corporate watch

Published June 28, 2016

Allied Bank to install ATMs at Shell stations

KARACHI: Shell Pakistan has entered into a partnership with Allied Bank Limited (ABL) to augment customer experience at their retail sites across Pakistan, a press release said on Monday.

According to the agreement, ABL will install 64 ATMs on Shell forecourts.


Andrew Miskin elected CIMA president

KARACHI: Andrew Miskin has been elected the 83rd president of the Chartered Institute of Management Accountants (CIMA) at the institute’s annual general meeting on Monday, said a press release.


Nissan to sue S. Korea over emission claims

TOKYO: Japanese automaker Nissan said Monday it is taking South Korea to court in response to Seoul’s claims that it manipulated emissions data on a popular sports utility vehicle.

Nissan noted that it has invested heavily in green car technology — particularly electric vehicles — and would continue to “strongly deny” South Korea’s claims.

Nissan paid a $280,000 fine ordered by South Korea’s environment ministry but said it was going to court to try to get the decision overturned.—AFP


China steel giants to merge amid global glut

SHANGHAI: Two of China’s biggest steelmakers are planning to merge, they said, as the industry faces a global glut that has hammered producers worldwide.

Baosteel Group, China’s second-largest steelmaker, is “planning a strategic restructuring with Wuhan Iron and Steel Group”, another giant, both companies’ listed units said in separate statements to the Shanghai stock exchange late Sunday.

But the restructuring plan had not yet been confirmed, the statements said, without giving further details.

The two firms rank fifth and 11th respectively in the world.

Published in Dawn, June 28th, 2016

Opinion

Editorial

Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...
New terror wave
Updated 27 Mar, 2024

New terror wave

The time has come for decisive government action against militancy.
Development costs
27 Mar, 2024

Development costs

A HEFTY escalation of 30pc in the cost of ongoing federal development schemes is one of the many decisions where the...
Aitchison controversy
Updated 27 Mar, 2024

Aitchison controversy

It is hoped that higher authorities realise that politics and nepotism have no place in schools.