Shenyang: The 6th Hun River Symphonic Music Festival Opened Grandly

SHENYANG, China, Sept. 8, 2020 /Xinhua-AsiaNet/— The 6th Hun River Symphony Music Festival opened grandly in Shenyang on the evening of September 4th.
The 6th Hun River Symphony Music Festival opened grandly in Shenyang on the evening of September 4th.
The theme of the festival is “Winning the overall well-off, sharing a better life”. Four performances are arranged from 4th to 9th in September, accRead More…

Shan Ashary appointed K-Electric Chairman

Karachi, September 08, 2020 (PPI-OT): K-Electric is pleased to announce the appointment of Mr. Shan A. Ashary as it’s new Chairman of the Board effective 7 September 2020. Mr. Ashary, who has been on the Board of Directors of the Company since 2005 and represents the KES Power stake in KE, is the longest-serving member of the board. As the new Chairman, his focus will be on operational excellence at the Company acrRead More…

IFC Supports BOI in More Proactively Targeting Investors

Islamabad, September 08, 2020 (PPI-OT): Moves are now underway to target investors to key sectors in Pakistan’s economy including auto and auto part manufacturing, food and beverages, information technology, logistics and textiles, as part of a bid to spur new jobs and help in the recovery post COVID-19.
The International Finance Corporation, IFC, the largest development organization working with the private sectorRead More…

Federal Minister for Science and Technology assured to support R and D requirement of the projects proposed by Pakistan Chemical Manufacturers Association

Lahore, September 08, 2020 (PPI-OT): Mr. Fawad Hussain Chaudhry, Federal Minister for Science and Technology (MOST), has assured to support R and D requirement of the projects proposed by Pakistan Chemical Manufacturers Association (PCMA) for indigenous production of the chemical products, which are currently being imported from abroad by spending huge amount of foreign exchange. PCMA Chairman Mr. Abrar Ahmad, in a pRead More…

PACRA Maintains Stability Rating of Pak Oman Government Securities Fund

Lahore, September 08, 2020 (PPI-OT): The rating reflects the fund’s strong credit quality and a sound liquidity profile emanating from the fund’s policy to invest 70% of asset in a mix of short-term and long-term government securities. At end Jun’20, ~22% of the fund’s exposure was in Term Finance Certificates (TFCs), ~25% of the fund exposure was in PIBs and ~40% was maintained in T-Bills. ThRead More…

COVID-19 will widen poverty gap between women and men, new UN Women and UNDP data shows

Islamabad, September 08, 2020 (PPI-OT): The COVID-19 crisis will dramatically increase the poverty rate for women and widen the gap between men and women who live in poverty, according to new data released today by UN Women and the United Nations Development Programme (UNDP). The poverty rate for women was expected to decrease by 2.7 percent between 2019 and 2021, but projections now point to an increase of 9.1 perceRead More…

Proposal to Provide Social Security Benefits Even on Natural Death: Minister Labour

Lahore, September 08, 2020 (PPI-OT): Mr. Ansar Majeed Khan Minister for Labour and HR chaired a progress review meeting at PESSI Head Office. Mr. Khalid Mehmood Malhi Vice Commissioner PESSI briefed the Minister regarding collection of Social Security Contribution, registration of new Units, Purchase of Medicine and Medical Equipments as well latest progress on automation programme. The Minister Labour directed the VRead More…

Punjab Local Government and Community Development Department to Adopt HRMI System for Improved Governance: Secretary LG and CD

Lahore, September 08, 2020 (PPI-OT): Another important step taken by Punjab Local Government and Community Development Department towards good governance. It has been decided to introduce Human Resource Management Information (HRMI) System in the department through which the attendance and work of every employee in the office will be monitored. A meeting was held with the senior officers in the Civil Secretariat undeRead More…

Chief Minister Punjab Approves Launch of Punjab Employment Scheme

Lahore, September 08, 2020 (PPI-OT): Chief Minister Punjab Sardar Usman Buzdar has approved Punjab Employment Scheme worth Rs.30 billion. In this regard, MD PSIC gave a briefing to the CM about the salient features of the scheme and informed the participants that an online portal has also been created in collaboration with the PITB. Giving details of this initiative, the chief minister stated this scheme is aimed at Read More…

Chief Minister Punjab Chairs Meeting to Ease the Process of Establishing New Cement Factories

Lahore, September 08, 2020 (PPI-OT): Chief Minister Punjab Sardar Usman Buzdar chaired a meeting at Punjab assembly here on Tuesday about easing the process of setting up new cement factories in the province. The CM directed to make easy the complicated and lengthy process of establishing cement factories as PTI government is creating ease of doing business. The easy process of establishing cement factories will boosRead More…