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Corona Virus directly hit to the Airlines industry. Flight operations are reduced up to 85% and multinationals are adopting the policy of firing their employees from their jobs. In 1st stage they have fired over 55 age group emplyees, if this situation will continue it will go very bad especially for pilots, approximately more 100,000 pilots will be fire and more than 1 Million including professional and non clerical staff will be fire. Top multinationals worldwide grounded their airoplanes and are in huge losses of the entire history.  The world economic outlook of airlines industry.  -Virgin fires more than 3000 people including 600 Pilots - Virgin Australia folds.   -Finnair returns 12 planes and lays off 2,400 people  -You grounds 22 planes and fires 4,100 people  - Ryanair grounds 113 planes and gets rid of 900 pilots for the moment, 450  more in the coming months  - Norwegian completely stops its long-haul activity!!!  The 787s are retu...

The novel coronavirus which began from China's Wuhan city has now become a pandemic all over the world. Over 20,000 people have lost their lives and over 500,000 have been diagnosed with the disease. Now that everyone has been locked down inside. In the wake of the same, some caught hold of South Korean drama from 2018 titled 'My Secret, Terrius,' . What caught attention was the fact that one of episodes of the show has an uncanny resemblance to today's situation of the outbreak.  The clip that has gone viral shows a man telling his partner why one should stay at home and avoid stepping out later which the scene gets shifted to a hospital where a doctor explains about the mutant coronavirus outbreak which attacks the respiratory organ. Approximately 53 minutes into the episode, it shows a doctor handing over a file to another character. The doctor tells her, "We must do more research, but it looks like a mutant coronavirus."  The concerned recipient replies: ...

According to the stock filing, Summit Bank Limited informed that it received a letter from the Chairman of the Nasser Abdulla Lootah Group, who is also the Chairman of the Summit Bank. Summit Bank has received a notification of interest from a Dubai-based investor HE Nasser Abdulla Hussain Lootah who has expressed his intention to acquire a controlling stake in the bank through fresh investment. I, Mr. Nasser Abdullah Hussain Lootah, am writing to explore the possibility of acquiring at least a controlling stake in Summit Bank Limited by subscribing to fresh equity in the bank. It is also envisaged that this equity injection enable the bank to with the minimum capital requirement and capital adequacy ratio requirements as required by the State Bank of Pakistan. In this regard, an exclusivity agreement has been shared with the board of directors for the confirmation that will ultimately give a green signal to the transactions for executing the deal. The Dubai-based in...