ATS Appoints Wencor as Exclusive Global Distributor of PMA Portfolio

Agreement also includes the EverLatch™ Cargo Door Latch, an STC-derived PMA product targeted at improving airline performance and reducing maintenance costs
EVERETT, Wash., Jan. 11, 2021 (GLOBE NEWSWIRE) — ATS (Aviation Technical Services) today announced an agreement with Wencor as sole distributor of its Part Manufacturer Approval (PMA) product line, approved by the FAA under ATSMRO part number references. Read More…

ATS Appoints Wencor as Exclusive Global Distributor of PMA Portfolio

Agreement also includes the EverLatch™ Cargo Door Latch, an STC-derived PMA product targeted at improving airline performance and reducing maintenance costs
EVERETT, Wash., Jan. 11, 2021 (GLOBE NEWSWIRE) — ATS (Aviation Technical Services) today announced an agreement with Wencor as sole distributor of its Part Manufacturer Approval (PMA) product line, approved by the FAA under ATSMRO part number references. Read More…

OPPO Launches Reno5 with AI Mixed Portrait, Dual-View Video, and AI Highlight Video

Islamabad, January 11, 2021 (PPI-OT): Oppo today announced the launch of its Reno5 Smartphone in Pakistan. According to the company, Reno5 has an industry-leading video performance and comes with AI Portrait Expert to help users express their best selves.
The launch event featured appearances and performances from industry stars Sheheryar Munawar, Zoe Viccaji, and rising travel photographer Ali Awais.
“Today’s smRead More…

VIS Withdraws Entity Ratings of Sindh Leasing Company Limited

Karachi, January 11, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘A+/A-1’ (Single A Plus/A-One) assigned to Sindh Leasing Company Limited (SLCL), with immediate effect, on account of completion of merger with Sindh Bank Limited (SBL). Previous rating action was announced on June 21, 2019.
For more information, contact:
Director Compliance and Rating Analytics,
VIS CrRead More…

Move to Bar the Textile Mill from accessing its Cotton Stock would affect Pakistan’s Exports Mian Nasser Hyatt Maggo President FPCCI

Karachi, January 11, 2021 (PPI-OT): Mian Nasser Hyatt Magoo President, Federation of Pakistan Chambers of Commerce and industry strongly condemns action to disturbed the growth of Pakistan’s exports which is showing positive trend under the prevailing difficult environment. He urged the government and Ministry of commerce to immediately take notice of the Pakistan Railways against Gul Ahmed Textile Mills Limited, aRead More…

VIS Upgrades Broker Management Rating of Integrated Equities Limited

Karachi, January 11, 2021 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has upgraded the Broker Management Rating of Integrated Equities Limited (IEL) to ‘BMR2’ from ‘BMR3++’. Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on January 9, 2020. The rating signifies strong compliance and risk management, sound internal and external control framework, client relationshipRead More…

Jazz and NayaPay Team Up For Digitization of Payments

Islamabad, January 11, 2021 (PPI-OT): Jazz, Pakistan’s number one 4G operator and the largest internet and broadband service provider, has joined hands with NayaPay, an emerging EMI. With this collaboration, customers can now instantly purchase a host of Jazz services through the NayaPay platform, including topping-up their Mobile balance, subscribing to prepaid bundles and recharging their Jazz broadband devices.
Read More…

SSGC Media Briefing: Consumers need to follow gas load management plan to ensure gas supplies

Karachi, January 11, 2021 (PPI-OT): SSGC organized a media briefing in its Head Office to explain to the media persons about the natural gas load management plan it is implementing during the current winter season. The briefing was addressed by Saeed Larik, ADMD (UFG). He was assisted by Kamran Nagi, GM/Incharge Distribution Karachi, Shahbaz Islam, GM (Corporate Communications) and Official Company Spokesperson and MRead More…

Faysal Bank wins ‘Best Emerging Bank 2020’ Award

Islamabad, January 11, 2021 (PPI-OT): Faysal Bank Limited, a leading commercial and Islamic bank of Pakistan, has been accoladed with the “Best Emerging Bank 2020” award at the 5th Pakistan Banking Awards (PBA) ceremony held in Karachi on Friday.
The PBA ceremony is one of the highly anticipated events in the financial sector. The awards, considered as the definitive benchmark for banking excellence, are Read More…

Banks still not helping the private sector: Mian Zahid Hussain

Karachi, January 11, 2021 (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 Monday said the increasing price of building material has become a threat to the Construction Package. The increasing price of construction material is disheartening local investors which will Read More…