Day: November 30, 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

PPI News Agency

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 learRead More…

Bombardier Appoints Bart Demosky Executive Vice President and Chief Financial Officer

PPI News Agency

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,Read More…

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

PPI News Agency

Lahore, November 30, 2020 (PPI-OT): Lahore-based fashion e-commerce startup, Clicky.pk, 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, Clicky.pk is Pakistan’s top fashion-focused marketplace and retail startup. Having known each otheRead More…

VIS Upgrades Entity Ratings of AKD Securities Limited

PPI News Agency

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 RatinRead More…

Realme 50 million sales record receives praises from top industry partners

PPI News Agency

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 Read More…

ICCI mulls organizing a seminar on promoting Sharia compliant businesses

PPI News Agency

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 PresidRead More…

Former governments damaged energy sector beyond repair

PPI News Agency

Islamabad, November 30, 2020 (PPI-OT): The Pakistan Economy Watch (PEW) on Sunday said former governments inflicted irreversible harm to the power sector by signing highly controversial power purchase agreements with the private sector that crippled masses, industry and agriculture.
The deals not only resulted in unbelievable profits for the private power sector but also increased tariff by 25 to 30 percent as comparRead More…

Call to help increase carpet exports in international market

PPI News Agency

Lahore, November 30, 2020 (PPI-OT): Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has said that country’s carpet industry has great potential to dominate global markets with innovative designs. This was stated by Senior Vice Chairman PCMEA Riaz Ahmed during a meeting at Carpet Training Institute on Sunday. Several other members of the association also participated in the meeting through video linkRead More…

Prime Minister’s corporate farming initiative lauded

PPI News Agency

Islamabad, November 30, 2020 (PPI-OT): Former President ICCI Shahid Rasheed Butt on Sunday lauded the decision of the Prime Minister Imran Khan to introduce corporate farming which will improve the food security situation in the country. The move may attract huge investment which will improve the struggling agriculture sector and provide edibles to masses at a reasonable price, he said.
Shahid Rasheed Butt also laudeRead More…

Decision to unbundle SOEs lauded

PPI News Agency

Islamabad, November 30, 2020 (PPI-OT): Former President ICCI Shahid Rasheed Butt on Monday lauded the decision of the Prime Minister Imran Khan to downsize state-run-enterprises wasting trillions of rupees annually. Around 4500 employees of the Pakistan Steel Mills have been terminated which will reduce salary burden by 50 percent to Rs170 million, he said.
The business leader said that the remaining staff of the steRead More…