Sophi.io Wins Two INMA Global Media Awards

TORONTO, June 07, 2021 (GLOBE NEWSWIRE) — Sophi.io, The Globe and Mail’s artificial intelligence-powered optimization and prediction platform, was announced as a winner of the International News Media Association (INMA) Global Media Awards in two categories, Best Use of Data to Automate or Personalize, and Best in Show for North America.
“The INMA Global Media Awards focus on excellence across all areas of Read More…

PACRA Assigns Initial Rating to TPL Trakker Limited – Sukuk

Lahore, June 07, 2021 (PPI-OT):The ratings incorporate TPL Trakker’s prominent position in Pakistan’s tracking industry, emanating from its multifaceted product portfolio and sanguine technology infrastructure. As diversity becomes inevitable to sustain in its operating segment, the Company is gradually shifting towards business avenues that are more beneficial for company’s growth. The new segments have alRead More…

VIS maintains entity ratings of H.A Fibres (Private) Limited

Karachi, June 07, 2021 (PPI-OT):VIS Credit Rating Company Limited (VIS) has maintained the entity ratings of H.A Fibres (Pvt.) Limited (HAFL) at ‘A-/A-2’ (Single A Minus/A-Two). Outlook on the rating has been revised from ‘Rating Watch – Developing’ to ‘Positive’. The medium to long-term rating of ‘A-’ denotes good credit quality coupled with adequate protection factors. Moreover, risk factors mRead More…

VIS Assigns Initial Entity Ratings to Zoom Petroleum (Private) Limited

Karachi, June 07, 2021 (PPI-OT):VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of ‘BBB-/A-3’ (Triple B Minus/A-Three) to Zoom Petroleum (Pvt.) Limited (ZPPL). The medium to long term rating of ‘BBB-’ signifies adequate credit quality. Protection factors are reasonable and sufficient while risk factors are considered variable if changes occur in the economy. The short term rating oRead More…

VIS Assigns Initial Entity Ratings to Zoom Marketing Oils (Private) Limited

Karachi, June 07, 2021 (PPI-OT):VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of ‘BBB-/A-3’ (Triple B Minus/A-Three) to Zoom Marketing Oils (Pvt.) Limited (ZMOPL). The medium to long term rating of ‘BBB-’ signifies adequate credit quality. Protection factors are reasonable and sufficient while risk factors are considered variable if changes occur in the economy. The short term raRead More…

VIS Suspends Entity Ratings of Airwaves Media (Private) Limited

Karachi, June 07, 2021 (PPI-OT):VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘BBB-/A-3’ (Triple B Minus/A-Three) assigned to Airwaves Media (Pvt) Limited (AMPL), with immediate effect, due to non-availability of audited accounts for ratings analysis. The ratings will be reassessed as and when the required information is available. The previous rating action was announced on April 15Read More…

Advance Telecom appointed as TECNO’s new distribution partner in Pakistan

Karachi, June 07, 2021 (PPI-OT):TECNO Mobile Pakistan joins hands with Advance Telecom as their official distribution partner in Pakistan. Being the largest retail and after-sale service network, Advance Telecom and TECNO partnership look a promising collaboration for the new Camon 17 series.
Advance Telecom is one of the leading mobile phone distribution houses in Pakistan. They have been adding value to customer’Read More…

KCCI establishes daylong COVID-19 Vaccination Facility

Karachi, June 07, 2021 (PPI-OT):The Karachi Chamber of Commerce and Industry (KCCI) in collaboration with Red Crescent Society organized a daylong COVID-19 Vaccination Facility on Saturday which was attended by scores of members, general public, managing committee members and the staff. According to a statement issued, single dose Cansinobio vaccine recently introduced by the government for people above 30 years of aRead More…

Khushhali Microfinance Bank joins SBP’s Raast Digital Payment System

Karachi, June 07, 2021 (PPI-OT):Khushhali Microfinance Bank (KMBL) on Monday announced that it is joining the State Bank of Pakistan’s (SBP) Raast Instant Digital Payment System. Under this collaboration, Khushhali Microfinance Bank will enable end-to-end digital transactions for government payments.
A bank statement said: “This is another step towards the digitalization of the bank’s financial structure. RaastRead More…

Thousands of companies, millions of jobs saved: Mian Zahid Hussain

Karachi, June 07, 2021 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said State Bank of Pakistan (SBP) buoyed the sinking economy amid the pandemic.
Governor SBP Reza Baqir should take more steps to boost the economy and push up the growth rate to five perceRead More…