02112016Thu
Last update: Thu, 11 Feb 2016 12am

Pakistan - Banking & Finance

Workers' remittances rise by 6pc to $11.2bn in 7 months KARACHI: Overseas Pakistani workers remitted $ 11.2 billion in first seven months (July to January) of 2015-16; showing a growth of 6 percent compared to $ 10.566 billion received during the same period in the preceding year.During January 2016, the inflow of workers' remittances amounted to $ 1462.87 million, which is -10.64% lower than December 2015 and 4.21% higher than January 2015. The country-wise details for the month of January 2016 show that inflows from Saudi Arabia, United Arab Emirates (UAE), United States of America (USA), United Kingdom, GCC countries including Bahrain, Kuwait, Qatar and Oman and European Union countries amounted to $ 462.18 million, $ 313.32 million, $ 179.56 million, $ 172.53 million, $ 190.38 million and $ 28.64 million respectively as compared to the inflow of $ 452.81 million, $ 289.79 million, $ 197.39 million, $ 178.4 million, $ 162.31 million and $ 25.85 million respectively in January ...

Pakistan - Banking & Finance

DFS to be extended over 50pc population by 2020: Governor SBP ISLAMABAD: Governor State Bank of Pakistan Ashraf Mahmood Wathra here on Wednesday said that digital financial services (DFS) outreach would be extended to about 50 percent population of the country by 2020 which currently stood at 16 percent.Addressing a round-table on "Future of Digital Financial Services in Pakistan," organized by SBP, he said digital financial services was rapidly growing in the country.UN Secretary General's Special Advocate on Inclusive Finance for Development, Queen Maxima of Netherlands ...

Pakistan - General News

Seasoned playwright/drama writer Fatema Suraiya Bajia passes away KARACHI: Seasoned playwright and drama writer of the country, Fatima Suraiya, popularly known Bajia, passed away here Wednesday evening after protracted illness at the age of 85.Born in Hyderabad Deccan state of undivided India on September one, 1930, the lady was also known well and respected for social work and support for series of welfare schemes for marginalized sections of the society.Fatema Suraiya Bajia, suffering from oral cancer for quite some time, was recognized for ...

Pakistan - General News

President accepts Governor KPK resignation ISLAMABAD: President Mamnoon Hussain Wednesday accepted the resignation of Governor Khyber Pakhtunkhwa Sardar Mehtab Khan Abbasi on the advice of Prime Minister.The President accorded his approval on a summary initiated by the Cabinet Division.Speaker of KPK Assembly would be the acting governor till the new appointment, said a press release. Copyright APP (Associated Press of Pakistan), 2016

Pakistan - General News

Governor condoles Bajia's death KARACHI: Sindh Governor Dr.Ishratul Ebad Khan has condoled the death of famous drama writer Fatima Suraiya Bajia and expressed his grief and sorrow. In his condolence message here on Wednesday, the Governor said Bajia enjoyed unique status among the drama writers. She highlighted the social issues through her dramas. It would be very difficult to fill the gap created by her death, the Governor said. Copyright APP (Associated Press of Pakistan), 2016

Pakistan - Business & Economy

RCCI acknowledges meritorious services of outgoing envoys RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI), while acknowledging the meritorious services of outgoing Ambassadors, including Dean of the Diplomatic Corps and Argentine Ambassador, Rodolfo J. Martin-Saravia who served for twelve years in Pakistan and High Commissioner of Bangladesh Suhrab Hossain who spent six years.RCCI hosted a farewell party in their honor here Wednesday,the newly appointed envoys of different countries also participated. President RCCI Mian Humayun Parvez in his welcome address said Pakistan ...

Pakistan - General News

Senate unanimously passes wages Bill for unskilled workers ISLAMABAD: Senate here on Wednesday unanimously passed Minimum Wages for Unskilled workers Ordinance 1969 in its application to the Islamabad Capital Territory (The Minimum Wages for unskilled Workers Amendment (Bill, 2015). The bill was moved by Minister for Defence Production Rana Tanveer on behalf of Minister for Overseas Pakistanis and Human Resources Development Pir Syed Sadruddin Rashid. Copyright APP (Associated Press of Pakistan), 2016