Muzaffarabad ( IoK News): For the first time in the history of the divided state of Jammu and Kashmir, a private airline will operate from the Pakistan side of the conflict zone.
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The government of Pakistan administered Jammu and Kashmir formerly known as Azad Jammu and Kashmir has issued a no-objection certificate (NOC) of a new airline under the name of Kashmir Airlines to Mahmoodul Haq, the founder of CareCloud.
Mahmud Haq is the founder and Executive Chairman of CareCloud. Prior to founding CareCloud (formerly known as MTBC), Mr. Haq served as CEO and President of Compass International Services Corporation (NASDAQ:CMPS) from 1997-1999.
From 1985 to 1996, Mr. Haq served as Vice President of Global Risk Management for American Express (NYSE: AXP).
Mr. Haq is a graduate of Bridgewater State College (Massachusetts) with a BS in Aviation Management and he has earned an MBA from Clark University (Massachusetts) with a concentration in Finance.
CareCloud delivers the most comprehensive technology-enabled solutions to healthcare organizations of all sizes, spanning a wide range of specialties, all across the country.
The US firm CareCloud which operates some of its services from within Azad Jammu and Kashmir has a market capitalization of US$56.9m. It generated US$4.8m in EBIT over the last twelve months. The company has partnered with a variety of healthcare organizations to extend its reach to more than 40 states. Founded in 2001, MTBC has a global workforce of approximately 1,600 full-time employees.
According to details published in local media, the sitting prime minister of Azad Jammu and Kashmir is keen to attract investment and promote tourism in the region. – End