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corporate watch

October 04, 2016


Quetta WCCI elects president

QUETTA: The Women Chamber of Commerce and Industry (WCCI), Quetta elected Mukhtar Fatima unopposed as president for 2016-17, a press release said. Ambreen Aftab Sheikh and Sadaf Amjad were elected as senior vice-president and vice president.

Facebook launches new ‘marketplace’

NEW YORK: Facebook says some 450 million people use its site mainly the “Groups” feature to buy and sell stuff locally, anything from cars to baby clothes to furniture. Now, the company is launching a separate “marketplace” section that seeks to make it easier to do this.

The last time Facebook tried its hand at such a marketplace was nine years ago, and it didn’t really go anywhere. Like Facebook itself at the time, it was a desktop computer-only product. The latest effort, or course, works on mobile devices, so it’s easier to snap a photo of the item you are selling and upload it on the site.

Facebook Inc. said on Monday the most popular items people currently buy and sell on the service include furniture, cars and clothes. –AP

Binladin Group gets delayed govt funds

RIYADH: Saudi Arabia’s government has transferred delayed funds to construction giant Saudi Binladin Group so it can pay back-wages to its remaining employees, the company said on Monday.

The firm “received some payment in the last couple of weeks”, Yaseen Alattas, Saudi Binladin Group’s chief communications officer, told AFP.

He declined to comment on the amount.

Delayed receipts from the government, whose oil revenues have dropped significantly over the past two years, have left tens of thousands of employees of the kingdom’s construction firms struggling while they wait for salaries.—AFP

Zong plans additional 4G sites

KARACHI: Zong will add an additional 1,000 4G sites across the country by end of this calendar year, said a press release on Monday.

The company has already achieved its 2016 4G rollout plan three months ahead of the schedule.

Published in Dawn October 4th, 2016