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  • Pakistan’s Tarar to chair WB body

    November 25, 2018 12:00 AM 2

    ISLAMABAD: The Human Resources Committee of the World Bank Board has elected Pakistan’s Executive Director Shahid Ashraf Tarar as its chairman for a period of two years, an announcement said on Saturday. A statement said this accomplishment came on the heels of Tarar's recent election by the seven countries, comprising Pakistan’s constituency, to represent

  • PMEX lists new futures’ contracts

    November 25, 2018 12:00 AM 3

    KARACHI: Pakistan Mercantile Exchange (PMEX), the country’s only commodity futures exchange, listed cash settled futures contracts of corn, wheat, soybean, palladium, and Japan equity index ($1 and $5) and made them available for trading from November 20, 2018, a statement said on Saturday. These six futures contracts, the PMEX statement said, were based

  • Indus Motor to hold used car bazaar

    November 24, 2018 12:00 AM 1

    KARACHI: Indus Motor Company (IMC) will organise Toyota Sure Certified Used Car Bazaar (TSURE) for customers to buy, sell and exchange vehicles at Packages Mall, Lahore on November 25, 2018, a statement said on Friday. IMC CEO Ali Asghar Jamali said, “This will provide an opportunity for buyers to purchase quality used cars at good prices. Furthermore

  • NDCTech hosts forum for banks, FIs

    November 24, 2018 12:00 AM 2

    KARACHI: National Data Consultant (NDCTech) and Temenos Group AG, a banking software company based in Geneva, recently hosted ‘Bank of the Future Forum 2018’, at a local hotel. The forum was for banks, regulator, solution providers, international fintechs, and industry-professionals, to share and discuss best practices and strategy to reinvent banking

  • Govt’s nod sought for industrial policy

    November 23, 2018 12:00 AM 4

    LAHORE: Punjab Minister for Industries, Commerce and Investment Mian Aslam Iqbal has said that industrial policy for the province has been forwarded to the cabinet for approval. Policy has one window operation, Special Economic Zones, Income Tax Holiday and zero duty on import of industrial machinery in its fold. Speaking at the Lahore Chamber of Commerce

  • BoK signs deal with PTCL

    November 23, 2018 12:00 AM 3

    ISLAMABAD: The Bank of Khyber signs Pakistan Telecommunication Company Limited (PTCL) for managed services contract for a period of five years, a statement said on Thursday. Under the agreement, PTCL will manage and maintain active and passive network operations on behalf of the bank at more than 170 branches countrywide, as well as support the bank in meeting

  • FPCCI official to attend Turkey moot

    November 23, 2018 12:00 AM 1

    ISLAMABAD: Syed Mazhar Ali Nasir, Senior Vice President, FPCCI left for Turkey to participate in the 32nd Conference of Confederation of Asia Pacific Chambers of Commerce & Industry (CACCI), a statement said on Thursday. The conference with the theme “Asia: Expanding Boundaries”, is scheduled for 23-24 November, 2018 in Istanbul. The statement said Nasir

  • Meeting discusses aviation policy

    November 23, 2018 12:00 AM 5

    KARACHI: Aviation industry stakeholders have held a meeting to discuss the National Aviation Policy and propose recommendations for revision of the policy. Spokesperson of the aviation industry said on Thursday that a meeting was held at the Aviation Division recently with secretary aviation in the chair. At the meeting, the chair also constituted a committee

  • Austrian firms keen to invest in dams

    November 23, 2018 12:00 AM 1

    ISLAMABAD: Austrian companies are keen to help Pakistan explore hydropower potential through investments in building of dams, a foreign ambassador said on Thursday. Austrian Ambassador to Pakistan Nicolaus Keller said the country’s investors and companies are interested to invest in Pakistan’s power sector. Keller was called on Minister for Energy (Power

  • Forex reserves rise to $14.722bln

    November 23, 2018 12:00 AM 3

    KARACHI: Pakistan's foreign exchange reserves increased to $14.722 billion after it received $1 billion from Saudi Arabia under financial support package, the central bank said on Thursday. "The SBP received $1,000 million on November 19 as placements of funds by Saudi Arabia after which the SBP's reserves stood at $8.293 billion and the country’s total