Monthly Archives: July 2020

European Commission clears Alstom’s acquisition of Bombardier Transportation

MONTRÉAL, July 31, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) and Alstom welcome the European Commission’s decision for conditional clearance of the proposed acquisition of Bombardier Transportation by Alstom. The Commission’s approval for the transaction is conditional on certain proposed engagements that consist of: A transfer of Bombardier Transportation’s contribution to the V300 ZEFIRO very […]

RCCI organizing country’s first Virtual Expo next month: Saboor Malik

A delegation of Rawalpindi Chamber of Commerce and Industry (RCCI) led by its President Saboor Malik met Punjab Minister for Industries and Commerce Mian Aslam Iqbal in Lahore. They discussed smart lockdown and issued being faced by the industry during the meeting. The President RCCI said that the Chamber is organizing the country’s first Virtual

Economic activities in full swing at Gwadar Port

Chairman CPEC Authority and Special Assistant to Prime Minister on Information and broadcasting Asim Saleem Bajwa has said that economic activities are underway at Gwadar Port. In a tweet on Friday, he said that ship carrying 17000 tons DAP arrived on the port and 60% of these goods are being transported to Afghanistan on 550

Madison Realty Capital Hires Brian Chase as Chief Operating Officer

Accomplished operations executive becomes first COO in private equity firm’s history Madison Realty Capital Hires Brian Chase as Chief Operating Officer NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) — Madison Realty Capital (MRC) announced it has appointed Brian Chase as its new Chief Operating Officer (COO), to support the firm’s operations and core business functions, […]

Economic Outlook Remains Uncertain in Pakistan: SBP

The COVID-19 pandemic not only ruined the economic gains of the country in the last financial year but it wreaked havoc on the business and economic environment of Pakistan registering a negative GDP growth for the first time in seven decades. These challenges continue to pose a serious threat to the economy with a high

Pakistan Received $10.62 Billion Foreign Loans During FY-2019-20

The country received $10.662 billion external inflows from multiple sources in the fiscal year 2019-20 against the budgeted estimates of $12.958 billion for the entire fiscal year which is 82 percent of the amount. It does not include $2.826 billion received from International Monetary Fund (IMF), including $1.44 billion under the Extended Fund Facility (EFF)