Avanza Solutions sponsors e-Banking Conference in Karachi

KARACHI  - The 12th International e-Banking Conference and Exhibition will kick-off here tomorrow, 24th of April at a local hotel. The event has attracted major players and key influencers to create an opportunity to gather insights and predict the future of the industry.

The 12th International e-Banking Conference and Exhibition is a prestigious event which provides players of the industry the opportunity to share knowledge, gather insights and set a vision for the industry’s future. This event provides the participants the chance to interact and communicate directly with the key decision-makers and influencers of the industry.

The e-Banking conference is a significant event in the industry as it brings the vendors and banks together from all over the region; being held in Karachi, home to the head offices of the majority of banks, the event promises to attract the major players of the industry as the target audience.

Pak says import bans to go after India eases subsidies

NEW DELHI (Online) - Pakistan has said it will allow import of all items from India once the ongoing election process in the country is over and New Delhi is in a position to implement the “arrangement” for reducing subsidies on some items of export interest to Pakistan.

“Early this year both countries agreed on an arrangement under which India would reduce subsidies on items that can be exported by Pakistan. But it could not be implemented as the model code of conduct came into play,” the Pakistani High Commissioner to India Abdul Basit said in an interaction with members of the Indian Women’s Press Corps on Wednesday.

Basit said once the new Government is in place, the whole issue could be reconsidered.

Extending India non-discriminatory market access, which basically means allowing all Indian items to be sold in Pakistan, is a key condition that New Delhi has laid down before Islamabad for re-starting the bilateral trade dialogue that has been stalled for the past year. Pakistan disallows 1,209 items from India.

3rd Islamic Finance Conference


KARACHI (APP) - Governor State Bank of Pakistan, Ashraf Wathra will inaugurate the 3rd Islamic Finance Conference and Exhibition (IFCE) on April 24 at a hotel here.

CEOs and presidents of different Islamic Banks will chair different sessions, said a statement on Wednesday. Prominent speakers at the event will highlight the prevailing boom and expansion of Islamic Banking globally and locally, its emerging potential and scope going forward.Chairing different sessions on various subjects, they will raise the issues and challenges of Islamic banking in the current scenario and suggest different solutions and ideas to address them in the local market.

The conference will be addressed by leading CEOs and Presidents of different banks including Siraj Uddin Aziz of Habib Metropolitan Bank, Hussain Lawai of Summit Bank, Irfan Siddique of Meezan Bank, Hasan Bilgrami of Bank Islami, Shafqaat Ahmed of Bank Albaraka.

President Karachi Chamber of Commerce and Industries Amer Zaki, Director Islamic Banking SBP Saleem ullah Khan, Chairman Banking Committee Dr Ikhtiar Baig, Chairman Shan foundation, Adviser KCCI Atiq-ur-Rahman, Rizwan Atta.

Prominent Sharia scholars such as Mufti Rafi Usmani and Mufti Muneeb-ur-Rahman will also spoke to the participants.

Presidents of different chambers and trade bodies along with a large number of bankers will also attend the event.

The event is being held successfully for the third time and it has become a well-known programme in creating awareness among the public and assembling industry stakeholders at one platform for setting up future line-of-action.An expo will also be held on Islamic financial products, and services for promotion and awareness.

The event is supported by various research, educational, and training institutions for general public and two awareness sessions will be held on April 25.

Food imports down 8.22pc in

nine months

ISLAMABAD (APP) - Food imports into the country decreased by 8.22 per cent during the first nine months of the current fiscal year as compared to the corresponding period of last year.

The food imports into the country during July-March (2013-14) were recorded at $3.076 billion against the imports of $3.35 billion during July-March (2012-13), according to the latest figures of Pakistan Bureau of Statistics (PBS).

The food commodities that contributed in the negative trade of food products included tea, imports of which decreased by 25.22 per cent by falling from $296.159 million last year to $221.678 million during the current year.

The imports of palm oil also decreased from $1.543 billion to $1.367 billion, showing decline of 11.41 per cent while the imports of pulses leguminous vegetables) decreased from 269.114 million to $214.792 million, showing negative growth of 20.19 per cent, the data revealed.

Similarly the imports of all other food items decreased by 13.36 per cent by falling from $979.617 million last year to $848.704 million this year.

On the other hand, the food commodities that witnessed upward trend in trade included milk, cream and milk food for infants, imports of which increased by 18.59 per cent by going up from $100.388 million last year to $119.053 million this year.

PR fines ticket-less passengers

LAHORE (OUR STAFF REPORTER): Pakistan Railways Police has detected 845 passengers traveling without tickets. The passengers were fined Rs0.4 million which was deposited in national exchequer, said the Railways spokesperson on Wednesday.

As per detail, 89 passengers were detected ticket-less in Peshawar division, 88 in Rawalpindi division, 195 in Lahore division, 167 in Multan division, 197 in Sukkur division, 75 in Karachi Division and 134 in Quetta division. PRP IG Syed Ibne Hussain directed the police officers to take action against illegal hawkers/vendors without any hesitation.