Category: General Business News

Islamabad,
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…

Lahore,
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…

Lahore,
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…

Karachi,
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…

Karachi,
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…

Karachi,
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…

Karachi,
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…

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…