

Phenomenal rise in imports stresses current account: Ghazanfar Bilour President FPCCI

July 13, 2018 | General Business News

Karachi, July 13, 2018 (PPI-OT): Ghazanfar Bilour President FPCCI showed his serious concern over the continuous drastic increase in trade deficit of Pakistan resulting in fiscal imbalances.The exorbitant increase in import is exerting pressure on balance of payments and reflecting …

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Minister for Maritime Affairs and Foreign Affairs visits Karachi Port Trust to review the progress of Port Projects

July 13, 2018 | General Business News

Karachi, July 13, 2018 (PPI-OT): The Federal Minister for Maritime Affairs and Foreign Affairs, Mr. Abdullah Hussain Haroon, visited the Karachi Port Trust Head Office today to review the progress of port projects. Chairman Karachi Port Trust Rear Admiral Jamil …

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TURKEY SELLS 30 COMBAT HELICOPTERS TO PAKISTAN

July 13, 2018 | General Business News

Turkey and Pakistan signed a deal for the sale of 30 T129 ATAK helicopters, according to the Turkish Defense Industries Under-secretariat (SSB) on Friday.

“Contract negotiations on T129 ATAK helicopters between Turkish Aerospace Industries (TAI) and the Pakistani Ministry of …

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4 KILLED, 24 INJURED AS BLAST HITS POLITICAL LEADER’S CONVOY IN PAKISTAN

July 13, 2018 | General Business News, Sports

At least four people were killed and 24 others injured Friday, when a blast hit a convoy of a political party leader in the northwest province of Khyber Pakhtunkhwa, Xinhua new agency reported, quoting local media.

Pakistani political party leader …

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Donations through SBP website can be made for Supreme Court of Pakistan Diamer Bhasha and Mohmand Dam Fund

July 12, 2018 | General Business News

Karachi, July 12, 2018 (PPI-OT): In pursuance of the instructions received by the Honorable Supreme Court of Pakistan SBP’s website (www.sbp.org.pk) has now been enabled to receive online payments through debit/credit cards from anywhere within and outside Pakistan. This facility …

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SBP Governor’s Press Conference on Monetary Policy

July 12, 2018 | General Business News

Karachi, July 12, 2018 (PPI-OT): Governor State Bank of Pakistan Mr. Tariq Bajwa will unveil Monetary Policy Decision at a press conference on Saturday, July 14, 2018. The press conference will be held at SBP Learning Resource Centre Auditorium, SBP …

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Pakistan’s Liquid Foreign Reserves Position

July 12, 2018 | General Business News

Karachi, July 12, 2018 (PPI-OT): The total liquid foreign reserves held by the country stood at US$16,084.3 million on 06July2018.The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank of Pakistan: US$ …

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RapidCompute, Dell and IBL-Unisys to Provide Enterprise-Class SAP HANA Hosting Services

July 12, 2018 | General Business News

Karachi, July 12, 2018 (PPI-OT): RapidCompute recently partnered with Dell EMC and IBL Unisys to offer state of the art Enterprise class SAP HANA hosting on a certified cloud infrastructure. RapidCompute has a legacy of offering products and services that …

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Jazz and Careem Collaborate to Provide Exciting Offers to Users

July 12, 2018 | General Business News

Islamabad, July 12, 2018 (PPI-OT):Jazz has collaborated with Careem to offer various promotions to its subscribers throughout the year. Subscribers can use the promo code ‘JAZZSUPER4G’ when booking a ride through the Careem app to avail a discount of 20% …

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SECP approves PICIC Investment Fund and PICIC Growth Fund conversion into open-end funds

July 12, 2018 | General Business News

Islamabad, July 12, 2018 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) has approved the conversion of PICIC Investment Fund and PICIC Growth Fund being managed by HBL AMC into open-end funds. The SECP managed to bring this longstanding issue …

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Pakistan Industrial and Traders Associations Front welcomes Rs10 billion relief to public through cut in oil prices; Demands further cut in GST or Levy

July 12, 2018 | General Business News

Lahore, July 12, 2018 (PPI-OT): Pakistan Industrial and Traders Associations Front (PIAF) chairman Irfan Iqbal Sheikh has appreciated the Caretaker government for reducing the prices of petroleum products by lowering the general sales tax on directives of the Supreme Court …

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JCR-VIS Assigns Initial Entity Ratings to Al-Makkah Oil Refinery Limited

July 12, 2018 | General Business News

Karachi, July 12, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of ‘BBB-/A-2’ (Triple B Minus/A-Two) to Al-Makkah Oil Refinery Limited (AOL). Outlook on the assigned ratings is ‘Stable’. Set up in 2014, AOL is …

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