Pakistani fashion e-commerce startup Clicky.pk attracts USD 700,000 in Pre-Series a funding round

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…

VIS Upgrades Entity Ratings of AKD Securities Limited

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…

Realme 50 million sales record receives praises from top industry partners

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…

ICCI mulls organizing a seminar on promoting Sharia compliant businesses

Islamabad, November 30, 2020 (PPI-OT): Molana Syed Muhammad Abdul Kabir Azad, Imam and Khateeb of Badshahi Mosque, Lahore visited Islamabad Chamber of Commerce and Industry and held a meeting with Sardar Yasir Ilyas Khan, President to exchange views on matters of mutual interest including the role of religious scholars in promoting peace, tolerance and interfaith harmony in the society. Abdul Rehman Khan, Vice PresidRead More…

Former governments damaged energy sector beyond repair

Islamabad, November 30, 2020 (PPI-OT): The Pakistan Economy Watch (PEW) on Sunday said former governments inflicted irreversible harm to the power sector by signing highly controversial power purchase agreements with the private sector that crippled masses, industry and agriculture.
The deals not only resulted in unbelievable profits for the private power sector but also increased tariff by 25 to 30 percent as comparRead More…

Call to help increase carpet exports in international market

Lahore, November 30, 2020 (PPI-OT): Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has said that country’s carpet industry has great potential to dominate global markets with innovative designs. This was stated by Senior Vice Chairman PCMEA Riaz Ahmed during a meeting at Carpet Training Institute on Sunday. Several other members of the association also participated in the meeting through video linkRead More…

Prime Minister’s corporate farming initiative lauded

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…

Decision to unbundle SOEs lauded

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…

Agreement with IMF must to improve economy: Mian Zahid Hussain

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…

Trade and Investment Conference held in Nanning to highlight potential of Pakistan’s market for China ASEAN Region

Nanning, November 30, 2020 (PPI-OT): Commercial Section, Consulate General of Pakistan Guangzhou on second day of CAEXPO has organized an exclusive Trade and Investment Promotion Conference in Nanning, capital city of Guangxi-Zhuang Autonomous Region of China on the sidelines of the ongoing 17th China-ASEAN Expo (CAEXPO). CAEXPO is the largest government sponsored, trade and investment oriented expo in China-ASEAN reRead More…