FPCCI demands State Bank of Pakistan to extend Refinance Scheme

Karachi, September 29, 2020 (PPI-OT): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded of the State Bank of Pakistan (SBP) to consider extension in Refinance Scheme to support employees and prevent layoff of workers due outbreak of Corona Virus, by December 31, 2020.
Mian Anjum Nisar, President FPCCI while appreciating the initiative of SBP for introducing Refinance Scheme, which had Read More…

Abdul Hadi elected as president of SITE Association of Industry

Karachi, September 29, 2020 (PPI-OT): Abdul Hadi has unanimously been elected unopposed President of SITE Association of Industry while Riazuddin Senior Vice President and Abdul Kadir Bilwani elected as Vice President for the year 2020-21. The newly elected office bearers will assume charge of their offices from 1st of October, 2020.
Siraj Kassam Teli, Patron-in-Chief, SITE Association of Industry, M. Zubair MotiwalaRead More…

Infinix and Atif Aslam join hands to launch the Much-Awaited Infinix Zero 8

Lahore, September 29, 2020 (PPI-OT): Infinix, Pakistan’s top selling smartphone brand is gearing up to launch its latest flagship, the Infinix Zero 8 in collaboration with the legendary pop musical icon Atif Aslam. The brand has roped in one of the country’s most loved names to represent the highly anticipated and much-awaited Zero 8 in Pakistan.
Widely considered as Pakistan’s most accomplished musician who haRead More…

SMEDA One-Window Program starts working

Lahore, September 29, 2020 (PPI-OT): The Small and Medium Enterprises Development Authority (SMEDA) One-Window (SOW) has started operation to provide the prospective SMEs with the easiest way for starting up a business. The SOW is offering free business registration services with the regulatory authorities including the registration with Tax Department, Employees Oldage Benefits Institutions (EOBI) and Employees SociRead More…

CEO IMC Ali Asghar Jamali Elected as New Chairman PAMA

Karachi, September 29, 2020 (PPI-OT): The Pakistan Automotive Manufacturers Association (PAMA) has announced the results of its elections for the term of 2020-21 held on September 25th under the terms of Trade Organization Rules 2013. The newly elected office bearers and Executive Committee members of the association will take charge effective 1st October.
Mr. Ali Asghar Jamali has been elected as the association’sRead More…

PACRA Upgrades Entity Ratings of Ismail Iqbal Securities (Private) Limited

Lahore, September 29, 2020 (PPI-OT): The rating’s positive impact emanates from i) Restoration in the equity base ii) more so, the documented resolution to take it to PKR 350mln over the near future with a planned injection of PKR 50mln, depending upon the quantum required and as backed by available resources. At the same time, the management is resolute to cease its proprietary book, which will also reduce theRead More…

PACRA Maintains Entity Ratings of Ravi Automobile (Private) Limited

Lahore, September 29, 2020 (PPI-OT): Ravi Automobile (Private) Limited (Ravi) operates in two segments of the automotive industry, i.e., manufacturing components (parts) for motorcycles and tractors, and assembly of complete motorcycles under the brand name of “Ravi”. The ratings draw comfort from the diversity in Ravi’s business streams and the historical association of its sponsors to the related businessRead More…

Jazz facilitates Namal Institute with an Innovative Learning Solution

Islamabad, September 29, 2020 (PPI-OT): Jazz, Pakistan’s number one 4G operator and the largest internet and broadband service provider, facilitated Namal Institute during the COVID-19 pandemic and the resulting lockdown in teaching students without access to the internet or a smart device. The product, ‘Business Line’, introduced by Jazz Business, the country’s largest digital and ICT solutions provider, gavRead More…

Telenor Microfinance Bank selects PTCL to expedite the bank’s Digital Transformation journey

Islamabad, September 29, 2020 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL) and Telenor Microfinance Bank Limited have signed an agreement for provision of physical and Virtual Data Center (VDC) Hosting Services bundled with industry’s leading Managed Security solution.
Zarrar Hasham Khan, Chief Business Services Officer, PTCL and Khurram Gul Agha, Chief Information Officer and Operations Support, TelRead More…

400 new cases of coronavirus emerged in Sindh

Karachi, September 29, 2020 (PPI-OT): Sindh Chief Minister Syed Murad Ali Shah has said that two more patients of COVID-19 died overnight lifting the death toll to 2497 that constituted 1.8 percent death rate. Shah said that 400 new cases of coronavirus emerged when 10,881 samples were tested which constituted 3.6 percent current detection rate. So far 1,352,139 tests have been conducted which diagnosed 136,795 casesRead More…