Friday, February 3

Month: November 2020

A dialogue between two industrial cities: Wuppertal Photo Exhibition launched in China’s Dongguan to commemorate the bicentenary of the birth of Friedrich Engles

Press Release
DONGGUAN, China, Nov. 30, 2020 /Xinhua-AsiaNet/–The 2020 Dongguan Citizen Photography Week with the theme of “City – Quality”, held by the Information Office of Dongguan Municipality, has kicked off in Dongguan, China, with Friedrich Engles’ Hometown Wuppertal Photo Exhibition being one of the activities. The Exhibition works as a “window” for the citizens of Dongguan to learn about the sister city of Wuppertal and show the friendship, and a way to commemorate the bicentenary of the birth of the great philosopher Engels. It is also a great way to further strengthen exchanges and promote mutual understanding between the two cities. “Welcome to Wuppertal, the hometown of Friedrich Engels! The city is located in the North Rhine-Westphalia state,...

Bombardier Appoints Bart Demosky Executive Vice President and Chief Financial Officer

Press Release
MONTREAL, Nov. 30, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) announced today the appointment of Bart Demosky as Executive Vice President and Chief Financial Officer, effective immediately. Bart will report to Éric Martel, President and Chief Executive Officer, Bombardier Inc., replacing John Di Bert who will be leaving the Company. “We are very excited to welcome Bart to the Bombardier leadership team,” said Éric Martel. “He is an accomplished leader with broad financial experience and an impressive track record of success at some of Canada’s largest corporations. Bart’s deep knowledge and expertise in all aspects of corporate finance will serve us well as we complete our strategic repositioning to a leaner, more focused company. I’m confident that Bart will provide strong lead...

Pakistani fashion e-commerce startup attracts USD 700,000 in Pre-Series a funding round

Business, English
Lahore, November 30, 2020 (PPI-OT): Lahore-based fashion e-commerce startup,, closed USD 700,000 in a Pre-Series A round of funding. Former executives from Amazon MENA region as well as Xiaomi along with few other angel investors participated in the round. Founded in 2016 by Muhammad Khalid and Syed Shahzad, is Pakistan’s top fashion-focused marketplace and retail startup. Having known each other for 15 years, the founders go back to the Manchester Business School, with extensive working experience in the Middle East. Asif Keshodia, former MENA Executive of and one of the key investors in this round said, “I am thrilled to be a part of this startup in Pakistan – is going to take customer experience to new heights and address the growing demand f...

VIS Upgrades Entity Ratings of AKD Securities Limited

Business, English
Karachi, November 30, 2020 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has upgraded the entity ratings of AKD Securities Limited (AKDSL) from ‘A/A-2’ (Single A/A-Two) to ‘A+/A-1’ (Single A Plus/A-One). Outlook on the assigned ratings is ‘Stable’. Long Term Rating of A+ reflects good credit quality, adequate protection factors. Risk factors may vary with possible changes in the economy. Short Term Rating of A-1 indicates high certainty of timely payment, excellent liquidity factors supported by good fundamental protection factors and risk factors are minor. The previous rating action was announced on September 27, 2019. The revision in rating takes into account improvement in AKDSL’s market share, strong growth in topline and notable improvement in efficiency ratio. The revenue base also...

Realme 50 million sales record receives praises from top industry partners

Business, English
Islamabad, November 30, 2020 (PPI-OT): The young and trendsetting technology company, realme just become the world’s fastest brand sales record of 50 million units. This is the sales figure of the brand since its establishment about two years ago only. According to Counterpoint’s latest global smartphone report, realme’s smartphone shipments were 14.8 million units in the third quarter of 2020 securing the top seventh position in global ranking. On this great achievement, many industry partners came forward to congratulate realme for its amazing success. Tarun Pathak, Associate Director of Counterpoint Research, congratulated realme for successfully leveraging the consumer through aggressive product launch and marketing strategy. “Not only it launched new products that were better aligned ...

ICCI mulls organizing a seminar on promoting Sharia compliant businesses

Business, English
Islamabad, November 30, 2020 (PPI-OT): Molana Syed Muhammad Abdul Kabir Azad, Imam and Khateeb of Badshahi Mosque, Lahore visited Islamabad Chamber of Commerce and Industry and held a meeting with Sardar Yasir Ilyas Khan, President to exchange views on matters of mutual interest including the role of religious scholars in promoting peace, tolerance and interfaith harmony in the society. Abdul Rehman Khan, Vice President ICCI, Baser Daud, Tariq Nusrat Wani, Khalid Chaudhry, Abdul Hameed Abbasi and others were also present at the occasion. Molana Syed Muhammad Abdul Kabir Azad said that business community was playing an important role in the economic development of the country by promoting business and industrial activities besides making significant contributions towards the public welfare ...