| 2020 | January | 7

  • Shahzad Dada To Replace Sima Kamil As CEO UBL

    Shahzad Dada has been appointed as the CEO and President of United Bank Limited (UBL). He will take his charge from the next month for a period of three years subject to the clearance of State Bank of Pakistan (SBP), according to the official announcement. Shahzad Dada will replace Sima Kamil who ended her term…

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  • All resources being utilized to contain COVID-19: CM GB

    Gilgit-Baltistan Chief Minister, Hafiz Hafeez-ur-Rehman says government will distribute five lac face masks among people in the region in next ten days. In a statement, he said all available resources are being utilized to contain COVID-19. He said Corona test are being done free of cost and capacity of laboratories being enhanced. Source: Radio Pakistan

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  • Protecting SMEs Govt’s top priority: Dr. Hafeez

    Prime Minister’s Adviser on Finance Dr. Abdul Hafeez Shaikh has said protecting Small and Medium Enterprises (SMEs) is top priority of the government. He was speaking at the inauguration of Secure Transaction Registry in Islamabad on Thursday. The Adviser said SMEs are producing just ten percent of their total capacity. He said security registry will…

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  • Oil Sales Fall 35% in April 2020

    Oil Marketing Companies’ (OMCs) sales for the month of April 2020 plunged by 35% to 1.07 million tons on a year-on-year basis as compared to 1.65 million tons in the same month in 2019. However, on a month on month basis, the OMCs sales increased by 3% as compared to 1.03 million tons in March…

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  • SECP Proposes Amendments for the Insurance Sector

    The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to the Credit and Suretyship (Conduct of Business) Rules, 2018 for the insurance sector, said a statement released by the SECP. The draft amendments have been placed on the SECP’s website for eliciting public opinion, it added. The main objective of the amendments is…

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  • Cement Sales Drop 23.65% in April Due to COVID-19

    Cement sales in the country have declined by 23.65% to 3.52 million tons in April 2020 as compared with 4.61 million tons in the same month last year, primarily because both the export and domestic markets crashed owing to the devastating impact of COVID-19, which halted construction activities around the world, including Pakistan. According to…

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Yes, it is true that the Business Observer does what its name reveals, means covering the news from all the industries, which are putting their efforts into accelerating the economy of Pakistan.

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