Category: News & Announcement

CAPE TOWN, South Africa, April 8, 2020/ — A Cape Town-based exhibition builder, together with an event organizer, offer to work with governments and private sectors across Africa to rapidly build hospital infrastructures and shelters in the midst of the COVID-19 pandemic. Afrika Umoja, an initiative initiated by Cape Town temporary architecture specialists, HOTT3D with pan-African energy event organizer Africa Oil & Power (AOP) (www.AfricaOilAndPower.com), is tackling the COVID-19 threat in its home city and across Africa. Afrika Umoja will aim to build temporary hospitals, clinics and homeless shelters to combat…

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The Impact of Global oil crisis and Covid-19 lock down has started taken its toll. Major Oil and Gas service provider companies in Pakistan has started working on reducing cost using different strategies which ultimately hits the workforce in general either in the form of dilution of takeaway salaries or loss of employment as the service sectors under pressure has been working on low margins since the 2015 recession. Though Government of Pakistan has float order that “ companies cannot lay off their employees during the Covid-19 lockdown , infact…

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hile we wait to get a clearer picture of the health coronavirus curve in India, we already have the first estimate of the job-destruction caused by the nation-wide lockdown. The numbers are staggering, worse than anything the world has ever known. More jobs were lost in India in the last two weeks than anything ever recorded in economic history. The number of “precariat” in India today may be almost as large as the population of Russia. These are startling claims, even for the unprecedented times that we live in. So…

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The Fauji Foundation has appointed renowned corporate figure Waqar Ahmed Malik as its new Managing Director and Chief Executive Officer. The announcement has recently been made through a notification issued by the foundation. Spanning over 30 years in corporate and business sectors across three continents, Malik has specialty in strategy, corporate/ business leadership and board governance. His professional experience includes managing and leading businesses in the petrochemicals, consumer and the life sciences industry. Malik’s career began with the ICI group based in the United Kingdom and then Akzo Nobel in…

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KARACHI: Pakistan’s public debt rose by 5.14 percent to Rs1.635 trillion in the eight months of the current fiscal year, mainly due to increase in domestic debt accumulation, the central bank data showed on Tuesday. Public debt was Rs33.421 trillion at the end of February 2020, up from Rs31.786 trillion till end June 2019. Domestic debt increased 7.02 percent to Rs22.188 trillion at the end of February, while foreign debt rose slightly up 1.60 percent to Rs11.232 trillion. The growth in Pakistan’s overall debt stock remains up driven primarily by…

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