ETIHAD AIRWAYS appoints Abdulmohsen as Air Seychelles CFO

Etihad Airways, the national airline of the United Arab Emirates, has appointed Abdulmohsen Al Sayegh senior members of its finance team as Air Seychelles’ Chief Financial Officer. He holds a Bachelor’s Degree in Business Administration and Financial Services from the UAE’s Higher Colleges of Technology (HCT) and has extensive experience working for Etihad Airways in the UAE and across the world.

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Mobilink now offers 3G connectivity in 43 cities of Pakistan

Karachi – 8th May, 2015: Mobilink has expanded its 3G network to 43 cities of Pakistan by adding seven new cities to the existing 36 that already were experiencing the telco’s superior internet connectivity. This is Mobilink’s fourth stage of commercial 3G rollout and covers the following cities: Bhalwal, Chakwal, Daska, Dipalpur, Mandi, Bahauddin, Pattoki, and Wazirabad. 

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Lifting of Moratorium on KASB Bank Limited

According to press release issued by State Bank of Pakistan, Federal Government has approved amalgamation of KASB Bank Limited with BankIslami Pakistan Limited. Hence the moratorium placed on former KASB Bank Limited has been lifted while depositors of the former KASB Bank Limited can now freely operate their accounts maintained at the respective branches with BankIslami Pakistan Limited.

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Telenor Pakistan appoints Irfan Wahab as Deputy CEO

Mr. Irfan Wahab Khan, Deputy CEO of  Telenor.

Mr. Irfan Wahab Khan, Deputy CEO of Telenor.

Telenor Pakistan has appointmented of Mr. Irfan Wahab Khan as Deputy CEO of the company in addition to his current responsibilities as Chief Marketing Officer.

Irfan has been with Telenor for 11 years, starting as Executive Vice President and Head of Corporate Affairs Division at Telenor Pakistan in 2004.

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PM inaugurates 100MW solar power plant

Prime Minister Muhammad Nawaz Sharif addressing at the inauguration of 100 MW Solar Power Plant at Quaid-e-Azam Solar Park, Bahawalpur on May 5, 2015.

Prime Minister Muhammad Nawaz Sharif addressing at the inauguration of 100 MW Solar Power Plant at Quaid-e-Azam Solar Park, Bahawalpur on May 5, 2015.

Pakistan’s Prime Minister Mian Muhammad Nawaz Sharif has inaugurated the first unit of the Quaid-i-Azam Solar Power Park (QASP) Bahawalpur on May 6, 2015.

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Health Asia 2015- 11th Int’l Exhibition & Conference on 8-10 September at Karachi Expo Centre

11th Health Asia 2015 Int’l Exhibition & Conferences incorporating Pharma Asia Int’l Exhibition will be held from 8th to 10th September 2015 at Karachi Expo Centre. The Event is organized by Ecommerce Gateway Pakistan (Pvt) Ltd. with the support of Pakistan Society of Anesthesiologists, Friends of Cardiac Surgery, Ministry of Health Government of Sindh; Trade Development Authority of Pakistan, Pharma Bureau of Information and Statistics, Pakistan Pharmaceutical Manufacturers Association (PPMA).

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Pakistan’s Liquid Foreign Reserves Position April, 30th 2015

The total liquid foreign reserves held by the country stood at US$17,717.6 million on 24April2015, says a press release issued by central bank of Pakistan.

The break-up of the foreign reserves position is as under:-

  1. Foreign reserves held by the State Bank of Pakistan: US$  12,565.1  million
  2. Net foreign reserves held by banks :    US$    5,152.5  million
  3. Total liquid foreign reserves                 :    US$  17,717.6 million

During the week ending 24April2015, SBP’s Liquid FX Reserves increased by US$201 million to US$12,565 million, compared to US$12,364 million in the previous week.

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