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  • IBM settles legal dispute with diversity officer hired by Microsoft

    March 7, 2018 12:00 AM 10

    SAN FRANCISCO: International Business Machines Corp on Monday said it settled a trade secrets lawsuit it brought against its former chief diversity officer who left for a similar job at Microsoft Corp. The settlement allows Lindsay-Rae McIntyre to begin working at Microsoft in July. Armonk, New York-based IBM alleged in a Feb. 12 complaint in federal

  • ICMAP, CIMA sign agreement

    March 6, 2018 12:00 AM 10

    KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMAP) and Chartered Institute of Management Accountants (CIMA) have signed a memorandum of understanding (MoU) to support each other in technical and research projects and different legal areas, a statement said on Monday. The two institutes have also decided to explore pathways

  • Bank Al Baraka appoints new CEO

    March 6, 2018 12:00 AM 11

    KARACHI: The chairman and board of directors of Al Baraka Bank (Pakistan) Ltd (ABPL) have appointed Ahmed Shuja Kidwai as chief executive officer of the bank with effect from March 1, 2018, a statement said on Monday. Kidwai is a seasoned banker with over 40 years of diversified experience in local, as well as international markets, it added. His association

  • ‘Brexit still unclear as it faces extra costs’

    March 4, 2018 12:00 AM 13

    PARIS: Airbus urged Britain to provide more clarity on post-Brexit customs rules as it faces an imminent rise in spending to start preparing for possible delays in the movement of aircraft parts. The European planemaker gave a cautious response to a speech by Prime Minister Theresa May setting out her vision for future trade relations between the European

  • ‘Per capita paper consumption low’

    March 4, 2018 12:00 AM 13

    KARACHI: Per capita paper consumption in Pakistan for paper products is still very low and it is still an emerging market for Japanese paper brands, which are compatible in the international market, an official said. Addressing a ceremony, Naheed Memon, chairperson of the Sindh Board of Investment, said, “SBI will fully support the printing industry

  • PAAPAM chief attends training session

    March 4, 2018 12:00 AM 13

    LAHORE: Pakistan Association of Automotive Parts and Accessories Manufacturers is committed to playing a key role as the binding force for the auto industry, said Iftikhar Ahmad, chairman of PAAPAM on Saturday. Addressing a training session at the Pakistan Auto Show 2018, he said industry experts are providing technology updates and authentic knowledge

  • Emirates A380 returns to Houston

    March 3, 2018 12:00 AM 19

    KARACHI: Emirates will resume its flagship A380 service between Houston and Dubai from June 1, a statement said on Friday. This follows the airline’s recent adjustments to its US services with the launch of a new nonstop Dubai-Newark service from June 1, and the resumption of daily services to Fort Lauderdale and Orlando from March 25, it added

  • Businessmen resent POL price hike

    March 3, 2018 12:00 AM 20

    KARACHI: Business community has resented hike in prices of petroleum products and said it will increase the cost of manufacturing, a statement said on Friday. Office-bearers of Korangi Association of Trade and Industry (Kati) said that increased petroleum prices would add burden on industry and SMEs in terms of increased cost of production and doing

  • ‘Pakistan’s liberal visa policy to improve inbound tourism’

    March 3, 2018 12:00 AM 24

    KARACHI: Pakistan’s liberal visa policy will attract more tourists from Turkey in the future, said Tolga Ucak, newly-appointed Turkish Consul General in Karachi, a statement said. Speaking at the Turkish Airline Agency Award ceremony held on Thursday evening, he praised the recent decision by the government of Pakistan to introduce visa on arrival policy

  • Smeda identifies investment avenues

    March 2, 2018 12:00 AM 11

    SIALKOT: Small and Medium Enterprises Development Authority (Smeda) Chief Executive Officer Sher Ayub Khan on Thursday said that keeping in view the importance of China-Pakistan Economic Corridor (CPEC), the authority has prepared a detailed report, highlighting investment avenues by China and Pakistan. CPEC would open new vistas of development, prosperity