KARACHI: Standard Chartered Bank (Pakistan) Limited, the country’s largest and oldest International bank, today announced its financial results for first quarter 2020. The Bank continues its momentum to deliver a strong performance with profit before tax of PKR 8.8Bn, which is 30per cent higher than Q1 2019. It is the highest ever first quarter profit since the Bank’s incorporation in Pakistan. All …

BANGKOK: Today (19 May 2020) – Mr. Chakkrit Parapuntakul, Second Vice Chairman and Acting President, Thai Airways International Public Company Limited (THAI), said the Thai Cabinet approved the reform plan for THAI which will be implemented through the business reorganization chapter under the auspices of the Central Bankruptcy Court of Thailand and the Bankruptcy Act.  In the meantime, THAI is …

ISLAMABAD: METRO Pakistan as part of its life savers campaign managed a blood collection drive and set up blood camps at six of its stores in and Islamabad, Faisalabad, and Lahore, to give its employees and customers an opportunity to donate blood. During this pandemic the blood donors have reduced massively due to lock down and as a moral duty, …

News Desk GENEVA: On average, prices for mobile-voice, mobile-data and fixed-broadband services are decreasing steadily around the world, and in some countries even dramatically. The reduction in price relative to income is even more dramatic, suggesting that, globally, telecommunication and information and communication technology services are becoming more affordable. However, both trends do not translate into rapidly increasing Internet penetration …

DUBAI: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of a campaign offering free international transfers for all individual customers during the ongoing COVID-19 situation. As part of the campaign which runs until 11 August 2020, customers can transfer funds to more than 150 countries in over 30 currencies by via the bank’s Mobile App or Online …

News Desk ABU DHABI: Etihad Airways is continuing to increase the number of special flights it is operating worldwide to and from Abu Dhabi. Throughout May and June, the airline will increase frequencies on previously announced special flights and will add new services to Belgrade, Dublin, Geneva, Milan, Paris Charles de Gaulle, and Toronto. In addition to the recently launched …

News Desk DUBAI: As part of its continuous efforts to keep the business community in Dubai informed with the latest legal developments and to help the private sector protect their businesses during the current circumstances, the Dubai Chamber of Commerce and Industry, in cooperation with Al-Tamimi & Co, organized a webinar on “Covid-19 and Force Majeure in the UAE which …

KARACHI: Shahid Ismail Mangroria, Vice President, Karachi Chamber of Commerce & Industry (KCCI) expressed his displeasure on State of Pakistan’s announcement of bringing down the mark-up interest rate by mere 1% to 8% from previous mark-up interest rate of 9%. Shahid Ismail Mangroria said; “although due to this deduction of merely 1% in mark-up interest rate has caused a reduction …

News Desk KARACHI/DUBAI: Emirates SkyCargo has expanded its weekly scheduled cargo flight operations to cover 75 destinations across six continents. Through its wider reach, Emirates SkyCargo is able to transport essential commodities and other urgently needed cargo more rapidly across the world, allowing exporters and importers across markets to benefit from direct access to widebody cargo capacity. Some of the …

ISLAMABAD: In line with its CSR vision, PTCL has sponsored Pakistan Red Crescent Society (PRCS) 120-beds Corona Care Hospital on 6th Road, Satellite Town, Rawalpindi for procurement of medicines, as part of PTCL Coronavirus support and relief package. Ahmed Jalal, EVP, HR Operations, PTCL, is presenting cheque to Brigadier Abdul Hadi (R), Member Managing Body PRCS, at PTCL HQ, Islamabad. …