CoreCard® Business Update: CoreCard partners with Al Ansari Exchange to offer multi-currency prepaid card processing in the UAE

DUBAI, United Arab Emirates, April 19, 2021 (GLOBE NEWSWIRE) — CoreCard Software, DMCC. (a subsidiary of Intelligent Systems Corporation [NYSE American: INS]), the leading international provider of innovative prepaid and credit technology solutions and processing services to the financial technology and services market, announced today a partnership with Al Ansari Exchange, the UAE-based foreign exchange and woRead More…

Zoom Announces $100 Million Zoom Apps Fund

New Venture Fund to Stimulate Innovation in the Zoom Apps Ecosystem
SAN JOSE, Calif., April 19, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced the Zoom Apps Fund, a new $100 million venture fund created to stimulate growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform, and hardware. Portfolio companies will receive initial investments between $250,00Read More…

PACRA Assigns Initial Entity Ratings to National Foods Limited

Lahore, April 19, 2021 (PPI-OT): National Foods Limited (‘National Foods’ or ‘the Company’) was established in 1970 with an objective to introduce branded and packaged spices. Over the years, the Company has diversified its product portfolio into 11 product categories and almost 250 SKUs. The Company has shown a strong character by converting its challenges into opportunities. Today, National Foods holds sizeRead More…

PACRA Maintains IFS Rating of SPI Insurance Company Limited

Lahore, April 19, 2021 (PPI-OT): The rating reflects the stable business profile of the company. In the recent period the growth has been muted due to multiple factors specially the slowdown in the economic environment of the country. The organization takes benefit from synergistic approach at group level – United International Group (UIG) – and replicate the group’s established practices. The compaRead More…

Tetra Pak introduces 14 State-of-the-Art Lines for Cheese Manufacturers

Lausanne (Switzerland), April 19, 2021 (PPI-OT): Tetra Pak announces the development of 14 new Best Practice Lines (BPLs) for cheese manufacturers, the latest of which – specifically customised for Cottage cheese – launched today. The other cheeses that will benefit from these BPLs include Mozzarella, Semi-hard cheese, Cheddar, and Fresh cheese production. Together, these cheese types make up 79% of all cRead More…

PACRA Maintains Entity Ratings of Jhulay Lal Parboiled Rice Mill

Lahore, April 19, 2021 (PPI-OT): Rice is among the five major crops of Pakistan and is the second main staple food, after wheat. Both basmati (long, thin and aromatic rice) and non-basmati (long grain white rice – IRRI 6 and IRRI 9) rice are cultivated in Punjab and Sindh, respectively. Rice production grew by ~3%, standing at ~7.4mln MT in FY20. Out of this, ~4.3mln MT is exported to generate ~PKR 320bln revenRead More…

VIS Maintains Entity Ratings of Kohinoor Mills Limited

Karachi, April 19, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has maintained the entity ratings of Kohinoor Mills Limited (KML) at ‘BBB+/A-2’ (Triple B-Plus/A-Two), while the same has been placed on ‘Stable’ status. The medium to long-term rating of ‘BBB+’ denotes adequate credit quality with reasonable and sufficient protection factors. Moreover, risk factors are considered variable with possRead More…

Easypaisa and Board of Intermediate and Secondary Education Swat sign agreement to digitize fee payments

Karachi, April 19, 2021 (PPI-OT): Easypaisa, has inked an agreement with the Board of Intermediate and Secondary Education (BISE), Saidu Sharif, Swat to bring convenient fee payment solutions to students of the region. This service will simplify fee payments including but not limited to Secondary School Certificate and Higher Secondary School Certificate exams, Gazette, Certificate/DMC verification, and miscellaneousRead More…

YouTube celebrates the success of content creators in Pakistan

Islamabad, April 19, 2021 (PPI-OT): Over 2 billion users come to YouTube every month to get their dose of entertainment, educate themselves, learn skills and engage with their favourite creators and communities. Pakistanis are no different – not only do they love watching YouTube content, but they also create some amazing pieces that reach millions of fans globally.
Today, owing to the success of one such creatRead More…

Package announced for Karachi should be implemented: Mian Zahid Hussain

Karachi, April 19, 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 lauded Prime Minister Imran Khan for taking notice of the dwindling infrastructure in Karachi and other areas of Sindh.
The PM has announced Rs446 billion package for Sindh which will resoRead More…