IBM appoints Ghazanfar as Country GM Pak
ISLAMABAD—IBM, Thursday, announced the appointment of Ghazanfar Ali as Country General Manager, IBM Pakistan. He succeeds Humayun Bashir who served as Pakistan’s Country General Manager for sixteen years.
Ghazanfar will be responsible for IBM’s overall business in Pakistan with a focus on deploying IBM’s advanced technology capabilities in Cognitive, Cloud Computing, Big Data and Analytics, Mobile and Security, to solve current and future needs of Pakistan business and industry. followed by UK decision to pull out from European union, however the index made some recovery in the previous session yet it remained almost static today with a slight drop of 0.03 points at 37783 levels here on Thursday.
It may be noted that the week started with Brexit blues dragging the market down by more than 400pts on intra-day basis while mid-week witnessed improved investor sentiment given market’s oversold condition.
Contrary to the expectation of inflows as a result of MSCI decision to upgrade PSX status to emerging market, the Foreign Institutional Portfolio Investment (FIPI) recorded an outflow of US$3.6mn during the week vs US$20.5million outflow last week, whereas the average volume traded fell by 8.1% WoW and the value of shares traded decreased by 13.6% WoW.