Category: Business News

Lahore, November 30, 2020 (PPI-OT): Lahore-based fashion e-commerce startup, Clicky.pk, closed USD 700,000 in a Pre-Series A round of funding. Former executives from Amazon MENA region as well as Xiaomi along with few other angel investors participated in the round.
Founded in 2016 by Muhammad Khalid and Syed Shahzad, Clicky.pk is Pakistan’s top fashion-focused marketplace and retail startup. Having known each otheRead More…

Karachi, November 30, 2020 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has upgraded the entity ratings of AKD Securities Limited (AKDSL) from ‘A/A-2’ (Single A/A-Two) to ‘A+/A-1’ (Single A Plus/A-One). Outlook on the assigned ratings is ‘Stable’. Long Term Rating of A+ reflects good credit quality, adequate protection factors. Risk factors may vary with possible changes in the economy. Short Term RatinRead More…

Islamabad, November 30, 2020 (PPI-OT): The young and trendsetting technology company, realme just become the world’s fastest brand sales record of 50 million units. This is the sales figure of the brand since its establishment about two years ago only. According to Counterpoint’s latest global smartphone report, realme’s smartphone shipments were 14.8 million units in the third quarter of 2020 securing the top Read More…

Islamabad, November 30, 2020 (PPI-OT): Former President ICCI Shahid Rasheed Butt on Sunday lauded the decision of the Prime Minister Imran Khan to introduce corporate farming which will improve the food security situation in the country. The move may attract huge investment which will improve the struggling agriculture sector and provide edibles to masses at a reasonable price, he said.
Shahid Rasheed Butt also laudeRead More…

Islamabad, November 30, 2020 (PPI-OT): Former President ICCI Shahid Rasheed Butt on Monday lauded the decision of the Prime Minister Imran Khan to downsize state-run-enterprises wasting trillions of rupees annually. Around 4500 employees of the Pakistan Steel Mills have been terminated which will reduce salary burden by 50 percent to Rs170 million, he said.
The business leader said that the remaining staff of the steRead More…

Karachi, November 30, 2020 (PPI-OT): Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said forex reserves have hit an all-time high of 13.5 billion dollars during the tenure of current government due to the prudent policies of the central bank.
The forex reserves can jumRead More…