VIS Maintains Entity Ratings of Indus Dyeing and Manufacturing Company Limited

Karachi, June 10, 2021 (PPI-OT):VIS Credit Rating Company Limited (VIS) has maintained entity ratings of Indus Dyeing and Manufacturing Co Limited (IDMC) at ‘A+/A-1’ (Single A Plus/A-One). Long term entity rating of ‘A+’ reflects good credit quality, adequate protection factors. Risk factors may vary with possible changes in the economy. Short Term Rating of ‘A-1’ indicates high certainty of timely paymenRead More…

Systems Limited Announces Partnership with SAP to Accelerate Digitization for Unity Foods Limited

Karachi, June 10, 2021 (PPI-OT):Systems Limited, a certified partner of global enterprise software giant SAP, has signed a new project with Unity Foods Limited to help them achieve advanced end-to-end digitization. The company, which is Pakistan’s leading producer of food and feed products, is all set to embark on a digital transformation journey with SAP’s cutting-edge solutions and Systems Limited as the implemRead More…

NUCES – FAST Sign Agreements with NiFT for Promoting Digital Financial Services

Karachi, June 10, 2021 (PPI-OT):National University of Computer and Emerging Sciences (NUCES-FAST) and National Institutional Facilitation Technologies (NiFT) signed an Agreement for promotion of digital financial services in Pakistan and a Memorandum of Understanding (MoU) to collaborate on digitization projects for capacity building of human resource.
The signing ceremony was attended by Mr. Haider Wahab, Chief ExeRead More…

U Microfinance Bank Wins ‘Fastest Growing Microfinance Bank’ at Global Business Outlook Awards, 2021

Islamabad, June 10, 2021 (PPI-OT):During the Global Business Outlook Awards in May, 2021 U Microfinance Bank Ltd. (U Bank) was awarded Fastest Growing Microfinance Bank Pakistan. The Global Business Outlook Awards seek to recognize and reward excellence in businesses around the world. They are designed to facilitate the outstanding work of businesses and business leaders across industries, in terms of performance, inRead More…

Faysal Bank initiates Vaccination Drive for employees

Islamabad, June 10, 2021 (PPI-OT):Prioritizing the health and safety of their staff and customers, the leading Islamic bank of Pakistan, Faysal Bank Limited has initiated the FBL Vaccination Drive at their Head Office in Karachi. The vaccine will be administered, free of cost, to 7,000 plus employees of the bank (of ages 18 years and above).
On the first day of the drive, over 300 employees received the single dose CRead More…

General Tyre evolves to reiterate its market leadership through technological advancements

Karachi, June 10, 2021 (PPI-OT):Reflecting a fresh outlook, General Tyre and Rubber Company (GTR) one of the country’s premier suppliers of tyres, is rebranding itself to resonate more effectively with a younger demographic which forms bulk of the company’s customer base. The organization will now carry a revamped logo to assert itself as a name which has been synonymous with road safety and ride performance for Read More…

WAPDA completes Tarbela intakes raising ahead of schedule to clear sedimentation

Lahore, June 10, 2021 (PPI-OT):The Pakistan Water and Power Development Authority (WAPDA) successfully completed construction works to clear sedimentation by raising the intakes of two tunnels at Tarbela Hydel Power Station ahead of schedule. These construction works were funded by the World Bank, aimed at increasing reliability of electricity generation from Tarbela Dam.
With completion of these works and increased Read More…

COVID-19 claims 13 more patients, infects 675 others

Karachi, June 10, 2021 (PPI-OT):As many as 13 more patients of Coronavirus died overnight lifting the death toll to 5,196 and 675 new cases emerged when 13,245 tests were conducted. This was stated by Sindh Chief Minister Syed Murad Ali Shah in a statement issued here on Thursday. He added that 13 more patients of COVID-19 lost their lives lifting the death toll to 5,196 that constituted 1.6 percent death rate.
Mr. SRead More…

Commander Azerbaijan Naval Forces calls on Chief of the Naval Staff at Naval Headquarters

Islamabad, June 10, 2021 (PPI-OT):Rear Admiral Subhan Bakirov, Commander Azerbaijan Naval Forces (ANF) called on Chief of the Naval Staff, Admiral Muhammad Amjad Khan Niazi at Naval Headquarters, Islamabad. Upon arrival, Commander Azerbaijan Naval Forces was received by Chief of the Naval Staff. A smartly turned out contingent of Pakistan Navy presented Guard of Honour. Thereafter, the dignitary laid floral wreath atRead More…

Capital cops get training on modern techniques of investigation

Islamabad, June 10, 2021 (PPI-OT):Islamabad Capital Territory police on Wednesday organized a training course for its personnel on modern techniques of investigation and prevention of human trafficking. The prominent figures from various schools of thought shared their experiences with investigation officers on crime prevention.
Parliamentary secretary for Interior Shaukat Ali graced the occasion as chief guest, whilRead More…