Day: October 15, 2020

LM Industries Announces $15M Funding from SPARX Group to deliver Olli to customers and consumers

Local Motors will empower communities to create opportunities for its citizens by providing innovative and locally relevant vehicles, such as Olli, and mobility solutions
SAN FRANCISCO, Oct. 15, 2020 (GLOBE NEWSWIRE) — LM Industries, the parent company of Local Motors – the world’s first and only digital vehicle manufacturer – today announced a $15 million raise from Mirai Creation Fund II (managed by SPARead More…

Government on the forefront of economic recovery effort: PBIT

Islamabad, October 15, 2020 (PPI-OT):Chairman Punjab Board of Investment and Trade (PBIT) Sardar Tanveer Ilyas Khan has said that government is seriously persuing economic revival through enabling policies. Prime Minister Imran Khan is triggering economic activity through different long-term and near-term initiatives while he has actively engaged the private sector for improved input of their problems, he said.
ChairRead More…

Pakistan has great potential to increase trade with Ukraine: Ambassador-designate

Islamabad, October 15, 2020 (PPI-OT):Maj. Gen. (Retd) Dr. Noel Israel Khokhar, Ambassador-designate of Pakistan to Ukraine visited the Islamabad Chamber of Commerce and Industry and was given warm welcome by Sardar Yasir Ilyas Khan President and other Office Bearers of the Chamber. During the discussion, Maj. Gen. (Retd) Dr. Noel Israel Khokhar informed that Pakistan has great potential to increase bilateral trade wiRead More…

PACRA Maintains Entity Ratings of Hassan Ali Rice Export Company

Lahore, October 15, 2020 (PPI-OT):Rice is among the five major crops of Pakistan and is the second main staple food, after wheat. Both basmati (long, thin and aromatic rice) and non-basmati (long grain white rice – IRRI 6 and IRRI 9) rice are cultivated in Punjab and Sindh, respectively. In Pakistan, ~85% of basmati rice is consumed locally and only 15% is exported. While, ~90% of non-basmati or IRRI rice is exRead More…

PACRA Upgrades Entity Ratings of Awami Agro Commodities

Lahore, October 15, 2020 (PPI-OT):Rice is among the five major crops of Pakistan and is the second main staple food, after wheat. Both basmati (long, thin and aromatic rice) and non-basmati (long grain white rice – IRRI 6 and IRRI 9) rice are cultivated in Punjab and Sindh, respectively. In Pakistan, ~85% of basmati rice is consumed locally and only ~15% is exported. While, ~90% of non-basmati or IRRI rice is eRead More…

Huawei joins hands with HEC to start roadshows for its Huawei ICT Competition Pakistan 2020

Islamabad, October 15, 2020 (PPI-OT):With digital technologies becoming the building blocks of the Pakistan’s intelligent society and increasingly important during the COVID-19 pandemic and post-pandemic recovery – Huawei is once again touching on an important driver of the digital transformation journey; nurturing ICT talent. The company runs the 4th edition of its flagship annual Middle East ICT CompetitionRead More…

Daraz Compensates Vlogger Kid by Making His Dream Come True

Karachi, October 15, 2020 (PPI-OT):Recently, a video went viral on social media in which a vlogger kid, along with his siblings opens up a package he ordered from Daraz.pk. However, he had to face disappointment in terms of an unexpected experience captured in the video.
Daraz is the biggest platform of online shopping in Pakistan as it makes the buyers and sellers meet at one point, having over 15 million products. Read More…

Pakistan Pharmaceutical Manufacturers’ Association claims drug prices still low in Pakistan

Karachi, October 15, 2020 (PPI-OT):Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has demanded continuity of the system of linking medicine prices with the Consumer Price Index (CPI) as the bare minimum requirement for the drug industry for availability of quality medicines at the most affordable prices in the country.
The newly elected Chairman of PPMA Tauqeer Ul Haq while speaking at a press briefing sRead More…

PIA announces new guidelines for travellers intending to travel to UAE on visit visa

Karachi, October 15, 2020 (PPI-OT):PIA has announced new guidelines for travellers intending to travel to UAE on visit visa. As per new UAE rules, passengers traveling to UAE must possess UAE Currency, a return ticket and confirmed hotel booking and or local address of stay. Passengers travelling to UAE will have to show that they are in possession of at least 2,000 dirhams. In addition to the show money, a return tiRead More…

President of Pakistan honours Naval Chief with Nishan-e-Imtiaz (Military)

Islamabad, October 15, 2020 (PPI-OT):The President of Pakistan has conferred Nishan-e-Imtiaz (Military) upon Chief of the Naval Staff Admiral Muhammad Amjad Khan Niazi, during an impressive ceremony held at Aiwan-e-Sadr Islamabad. The Military Award has been conferred upon the Naval Chief in recognition of his exceptionally commendable performance and selfless devotion to the maritime defence of the country.
Admiral Read More…