KARACHI: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari has constituted provincial parliamentary boards for the next general election. The PPP has formed separate parliamentary boards for the four provinces which will be responsible for deciding the candidates for the elections. The parliamentary board will recommend candidates to the PPP chairman for the issuance of … Read more
Spirit Airlines shareholders urged the low-cost carrier to abandon its merger with Frontier Group. Discovery Capital Management LLC owns 1.4% of Spirit. The company is the second major Spirit shareholder to publicly back a merger with JetBlue Spirit Airlines Inc (SAVE.N) investor Discovery Capital Management LLC on Tuesday encouraged the minimal expense transporter to leave … Read more
Video-game retailer GameStop’s board approves a four-for-one stock split. A stock split makes shares more affordable for individual investors by lowering the price without affecting the company’s valuation. GameStop was at the center of last year’s “meme stock” trading frenzy. GameStop Corp’s (GME.N) board has endorsed a four-for-one stock split that will make it more … Read more
KARACHI: K-Electric has announced revised load shed schedule for customers effective from July 1, to provide relief to customers experiencing nighttime load shed, an official said. The shortfall in K-Electric territory has increased from an average of 250MW to 350MW to almost 450MW to 500MW due to rising temperatures and curtailed fuel supply. K-Electric spokesperson … Read more
Saudi Telecom (7010.SE) announced on Sunday that its board of directors has requested an increase in capital of $8 billion. The capital increase would entail the issuance of 30 billion new shares a 150 percent increase, with shareholders offering 1.5 new shares for each share they currently own. Saudi Telecom (7010.SE) announced on Sunday that … Read more
Top House Republicans are commenting on news that the Biden administration’s “Disinformation Governance Board” has been halted following widespread criticism over free speech issues, claiming it is the “best move” by the Biden administration due to its plainly political intent. According to The Associated Press, the misinformation board has been placed on hold, and director … Read more
TOKYO: Only four months have passed since Japan’s Ayumu Hirano competed at the Tokyo Games, now he is gearing up for another crack at Olympic gold — this time on Beijing’s snow in February. Hirano took part in the park competition as skateboarding made its Olympic debut this summer, missing out on the eight-man final … Read more
The Pakistan Cricket Board (PCB) on Thursday announced the final 12-member squad for the first T20I against Bangladesh. The first T20I will be played between the two sides on November 19 at the Sher-e-Bangla Cricket Stadium. The match is scheduled to start at 1400 local time. In the final 12-member squad, Imad Wasim and Asif … Read more
KARACHI: The Sindh Engro Coal Mining Company (SECMC) board has approved the expansion of its Thar Coal Block II mine to 12.2 million tonnes/annum (Phase III), a statement said. With this expansion, coal price of SECMC mine will reduce to $27/tonne, it added. SECMC is expected to complete this expansion by June 2023. At a … Read more
Cricket boards have made major changes in Test cricket shirts to finance the boards. The ICC has allowed commercial logos on players’ test shirts to boost countries’ revenue. The severe blow to the economy caused by the coronavirus has also affected cricketing nations, how to make up for the loss and increase revenue in difficult … Read more
