Daily Archives: November 5, 2020

Bombardier Reports Third Quarter 2020 Financial Results, Provides Update on Transition to a Pure-Play Business Aircraft Company

Total revenues(1) of $3.5 billion, lower by 5% year-over-year due to pandemic-related disruptions and divestitures; Business Aircraft revenues reached $1.2 billion on 24 deliveries, growing 10% year-over-year, driven by accelerating Global 7500 deliveries Total adjusted EBITDA(1)(2) of $176 million; $15 million of reported total EBIT(1)(2) Free cash flow usage(2) of $0.7 billion, continuing to target […]

40K non-resident Pakistanis opened Roshan Digital Accounts

Forty thousand non-resident Pakistanis have so far opened Roshan Digital Accounts and one thousand new accounts are being opened on daily basis. The figures were shared at a webinar hosted by Pakistan High Commission Ottawa and Consulate General of Pakistan Toronto. The participants apprised the Pakistanis based in Canada and North America  about the details

Pakistani Rupee Reaches Another High Against the US Dollar

Pakistani Rupee has yet again shown upward movement in today’s interbank market rate as it closed with a gain of 35 paisas against the US Dollar. From PKR 159.81 per USD on November 4, the exchange rate went down to PKR 159.46 on November 5 (today), as per data released by the financial analytics platform

CDWP Approved 4 Projects Worth Rs. 3.69 Billion

Central Development Working Party (CDWP) meeting on Wednesday chaired by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan. CDWP approved 04 projects worth Rs. 3.69 billion and agreed for 02 projects worth Rs. 33.49 billion. Senior officials from Planning Commission and federal ministries/divisions also participated in the meeting while representatives from provincial governments participated through video

Convener of SMEs lauds steps taken by Govt to increase capacity of industries

Convener of Small and Medium Enterprises (SMEs) Rahmat Allah Javed has appreciated the steps taken by the present government to increase the capacity of industries. In his statement, he said that 25 percent reduction in electricity bills for industries will help boost the economy of the country. He said that with the stability of the

SCCI welcomes power relief for industries

President Sialkot Chamber of Commerce and Industry Qaiser Iqbal has warmly welcomed the Prime Minister’s Imran Khan’s decision regarding power relief for the industrial sector. In an interview today (Thursday), he said the decision will help in boosting the country’s exports which will also create jobs opportunities. The President said the Small and Medium Enterprises