BSH to launch home appliances in Pakistan

KARACHI: BSH Hausgeräte GmbH, a wholly owned subsidiary of Robert Bosch GmbH Germany, will be soon launching Bosch home appliance products in Pakistan, a press release said on Tuesday.

“Pakistan has one of the highest growth rates in Asia. This results in an increasing number of households, which have a need for home appliances,” said Gokhan Sigin, the CEO of BSH in the United Arab Emirates and responsible for the Middle Eastern and South Asian region.

ABAD Expo in August

KARACHI: ABAD Expo 2016 will be held at the Karachi Expo Centre from August 12-14, a press release issued by the Association of Builders and Developers (ABAD) on Tuesday said.

Patron-in-Chief of ABAD, Mohsin Sheikhani said a curtain raiser ceremony would be held at the Governor House on May 20. —Staff Reporter

Top 10 hedge fund honchos net $10bn

NEW YORK: Ten top US hedge fund honchos collectively made over $10bn personally in 2015 after racking up huge profits in extremely volatile markets that left rivals in the red, according to a report Tuesday.

Tied for the top spot with $1.7bn in income for just one year were Citadel’s Kenneth Griffin and Renaissance Technologies’ James Simons, according to the “rich list” published by Alpha Magazine.—AFP

Emirates profit soars 56pc as fuel costs fall

DUBAI: A strong US dollar and the “double-edged sword” of low oil prices have hit the revenues of Emirates, but net profit still surged 56 per cent as passenger numbers rose and fuel bills dropped, the airline said Tuesday. Dubai’s carrier said its profit hit $1.9 billion in the financial year 2015-16.

Emirates said however that its revenues dropped 4pc to $23.2bn, mainly as a result of a strong US dollar against currencies in most of its markets.

Published in Dawn, May 11th, 2016