FPCCI Extends support to Economic outreach vision of Prime Minister Imran Khan Mian Anjum Nisar, President FPCCI

Karachi, October 22, 2020 (PPI-OT):Mian Anjum Nisar, President FPCCI presenting Crest to Dr. Moeed Yusuf, Special Assistant to the Prime Minister on national Security during his visit to Federation House Karachi. Also present are Sheikh Sultan Rehman, Khurram Ijaz, Zubair Baweja, Vice Presidents FPCCI, Khurram Sayeed, Zakaria Usman, Mian Shaukat Ahmed, Asim Ghani and others are also seen in the picture.
Karachi (PR) Read More…

Transparency International Pakistan condemns the efforts to pass Right of Access to Information (Amendment) Bill, 2020

Karachi, October 22, 2020 (PPI-OT):Transparency International Pakistan condemns the efforts to pass Right of Access to Information (Amendment) Bill, 2020, which has been moved as a private member bill in the Senate of Pakistan, declaring it unconstitutional, and against the interests of the people of Pakistan, and will cause serious damage to Pakistan efforts to combat Corruption, and will have negative impact on CPIRead More…

Despite unprecedented economic challenges posed by COVID-19, ICI Pakistan Limited has maintained growth momentum with an increase in Profit after Tax by 6% and Earning per Share by 18%

Karachi, October 22, 2020 (PPI-OT):Following the meeting of the Board of Directors, ICI Pakistan Limited announced its financial results for the first quarter ended September 30, 2020.
Financial Highlights
On a consolidated basis (including the results of the Company’s subsidiaries: ICI Pakistan PowerGen Limited and NutriCo Morinaga (Pvt) Ltd), net turnover for the quarter under review was PKR 14,465 million, whichRead More…

JS Securities Limited – Pakistan Market: Technical Outlook (22-10-2020)

Karachi, October 22, 2020 (PPI-OT): KSE-100 index closed above the 50-DMA; ‘Positive’
The KSE-100 index showed positive movement to close at 41,536 (+579 points). Volumes stood at 661mn shares versus 493mn shares traded previously. The index has closed above the 50-DMA that will now restrict downside at 41,022. Meanwhile, a break above 41,613 (yesterday’s high) will extend the gain towards 42,896. TRead More…

Gross premium in Pakistan less than 0.9 percent of GDP: Dr Murtaza Mughal

Islamabad, October 22, 2020 (PPI-OT):Federal Insurance Ombudsman Dr. Muhammad Khawar Jameel has said that insurance is a very import sector which provides risk coverage masses and businesses. Despite its importance the insurance penetration in Pakistan is dismally low due to lack of awareness while less than one percent of consumers take the pain to study the insurance policy which result in disputes.
Speaking at a sRead More…

PM to perform ground-breaking of Rawalpindi Ring Road soon: Chairman RDA

Islamabad, October 22, 2020 (PPI-OT):Tariq Mehmood Murtaza, Chairman Rawalpindi Development Authority (RDA) said that an amount of Rs.6.2 billion has been released for land acquisition of Rawalpindi Ring Road (R3) project and Prime Minister Imran Khan along with Chief Minister Punjab Usman Buzdar would soon perform the ground-breaking of this project of vital importance. He said that 65.5 KMs long 6 lanes R3 would chRead More…

Handing over of project to WAPDA: WAPDA vows to construct K-IV in shortest possible time

Lahore, October 22, 2020 (PPI-OT):In the wake of handing over implementation responsibility of Greater Karachi Water Supply Scheme (K-IV) to Pakistan Water and Power Development Authority (WAPDA) by the Ministry of Planning Development and Special Initiatives, WAPDA Chairman Lt Gen Muzammil Hussain (R) today held a meeting with the stakeholders to find out a way forward for completion of K-IV within the shortest possRead More…

Gulbuddin Hekmatyar condemns Atrocities in IIOJK

Islamabad, October 22, 2020 (PPI-OT):Former Afghan Prime Minister and leader of Hezb-e-Islami Gulbuddin Hekmatyar condemned atrocities in Indian Illegally Occupied Jammu and Kashmir (IIOJK). Speaking at the Institute of Policy Studies, Islamabad, he urged New Delhi to learn a lesson from the defeat of Soviet Union and NATO in Afghanistan. He said that Kashmir issue cannot be resolved by force. India should resolve itRead More…

FM Emphasizes Need to Further Highlight Indian Atrocities in IIOJK at UN

Islamabad, October 22, 2020 (PPI-OT):Foreign Minister Shah Mahmood Qureshi has emphasized the need to further highlight Indian atrocities in Indian Illegally Occupied Jammu and Kashmir at United Nations and other International Human Rights forums aiming to bring them out from New Delhi’s oppression. He was talking to Pakistan’s Permanent Representative in the United Nations Munir Akram in Islamabad today Read More…

Finance Adviser Lauds WB’ Role in Extending Fiscal Space to Fight Covid-19 Effectively

Islamabad, October 22, 2020 (PPI-OT):Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh held a virtual meeting with Managing Director, World Bank Axel Van Trotsenburg and Vice President SAR, World Bank Hartwing Schafer as part of virtual annual meetings of the IMF and World Bank 2020.The meeting was also attended by Minister for Economic Affairs Khusro Bakhtiar and Special Assistant on Petroleum Nadeem Read More…