Pilots and test crew members from the U.S. Federal Aviation Administration and Boeing are slated to begin a three-day certification test campaign for the 737 MAX on Monday, people familiar with the matter told Reuters. The test is a pivotal moment in Boeing’s worst-ever corporate crisis, long since compounded by the COVID-19 pandemic that has مزید پڑھیں

The Aviation Division has declared licences of 160 pilots from national flag-carrier Pakistan International Airlines (PIA), Airblue and SereneAir ‘suspicious’ and orderd the management of the airlines to immediate ground the aviates on Friday. The aviation authority issued directives to the management of the airlines to immediately ground the pilots who were possessing suspicious licences. مزید پڑھیں

The government on Friday increased the prices of all petroleum products by up to nearly Rs26 to share the impact of rising international prices with the consumers. The price of petrol (motor spirit) has been raised by a whopping Rs25.58 to Rs100.10 per litre from the existing Rs74.52, an increase of 25.6 per cent, according مزید پڑھیں

The State Bank of Pakistan (SBP) recorded a decrease of 145.9 million dollars in its foreign exchange reserves during the week ending on June 19. According to the central bank, reserves held by the SBP decreased to 9.961 billion dollars. However, reserves held by the commercial banks increased by 100 million dollars to 6.768 billion مزید پڑھیں

The State Bank of Pakistan (SBP) has received $1billion — $500 million each from World Bank (WB) and Asian Development Bank (ADB) on Wednesday to facilitate the country during its fight against coronavirus. Earlier this month, the ADB had approved a loan worth $500 million to Pakistan to help the country’s coronavirus health and economic مزید پڑھیں

Economic Coordination Committee (ECC) meeting headed by Adviser to Prime Minister on Finance Abdul Hafeez Shaikh on Monday approved measures to lower wheat and flour prices in the country. The private sector was allowed to import wheat, without setting any limit on the quantity, to ensure lower prices, said a handout issued after the ECC مزید پڑھیں

Tokyo stocks opened lower on Monday, with fears over increasing global virus infections outweighing hopes for a resumption of business activity, and investors eyeing economic indicators due this week. The benchmark Nikkei 225 index was down 0.55 percent or 123.92 points at 22,354.87 in early trade, while the broader Topix index fell 0.37 percent or مزید پڑھیں

Global credit rating agency Fitch Ratings has said Pakistan’s fiscal targets for the next year will be challenging to meet amid the shock to the country’s economy due to the coronavirus pandemic. “Public finances are a key credit weakness, as we noted even before the health crisis took hold when we affirmed Pakistan’s rating at مزید پڑھیں

Bombardier’s (BBDb.TO) chief executive said on Thursday the Canadian company has held “well-advanced” talks with Alstom (ALSO.PA) over remedies as it pursues regulatory approval for the sale of its rail division to the French giant. EU antitrust regulators have set a July 16 deadline for a decision on whether to clear the French TGV high-speed مزید پڑھیں

A record rebound in U.S. retail sales, fresh support from the Federal Reserve and Bank of Japan, and upbeat trial results for a COVID-19 treatment boosted risk appetite on Tuesday, driving equity markets higher and strengthening the dollar. U.S. Treasury yields rose and demand for lower-rated southern European debt increased on the upbeat sentiment, even مزید پڑھیں