Day: October 8, 2020

Telenor Pakistan Collaborates with Directorate of Science and Technology, KPK to Digitally Empower 500 Female Entrepreneurs

Islamabad, October 08, 2020 (PPI-OT): Staying true to its commitment of empowering societies and contributing to the country’s socio-economic uplift, Telenor Pakistan is fulfilling its pledge under World Bank’s Girls Learn Women Earn (GLWE) programme by expanding its reach to empower the underserved female entrepreneurs of Khyber Pakhtunkhwa. This initiative is being taken in collaboration with Creative InnovativRead More…

PCDMA demands FBR chairman to allow 2percent income tax on raw materials

Karachi, October 08, 2020 (PPI-OT): Mirza Nadeem Baig, Chairman Pakistan Chemicals and Dyes Merchants’ Association (PCDMA), has expressed grave concern over non-implementation of the FBR budget anomalies committee’s decision to allow commercial importers to pay 2pc income tax on imported raw materials and demanded FBR chairman to immediate implementation of the recommendations of the anomalies committee and iRead More…

Tauqeer Ul Haq elected as new Chairman of Pakistan Pharmaceutical Manufacturers’ Association

Karachi, October 08, 2020 (PPI-OT): Tauqeer Ul Haq has been elected as the new Chairman of Pakistan Pharmaceutical Manufacturers’ Association for the term 2020-21. Tauqeer Ul Haq is Karachi based Managing Director of a pharmaceutical company. Rawalpindi-based Arshad Mehmood, who also represents the North Zone of the association, has been elected as the new senior vice-chairman of the PPMA for the upcoming term. LahRead More…

Demand to resolve megacity’s issues

Karachi, October 08, 2020 (PPI-OT): Mian Anjum Nisar, President FPCCI has demanded urgent solution for the problem of urban flooding and water shortage in Karachi. Speaking at a dinner reception hosted by Obaid Saleem Patel, Convener FPCCI Standing Committee on “Urban Development and Saleem Qasam Patel, CEO M/s. Basic Const Group, President FPCCI said that in recent years, Karachi city has been facing severe probleRead More…

ICCI urges CDA to streamline approval process of commercial building plans

Islamabad, October 08, 2020 (PPI-OT): Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce and Industry said that delay in the approval of commercial buildings plans by CDA leads to the losses of millions of rupees due to cost escalation and urged that the civic body should streamline this lengthy process to save investors from unnecessary losses. He said this while addressing a delegation of Islamabad ERead More…

MCBAH Assigned Highest Asset Manager Rating by PACRA

Lahore, October 08, 2020 (PPI-OT): MCB Arif Habib Savings and Investments Limited (MCBAH), an Asset Management Company, has achieved the highest asset manager rating of AM1, which bespeaks its excellent management and quality standards in the industry.
This is a huge recognition for MCBAH which has a track record of nearly 20 years of delivering excellent services to its clients. The rating reflects the company’s pRead More…

PACRA Maintains Entity Ratings of Liberty Power Tech Limited

Lahore, October 08, 2020 (PPI-OT): Liberty Power Limited (Liberty Power Tech) runs a 200MW power plant based on Residual Fuel Oil. The Company operates in the regulated power sector. It enjoys sovereign guarantee against receivables from power purchaser CPPA-G given adherence to agreed performance benchmarks. The Company’s operations and maintenance operator, Wartsila Pakistan (WPK), is a key source of comfort Read More…

PACRA Assigns Initial Ratings to K-Electric Limited – Islamic Commercial Paper-11 upto PKR 3,200mln

Lahore, October 08, 2020 (PPI-OT): The ratings reflect improved performance metrics of the company. There was significant improvement in the turnover as reflected in the published financial statements for FY19. This led to decent growth in the net profit as well though EBITDA slightly took a dip. Units generated, sent out and sold all of these indicators witnessed rise. T and D losses have also shown improvement. TheRead More…

PACRA Maintains Rating of Liberty Power Tech Limited

Lahore, October 08, 2020 (PPI-OT): Liberty Power Limited (Liberty Power Tech) runs a 200MW power plant based on Residual Fuel Oil. The Company operates in the regulated power sector. It enjoys sovereign guarantee against receivables from power purchaser CPPA-G given adherence to agreed performance benchmarks. The Company’s operations and maintenance operator, Wartsila Pakistan (WPK), is a key source of comfort Read More…

PACRA Maintains Rating of Liberty Power Tech Limited

Lahore, October 08, 2020 (PPI-OT): Liberty Power Limited (Liberty Power Tech) runs a 200MW power plant based on Residual Fuel Oil. The Company operates in the regulated power sector. It enjoys sovereign guarantee against receivables from power purchaser CPPA-G given adherence to agreed performance benchmarks. The Company’s operations and maintenance operator, Wartsila Pakistan (WPK), is a key source of comfort Read More…