Industry Leading SAFR Facial Recognition for Live Video Integrated with Geutebrück VMS

Featuring real-time, automated, low-bias identification of opt-in staff and persons of interest Gbruck-SAFR The result of the match and the reference image of the recognized person are presented for instant verification. SEATTLE, April 12, 2021 (GLOBE NEWSWIRE) — SAFR from RealNetworks, Inc. (NASDAQ: RNWK) today announced that its SAFR facial recognition system for live video is now integrated with the Read More…

Official rate lists considered a tissue paper: Mian Zahid Hussain

Karachi, April 12, 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 sharp hike in the price of food items has made life difficult for the people.
Prices of different food items including flour, sugar, beef, mutton, chicken, pulses, fruits and vegeRead More…

PACRA Maintains Entity Ratings of Optimus Capital Management (Private) Limited

Lahore, April 12, 2021 (PPI-OT): The ratings demonstrate the Optimus Capital Management (Pvt.) Limited’s (“Optimus Capital” or “the Company”) established and sustained position in brokerage industry emanating from healthy client base of institutional client. The ratings take into account the strong ownership structure, whereas, the governance framework can be strengthened further. The Company has a lean orgRead More…

PACRA Maintains Entity Ratings of Sindh Microfinance Bank Limited

Lahore, April 12, 2021 (PPI-OT): The ratings capture the aptness of the Bank as a growing institution in the microfinance sector. The Bank’s business model incorporates appropriate mitigant controls to keep its risk profile adequate. Resonating with the market conditions, asset infection ratio stood at ~1% as at end-Dec’20. The Bank has sustained its net profitability, being recorded at PKR 53mln as at enRead More…

China offers full support to Pakistani Business Community

Karachi, April 12, 2021 (PPI-OT): H.E. Nong Rong, Ambassador of the People’s Republic of China along with Mr. Li Bijian, Consul General of China at Karachi along with his team visited the Federation of Pakistan Chambers of Commerce and Industry. The meeting took note of various subjects pertaining to economic relationship between Pakistan and China particularly in reference to China Pakistan Economic Corridor and CRead More…

Masses economy cannot withstand stringent conditions of IMF

Islamabad, April 12, 2021 (PPI-OT): Harsh IMF conditions will have a catastrophic effect on the masses already facing pandemic, unemployment and unparalleled inflation, a business leader said Monday. Masses cannot bear the burden of the stringent conditions of the lender amid the economic downturn, said former President ICCI Shahid Rasheed Butt.
He said that IMF has asked to increase the FBR target by Rs1.3 trillion Read More…

China invites Pakistani companies to attend online Canton Fair for business promotion

Islamabad, April 12, 2021 (PPI-OT): Xie Gouxiang, Minister Counsellor, Embassy of China held an online meeting with Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce and Industry and briefed him about the details of upcoming 129th China Import and Export Fair (Canton Fair) that will be held online between April 15 and 24, 2021 due to Covid-19 pandemic. He invited Pakistani companies to attend the CantRead More…

IMF has become part of the problem: Shahid Rasheed Butt

Islamabad, April 12, 2021 (PPI-OT): Former President ICCI Shahid Rasheed Butt on Sunday said Prime Minister Imran Khan should ensure softening of IMF conditions which can have a catastrophic effect on the masses and economy. Masses cannot bear the burden of the stringent conditions of the lender amid increasing inflation and unemployment due to pandemic therefore the PM decision to renegotiate IMF conditions is a gooRead More…

PACRA Maintains the Entity Ratings of Cherat Cement Company Limited

Lahore, April 12, 2021 (PPI-OT): Cherat Cement’s Ratings reflect its position in the market emanating from its major market share (7%) prominent presence in north region. Capacity expansion in past played a vital role to augment its position. The Cement sector’s despatches have recorded splendid growth over the last couple of months; surged around 16% to 28.6mln tons in the first half of the current fiscal year 2Read More…

Bank Alfalah and Telemart Sign Agreement to Drive Business Expansion

Karachi, April 12, 2021 (PPI-OT):AlfaMall, Bank Alfalah’s digital e-commerce marketplace for online shopping, has announced the strategic partnership of its business with Telemart with the aim of digitizing cash transactions, enabling instant delivery of products to Bank Alfalah customers on easy monthly installments, facilitating customers with easy returns and integrating venues of merchant business.
Telemart is Read More…