Nauman Ansari appointed CEO of Bank Alfalah
The board of directors of Bank Alfalah Limited has appointed  Nauman Ansari, formerly CEO of Faysal Bank as new...
Gwadar airport to be closed in July
The Civil Aviation Authority (CAA) has decided to close down the under-construction Gwadar International Airport in July due to...
Trump owes lenders at least $315 million, disclosure shows
US President Donald Trump had personal liabilities of at least $315.6 million to German, US, and other lenders, as...
Nauman Ansari appointed CEO of Bank Alfalah
The board of directors of Bank Alfalah Limited has appointed  Nauman Ansari, formerly CEO of Faysal Bank as new president and CEO. The board of directors of Bank Alfalah Limited in the board meeting held on June 20 accepted resignation of Atif Bajwa. According to internal communication issued on... Read more
Gwadar airport to be closed in July
The Civil Aviation Authority (CAA) has decided to close down the under-construction Gwadar International Airport in July due to expansion work on the runway. CAA sources said the runway will be inoperable form July 1 – 31. An alternative runway has not been designated by the authority as yet.... Read more
Trump owes lenders at least $315 million, disclosure shows
US President Donald Trump had personal liabilities of at least $315.6 million to German, US, and other lenders, as of mid-2017, according to a federal financial disclosure form released by the US Office of Government Ethics late on Friday. Trump had roughly $20 million in income from his new... Read more
TV ad rates rocket ahead of Pakistan, India final
Television advertising rates for Sunday’s cricket final between India and Pakistan are 10 times the normal price, industry sources said, as millions of fans are expected to tune in for a clash that last time ranked among the six most-watched sporting events. Pakistan, the lowest-ranked team at the Champions... Read more
PIA announces 25pc discount for Eid on domestic flights
Pakistan International Airlines (PIA) has announced 25 per cent discount on all domestic flights for Eidul Fitr. The 25 percent is valid from June 27 to June 29 Special Eid Discount! 25% off on all domestic flights!! For more information visit https://t.co/SVnw9luzt3 #PIA #PakistanIntlAirlines pic.twitter.com/gfwIuitqrH — PIA (@Official_PIA) June 16,... Read more
Uber’s open COO job in the spotlight amid leadership void
With Chief Executive Travis Kalanick taking a leave of absence from Uber Technologies Inc, the vacant job of chief operating officer takes on a lot more importance as the company frames the position as the key to solving its woes. Kalanick, under fire for crass behavior and fostering a... Read more
Pakistani made traditional rickshaws being exported to Japan
Japan exports cars to Pakistan but now it is the other way around as a Pakistani company has started exporting its three-wheeler rickshaws to Japan. A local Pakistani company Sazgar Engineering, a private manufacturer of 4 Stroke CNG Auto Rickshaws and Automotive has been exporting its famous rickshaws to... Read more
Pakistan eyes 2018 start for China-funded Diamer-Bhasha dam
Pakistan expects China to fund a long-delayed Indus river mega dam project in Gilgit-Baltistan with work beginning next year, Planning Minister Ahsan Iqbal said in an interview. Pakistan has been keen for years to build a cascade of mega dams along the Indus flowing down from the Himalayas, but... Read more
Panama establishes ties with China, ditches Taiwan in win for Beijing
Panama has established diplomatic ties with China and broken with Taiwan in a major victory for Beijing, which continues to lure away the dwindling number of countries that have formal relations with the self-ruled island. Panamanian President Juan Carlos Varela said in a televised address on Monday that Panama... Read more
Pakistan Stock Exchange falls 1,800 points
The Pakistan Stock Exchange KSE-100 index closed at 47,671  after falling 1855 pips on Monday. Market analyst believe that negative sentiment prevailed throughout the day as Prime Minister Nawaz Sharif being summoned by the Panama Case JIT. KSE-100 index  at one point it fell 1988 pips though recovered a... Read more
Fresh currency notes for Eid available through SMS
State Bank of Pakistan (SBP) has re-launched the SMS service for issuance of fresh currency notes to the general public. SBP through its subsidiary SBP Banking Services Corporation (SBPBSC) has started issuance of fresh currency notes through SMS. The fresh notes will be available from designated commercial bank branches... Read more
Mars recalls some chocolates due to likely Salmonella presence
Confectioner Mars Inc, owner of the Mars and M&M brands, said on Friday that it had voluntarily recalled some products sold under the Galaxy brand in the UK and Ireland as it detected the possible presence of Salmonella in the ingredients. The products, including the Galaxy Minstrels and Galaxy... Read more
Sterling sinks after May seen falling short of majority
Sterling suffered its biggest fall in eight months, sliding more than 2 cents against the US dollar after an exit poll unexpectedly showed Prime Minister Theresa May falling short of an overall parliamentary majority in Britain’s election. As the shock projection raised questions about how Britain will advance with... Read more
Atif Bajwa to take charge as new governor State Bank of Pakistan
Federal government may appoint Atif Bajwa, Chief Executive Officer (CEO) of Bank Alfalah as the new governor of the State Bank of Pakistan. According to sources, Atif Bajwa, who is the President and CEO of bank Alfalah since March 2011 may be appointed as the governor State Bank of Pakistan. Subsequently, Nauman... Read more