CDC Group agrees $50 million trade finance risk sharing facility with HBL Bank UK

Karachi, July 27, 2021 (PPI-OT):CDC Group, the UK’s development finance institution and impact investor, has announced a $50 million risk-sharing facility with HBL UK, the majority-owned subsidiary of HBL, Pakistan’s largest private sector bank. The facility will increase HBL UK’s capacity to support trade with local banks and trade supply chains across South Asia and Africa.
As COVID-19 continues to disrupt trRead More…

Business community supports appointment of Sardar Tanveer Ilyas Khan as Prime Minister of AJK for better economic development of the region

Islamabad, July 27, 2021 (PPI-OT):Ajmal Baloch, President, All Pakistan Anjuman-e-Tijaran along with a delegation visited the Islamabad Chamber of Commerce and Industry and congratulated Sardar Yasir Ilyas Khan President ICCI on election victory of his elder brother Sardar Tanveer Ilyas Khan who won his seat from LA-15 Bagh-II as PTI candidate. Baser Daud, Khalid Chaudhry, Mehboob Khan, Abdul Ghaffar Chaudhry, ChaudhRead More…

VIS Reaffirms Entity ratings of Arif Habib Limited

Karachi, July 27, 2021 (PPI-OT):VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Arif Habib Limited (AHL) at ‘AA-/A-1’ (Double A Minus/A-One). Long term rating of ‘AA-’ signifies high credit quality, and strong protection factors. Risk is moderate but may vary slightly from time to time because of economic conditions. Short term rating of A-1 denotes high certainty of timely paymenRead More…

ISW Holdings Lands Significant Hosting/Mining Agreement with Global Leader Bitmain to Launch Phase One at New Georgia Cryptocurrency Mining Operation

LAS VEGAS, July 27, 2021 (GLOBE NEWSWIRE) — via InvestorWire — ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is excited to announce the signing of a cryptocurrency mining hosting agreement (the “Agreement”) with Bitmain Technologies (“Bitmain”), the world’s leading producer of cryptocurrency mining hardware and a leading glRead More…

COVID Detection Rate touches 26.32 Percent in Karachi: Murad Ali Shah

Karachi, July 27, 2021 (PPI-OT):Sindh Chief Minister Syed Murad Ali Shah witnessing the current abnormal COVID spike in the province, particularly in Karachi has constituted a ministerial committee to sensitize all the stakeholders, including shopkeepers, traders, transporters and politicians to cooperate with the government in the supreme interest of the public health, otherwise nothing will remain under control. ThRead More…

COVID-19 claims 20 more lives, infects 2,517 others

Karachi, July 27, 2021 (PPI-OT):Sindh Chief Minister Syed Murad Ali Shah has said that as many as 20 more patients of Coronavirus died overnight lifting the death toll to 5,860 and 2,517 new cases emerged when 18,737 tests were conducted. This he stated in a statement issued here on Tuesday. He added that 20 more patients of COVID-19 lost their lives lifting the death toll to 5,860 that constituted 1.6 percent death Read More…

Inspector General of Police Khyber Pakhtunkhwa Moazzam Jah Ansari announces to celebrate 1st August as “Youm-e-Ghaziyan Police” of Khyber Pakhtunkhwa Police every year

Peshawar, July 27, 2021 (PPI-OT):The Inspector General of Police Khyber Pakhtunkhwa Moazzam Jah Ansari has announced to celebrate 1st August as “Youm-e-Ghaziyan Police” of Khyber Pakhtunkhwa Police every year. The IGP chaired a videoconference to finalize arrangements of the Ghaziyan of Police Day. All Regional Police Officers attended the meeting. The IGP said that all the ghazis had fought to establish Read More…

A high level meeting of Punjab Police and FIA chaired by IG Punjab to curb money laundering

Lahore, July 27, 2021 (PPI-OT):Inspector General of Police Punjab Inam Ghani has said that rooting out anti-social elements financing terrorists including illegal acquisition and transfer of capital is one of the top priorities of Punjab Police for which Punjab Police, FIA and other national agencies will continue mutual operations. He further said that Punjab Police has played its full role in bringing Pakistan to tRead More…

Monetary Policy Statement

Karachi, July 27, 2021 (PPI-OT):At its meeting on 27th July 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. Since its last meeting in May, the MPC was encouraged by the continued domestic recovery and improved inflation outlook following the recent decline in food prices and core inflation. In addition, consumer and business confidence have risen to multi-year highs and infRead More…

FBR notifies the committee for integration of businesses

Islamabad, July 27, 2021 (PPI-OT):In order to rapidly increase tax revenues by adding new taxpayers via extensive and innovative use of technology, Federal Board of Revenue (FBR) has issued a Notification for the constitution of a Committee for Integration of Businesses which has been formed by Federal Minister for Finance and Revenue. Mr. Aneeq Khawar has been appointed as the Chairman of the Committee. He will repoRead More…