Bank of Punjab and McDonald’s Pakistan Partner to Install ATMs at Key McDonald’s Outlets

Lahore, August 02, 2021 (PPI-OT): The Bank of Punjab (BOP) has signed an MoU with McDonald’s Pakistan for the installation of ATMs at key McDonald’s outlets. The MoU was signed by Zahid Mustafa, Group Chief, Consumer and Digital Banking at BOP, and Umar Toor, National Manager, Real Estate Development at McDonald’s. The ceremony was held at McDonald’s, Lahore Polo Club, DHA, Lahore.
Addressing the ceremony, ZaRead More…

3000 MW (Maximum Available Power) Bi-pole High Power test on ±660 kV Matiari-Lahore Transmission Line completed successfully and NTDC system remained stable during the Test

Lahore, August 02, 2021 (PPI-OT): High power testing of ±660kV HVDC Matiari-Lahore Transmission line is completed on fast track with close liaison of Pak Matiari Lahore Transmission Line Company (PMLTC) and National Transmission and Despatch Company (NTDC). HVDC system, today, transmitted 3000MW power on Bi-pole successfully as per requirement of Transmission Services Agreement.
Managing Director NTDC Engr. MuhammadRead More…

Zong Brings Amazing WhatsApp Offer for My Zong App Users

Lahore, August 02, 2021 (PPI-OT): Offering customers exciting discounts, Pakistan’s cellular and digital services leader, Zong, has introduced an unbeatable WhatsApp offer for MZA users, as part of its newly launched flash sale on My Zong App.
Under the promotion, Zong subscribers can now get a massive 35% off on the popular WhatsApp offer if subscribed via My Zong App. The required balance to subscribe to the offeRead More…

Imported fuel, transmission issues increasing power tariff: Mian Zahid Hussain

Karachi, August 02, 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 cheap electricity is very important to improve the standard of living of masses.
Affordable electricity boosts industrial and agricultural production and makes services cheap which Read More…

ICCI for taking traders on board before setting up POS devices in business units

Islamabad, August 02, 2021 (PPI-OT): Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce and Industry (ICCI) has proposed that the FBR should take traders and all market associations fully on board before setting up Point of Sale (POS) devices in the business premises that would help in broadening the tax base and improving the tax revenue of the country.
He said that the traders have been fully cooperaRead More…

PACRA Maintains Entity Ratings of Fauji Fertilizer Company Limited

Lahore, August 02, 2021 (PPI-OT): Pakistan has an agrarian economy, thus fulfills around ~ 84% of its fertilizer requirement through local production while the remaining is met through imports. The Country’s total fertilizer production capacity sails around ~ 7.1mln MT of Urea and CAN and ~ 1.7mln MT of DAP, NP, and NPK. In 5MCY21, Urea’s offtake share in total fertilizer has increased to ~65% (CY20: ~62%). MRead More…

PACRA Maintains Entity Ratings of Pak Arab Fertilizers Limited

Lahore, August 02, 2021 (PPI-OT): Pakistan has an agrarian economy, thus fulfills around ~ 84% of its fertilizer requirement through local production while the remaining is met through imports. The Country’s total fertilizer production capacity sails around ~ 7.1mln MT of Urea and CAN and ~ 1.7mln MT of DAP, NP, and NPK. In 5MCY21, Urea’s offtake stood at 2.2mln MT. Meanwhile, DAP’s offtake stood at 423,000Read More…

PACRA Upgrades Entity Rating of Sarena Textile Industries (Private) Limited

Lahore, August 02, 2021 (PPI-OT): Sarena Textile Industries (Private) Limited specializes in weaving, dyeing, printing, finishing and stitching. The Company offers various finished products and has created a niche where it processes and produces specialized cloth for fire resistant and other uniforms. The company is also licensee for PROBAN® in Pakistan. The Company employs experienced professionals, aided by compreRead More…

PACRA Maintains Entity Ratings of Fatima Fertilizer Company Limited

Lahore, August 02, 2021 (PPI-OT): Pakistan has an agrarian economy, thus fulfills around ~ 84% of its fertilizer requirement through local production while the remaining is met through imports. The Country’s total fertilizer production capacity sails around ~ 7.1mln MT of Urea and CAN and ~ 1.7mln MT of DAP, NP, and NPK. In 5MCY21, Urea’s offtake stood at 2.2mln MT. Meanwhile, DAP’s offtake stood at 423,000Read More…

COVID-19 claims 36 more patients, infects 1,847 others

Karachi, August 02, 2021 (PPI-OT):As many as 36 more patients of Coronavirus died overnight lifting the death toll to 6,057 and 1,847 new cases emerged when 13,107 tests were conducted. This was stated by Sindh Chief Minister Syed Murad Ali Shah in a statement issued here on Monday. He added that 36 more patients of COVID-19 lost their lives lifting the death toll to 6,057 that constituted 1.6 percent death rate. Mr.Read More…