Daily Archives: September 15, 2020

Khushhali Microfinance Bank Limited partners with UAIL for auto financing

Karachi, September 15, 2020 (PPI-OT): Khushhali Microfinance Bank Limited (KMBL) said Tuesday that it had signed an MOU with United Auto Industries (Pvt.) Limited to facilitate Khushhali Microfinance Bank customers with two wheeled and three wheeled vehicles. Under the partnership,

Demand for Karachi’s infrastructure rebuilding

Karachi, September 15, 2020 (PPI-OT): Chairman Businessmen Group (BMG) and Former President Karachi Chamber of Commerce and Industry (KCCI) Siraj Kassam Teli, while warmly welcoming finalization of an eight-member committee formed for effective implementation of Rs1.1 trillion Karachi Package, said,

FPCCI demands concrete steps to develop tribal areas

Karachi, September 15, 2020 (PPI-OT): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday demanded concrete steps to develop Khyber Pakhtunkhwa and tribal areas to ensure lasting peace. The government should promote trade and industry in these

PACRA Maintains Asset Manager Rating of AL Habib Asset Management Limited

Lahore, September 15, 2020 (PPI-OT): AL Habib Asset Management Limited (Formerly: Habib Asset Management Limited) was in the process of transformation with Bank AL Habib acquiring entire shareholding (from 30%) in the Company to make it a wholly owned subsidiary

PACRA Upgrades Stability Rating of Pak Oman Advantage Islamic Income Fund

Lahore, September 15, 2020 (PPI-OT): The rating incorporates the fund’s moderate risk level. The asset allocation comprises of ~83% of fund’s assets as cash balances at end Jun’20. Fund’s exposure in Sukuks decreased to ~11%, as compared to Dec’19, having

COVID-19 claims three more lives in Sindh

Karachi, September 15, 2020 (PPI-OT): As many as three more patients died due to corona virus, lifting the death toll to 2,448 while 341 new cases emerged when 13642 tests were conducted. This was stated by Sindh Chief Minister Syed

PIA announces special flight operations to Najaf and Baghdad

Karachi, September 15, 2020 (PPI-OT): PIA has announced its special flight operations to Najaf and Baghdad for Arbaeen; the flight schedule has been finalized said PIA spokesman. Passengers can now travel from Karachi, Lahore and Islamabad to Najaf and Baghdad.

Moazzam Ahmad Khan assumes responsibilities as the new High Commissioner for Pakistan to the United Kingdom

London, September 15, 2020 (PPI-OT): Moazzam Ahmad Khan arrived in London today and assumed the charge of the office of High Commissioner for Pakistan to the United Kingdom. Mr Khan’s diplomatic career spans over three decades. Prior to his current

Petroleum prices to remain unchanged for next 15 days

The government has decided to maintain the petroleum prices unchanged for next fifteen days. According to Finance Ministry, the previous prices will remain same till 30th of this month.   Source: Radio Pakistan

Rashakai SEZ will prove to be a game changer: Taimur

Khyber Pakhtunkhwa Minister for Finance Taimur Saleem Jhagra says Rashakai Special Economic Zone will prove to be a game changer in economic development of the province. In a tweet on Tuesday, he said Rashakai is ideally located as an export