Category Archives: Business News

PACRA Maintains Stability Rating of Atlas Money Market Fund

Lahore, April 17, 2019 (PPI-OT): The objective of the fund is to provide a stable income stream with the preservation of capital by investing in AA and above rated banks and short-term government securities.

The rating reflects very strong credit …

PACRA Maintains Stability Rating of Alfalah GHP Money Market Fund

Lahore, April 17, 2019 (PPI-OT): The objective of the fund is to generate competitive returns consistent with low risk from a portfolio constituted of short-term instruments including cash deposits, money market placements and government securities. The Fund will maintain a

PACRA Maintains Stability Rating of Atlas Islamic Income Fund

Lahore, April 17, 2019 (PPI-OT): The objective of the fund is to seek preservation of capital and reasonable rate of return from a broadly diversified portfolio of long, medium and short-term, high-quality Islamic income instruments.

The rating incorporates the fund’s …

UKPCCI delegation keen to invest in multiple sectors of Pakistan

Islamabad, April 17, 2019 (PPI-OT): Amjad Khan, President, UK-Pakistan Chamber of Commerce and Industry said that his delegation has come with serious plans to invest in multiple sectors of Pakistan including tourism, real estate, hospitality industry, IT and telecom, health,

Kyrgyzstan expects to receive largest influx of tourists in 2019

Bishkek About 7 million foreigners, with more than half of them being tourists, visited Kyrgyzstan in 2018, Deputy Minister of Culture, Information, and Tourism Maksat Damir Uulu told journalists here on Tuesday.During a press conference at Kyrgyz Nati...

ICCI strongly opposes proposed increase in municipal taxes

Islamabad, April 16, 2019 (PPI-OT): Iftikhar Anwar Sethi, Acting President, Islamabad Chamber of Commerce and Industry has said that Municipal Corporation Islamabad (MCI) has proposed manifold increase in next budget in municipal taxes including trade license fee, signboard tax, property

Pakistan Stock Exchange remains bearish on Tuesday

The Pakistan Stock Exchange was bearish today (Tuesday).The KSE-100 Index closed today (Tuesday) at 37381.95 points as compared to 37504.08 points on the last working day with a negative change of 122.13 points.The total turnover was 139,997,140 as com...

36th International Drug Enforcement Conference kicks off in Baku

Baku The 36th International Drug Enforcement Conference (IDEC), co-organized by Azerbaijans State Commission on Combating Drug Abuse and Illicit Drug Trafficking, State Customs Committee of Azerbaijan and U.S. Drug Enforcement Administration (DEA), kic...

AJK Govt decides to facilitate investors in tourism sector through One Window Operation

The Azad Jammu and Kashmir government has decided to facilitate investors in tourism sector through One Window Operation.The decision was taken at a meeting presided over by AJK Prime Minister Raja Farooq Haider in Muzaffarabad today.It was also decide...

PCB thanks Rawalpindi fans for making Pakistan Cup 2019 a success

The Pakistan Cricket Board has thanked the passionate and lively Rawalpindi crowds for making the Mughal Steel Pakistan Cup 2019 a successful event.Khyber Pakhtunkhwa reclaimed the title which they first won in 2016 when they defeated Balochistan by ni...