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corporate watch

September 14, 2017

OGDC, MOL sign MoU

KARACHI:Oil and Gas Development Company (OGDC) and MOL Group announced on Wednesday a strategic cooperation initiative for evaluating future potential business opportunities in the international upstream exploration and production.

According to a press release, a memorandum of understanding for strategic cooperation was signed by MOL Pakistan Oil and Gas Company CEO Graham Balchin and OGDC Managing Director Zahid Mir.

Pakistan Banking Awards on 19th

KARACHI: The 2nd Pakistan Banking Awards 2017 will be held on Sept 19 to highlight the fundamental development of the banking sector achieved through technology based services, a press release issued on Wednesday said.

iPhone X and Apple’s pricing strategy

CUPERTINO: Apple has made a luxury iPhone that punctuates its technological swagger with a high-priced exclamation point. And that exclamation point appears to be a sign of things to come.

The long-anticipated iPhone X unveiled Tuesday will sell for $999, double what the original iPhone cost a decade ago and more than any other competing device on the market.—AP

Toshiba picks US-led consortium

TOKYO: Cash-strapped Japanese industrial giant Toshiba said Wednesday it had picked a consortium led by US investor Bain Capital as the leading candidate to buy its prized chip business in a deal reportedly worth some $18 billion. The development was the latest twist in a long-running saga as Toshiba agonises between three groups of suitors for its lucrative chip business.

Published in Dawn, September 14th, 2017