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Business & Finance

Indus Motor Company declares profit after tax of PKR 5.1 billion for FY2019-20

By Rafiq Vayani
August 10, 2020 UTC
in :  Business & Finance, News

News Desk KARACHI: The Board of Directors of Indus Motor Company Ltd. (IMC) met on August 10, 2020 to review the company’s financial and operating performance for the year ended June 30, 2020. The net sales turnover for the year ended, June 30,2020 decreased by 46% to Rs.86 billion as compared to Rs.158 billion in the last fiscal year, while …

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Coca-Cola supports small shopkeepers as Government opens up economy

By Rafiq Vayani
August 10, 2020 UTC
in :  Business & Finance, News
Coca-Cola supports small shopkeepers as Government opens up economy

LAHORE: The National Coordination Committee (NCC) on COVID-19 has decided to lift restrictions on various business sectors, including tourism, restaurants, transport including air and rail travel and a few others. This shift in policy has come about in light of the declining number of COVID-19 cases in the country. One of the hardest hit communities during the long periods of …

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Ministry of Economy & Dubai Chamber discuss ways to enhance collaboration between public & private sectors

By Rafiq Vayani
August 10, 2020 UTC
in :  Business & Finance, News

DUBAI: H.E Abdulla Bin Touq Al Marri, UAE Minister of Economy, reiterated the importance of public private partnerships as one of the basic pillars on which the country’s future economic plans are based, and one of the key drivers to sustainable development, during a meeting attended by H.E Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs; …

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Dubai Taxi ponders 42 innovative ideas for post-coronavirus future

By Rafiq Vayani
August 10, 2020 UTC
in :  Business & Finance, News, Travel

DUBAI: The Dubai Taxi Corporation (DTC) at the Roads and Transport Authority (RTA) has held an online workshop entitled: ‘Preparatory Steps for Post-Coronavirus Year.’ Attendees included Abdul Mohsen Ibrahim Younes, CEO of Rail Agency and Chairman of DTC Supervisory Board; Dr Yousef Al Ali, CEO of DTC, and several members of the Board and leaders of DTC. The workshop discussed …

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MENA Leisure Industry reopens with sharp focus on health, hygiene, safety and social distancing

By Rafiq Vayani
August 10, 2020 UTC
in :  Business & Finance, Lifestyle, News, Travel

News Desk DUBAI: Whilst some of the leisure attractions across the MENA region remain closed, some have also started to re-open and the region as a whole is ready to welcome guests with safety and social distancing as a key focus in their daily operational procedures. The region has opened its tourism sector after airlines resumed flights to and from …

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Dubai Municipality visits Moro Hub

By Rafiq Vayani
August 9, 2020 UTC
in :  Business & Finance, News

News Desk DUBAI: HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) welcomed a delegation headed by HE Dawood Al Hajiri, Director General of Dubai Municipality, in Moro Hub (Data Hub Integrated Solutions), a wholly-owned subsidiary of DEWA. The visit aimed to discuss the opportunities of the joint cooperation between the two parties, where …

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Emirates Airline ramps up passenger services to Pakistan, offering customers 60 weekly flights

By Rafiq Vayani
August 9, 2020 UTC
in :  Business & Finance, News, Travel

By Rafiq Vayani DUBAI: Emirates has announced it will increase its passenger services to/from Pakistan starting 10 August, offering customers enhanced connectivity to over 70 destinations within its current network, via Dubai. The airline is set to ramp up its flight frequency to/from Karachi, Islamabad, Lahore, and Sialkot; and resume passenger services to Peshawar – providing customers worldwide with greater access to …

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MetLife Foundation commits $500,000 to Lebanon relief effort

By Rafiq Vayani
August 8, 2020 UTC
in :  Business & Finance, News, World

NEW YORK:  MetLife Foundation announced yesterday a commitment of $500,000 to help Lebanon recover and rebuild from the Beirut port explosion. “We were heartbroken to see the destruction in Beirut, and we want to do everything possible to help the people of Lebanon,” said MetLife President and CEO Michel Khalaf. “This financial support from MetLife Foundation will provide for immediate …

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Zong and ZTE unveils first commercial MEC Trial in Pakistan

By Rafiq Vayani
August 7, 2020 UTC
in :  Business & Finance, News

News Desk LAHORE: Leading the digital innovation and heralding a new digital revolution in the country, Zong, in collaboration with ZTE Corporation, has successfully launched the first commercial MEC (Multi-access Edge Computing) trial in Pakistan. The major development paves the way for conducting more 5G trials in Pakistan while preparing Zong to benefit from the launch of future technologies. It’s pertinent …

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Files by Google launches privacy-driven ‘safe folder’

By Rafiq Vayani
August 7, 2020 UTC
in :  Business & Finance, News

ISLAMABAD: Today, Google launched a new Safe Folder feature in its Files app that now has over 150 million users worldwide and cleaned more than 1 trillion files since launching in December 2017. This feature will be initially available to more than 2 million users with the rollout gradually expanding to all of Files’ users over the next few weeks. Safe Folder …

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