The UK-based Civil Aviation Authority (CAA) has awarded a cash management mandate to Barclays Bank Pakistan for managing collections from non-scheduled flights’ customers across Pakistan.
The bank said that the new cash management system (CMS) would improve the operator’s turnaround time for flights both in and out of the country and provide instant access to information to all key stakeholders at the CAA for monitoring, coupled with improved cash flows.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
The proposals of both US presidential candidates could shake up operating conditions in several sectors, reports the credit ratings agency.
The Danish shipping and oil conglomerate confirmed that it will separate its businesses into stand-alone transport and energy divisions.
The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.