Huawei Y9 Prime 2019 Pulls in Orders worth Rs 75 Million in Just Two Hours

July 12, 2019 (PPI-OT): It seems that the Huawei fever is continuing well
beyond the pre-order phase of Huawei Y9 Prime 2019. After roping in 300% more
pre-orders than its predecessor, sales of the midrange killer have swelled up
manifolds. In the first two hours since the phone went on sale, people
purchased PKR 75,000,000/- worth of Y9 Prime 2019 from Huawei outlets
nationwide. While
the pre-orders aRead More…

PACRA assigns preliminary rating to Pharmagen Limited

July 12, 2019 (PPI-OT): The rating reflect the strength of the security
structure of the sukuk. This entails in-built advance cushion against the
upcoming repayments. The rating reflect strong positioning of Pharmagen Limited
in its respective market. The pharmaceutical industry has witnessed a high rate
of sustained growth over the years. Cost-efficiencies as well as demand in-elasticity
are benefiting the Read More…

PACRA Maintains Entity Ratings of Liberty Mills Limited

July 12, 2019 (PPI-OT): Liberty Mills’ ratings reflect diversity in revenue
stream emanating from textile business topped up with non-core recurring income
from investments. The holding company structure of the entity strengthens its
profile; investment book constitutes ~53% of the equity base and related income
has historically provided a significant buffer to the bottomline. Strategic
holding in IPP &#82Read More…

K-Electric continues to raise the Bar in Social Media for 3rd Straight Year

July 12, 2019 (PPI-OT): K-Electric won the ‘Best Social Media Influencer
Communication’ award at Pakistan Digi Awards 2019. This is the 4th award won by
KE in three years and is a testament to its vision of maximizing customer
convenience through the use of technology. The event was attended by leading
professionals from the digital industry. Various brands, agencies and
individuals competed for 80 cateRead More…

Turkey should remove local preventive in PTA/FTA with Pakistan

July 12, 2019 (PPI-OT): Turkey should remove local preventive in PTA/FTA with
Pakistan, this was stated by Engr. Daroo Khan Achakzai, President of the Federation
of Pakistan Chambers of Commerce and Industry in a press release issued. He
said that in the past textile exports to Turkey was based on normal tariffs of
imports but later Turkey imposed protective duties i.e. 18% which were very
high, leading to Read More…

Standard Chartered Pakistan launches “Sustainability Review 2018”

July 12, 2019 (PPI-OT): Standard Chartered Pakistan launches its annual
Sustainability Review, setting out how it has delivered on its strategy to
provide a strong return for shareholders, while creating social and economic
value in the communities where it operates. As the
largest international bank in the country, Standard Chartered is now truly a
part of the social fabric of this country. Through the Read More…

Burden of taxes, Textile industry reached the brink of destruction

July 12, 2019 (PPI-OT): Khawar Noorani, Ex-Chairman, Pakistan Yarn Merchants
Association (PYMA), requested to Prime Minister Imran Khan to Save Industries
from destruction and demanded to reduce Taxes on Export Oriented Industries. In
a statement, Mr. Noorani said that, Businessmen and Industrialists were very
hopeful that Imran Khan, as a Prime Minister, took steps for development of
Trade and Industry, whRead More…

Signify launches Trulifi: the world’s most reliable, high-speed commercial LiFi systems

Islamabad, July 11, 2019 (PPI-OT): The worlds of lighting and telecommunications converged today. Signify (Euronext: LIGHT), the world leader in lighting, launched a new range of LiFi systems that includes the world’s fastest and most reliable LiFi systems commercially available. The range, branded Trulifi, leverages existing and future professional luminaires. Instead of using radio signals (such as WiFi, 4G/5G, BRead More…

ICCI for channelling remittances towards productive activities through policy measures

Islamabad, July 11, 2019 (PPI-OT): The Islamabad Chamber of Commerce and Industry has called upon the government to take policy measures and offer good incentives for channelling remittances towards the investment and productive activities that would help in promoting business activities and improving economic growth of the country.
Ahmed Haqssan Moughal, President, Islamabad Chamber of Commerce and Industry said thaRead More…

FPCCI hails Constitution of Sindh Industrial Liaison Committee

Karachi, July 11, 2019 (PPI-OT): Engr. Daroo Khan Achakzai, President and Noor Ahmed Khan, Vice President of Federation of Pakistan, Chambers of Commerce and Industries (FPCCI) in a press release issued today have appreciated Syed Murad Ali Shah, Chief Minister and Syed Mumtaz Ali Shah, Chief Secretary of Sindh for constituting a broad based 28 members “Industrial Liaison Committee (ILC)”, under the Chairmanship Read More…