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Meezan Bank selects Systems Limited for the implementation of Enterprise Service Bus KARACHI: Systems Limited, an IBM business partner and the region’s premier software house, has been appointed by Meezan Bank, which is Pakistan's first and largest Islamic bank,for the implementation of IBM Integration Bus. With this implementation, Meezan Bank would be able to extensively capitalize on their existing IT investments at remarkably low costs while enhancing business stability and increasing productivity.A formal signing ceremony between Systems Limited and Meezan Bankwas held in July at the bank’s Head Office in Karachi to honor the initiation of a long-term business relationship between the two entities. Speaking at the ceremony, Mr. Kamal Hussain, Senior Vice President, Meezan Bank said, “Systems Limited provided us with a comprehensive POC in the shortest possible time. While choosing a partner for the Enterprise Service Bus implementation, our focus was on the skill set and expertise level of the partner and we found Systems Limited to outdo all others ...

Private sector credit off-take rises to Rs320bn from Rs144bn ISLAMABAD: The private sector credit off-take has increased from Rs. 144 billion to Rs. 320 billion during 2013-14 as more private investment would create more job opportunities.As part of its measures being adopted to reduce unemployment in the country, the government is pursuing fiscal consolidation policies to lower burden on financial resources of banking system and create space for the private sector investment.Highlighting the other measures, sources at Ministry of Planning, Development and Reforms on ...
FPCCI urges politicians to shun differences in national interest KARACHI: President of Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Zakaria Usman on Thursday urged the politicians to overcome their differences in the larger interest of the country.Addressing the flag hoisting ceremony at Federation House here on the 68th Independence Day, he said the country was faced with different economic, social and political problems with direct bearing on the lives of the masses.This, he said must not persist and politicians, being vital stakeholders, ...
Business community fears billion of loss due to August 14 marches ISLAMABAD: The business community has feared that Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) scheduled marches on August, 14 in the federal capital would adversely affect their business.The business community expressed concerns over the frequent processions and demonstrations that disturbed normal civic life in the twin cities of Islamabad and Rawalpind.Wasim Khan, a businessmen said that the leaders of political parties must ensure that commercial activities are not disrupted, adding that they also must ...
Pak-Indian traders urge 'Trust building measures' ISLAMABAD: The trade leaders of Pakistan and India unanimously stressed the need for "Trust Building Measures" between private sectors of the two countries to boost bilateral trade.Talking to newsmen here Monday on return from New Delhi after a week long visit, VP SAARC Chamber of Commerce and Industry Iftikhar Ali Malik who is also senior member of Pakistan India Joint Business Forum (PIJBF) said that result oriented meetings were held with Indian counterparts to work ...
Pak-Dutch relations to open new vistas: Rick Slettenhaar FAISALABAD: The Pak-Dutch relations from 'Aid to Trade' will open new vistas of cooperation and collaboration between the two countries.This was stated by Rick Slettenhaar, Head of Economic Affairs Embassy of Netherlands while addressing the executive Committee members of the Faisalabad Chamber of Commerce & Industry (FCCI) here on Friday.He said Netherlands was a small country but it was included among twenty biggest world economies. It is also ranked sixth biggest exporter and sixth largest ...
Khairpur special economic zone to have all infrastructural facilities SUKKUR: Commissioner Sukkur Muhammad Abbas Baloch has said that Sindh Government has initiated many important projects, and Khairpur Special Economic Zone (KSEZ) is a link of this chain adding that with the establishment of the KSEZ, our agricultural product may be increased and our growers may get appropriate rates and other benefits on their product.This he said while presiding over a meeting regarding 3rd allotment committee meeting in connection with allotment of the plots of ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln