By Khurram Schehzad Government has passed on petroleum product prices today by an average 26%, or PKR 22/ltr on average, from last levels, which is 70% of what has OGRA suggested . CNG prices are also down by ~15%. With this, impact on Inflation, Revenues and Relief efforts is expected/estimated to be as follows: 1)- Inflation This 26% decline on …

MANAMA: In line with national efforts aimed at combating the Coronavirus (COVID-19), Gulf Air, the national carrier of the Kingdom of Bahrain, in coordination with a number of Bahraini enterprises specialising in medical supplies, assisted in the importation of 9 tons of medical items needed to mitigate the spread of the COVID-19, as well as general medications, medical equipment and hygienic …

News Desk KARACHI: In line with the Ministry of Energy’s directives, Industrial Support Package (ISPA) arrears for the period July-December 2019 were applicable in March 2020. However, in light of the current COVID-19 crisis and the resulting unprecedented situation, K-Electric, on the request of industrial consumers, extended relief to the industrial sector by deferring the collection of Industrial Support Package (ISPA) …

News Desk KARACHI: Catwalk Event Management and Productions is organizing a Virtual Fashion Show to recognize and pay tribute to the front liners, volunteers who have worked day and night to fight against this pandemic and those who despite their own well-founded fears, are stepping directly into COVID-19’s path to aid the afflicted and help halt the virus spread. Virtual …

DUBAI: KitKat Arabic Coffee is coming this Ramadan, with the beloved confectionary brand launching a new edition with an Arabic twist to meet local consumer demand for a flavor inspired by “Gahwa,” as Arabic coffee is socially referred to in the region. “We understand the cultural value of coffee time in the region, and are always listening to KitKat enthusiasts, many of …

News Desk LAHORE: Nestlé Pakistan posted a revenue of PKR 29.8 billion, an increase of 2.6% compared to the same period last year, despite many difficulties emanating from COVID-19 crisis. Juices and water as well as products for out-of-home channel were severely impacted by the lockdown. In addition, Afghanistan border closure had a major impact on the exports. Net profit for …

KARACHI: METRO Pakistan as part of its METRO Humanity Program gave opportunity to its employees to donate and participate in the national relief efforts for deserving families directly affected by the COVID19 lockdown. The entire donation amount collected was used to buy food hamper filled with essential food supplies and were handed over to the Provincial Disaster Management Authority (PDMA) at …

News Desk DUBAI: Emirates is set to operate limited passenger services to Frankfurt (02, 04, 06, 09, 11, 13 May), London Heathrow (03, 05, 07, 10, 12, 14 May), Manila (3, 6, 8, 10, 13, 15, 16 May), Sao Paulo (3 May), and Shanghai (2 May). The one-way special flights will facilitate travel for residents and visitors wishing to return …

AMSTELVEEN: Today, KLM’s first passenger carrier departed, carrying cargo not only in its belly, but on the passenger seats and in the baggage bins of the aircraft cabin. KLM operated a B777-300 flight from Shanghai to Amsterdam, for the first time introducing the new cargo carrying concept. The load consisted mainly of urgent medical supplies, including hundreds of thousands of …

News Desk DUBAI: Zayed Higher Organisation for People of Determination (ZHO), today, has signed a Memorandum of Understanding (MoU) with Microsoft to enhance its remote learning initiative. The MoU signed between HE. Abdullah AlHumaidan, General Secretary at ZHO and Sayed Hashish, General Manager, Microsoft UAE, is a joint effort to ensure continuity in education, skills development and social empowerment of …