Category Archives: Business News

Zong 4G celebrates 10 Years of Excellence

Islamabad, January 30, 2019 (PPI-OT): Zong 4G, Pakistan’s No.1 Data Network commemorated “10 years of Excellence”. The event was attended by Dr. Khalid Maqbool Siddiqui, Federal Minister for Information Technology and Telecommunication, His Excellency, Mr. Yao Jin, the Chinese Ambassador …

UNRWA appeals for $1.2 billion to fund vital services for Palestine refugees

Geneva The United Nations Relief and Works Agency for Palestine Refugees (UNWRA) has launched an appeal for $1.2 billion to fund vital services and life-saving aid for 5.4 million Palestinian refugees in Gaza, West Bank and across the Middle East.Speak…

Azerbaijan keen to promote trade ties with Pakistan

Islamabad, January 29, 2019 (PPI-OT): Chingiz Coribhi, Deputy Head of Mission, Embassy of Azerbaijan visited Islamabad Chamber of Commerce and Industry and said that his country was keen to further enhance trade ties with Pakistan as both countries have tremendous …

9 martyred, 12 injured in attack on DIG Office Loralai, Balochistan

Nine people, including three policemen, were martyred and more than a dozen were injured in a terrorist attack on the office of the Deputy Inspector General of Police Zhob division at Loralai today.According to police sources, the DIG compound has been…

BMP says Pakistani rupee was one of the world’s worst-performing currencies last year, losing 26 percent

Lahore, January 28, 2019 (PPI-OT): The Businessmen Panel (BMP) for Federation of Pakistan Chambers of Commerce and Industry hoped that now Pakistan Rupee will be stable after increasing in country foreign reserves as 18th January 2019, The SBP liquid foreign …

K-Electric’s Facilitation Camps Continue in Full Swing; Over 100,000 Customers Registered

Karachi, January 28, 2019 (PPI-OT): In the weeks since K-Electric’s announcement of a massive non-discriminatory crackdown against power-theft and defaulters, more than a hundred thousand customers have visited KE’s customer facilitation camps and Customer Care Centres to benefit from the …

Pakistan’s GSP Plus status extended for full labour laws compliance

Lahore, January 28, 2019 (PPI-OT): The Pakistan Hosiery Manufacturers Association has welcomed various policy initiatives and schemes of the government at domestic level in order to achieve sustainable growth, modernization and value addition, asking the authorities to also work for …

ICCI thanks government for restoring old gas tariff for Tandoors

Islamabad, January 28, 2019 (PPI-OT): Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce and Industry has thanked Asad Umar Federal Minister for Finance and SNGLP management for accepting the request of Chamber and restoring the old gas tariff for Tandoor …

PACRA Withdraws Entity Ratings of H.A Fibres (Private) Limited

Lahore, January 28, 2019 (PPI-OT): Subsequent to the decision of the management of H.A Fibres (Pvt.) Limited, PACRA withdraws the Entity Ratings with immediate effect.

For more information, contact:
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, …

JCR-VIS Assigns Initial Ratings to Siara Textile Mills (Private) Limited

Karachi, January 28, 2019 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of ‘BBB-/A-2’ (Triple B Minus/A-Two) to Siara Textile Mills (Pvt.) Limited (STML). The medium to long-term rating of ‘BBB-’ denotes adequate credit quality coupled with …