Karachi Package amount not sufficient: Siraj Teli

Karachi, September 28, 2020 (PPI-OT): Chairman Businessmen Group (BMG) and Former President KCCI Siraj Kassam Teli, while accusing all politicians for numerous crises being faced by the country, stated that it was really unfortunate that well-educated and competent people do not participate in the elections or make any attempt to come up at the helm of the affairs which brings those incompetent and undeserving peopleRead More…

Employers Federation of Pakistan demands restoration of SITE drains

Karachi, September 28, 2020 (PPI-OT): “The prime reason for the deteriorated and dilapidated condition of SITE Karachi has been the illegal allotment, annexation, encroachment and regularization of open drains (Nullahs). The recent rains have exposed the criminality done to majority of the industries due to the connivance of certain industrialists and the management of SITE LTD, a quasi-government body that manRead More…

PACRA Maintains the Asset Manager Rating of First Capital Investments Limited

Lahore, September 28, 2020 (PPI-OT): The rating reflects the company’s modest market share, adequate organizational structure, weak fund performance and limited fund slate comprising a single fund. The Company’s AUMs have witnessed up stick by 8.8% since Jun’19 and stood at PKR 106mln at end Jun-20. The net losses of the Company has been decreased from PKR 49mln (Jun-19) to PKR 5mln (Jun-20), due toRead More…

Ratings of Summit Bank

Karachi, September 28, 2020 (PPI-OT): Summit Bank Limited has made an announcement of its CY2018 results. Moreover, through a letter dated March 30th 2020 the Bank has intimated to the PSX firm intention of a prospective investor to acquire majority stake in the Bank while ensuring compliance with Minimum Capital Requirement and Capital Adequacy Ratio as prescribed by the State Bank of Pakistan. The proposed transactRead More…

Daraz inaugurates New Head Office in Karachi

Karachi, September 28, 2020 (PPI-OT): Daraz, the leading online marketplace in the country, on Monday, 28th September 2020 inaugurated it’s the new head office at Sky Tower, Dolmen City, Karachi with guest of honour Federal Minister for Information Technology and Telecommunication Syed Aminul Haque present.
With open-floor plans, pods, and meeting corners, the office offers employees a new space that facilitates eaRead More…

Zong to Accelerate Digitalization in Rural Balochistan through USF Contract

Islamabad, September 28, 2020 (PPI-OT): Taking a major stride towards its mission of accelerating digital inclusion in the underserved areas of Pakistan, Zong 4G has won a USF project to power some areas of rural Balochistan with high-speed mobile broadband. The Universal Service Fund (USF) has awarded Zong with a contract to provide high-speed mobile data services in 227 unserved areas of Jaffarabad, Naseerabad and Read More…

COVID-19 claims 3 more lives in Sindh

Karachi, September 28, 2020 (PPI-OT): As many three more patients of coronavirus died overnight lifting the death toll to 2,495 and 378 new cases emerged when 12,097 samples were tested raising the tally to 136,395. This was stated by Sindh Chief Minister Syed Murad Ali Shah in a statement issued here on Monday.
Mr Shah said that three more patients of COVID-19 died overnight lifting the death toll to 2,495 that consRead More…

PIA achieved another milestone when its TGS Technical Ground Support section received GHOC Ground Handling Operator Certificate from CAA Pakistan

Karachi, September 28, 2020 (PPI-OT): PIA has achieved yet another milestone when its TGS Technical Ground Support section received GHOC Ground Handling Operator Certificate from CAA Pakistan. The certification will allow PIA to act an operator offerings its services to other foreign carriers as well.
The certificate was presented to CEO PIA, Air Marshal Arshad Malik at the Airlines Head Office. The grant of CertificRead More…

PIA achieved another milestone when its TGS Technical Ground Support section received GHOC Ground Handling Operator Certificate from CAA Pakistan

Karachi, September 28, 2020 (PPI-OT): PIA has achieved yet another milestone when its TGS Technical Ground Support section received GHOC Ground Handling Operator Certificate from CAA Pakistan. The certification will allow PIA to act an operator offerings its services to other foreign carriers as well.
The certificate was presented to CEO PIA, Air Marshal Arshad Malik at the Airlines Head Office. The grant of CertificRead More…

Asian Development Bank approves $300 Million Loan to Develop Capital Markets in Pakistan

Manila, September 28, 2020 (PPI-OT): The Asian Development Bank (ADB) today approved a $300 million policy-based loan to help strengthen Pakistan’s finance sector by supporting measures to develop competitive capital markets and encourage private sector investment in the country.
“Capital markets act as a major catalyst in transforming the economy into a more efficient, innovative, and competitive marketplace,”Read More…