VIS Matures HBL’s Tier-2 TFC ratings

Karachi, June 18, 2021 (PPI-OT):VIS Credit Rating Company Limited (VIS) has matured the rating of existing Basel III compliant Tier 2 TFC of HBL (issued in February 2016) since the Bank has exercised the available call option on the instrument post completion of five years from the issue date. The instrument stands fully redeemed as on February’2021 and has been delisted from the Pakistan Stock Exchange. Previous rRead More…

VIS Maintains Entity Ratings of Premium Textile Mills Limited

Karachi, June 18, 2021 (PPI-OT):VIS Credit Rating Company Limited (VIS) has maintained the entity ratings of Premium Textile Mills Limited (PRET) at ‘A-/A-2’ (A Minus/A-Two). Outlook on the assigned ratings has been revised from ‘Rating Watch-Negative’ to ‘Stable’. The long term rating of ‘A-’ signifies good credit quality; protection factors are adequate. Risk factors may vary with possible changes iRead More…

ICCI calls for withdrawal of Sec-203(A) to save taxpayers from unnecessary troubles

Islamabad, June 18, 2021 (PPI-OT):The Islamabad Chamber of Commerce and Industry (ICCI) has expressed strong concerns over the introduction of Sec-203(A) in the Federal Budget 2021-22, which has given powers to FBR Officers to arrest a taxpayer on pretext of concealment of income and called upon the government to immediately withdraw it in order to save the taxpayers from unnecessary troubles.
The Sec-203 (A) grants Read More…

COVID-19 claims eight more patients, infects 542 others

Karachi, June 18, 2021 (PPI-OT):As many as eight more patients of Coronavirus died overnight lifting the death toll to 5,314 and 542 new cases emerged when 13,970 tests were conducted. This was stated by Sindh Chief Minister Syed Murad Ali Shah in a statement issued here on Friday. He added that eight more patients of COVID-19 lost their lives lifting the death toll to 5,314 that constituted 1.6 percent death rate. MRead More…

HEC, United Nations Development Programme, Australian High Commission and Sehat Kahani inaugurated three Wellness Centres in universities of Khyber Pakhtunkhwa

Peshawar, June 18, 2021 (PPI-OT):Sehat Kahani, with support from United Nations Development Programme (UNDP), HEC and the Australian High Commission in Pakistan (AHC), inaugurated three Wellness Centres in leading universities of Khyber Pakhtunkhwa under its Mental Health Initiative to extend holistic mental health counselling and support services to the students.
These Wellness Centres, with a dynamic approach to meRead More…

Federal Minister for Science and Technology to PSQCA-Complex, Karachi

Karachi, June 18, 2021 (PPI-OT):The Federal Minister for Science and Technology, Senator Shibli Faraz during his visit to PSQCA appreciated the efforts made by PSQCA in respect of automation of their services for importers and exporters and local manufacturers for ease of doing business. He advised to devise the database system and should link it with Customs and integrated with each other, tracking and timelines mayRead More…

Pakistan condemns baseless insinuations by Afghan NSA

Islamabad, June 18, 2021 (PPI-OT):Pakistan has strongly condemned the baseless insinuations by Afghan National Security Advisor Hamdullah Mohib, alleging Pakistan’s involvement in the internal affairs of Afghanistan. Responding to media queries regarding unwarranted remarks by the Afghan National Security Advisor, Foreign Office Spokesperson Zahid Hafeez Chaudhri said Pakistan’s role in the Afghan Peace PRead More…

Pakistan reaffirms its resolve to deepen fraternal ties with Niger

Islamabad, June 18, 2021 (PPI-OT):Pakistan has reaffirmed its resolve to deepen fraternal ties with Niger and promote “Engage Africa” initiative. This resolve was expressed at a meeting between Foreign Secretary Sohail Mahmood and Niger’s Ministers for Industry and Investment Gado Sabo Moctar and Zakari Wargo Boubacar in Islamabad on Friday.
The Foreign Secretary expressed satisfaction at the close Read More…

Foreign Minister reiterates Pakistan’s firm commitment towards GSP+ preferential trade regime

Islamabad, June 18, 2021 (PPI-OT):Foreign Minister Shah Mahmood Qureshi has reiterated Pakistan’s firm commitment towards the GSP Plus preferential trade regime and effective implementation of the 27 related international conventions. He was talking to the European Union High Representative for Foreign Affairs and Security Policy Vice President of the European Commission Josep Borrell on the side-lines of the ARead More…

Foreign Minister stresses on making intra-Afghan talks successful

Islamabad, June 18, 2021 (PPI-OT):Foreign Minister Shah Mahmood Qureshi held a meeting with Chairman of Afghanistan’s High Council for National Reconciliation Abdullah Abdullah on the sidelines of Antalya Diplomatic Forum in Turkey today (Friday). The Foreign Minister stressed on making intra-Afghan talks successful to retreat peace spoilers.
He said Pakistan looks forward to working closely with all Afghan leaRead More…