Bombardier Reports Full Year 2020 Financial Results, Provides 2021 Guidance and Outlines Actions to Drive Profitability and Productivity

2020 revenues from Business Aircraft activities reached $5.6 billion, growing 3% year-over-year on 114 deliveries, 44 of which were in the fourth quarter, including a record 16 Global 7500 aircraft deliveries
2020 adjusted EBITDA(1) of $200 million from continuing operations; $912 million of reported EBIT, reflects the accounting gains on disposal of the CRJ and aerostructures businesses
Fourth Quarter Free Cash Read More…

PTCL Group successfully conducts 5G trial in a limited environment

Islamabad, February 11, 2021 (PPI-OT): PTCL Group, one of the country’s largest telecom groups and backbone of connectivity in Pakistan, has successfully tested 5G technology at a special ceremony held at PTCL Headquarters, which was graced by Syed Amin Ul Haque, Federal Minister for Information Technology and Telecommunication as the Chief Guest. The 5G trial was conducted in a limited environment on a non-comRead More…

Couples that work out together stay together! Here’s how to stay on top of your fitness with Huawei

Islamabad, February 11, 2021 (PPI-OT): For all the fitness enthusiasts who want to get their partners to practice a healthier lifestyle? Valentine is the perfect time of the year to show your other half by improving their well-being, so if you are looking for a special gift this valentine? Look no more.. Huawei’s fitness products and services will step up your game to help you achieve your fitness goals as a coupleRead More…

VIS Withdraws Insurer Financial Strength Rating of Pak Kuwait Takaful Company Limited

Karachi, February 11, 2021 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has withdrawn the Insurer Financial Strength (IFS) rating of ‘BBB’ (Triple B) assigned to Pak-Kuwait Takaful Company Limited (PKTCL) with immediate effect, due to non-renewal of contract. The previous rating action was announced on January 20, 2017.
For more information, contact:
Director Compliance and Rating Analytics,
VIS Credit Rating CRead More…

Girls in Science, Careem celebrates women smashing the Glass Ceiling in Technology

Karachi, February 11, 2021 (PPI-OT): On United Nations (UN) International Day of Women and Girls in Science, Careem embodies its pledge to support women breaking stereotypes in the field of technology by reiterating its commitment towards diversity and inclusion.
Exemplifying the potential women can achieve in tech, Careem has numerous women working as engineers in data, software and development capacity to enhance tRead More…

TDAP embarks on the virtual world through TEXPO 2021

Karachi, February 11, 2021 (PPI-OT): TDAP’s 1st International Virtual Textile Exhibition – Virtual TEXPO just concluded to create history by becoming the first ever such initiative on the government level to arrange a virtual exhibition for the most significant sector of country’s exports. Virtual TEXPO is the initiative by the Ministry of Commerce, organised by Pegasus Consultancy to facilitate exporters aRead More…

Daraz and Extreme Commerce join hands to empower local sellers through E-Commerce education

Karachi, February 11, 2021 (PPI-OT): Daraz partners with Extreme Commerce Pakistan’s first EdTech for e-commerce and digital trade. The partnership will help Daraz sellers to expand their enterprise further and improve their online selling skills.
Extreme Commerce’s vision is to make Pakistan a global e-commerce back-office hub which aims at developing a national ecosystem through inspiring and empowering entreprRead More…

Jordan keen to increase trade ties with Pakistan

Islamabad, February 11, 2021 (PPI-OT): H.E. Ibrahim Almadani, Ambassador of the Hashemite Kingdom of Jordan along with Dr. Maen Khareasat, Minister Plenipotentiary of his Embassy visited Islamabad Chamber of Commerce and Industry (ICCI) and exchanged views with Sardar Yasir Ilyas Khan President ICCI and his team on a wide range of areas for further enhancing bilateral trade and economic relations between Jordan and PRead More…

PCJCCI Vice President urges government to withdraw regulatory hurdles to be faced by importers of refurbished medical equipment

Lahore, February 11, 2021 (PPI-OT): Pakistan-China Joint Chamber of Commerce and Industry Vice President Mr. Khalid Raffique Choudhry has urged the government to withdraw regulatory hurdles to be faced by importers of refurbished medical equipment. He was briefed by Pakistan Medical Equipment Importers and Dealers Association (PMEIDA) today with regard to the recent problems emerged under the Drug Regulatory AuthoritRead More…

CEO, Small and Medium Enterprises Development Authority visits Sialkot Chamber of Commerce and Industry

Sialkot, February 11, 2021 (PPI-OT): On February 10th, 2021, Mr. Hashim Raza, CEO, Small and Medium Enterprises Development Authority (SMEDA) visited Sialkot Chamber of Commerce and Industry, Mr. Qaisar Iqbal Baryar, President SCCI, in a statement to the press lauded the efforts of SMEDA for promotion of exports of Pakistan. He added that SCCI and SMEDA had jointly completed several projects, including the Sialkot BuRead More…