Day: December 4, 2020

Punjab Government to facilitate ICCI in establishment of industrial estate

PPI News Agency

Islamabad, December 04, 2020 (PPI-OT): Sardar Tanveer Ilyas Khan, Special Assistant to the Chief Minister Punjab on Business, Investment and Trade Affairs and Chairman Punjab Board of Investment and Trade said that Punjab Government would extend all possible cooperation and facilitation to the Islamabad Chamber of Commerce and Industry in its endeavours for the establishment of a new industrial estate along RawalpindRead More…

VIS Reaffirms Entity Ratings of Intermarket Securities Limited

PPI News Agency

Karachi, December 04, 2020 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has reaffirmed the entity ratings of Intermarket Securities (IMS) at ‘A-/A-2’ (A minus/A-Two). Outlook on the assigned ratings is ‘Stable’. Previous rating action was announced on September 05, 2019.
Ratings reaffirmation takes into account the established and sustained market position of IMS as a mid-sized player in equity brokerage buRead More…

VIS Credit Rating Company Assigns Initial Entity Ratings to NASDA Green Energy Limited

PPI News Agency

Karachi, December 04, 2020 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings to NASDA Green Energy Limited (NGEL or the Company) of ‘A-/A-2’ (Single A Minus/A-Two). Long term rating of ‘A-’ indicates good credit quality; adequate protection factors. Risk factors may vary with possible changes in the economy. Short term rating of ‘A-2’ denotes good certainty of timely paRead More…

K-Electric to Upgrade Transmission Network in Balochistan Service Area!

PPI News Agency

Karachi, December 04, 2020 (PPI-OT): As part of its phase-wise plan to transform and improve its entire transmission and distribution network, K-Electric (KE) has planned the upgradation of its existing transmission network from Hub Chowki to Bela Grid. These plans will ensure greater availability and reliability of power through enhancement of transmission capacity from 66 kV to 132 kV of both the grids and transmisRead More…

Graana.com Partners to Host Cycling Sunday, Promoting Eco-friendly Activities in Islamabad

PPI News Agency

Islamabad, December 04, 2020 (PPI-OT): Graana.com, in collaboration with Urban Innovation and Islamabad Capital Territory Administration (ICTA) partners with Islamabad Cycling Association, ITP, Tobacco Smoke-free Islamabad, Urban Platform, MTB Islamabad, Prime Minister’s Tiger Force, and Critical Mass Islamabad, to host ‘Cycling Sunday’.
The recreational event will be held on December 6, starting at 12 p.m. (noRead More…

Virus to hit global GDP by $12 trillion

PPI News Agency

Karachi, December 04, 2020 (PPI-OT): Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said global GDP will take a hit of $12 trillion due to the pandemic during 2020-21.
Developed economies will be able to absorb the shock but poor countries are unable to face it as theiRead More…

PACRA Upgrades Entity Ratings of Kingcrete Builders

PPI News Agency

Lahore, December 04, 2020 (PPI-OT): The ratings reflect the Kingcrete’s extensive experience in the civil construction and engineering business. The firm has exhibited renewed energy ever since the induction of the second generation. Over the years, Kingcrete has undertaken sizeable no of projects, which span a number of years. Some large size projects has been acquired and are in the process – providing projRead More…

Focusing on regenerative agriculture and moving to renewable electricity, Nestle redoubles efforts to combat climate change

PPI News Agency

Lahore, December 04, 2020 (PPI-OT): As a signatory of the UN ‘Business Ambition for 1.5°C’ pledge, Nestle is one of the first companies to share its detailed, time-bound plan and to do so ahead of schedule. The company is taking measures to halve its emissions by 2030 and achieve net zero by 2050 – even as the company grows.
Actions focus on supporting farmers and suppliers to advance regenerative agriculture,Read More…

Development of Gwadar to bring prosperity in Balochistan: Rasheed

PPI News Agency

Islamabad, December 04, 2020 (PPI-OT): Minister for Railways Sheikh Rasheed Ahmed says development of Gwadar will bring prosperity in Balochistan. He was talking to newsmen in Quetta alongside Deputy Speaker National Assembly Qasim Khan Suri. Speaking on the occasion, the Qasim Khan Suri said that Sheikh Rasheed will play his role in the uplift of railways in Balochistan.
For more information, contact:
Ministry of InRead More…

Storm drains to be separated from sewerage drains in Karachi: Murad

PPI News Agency

Islamabad, December 04, 2020 (PPI-OT): Sindh Chief Minister Syed Murad Ali Shah has said storm drains will be separated from sewerage drains in Karachi and treatment plants will also be installed to ensure un-hindered draining out of both the rain and sewerage water. While chairing a meeting on cleanliness and survey of drains at Chief Minister’s house in Karachi, he said Mahmoodabad nullah will have to be convRead More…