Conference On Business, Economics, Finance,

Commodities like households, transportation, restaurant, energy items and hotel services have registered increase in the prices on YoY basis. Economic Adviser Finance Division briefed the NPMC about weekly SPI which witnessed decrease by 0.11% as compared to decline of 0.06% in the previous week, 33 food items contributed decrease of 0.05%, whereas 18 non-food items contributed decrease of 0.06% to the SPI. The items shown decline included Potatoes by 0.05%, Onions by 0.03%, Eggs by 0.04% and other by 0.05%.

After taking the delivery, these goods are locally sold/ exported by the customer acting as Bank’s agent. It is simply a sale transaction where the seller discloses the cost and profit to the buyer at the time of execution of sale. The Bank purchases the product from market through its agent which may be a customer itself and subsequently sell it to customer on spot/deferred payment. Meezan Bank offers complete solution to its customers for all their working capital needs for procurement of raw materials, purchase of assets for trading and to finance overhead expenses.

A news is circulating on social media about hacker attempt on Finance Ministry and leakage of official data. It is clarified that this news item pertains to an incident of hacking which was reported some three months earlier. Meanwhile Finance Division has put in place numerous measures and protocols to further reinforce cyber security of its IT infrastructure and official data.

Seeking a finance professional to anchor business planning and budgeting for business banking. Possess membership of a recognised professional accounting body or degree in accounting/ finance or MBA/Master's in accounting or finance. The views and opinions presented in the research articles and conceptual papers in this journal are those of the writers and do not necessarily reflect the policy and/or stance of the IUB Journal of contemporary Business and Islamic finance . The meeting discussed the stock position of Wheat in the country and was informed that sufficient stocks of Wheat are available. Welcoming the guests, the Finance Minister highlighted government’s policies and initiatives to provide conducive environment to the investors and businessmen and steps for ease of doing business to both domestic and foreign investors. The project has been designed to provide basic civic amenities such as water supply, sanitation and solid waste management in the rural areas of selected Tehsils of Punjab.

Ministry of Economic Affairs submitted a summary on G-20 Debt Service Suspension Initiative . The ECC allowed Ministry of Economic Affairs to sign 15 debt rescheduling agreements with various credit countries, finalized under Debt Service Suspension Initiative . The Chairman FBR also briefed the meeting on the steps being taken by the FBR for the resolution of the key issues being faced by the Pharma Industry and mechanism to settle the remaining issue related to refund of sales tax on APIs. The Committee was apprised that loans of more than Rs. 7.5 billion have been disbursed to more than 48 thousand beneficiaries.

The meeting also discussed the sowing situation of Wheat in the country and expressed satisfaction on the progress in all the four provinces. The ECC approved a proposal submitted by Finance Division for engaging the services of third party to carry out the Monitoring and Evaluation ( M&E) functions of the Kamyab Pakistan Programme . However, PPAF has not been able to undertake M & E responsibilities due to its legal status. Finance Minister expressed satisfaction on the availability of sufficient stocks of Wheat and further directed Ministry of NFS&R to formulate strategy to optimally maintain the strategic reserves of Wheat in the country to meet any difficult situation in the future. ECNEC discussed in detail and approved Punjab Arterial Roads Improvement Programme worth of Rs. 129,944.15 (US$ 773.20) Million.

Karandaaz Organizes Hackadesign To Drive Financial Inclusion Through Design Experience

Through this program, the two organisations will provide Rs. 9 billion to small and mid-sized corporate vendors and distributors on a program based model over the next 5 years. The ribbon cutting ceremony was led by HBFC Senior Board Member, Mr.Azhar Iqbal Kureshi along with the Managing Director HBFC, Syed Basit Aly, who addressed the ceremony and shed light on future endeavors of the company to address housing finance needs if its customers at every steps. In line with the Prime Minister’s vision of “Clean Green Pakistan”, House Building Finance Company Limited has formally initiated its ‘Tree Plantation Drive’. The Managing Director, HBFC, Syed Basit Aly inaugurated the campaign by planting in the vicinity of Shahrah-e-Faisal, Karachi. The campaign is part of the company’s corporate social responsibility program under which 175 saplings were planted on Tuesday 5th November 2019. He also emphasized to conduct such effective CSR programs that are closely related to environmental issues; adding that we will ensure that saplings are nurtured till the maturity stage.

Seven Days That Shook Pakistan

Federal Minister for Finance and Revenue Mr. Shaukat Tarin held a meeting with Mr. Najy Benhassine, Country Director, World Bank and his team at Finance Division, today. The NPMC was briefed on the availability of essential goods at subsidized rates at the Sastaa & Sahulat Bazaars across the country and the meeting expressed satisfaction on providing essential items at discounted rates at the Sastaa Bazaars. Federal Minister for Finance and Revenue Mr. Shaukat Tarin held a meeting with Mr. Tariq H. Niazi, Director Public Management, Financial Sector and Trade Division, ADB, accompanied by Mr. Yong Ye, Country Director ADB at Finance Division today.

Meeting Of Women Council Of Eco Cci: Delegates Told About Challenges Smes Face

The ECC also considered and approved a number of proposals of Supplementary/Technical Supplementary Grants submitted by different Ministries/Divisions. The ECC also considered and gave principal approval on a summary presented by Ministry of Defence Production for extending the Defence Credit Line Facility of USD 50 Million to Sri Lanka to enhance bilateral defence and security cooperation. The PPMA delegation thanked the Finance Minister for ensuring the full support for resolution of their issues. The Finance Minister further directed FBR to carry out all possible measures for settlement of the issues of pharmaceutical industry. Finance Minister Mr. Shaukat Tarin appreciated all the stakeholders for their contributions in the success of the Kamyab Pakistan Programme and further directed for the expansion of Kamyab Pakistan Programme throughout Pakistan. Ms. Ammara Durrani, Assistant Resident Representative UNDP, Mr. Haroon Sharif, Senior Technical Advisor UNDP on Financing for Development, Mr. Umer Akhlaq Malik, Policy Analyst UNDP and other senior officials also participated in the meeting.