Participants during the event in Dubai.
Business Bureau, Gulf Today
The second Pakistan Remittance Summit held in Dubai with the aim of discussing the innovative ideas to increase the remittance to Pakistan and discourage the illegal mode of money transfers like Hawala, Hundi and others causing 8 to 9 billion dollar loss to Pakistan economy annually.
The summit held in a local hotel had attended by the representatives Pakistani banks operating in the UAE, officials from different exchange houses and scores of experts from the financial sectors around the world.
The second Pakistan Remittance Summit 2019 organized by the top 5 Remittance Receiving Banks in Pakistan – Allied Bank Limited, MCB, National Bank of Pakistan ,United Bank Limited and Habib Bank Limited – under the patronage of Pakistan Remittance Initiative by State Bank of Pakistan.
A Nairobi-bound Boeing 737 crashed minutes after an early-morning takeoff from Addis Ababa on Sunday, killing all eight crew and 149 passengers on board, including tourists, business travellers, and at least one delegate to a UN meeting.
The event, organised by the UAE Space Agency, is the largest gathering of global space industry leaders in the Middle East and North Africa.
The Dubai Police have unveiled new sophisticated cameras installed at pedestrian crossing areas to monitor vehicles that fail to abide by the traffic regulations.
Britain’s vast finance industry will emerge largely unscathed from Brexit and retain its position as one of the world’s top financial centres, ministers in Prime Minister Theresa May’s government said on Monday. Since Britain voted to leave the European Union nearly three years ago,
European stocks slipped on Monday as concerns about an escalating fallout from a US crackdown on China’s Huawei Technologies offset a slightly more positive tone on trade.
The UAE-based Grandweld Shipyards has launched its sixth pilot boat for Kuwait Oil Company (KOC). As per the contract signed in May 2017, the ‘MESKAN’ is the final boat of ten – four crew transport boats and six pilot boats – that Grandweld was required to build for KOC’s fleet.
China’s central bank (CB) will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank’s thinking said. “At present, rest assured they will certainly not let it break 7,” a source told Reuters.