COMPANY NEWS.

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the State Bank of Pakistan (SBP) have announced a joint committee for the resolution of the huge backlog of letters of credit (LCs).

According to a press release, the committee will comprise FPCCI nominees and SBP officials. Mr Sheikh announced that the committee would be co-chaired by Suleman Chawla, SVP FPCCI, from the apex body, and advised the entire business, industry and trade community to bring their cases to the committee. He added that a collective voice should be raised in the broader national interest.

BOI's 8th e-kachehry

Secretary Board of Investment (BOI) Asad Rehman Gilani chaired BOI's 8th e-kachehry here in Islamabad on January 12, 2023, says a press release. The secretary briefed the participants about BOI's role in facilitating and attracting local and foreign investment in the country and addressed their queries during the session.

He highlighted the steps made after the new government took control, especially, the signing of the memorandum of understanding between BOI Pakistan and Japan External Trade Organisation for enhancing cooperation between Pakistan and Japan, initiation of talks with 48 partner countries for signing of bilateral investment treaties to promote foreign direct investment in the country, and reform implementation under the Pakistan Modernisation and Regulatory Reforms.

HabibMetro Islamic Banking Summit held

The Islamic banking brand of HabibMetro Bank organised the first HabibMetro Sirat Islamic banking summit which was attended by various stakeholders including the State Bank of Pakistan, Pakistan Stock Exchange and Security and Exchange Comission officials as well as CEOs and Shariah Board Members of various banks, Shariah scholars, and businessmen, as per a press release. The summit was held in honour of the visit of Sirat's Shariah Board Chairman Tan Sri Dr Daud Bakar, a globally renowned Malaysian Shariah scholar and award-winning author. Dr Bakar is the Founder and Group Chairman of Amanie Group and is a Shariah Board Member of various foreign banks.

Aurum One project on GT road

According to a...