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Day: October 16, 2020

Oct162020 by PPI News AgencyNo Comments

The 11th Pan-Beibu Gulf Economic Cooperation Forum & 2020 Beibu Gulf International Gateway Port Cooperation Summit was held on October 15 in Guangxi’s Nanning City

Press Release
NANNING, China, Oct. 16, 2020 /PRNewswire/ — The 11th Pan-Beibu Gulf Economic Cooperation Forum & 2020 Beibu Gulf International Gateway Port Cooperation Summit, with Guangxi China-ASEAN Panorama Magazine Agency Co., Ltd as the executive organization, was held on October 15, 2020, in Nanning, Guangxi Zhuang Autonomous Region, China. Lu Xinshe, Secretary of CPC Guangxi Committee, Chairman of the Standing Committee of Guangxi Peoples Congress, China, H.E. Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce, Thailand, and Li Xiaopeng, Minister of Transport, China gave live and video remarks for the opening ceremony of the 11th Pan-Beibu Gulf Economic Cooperation Forum respectively. Chen Wu, Governor, Guangxi, China, YB Dato Seri Setia Dr. Awang Haji Mohd Amin Li...
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Oct162020 by PPI News AgencyNo Comments

The 11th Pan-Beibu Gulf Economic Cooperation Forum & 2020 Beibu Gulf International Gateway Port Cooperation Summit was held on October 15 in Guangxi’s Nanning City

Press Release
NANNING, China, Oct. 16, 2020 /PRNewswire/ — The 11th Pan-Beibu Gulf Economic Cooperation Forum & 2020 Beibu Gulf International Gateway Port Cooperation Summit, with Guangxi China-ASEAN Panorama Magazine Agency Co., Ltd as the executive organization, was held on October 15, 2020, in Nanning, Guangxi Zhuang Autonomous Region, China. Lu Xinshe, Secretary of CPC Guangxi Committee, Chairman of the Standing Committee of Guangxi Peoples Congress, China, H.E. Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce, Thailand, and Li Xiaopeng, Minister of Transport, China gave live and video remarks for the opening ceremony of the 11th Pan-Beibu Gulf Economic Cooperation Forum respectively. Chen Wu, Governor, Guangxi, China, YB Dato Seri Setia Dr. Awang Haji Mohd Amin ...
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Oct162020 by PPI News AgencyNo Comments

VIS Upgrades Fund Stability Rating of Al-Ameen Islamic Aggressive Income Fund

Business, English
Karachi, October 16, 2020 (PPI-OT):VIS Credit Rating Company Limited (VIS) has upgraded the Fund Stability Rating (FSR) of Al-Ameen Islamic Aggressive Income Fund (AIAIF) to ‘A(f)’ (Single A(f)) from (BBB+) (Triple B plus(f)). The previous rating action was announced on December 31, 2020. The rating revision incorporates changes in the investment policy statement (IPS) of the fund whereby the fund can take maximum 15% exposure in ‘A-’ rated instruments/placements, with the remaining exposure being in ‘A’ and above rated instruments/placements. The upgrade is also supported by a revision in the duration of the fund being capped at 1.25 years. Actual asset allocation has remained in line with the assigned rating threshold with more 86% of the fund’s exposure being allocated in ‘AA-’ and abov...
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Oct162020 by PPI News AgencyNo Comments

VIS Upgrades Fund Stability Rating of Al-Ameen Islamic Aggressive Income Fund

Business, English
Karachi, October 16, 2020 (PPI-OT):VIS Credit Rating Company Limited (VIS) has upgraded the Fund Stability Rating (FSR) of Al-Ameen Islamic Aggressive Income Fund (AIAIF) to ‘A(f)’ (Single A(f)) from (BBB+) (Triple B plus(f)). The previous rating action was announced on December 31, 2020. The rating revision incorporates changes in the investment policy statement (IPS) of the fund whereby the fund can take maximum 15% exposure in ‘A-’ rated instruments/placements, with the remaining exposure being in ‘A’ and above rated instruments/placements. The upgrade is also supported by a revision in the duration of the fund being capped at 1.25 years. Actual asset allocation has remained in line with the assigned rating threshold with more 86% of the fund’s exposure being allocated in ‘AA-’ and abov...
Read More
Oct162020 by PPI News AgencyNo Comments

Virtual Meeting of Pakistani Chain Stores for entering Saudi Arabia Market held by TDAP

Business, English
Karachi, October 16, 2020 (PPI-OT):A meeting was held on 15th October 2020 by Trade Development Authority and Minister (Trade and Investment) of Pakistan in Kingdom of Saudi Arabia with members of Chain Store Association of Pakistan to discuss and explore potential of Saudi Market. Representatives from leading chain stores of Pakistan, i.e., Imtiaz, Naheed, Chase up Karachi and Swera Lahore as well as former President of Lahore Chamber of Commerce and Industry attended the meeting. 2. The Minister Trade briefed participants about huge potential for chain store business and legal/ regulatory requirements for entering the Saudi market. He highlighted that Pakistani super stores have capability to compete with the regional competitors in chain store business of Saudi market but unfortunately,...
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Oct162020 by PPI News AgencyNo Comments

Virtual Meeting of Pakistani Chain Stores for entering Saudi Arabia Market held by TDAP

Business, English
Karachi, October 16, 2020 (PPI-OT):A meeting was held on 15th October 2020 by Trade Development Authority and Minister (Trade and Investment) of Pakistan in Kingdom of Saudi Arabia with members of Chain Store Association of Pakistan to discuss and explore potential of Saudi Market. Representatives from leading chain stores of Pakistan, i.e., Imtiaz, Naheed, Chase up Karachi and Swera Lahore as well as former President of Lahore Chamber of Commerce and Industry attended the meeting. 2. The Minister Trade briefed participants about huge potential for chain store business and legal/ regulatory requirements for entering the Saudi market. He highlighted that Pakistani super stores have capability to compete with the regional competitors in chain store business of Saudi market but unfortunately,...
Read More