Daily Archives: September 10, 2018

Biman Signs Order for Three New Bombardier Q400 Aircraft

TORONTO, Sept. 10, 2018 (GLOBE NEWSWIRE) — Bombardier Commercial Aircraft announced today that Biman Bangladesh Airlines Ltd. has ordered three new Q400 turboprops by signing a purchase agreement with the Canadian Commercial Corporation (CCC).

Based on the list price of the Q400 aircraft, the firm order is valued at approximately US$106 million.

“We are very pleased that Biman is expanding its Q400 fleet with this order for three new aircraft,” said François Cognard, VP, Sales, Asia Pacific. “The Q400’s greater seating and cargo capacity really set it apart from the competition. Furthermore, the Q400’s mix of turboprop economics and jet like performance were the best match for Biman’s mix of short and long-range routes. Operators coming back for more Q400 aircraft really validates the benefits of the aircraft’s unique characteristics.”

“We are very excited about adding these Q400s to our fleet. We currently operate two Q400s and without hesitation, we can say that these aircraft are ideal for our domestic and regional operations,” said Mr. A M Mosaddique Ahmed, Managing Director and CEO, Biman Bangladesh Airlines. With its outstanding economics, comfort and operational flexibility, the Q400 will allow us to offer high frequency services within Bangladesh and neighboring countries.”

“We are extremely pleased to be supporting Bombardier in selling their Q400 aircraft to Biman Bangladesh Airlines Ltd.,” said Ian McLeod, Vice-President of Business Development and Sales for the Canadian Commercial Corporation. “Canada and Bangladesh enjoy strong bi-lateral ties through trade and investment, development cooperation, and people-to-people links. Increasing the capacity of the national carrier supports these efforts and the economic growth of the country; improving their lives of Bangladeshis by increasing their access to domestic and international destinations.”

About Biman
Biman Bangladesh Airlines is the National Flag Carrier airline of Bangladesh. Its main hub is at Hazrat Shahjalal International Airport in Dhaka and it also operates flights from its secondary hubs at Shah Amanat International Airport in Chittagong and Osmani International Airport in Sylhet. The airline provides international passenger and cargo services to Asia and Europe, as well as all domestic routes inside Bangladesh. Biman currently flies to 15 international and seven domestic routes.

About the Canadian Commercial Corporation
The Canadian Commercial Corporaiton (CCC) is the Government of Canada’s international government-to-government contracting organization. A Canadian Crown corporation, CCC helps Canadian exporters sell goods and services to foreign governments around the world using a government-to-government contract mechanism. In 2017-18, the Canadian Commercial Corporation was active in 78 countries around the world, working with 182 Canadian companies, to sign export contracts worth over $1.3 billion.

About Bombardier
With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors
An image of the Q400 aircraft in the livery of Biman Bangladesh Airlines is posted with this news release at bombardier.com

The Q400 aircraft backgrounder is available in the BCA Media Hub.

For information about Biman Bangladesh Airlines https://www.biman-airlines.com/about

Follow @BBD_Aircraft on Twitter to receive the latest news and updates from Bombardier Commercial Aircraft.

To receive our press releases, please visit the RSS Feed section of Bombardier’s Website.

Bombardier, Q400 and Q Series are trademarks of Bombardier Inc. or its subsidiaries.

For Information

Nathalie Siphengphet
Head of Communications and Public Relations
Bombardier Commercial Aircraft
+1 416-375-3030
nathalie.siphengphet@aero.bombardier.com
www.bombardier.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/60ed20dd-1a55-44d2-b4aa-53dc99f71175

Board of directors meeting of Pakistan Petroleum Limited

Karachi, Pakistan Petroleum Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 18, 2018 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2018.

Further, the company has declared the closed period from September 11, 2018 to September 18, 2018.

Pakistan Petroleum Limited was incorporated in Pakistan in 1950. The objectives of company include conducting exploration, prospecting, development and production of oil and natural gas resources. The subsidiaries of the company are PPL Europe E&P Limited formerly MND Exploration and Production Limited, PPL Asia DMCC and the Pakistan Petroleum Provident Fund Trust Company Private Limited. The jointly controlled entity is Bolan Mining Enterprises with 50% shareholding. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The operations of the company include production of natural gas, crude oil, liquid natural gas and liquefied petroleum gas. The company was incorporated in Pakistan as a public limited company in June 1950. The major shareholdings belonged to Burmah Oil Company of the UK. In September 1997, BOC disinvested from the exploration and production sector worldwide and sold its equity in PPL to the Government of Pakistan. The shareholding of the company is currently divided between the government which owns 71% of the shares, private owners with 22% shares and PPL employee Empowerment Trust which amounts to 7% shares.

PPL operates six producing fields across the country at Sui, Adhi, Kandhkot, Chachar, Mazarani and Hala and holds working interest in fifteen partner-operated producing fields, including Qadirpur. PPL has a portfolio of 47 exploration assets from which the company operates 27, including one contract in Iraq, while 20 blocks, comprising three offshore leases in Pakistan and two onshore concessions in Yemen, are operated by joint venture partners. The PPL fields/ departments are ISO 9001, 14001 and OHSAS 18001 certified.

The symbol “PPL” is being used by the stock exchange for the shares of Pakistan Petroleum Limited.

Dubai Airports CEO Half-Year Update

Get a tour of the exciting new developments at DXB from Dubai Airports CEO Paul Griffiths

Dubai, Sept. 10, 2018 (GLOBE NEWSWIRE) — Dubai International (DXB) retained its position as the world’s number one international airport for the fourth consecutive year in 2017 with annual traffic exceeding 88.2 million passengers. The airport connects 240 destinations around the world through 75 international airlines and is expected to serve 90.2 million passengers in 2018. Dubai Airports’ CEO Paul Griffiths provides an update on the first half of 2018.

You can also access the link by copying and pasting this link in your internet browser: https://youtu.be/1V5UAJWOUIk

Attachments

Hannah Burden Hamer
Dubai Airports
+97145044394
corporate.communications@dubaiairports.ae

PM’s speech motivates Pakistanis to generously donate for dams

Speaker National Assembly Asad Qaiser says he is donating his first salary to the Prime Minister-Chief Justice fund for construction of dams.

In a tweet message, he said we should enthusiastically participate in the dams construction campaign for the future of our children.

Asad Qaiser said the nation will have to take steps for storage of water, as it is a great divine blessing and human need, which must be valued.

DY Speaker NA donates one month salary to Dam fund

Deputy Speaker National Assembly Muhammad Qasim Khan Suri has donated his one month salary to the fund opened for construction of dams.

In a statement, he said the country is faced with serious water shortages and construction of dams is of paramount importance to cope with the situation.

The deputy speaker urged the people to contribute to the construction of dams.

Governor Sindh to donate his one-year salary to Dams Fund

Governor Sindh Imran Ismail has announced to donate his one year salary to Dams fund.

In a statement, Governor Sindh Imran Ismail said that water crises is a big challenge for country and there is need to build a dam to overcome any water scarcity.

Provincial cabinet to donate one month salary to PM’s Dam Fund: CM Punjab Buzdar

Punjab Chief Minister Sardar Usman Buzdar and the provincial cabinet will donate one month salary to the Prime Minister’s Dam Fund.

Chairing the Punjab cabinet meeting, Sardar Usman Buzdar has said dams were need of the hour and Prime Minister Imran Khan made a popular decision and the Punjab government endorsed it.

Chief Minister said progress on the 100-day programme would be reviewed and a report on the progress would be submitted to the CM Office every week.

The 100-Day agenda includes the alleviation of poverty from the deprived areas of Punjab, promotion of tourism industry, agriculture reforms for the enhancement of production power of farmers, agriculture market, livestock reforms and national water policy.

PR to provide Rs.100 mln annually for Dam fund: Sheikh Rasheed

Railways Minister Sheikh Rashid Ahmad has reaffirmed his commitment to bring down deficit of Railways to nil within one year.

Chairing a meeting in Lahore on Saturday, he said it has been decided to remove ghost contractual employees in Pakistan Railways to lessen financial burden.

Later, talking to media in the Railways Headquarters, Sheikh Rasheed Ahmad said Pakistan Railways will provide hundred million rupees annually for Dam fund.

PFC announces a donation of one million rupees for Dam fund

Pakistan Furniture Council has announced a donation of one million rupees for Diamer-Bhasha and Mohmand dams’ fund.

In a statement today, Chief Executive of the Council, Mian Kashif Ashfaq said they would also contribute more funds to this noble cause in coming days.

PM’s speech motivates expat Pakistanis to generously donate for dams

Prime Minister Imran Khan’s recent speech calling the expatriate Pakistanis to donate for construction of Diamer Bhasha and Mohmand dams has triggered a lively debate among the overseas Pakistanis on social media showing their excitement to generously contribute in dams fund.

The social media users are also encouraging others to donate for the fund by posting on their social media walls, the proofs of their donations made for the fund.

The SBP has also announced through a circular that all issuing and acquiring banks in Pakistan will not charge any service fee on all transactions from abroad that will be made through payment cards.

Meanwhile, Under Public Sector Development Programme 2018-19,Federal government has already allocated 23.68 billion rupees for the dam.

Earlier in April this year, the Executive Committee of National Economic Council had approved the construction of Diamer Bhasha dam at an initial estimated cost of 474 billion rupees.

However, the total cumulative cost of the dam would be at least around 1400 billion rupees once power generation facilities are accounted for.

The gigantic project will have a 6.4 million acre feet live water storage capacity with installed power capacity of 4,500MW.

After completion, the project would increase national water storage capacity of up to 45 days and would enhance life span on downstream reservoirs including Tarbela Dam.

Business community also announced full support to dam construction initiative of the government to save the country from drought and water scarcity.

In a statement in Islamabad today, Senior Vice President SAARC Chamber of Commerce and Industry, Iftikhar Ali Malik termed building of Diamer-Bhasha and Mohmand dams as a timely initiative.

Pakistan Furniture Council has also announced a donation of one million rupees for Diamer-Bhasha and Mohmand dams’ fund.

In a statement today, Chief Executive of the Council, Mian Kashif Ashfaq said they would also contribute more funds to this noble cause in coming days.

Source: Radio Pakistan

CM Punjab directs to take measures to deal with smog

Punjab Chief Minister Sardar Usman Buzdar has directed the concerned departments to adopt necessary measures to effectively deal with the possible threat of smog in the province.

Issuing directives in Lahore on Monday, he said people should be provided necessary awareness about the smog-related diseases and measures to prevent them.

He said that an action plan must be devised to deal with the smog and the concerned departments should work in an organized manner.

Source: Radio Pakistan