News Desk DUBAI: Dr Reza Baqir, Governor State Bank of Pakistan (SBP), emphasized that real economic activity is expected to revive soon on the back of recent economic reforms initiated by SBP and the Government. These comments were made at a session hosted in the UAE by Bank Alfalah, with attendees representing leading financial institutions based in the region. Dr …

DUBAI: Due to the exceptional circumstances caused by the spread of the coronavirus, Lufthansa today publishes reduced flight schedules of its passenger airlines for the period from 29 March to 24 April. The flight cancellations will be implemented successively in the booking systems, and affected passengers will be informed of the changes and rebooking options as of today.  For all …

ISLAMABAD: The Prime Minister of Pakistan, Imran Khan, held an interactive session on Wednesday, March 11, 2020 with the Managing Committee members of Overseas Investors Chamber of Commerce and Industry (OICCI) at the Prime Minister House, Islamabad where he also shared his views on the current economic situation of the country. Shazad Dada, President OICCI informed the Prime Minister that “OICCI is the largest …

KARACHI: Philip Morris (Pakistan) Limited (PMPKL) announced an operating loss before tax of PKR 2,444 million for the year ended December 31, 2019. The Operating loss before tax was mainly due to the management decision to reorganize its operational footprint by closing its factory in Kotri, which was essential to ensure long term sustainability of the business in Pakistan considering the …

KUALA LUMPUR: Visa Malaysia has entered a long-term partnership with Tourism Malaysia to support the Ministry of Tourism, Arts and Culture (MOTAC) in driving inbound tourism and promote Malaysia as a preferred travel destination. In the spirit of Visit Malaysia 2020, Tourism Malaysia and Visa mark an important partnership to drive inbound tourists, and drive Malaysia to be a preferred …

KARACHI: Emirates SkyCargo, the freight division of Emirates, crossed an important milestone and set a new record by transporting more than 81,000 tonnes of exports and imports to Pakistan in 2019. Operating in Pakistan since 1985, Emirates SkyCargo has been a facilitator of the country’s trade, connecting businesses and markets to over 155 destinations across over 80 countries in six …

ABU DHABI: Etihad Airways has launched a collaborative project with the UAE Ministry of Climate Change and Environment (MOCCAE) in a bid to combat illegal wildlife trafficking. Etihad Airways, the national airline of the UAE, recently hosted the Combating Wildlife Trafficking workshop at its headquarters in Abu Dhabi, attended by 37 representatives of national entities and other key stakeholders involved …

News Desk DUBAI: The Emirates Group and AirBusiness Academy, a 100% subsidiary of Airbus and learning centre for the aviation and aerospace eco-system, have signed a Memorandum of Understanding (MoU) to extend Airbus’s leadership programme to UAE National employees at the Emirates Group. The MoU was signed by Amira Al Falasi, Emirates’ Vice President, HR Talent Acquisition and National Talent Development …

News Desk ABU DHABI: Effective 1 June 2020, Etihad Airways (Etihad), the national airline of the United Arab Emirates, will transfer all its flights to and from Abu Dhabi and Beijing, and its flights to and from Beijing to Nagoya, Japan, to the new state-of-the-art Beijing Daxing International Airport (PKX). Robin Kamark, Etihad Aviation Group Chief Commercial Officer, said: “In October …

News Desk LAHORE: Carrefour, operated in Pakistan by Majid Al Futtaim, has introduced a mobile app to better serve its Pakistani customers. The new app brings shoppers across Lahore a simple, digitised, and convenient mobile experience. Through the app, customers can now shop from the comfort of their home and choose from more than 5,000 products available at Carrefour stores, …