Chief Of Finance & Business Development Nust

Price of Mash Pulse decreased by Rs. 3 per kg during last six weeks and price of Masoor pulse decreased by Rs. 2 per kg during last six weeks. The Finance Minister apprised about the economic bottlenecks faced by Pakistani economy during testing times of Covid-19. He also highlighted the initiatives undertaken by the government for ensuring economic progress and development in Pakistan. These avenues majorly include refinery, agriculture, IT sector and semi-conductor manufacturing sectors.

Ministry of Energy, Petroleum Division submitted a summary on 15 years’ extension of lease contract between Saindak Metals Limited and MCC China for Saindak Copper Gold Project. ECC after detailed discussion allowed the extension of lease contract and recommended to review financial aspect of the project annually by the professional expertises. The Saudi Minister was also apprised that the present Government is providing incentives to attract and facilitate foreign investors. The Saudi Investment Minister expressed the need for greater mutual investments in different fields. Senator Aon Abbass Buppi updated the meeting about the issues being faced in the IT sector especially related to freelance workers and IT related remittance. The Senator apprised that this sector has huge potential but few matters need to be resolved for bringing in the greater efficiency and reaping the maximum benefit from this sector.

Virtual University Of Pakistan

The solution will enhance the bank’s comprehensive digital trade capabilities and will improve services for its corporate and retail customers by providing a smart user interface, thereby reducing transaction turnaround times. The BS (Accounting & Finance) program is aimed at giving students a solid foundation in accounting and finance, rounded out with the all-important interpersonal, computer, and business communication skills critical for success in today’s business environment. The degree will give students an understanding of the legal and regulatory environment that commercial organisations and accounting professionals must work within. They will be able to identify and evaluate ethical dilemmas and provide logical ways to resolve them.

The Meeting was also apprised on the variations in the prices of pulses and rise in the prices of Eggs and Chicken due to seasonal factor. The NPMC was informed that prices of onion have marked decrease as compared to its price three years earlier. Finance Minister expressed concerns on the difference in retail and wholesale prices of pulses in the country and directed Ministry of NFS & R to investigate and take appropriate action against the exploiters to maintain stability in the prices of imported pulses.

The agreement with Askari Bank signals market readiness for large banks with complex trade finance and corporate banking operations in Pakistan”. Abid Sattar, President & CEO, Askari Bank said, “As a bank we are focused on providing forward-thinking solutions to our customers. This solution will help us to continue developing our digital suite of services and enable our customers to make faster transactions and receive greater value from their trade finance relationship”. The BS (Accounting & Finance) is a highly specialised degree, preparing the graduate as having expertise in Accountancy and Finance.

Agriculture Banking

ADB is extending full technical support Pakistan for successful implementation of these programs. Slight increase has been witnessed in the whole sale and retail prices of Potatoes and Onions which was attributed to the increase in the transportation charges. The Chair further directed provincial authorities to take measures to reduce the wholesale and retail price gap in both commodities.

In order to achieve these objectives, a policy has been prepared for promotion of SME finance (conventional & Islamic) in Pakistan. SCB has an international team of professionals with Islamic finance expertise dedicated to developing Shariah approved financial solutions for the SCB Group. Additionally, our Shariah Board provides guidance to our Islamic Banking team and approves the Islamic products.

Syed Muhammad Tariq Huda, Secretary to the GC briefed the participants on the implementation status of previous decisions of the GC. The CEO of PSW gave a presentation on the progress already made and highlighted key challenges. The GC was informed that PSW program is on course to complete its 1st phase before the deadline. On a proposal of Petroleum Division for re-allocation of OGDCL’s Jhal Magsi gas to SSGCL, the ECC allowed reallocation of 15 MMCFD Jhal Magsi gas to SSGCL. SSGCL would carry out the project of gasification of Jhal Magsi town and would embark the required gas out of the proposed allocation.

TCP was also tasked to negotiate price with Chinese supplier authorized by Govt of China for further import of Urea. Welcoming the delegation, Finance Minister Mr. Shaukat Tarin highlighted long cordial relations between Pakistan and the member states of the GCC and said that our relations are firmly rooted in shared faith, values and culture. The Finance Minister appreciated the GCC member countries for providing hospitability to a large number of Pakistanis working there. Federal Minister for Finance and Revenue Mr. Shaukat Tarin held a meeting with a delegation of the Gulf Cooperation Council headed by Secretary-General Dr.Nayef bin Falah Al-Hajraf at Finance Division, today.

The meeting was also briefed on the comparison of prices of essential items with prices in the regional countries. It was informed that prices of commodities are lowest in Pakistan as compared to neighboring countries like India, Bangladesh and Sri Lanka. The Chair asked the Secretary Ministry of I&P to expedite the process of building strategic reserves of sugar through local procurement as approved by ECC. Chairman NAPHDA, Deputy Governor SBP, President Bank of Punjab, Chairman SECP, CEO Akhuwat Foundation, CEO NRSP, and other senior officers attended the meeting.