Daily Archives: March 1, 2019

Gas thieves sentenced for 10 years, fined Rs. 18 crore

Karachi, March 01, 2019 (PPI-OT): SSGC’s efforts aimed at prosecuting the gas theft miscreants got a major boost when the Anti-Corruption Court (Central) Hyderabad announced a detailed judgment on pilferage in 2016 committed by Shahbaz CNG Station in Jamshoro Hyderabad.…

Jazz cements its position as the fastest mobile network following a second Ookla Award

Karachi, March 01, 2019 (PPI-OT): For a second time running, the Speedtest® Award from Ookla® has gone to Jazz, Pakistan’s leading digital communications company. To win this award, Jazz achieved a Speed Score™ of 16.01, with average speeds

SITE Association expresses solidarity with Armed Forces of Pakistan

Karachi, March 01, 2019 (PPI-OT): Patron-in-Chief Siraj Kassam Teli, Patron Zubair Motiwala and President Saleem Parekh of SITE Association of Industry, have announced full support for the armed forces of Pakistan in the current situation. Addressing the Members of the

Wedding hall disconnected over theft; unpaid dues worth PKR 8.7 million

Karachi, March 01, 2019 (PPI-OT): K-Electric teams along with Law-Enforcement Agencies (LEAs) disconnected B and G (Bride and Groom) Banquet Hall in Gulistan-e-Jauhar, Block 16, on account of unpaid dues close to PKR 8.7 million and dismantled an illegal network

Businessmen of Singapore keen to invest in Pakistan: Shamsher Zaman

Lahore, March 01, 2019 (PPI-OT): A high powered business delegation from Singapore Friday had B2B meetings with their Pakistani counterparts to explore new trade and investment opportunities in Pakistan. The delegation members were representing a wide range of sectors such

KCCI invited to participate in SelectUSA Investment Summit

Karachi, March 01, 2019 (PPI-OT): Senior Commercial Officer at Consulate General of the United States of America Mark Russel has invited the Karachi Chamber of Commerce and Industry (KCCI) to participate in the 2019 SelectUSA Investment Summit scheduled to be

PACRA Assigns Initial Entity Ratings to Zahir Khan and Brothers

Lahore, March 01, 2019 (PPI-OT): The ratings reflect the strength of the Zahir Khan and Brothers’ (ZKB) business model. ZKB embarks upon large infrastructure projects in collaboration with different JV partners, which in their own right are established institutions, hailing

PACRA Upgrades Rating of K.K. Rice Mills (Private) Limited

Lahore, March 01, 2019 (PPI-OT): The ratings capture the fresh injection of PKR ~ 175mln in the company as subordinated loan. The sponsor have expressed undertaking to keep the amount as such or convert it into paid-up capital. The ratings

PACRA Assigns Initial Entity Ratings to Oursun Pakistan Limited

Lahore, March 01, 2019 (PPI-OT): Oursun Pakistan Limited (Oursun Pakistan), 50MWp – incorporated in May 2015, operates under the Renewable Energy Policy 2006. The company achieved financial close in June 2017, while funds released from banks in December 2017 owing

PACRA Maintains IFS Rating of Asia Insurance Company Limited

Lahore, March 01, 2019 (PPI-OT): Asia Insurance is an emerging t small-sized general insurance company of Pakistan. It is characterized by a) premium size, b) strong liquidity and c) good coverage to liabilities. Underwriting performance has sustained with a gradual