NRL begins Euro II HSD production
KARACHI: National Refinery (NRL) has said its diesel hydro desulphurisation (DHDS) and auxiliary units have commenced operations which enabled the refinery to comply with the government directives to produce high speed diesel meeting low sulphur (500ppm) Euro-II specifications.
In a notice to Pakistan Stock Exchange on Wednesday, the refinery said the DHDS plant has a potential to reduce sulphur content to a value as low as 10ppm.—Staff Reporter
Nauman Ansari to be CEO of Bank Alfalah
ABU DHABI: The board of directors of Bank Alfalah Ltd has announced the resignation of Atif Bajwa as the bank’s president and CEO, according to a press release issued on Wednesday.
Nauman Ansari, formerly the CEO of Faysal Bank, has been appointed as his successor. Mr Bajwa, who held the office for more than five years, will be stepping down for personal reasons.
The appointment of Mr Ansari, who has served various banks during his 24-year professional career, is subject to legal and regulatory approvals.
Atlas Battery approves plant expansion
KARACHI: The board of directors of Atlas Battery in their meeting on Wednesday approved the annual budget of the company for 2017-18. They also approved capital expenditure of
Rs1.42 billion for expansion of production capacity, the company notified to the Pakistan Stock Exchange.
Oppo eyes world market
DONGGUAN: With its army of salespeople and vast network of outlets, a relatively new smartphone maker has exploded in popularity to overtake global giants Apple and Samsung in China’s market — and now it has its eye on the West.
Oppo began life selling DVD players in the in the southern manufacturing hub of Dongguan a little more than a decade ago and only broke into the handset market in 2011.
But with an aggressive marketing strategy and concentration on bricks-and-mortar stores in small and medium-sized cities — rather than relying on online customers — sales have soared.
Published in Dawn, June 22nd, 2017
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