Banking

Who would have thought in their wildest imagination that such a day would come when working-from-home would become so mainstream. With the current situation, more than half of the world’s population is under lockdown, giving rise to unprecedented work-from-home scenarios. Now, working from home may not be everyone’s cup of tea. Some say it makes them lazy, while others feel too cosy at home. Is your home network going to be stable enough or can you stay safe from straying away to the first distraction you see? Or what if your child decides to play games or watch movies on your phone and drains out the battery? These might just be a few of the things that run in your mind when you consider working from home, especially if you are someone who has not worked remotely 100 percent. However, this is just a new setting to get adapted to and one of the tools we tend to rely on the most right now is our smartphone. Not to worry, because with the Huawei P40 Pro’s 5G capabilities, flagship perf..

Airblue is suspending all international and domestic flights from 15th of April till June 30th, 2020, we have confirmed with sources. Keeping the current situation in view and in order to avoid unnecessary bookings and subsequent cancellations, the authorities at Airblue have decided to cancel all its flight till the end of June. Sources revealed that Airblue is committed to restarting both its domestic and international operations as soon as there is clarity and the current situation improves. It is to be noted that Airblue has the largest route network after PIA. Airblue is not the only airline that has suspended its international operations. PIA’s international and domestic flights operations have also been suspended till 11th April 2020 in compliance with instructions of the Civil Aviation Authority of Pakistan. Worldwide, major airlines have taken the decision of suspending their flights partially or completely for a limited time period to stop the spread of the pandemic.

Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the first quarter ended March 31, 2020. PTCL GROUP The company has reported a consolidated loss of Rs. 406.72 million as compared to a profit of Rs. 1.99 billion in the same period last year. PTCL Group’s revenue of Rs 31.8 Billion in Q1 2020 was lower by 5% as compared to Rs. 33.53 billion recorded in the same period of last year. Overall PTCL’s operating profit and bottom line have deteriorated over last year due to rupee devaluation, increase in interest rates, higher power tariffs and the effects of COVID-19 pandemic. According to a company’s statement, when normalized for the impact of certain regulatory changes, the revenue is 3% higher than Q1 2019 on a like-for-like basis. UBank, a microfinance banking subsidiary of PTCL, continued its growth momentum and has achieved a 44% growth in its quarterly revenue over last year. PTCL ..

Pakistan International Airlines (PIA) is going to expand its relief operations to repatriate stranded Pakistanis from abroad due to the coronavirus pandemic. The decision was taken after PALPA called off its strike and more PIA pilots decided to volunteer for the special flight operations to evacuate people stuck abroad. PIA administration has issued directives in this regard, asking expatriates willing to return to approach the national airline. ALSO READ PAF Comes to Help PIA to Bring Back Pakistanis Stranded Abroad Following the development, the national flag carrier issued a revised flight schedule, according to which a flight will take off tomorrow to repatriate Pakistani citizens from Denmark. Three relief flights will be operated on April 11 to bring back hundreds of stranded Pakistanis from Malaysia, Azerbaijan, and Singapore. Over 170 people have been stranded in Kuala Lampur for nearly three weeks. The flight will fly in the diplomatic staff from Malaysia and Singapore...

As a result of Coronavirus-induced lockdown, schools, colleges, universities, and workplaces around the world are being forced to work/teach remotely. Consequently, remote working software are being put to the test as the use of collaboration apps, and video conferencing tools have spiked during last month. Microsoft teams is one of them. Initially, thanks to the sudden rise in its userbase, the platform had to face major service outages. As the number of users keeps increasing, the tech giant, in its attempt to offer uninterrupted services, has introduced several new features in an update. The new features are: Interoperability: users will be able to make calls and send messages from Teams to Skype and vice versa. Virtual meetings: people will be allowed to change backgrounds while on virtual meetings similar to what Teams competitor Zoom offers. Chatting: the update brings along a multi-window feature, which will allow everyone to use separate windows for each chat. Members per te..