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CORPORATE WATCH

2017-12-05
PNSC gets new chairman KARACHl: Rizwan Ahmed has been appointedas chairman of the Pakistan National Shipping Corporation (PNSC) with effect from Dec 4, a press release said on Monday.

An officer of the Pakistan Administrative Service of BS-21 grade, Mr Ahmed holds a master`s degree in public administration from Harvard University, it added.-Staff ReporterLamborghini joins the boom in supercar SUVs MILAN: Lamborghini unveils the once-improbable Urus SUV on Monday at its headquarters in Sant`Agata, Italy, where the supercar maker owned by the Volkswagen group is expanding the factory to meet utility vehicle demand.

Analysts say that the move into SUVs has become a natural fit for most brands, even supercar makers like Lamborghini, despite the risk of alienating aficionados.

The decision to enter the SUV market was a no-brainer for Lamborghini, which as part of the VW group shares luxury SUV platforms with the Bentley Bentayga and the Audi Q7, bringing down development costs and increasing profit margins.-APIreland to collect 13bn euros from Apple DUBLIN: The Irish government has reached anagreement with Apple to start collecting the 13 billion euros ($15bn) owed by the tech giant, it announced on Monday.

`We have now reached agreement with Apple in relation to the principles and operation of the escrow fund,` Finance Minister Paschal Donohoe said in Brussels in quotes confirmed to AFP by Ireland`s finance ministry.

`We expect the money will begin to be transmitted into the account from Apple across the first quarter of next year,` he added before a meeting with the EU`s Competition Commissioner Margrethe Vestager.-AFP