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Press Release

Sukkur IBA Receives JS Bank endowment

sukkur-iba-400Sukkur IBA and Mahvash& Jahangir Siddiqui entered into a historic agreement which has resulted in contribution of Rupees 40 million to Sukkur IBA Endowment Fund. A small ceremony was organized at JS Global Forum Office Karachi in which Director Sukkur IBA Prof. Nisar Ahmed Siddqui, Mr.Jahangir Siddiqui, MrsMahvash Jahangir Siddiqui, Senior Members from Sukkur IBA and JS Global Ltd, Sukkur IBA Alumni in Karachi and Industrial Friends of Sukkur IBA were present in this ceremony.

Speaking on this occasion Director Sukkur IBA Prof.Nisar Ahmed Siddiqui said that patronage from Society is important for an Educational Institutions to establish, grow and achieve its Vision and Mission. Sukkur IBA is thankful to JS Global Ltd to comeup with a financial proposal which will support Sukkur IBA endowment target.

Mr. Jahangir Siddiqui speaking on the occasion said that Sukkur IBA and JS Global Ltd have always had cordial relation and this contribution to Sukkur IBA Endowment will support it in long term operations and motivate Business Community to come forward for support. Mahvash and Jahangir Siddiqui Foundation trust will continue to serve society and especially education sector as this is the real investment for any constructive change.

April 29, 2015 10:13:45

Sufism, Peace and Democracy

“From Rumi till Khuwaja Fareed, all the Sufi saints were Muslims, have no doubt about that”, this was stated by Dr. Jawed Hassan Chandio, chairman Sariki Department, Islamia university of Bhalwalpur concluding the one day conference on “Sufism,... more

April 21, 2015 10:59:23

Shell Pakistan’s Energy Lab

Good afternoon Ladies and Gentlemen. Welcome to Shell Pakistan’s Energy Lab which we’re thrilled to bring to Pakistan for the first time. The Energy Lab is an environment Shell creates to allow people of all ages learn more about energy by partic... more

April 06, 2015 12:54:35

Shell Fuels at a Glance

Shell has played a leading role in developing high quality fuels. For over 100 years, we have supplied quality fuels, and through our passion and commitment, research and development, we continue to drive fuel technology forward to meet the needs of ... more

April 06, 2015 12:52:48

Carmudi secures $25mn in new funding for Asia and Latin America

Carmudi, a leading car classified site backed by Rocket Internet, has raised $25 million to strengthen its operations in Asia and Latin America. Investors include Asia Pacific Internet Group (APACIG), a joint venture of Rocket Internet and Ooredoo, H... more

February 21, 2015 07:53:35

Customer Centric: Dawlance expands Contact Center to reach Faisalabad & Sargodha Customers

KARACHI: Dawlance, the leading home appliances brand in Pakistan, has expanded its customer contact center services to include Faisalabad, Sargodha and adjoining areas. The Karachi based contact center has already been serving customers from Karachi,... more

February 19, 2015 10:47:06

TAZ Trading is part of a group of companies with expertise in Automobiles

KARACHI: The Pakistani two-wheeler market is full of similar shape motorcycles that do not provide clients options. Women on the other end do not have any two-wheeler options whatsoever.In its latest venture, TAZ is challenging the norms and introduc... more

October 29, 2014 09:44:59

China Mobile congratulates government on becoming ITU Member

China Mobile Pakistan (CMPak), Pakistan’s first and only 4G mobile service and subsidiary of China Mobile Communications Corporation, congratulates the Government of Pakistan particularly Ms. Anusha Rehman, Minister of State for IT and Telecom, and... more

October 28, 2014 12:59:15

Samsung extends Olympic Games partnership through 2020

The International Olympic Committee (IOC) and Samsung Electronics Co., Ltd., the Worldwide Olympic Partner in the Wireless Communications Equipment category, announced it has signed an agreement to extend their partnership through to the 2020 Olympic... more

August 25, 2014 11:37:13

KE disconnects power only when the Paying /Recovery ratio hits

K-Electric, formerly KESC has issued a press statement in which the utility has rebutted some allegations laid out by NEPRA’s official.The statement added that “The NEPRA rules and regulations allow distribution companies to take all legal measur... more

August 25, 2014 11:16:45

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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln