Friday, November 20, 2015

PNSC signs loan agreement with Faysal Bank

By Abdul Qadir Qureshi
(Pakistan News & Features Services)
The Pakistan National Shipping Corporation (PNSC) has successfully swapped its loan of Rs 3.3 billion with another loan on soft terms with a repayment period of four years on low mark-up. As a consequence, the PNSC has saved tens of millions of Rupees.
In this respect, a signing ceremony was held in the PNSC Building on November 18 which was attended by Senator  Kamran Michael,  Federal Minister Ports and Shipping, Arif Elahi, Chairman, PNSC, Tayyaba Rasheed, Head of Investment Banking Faysal Bank, Jarrar Haider Kazmi, General Manager Finance,  PNSC, and other officials of the two organizations.
The agreement was signed by Bilal Asghar, Head of Corporate Investment Banking on behalf of Faysal Bank and Imtiaz C Agboatwala Executive Director, Finance, signed on behalf of the PNSC.
On this occasion Arif Elahi, Cjairman, PNSC, informed that the agreement has enabled the corporation to repay the outstanding loan and replace with a loan on softer terms, saving substantial financial cost.

Veteran mathematician Prof Dr Rana Khalid Naeem passes away

By Abdul Qadir Qureshi
(Pakistan News & Features Services)

The mathematics department of the Sir Syed University of Engineering & Technology, (SSUET), and the Karachi Mathematical Association (KMA) have condoled the sad demise of Prof Dr Rana Khalid Naeem, a former Chairman of the mathematics department of the University of Karachi, who passed away the other day. 

The meeting was presided over by the SSUET’s Vice Chancellor, Prof Dr Jawaid H Rizvi, who is also the President of the KMA. 

He recalled the services of Dr Rana Khalid in the field of mathematics and highlighted his achievements and contribution towards the promotion of mathematics. 

The President and members of KMA offered Fateha and prayed to Allah to rest the departed soul in eternal peace and grant fortitude to the family and the circle of friends to bear the great loss.