DEG Re-Enters Pakistan Insurance Market through Stake in TPL Insurance

Karachi, April 22, 2021 (PPI-OT): DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, a wholly owned subsidiary of KfW Group based in Cologne, Germany, has acquired a 19.9% equity stake in TPL Insurance by investing PKR 466.5 million on a fully diluted basis. The acquisition follows TPL Insurance’s announcement made in June last year to the Pakistan Stock Exchange on DEG’s interest in acquiring aRead More…

VIS Maintains Entity Ratings of Automobile Corporation of Pakistan

Karachi, April 22, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has maintained the entity ratings of Automobile Corporation of Pakistan (AUTOCOM) at ‘BBB/A-2’ (Triple B/ A-Two). Outlook on the ratings has been revised from ‘Rating Watch-Negative’ to ‘Stable’. The long term rating of ‘BBB’ signifies adequate credit quality; protection factors are reasonable and sufficient. Risk factors are coRead More…

HUAWEI AppGallery is getting Bigger and Better Everyday – Introducing New Apps!

Islamabad, April 22, 2021 (PPI-OT):The digital world promises fascinating new technologies and solutions that offer exciting experiences and add more convenience to the consumers’ lives. The global technology leader – Huawei has also compiled the HUAWEI AppGallery – an official and exclusive app-marketplace, where the consumers can access and enjoy the largest collection of innovative mobile-applicationRead More…

A Favourite with the Experts – the all new Realme 8 Series Wins Accolades at the Influencer Roundtable

Islamabad, April 22, 2021 (PPI-OT): Realme Pakistan indulged in a unique discussion about their upcoming Realme 8 Series. It was an influencer roundtable featuring Realme Allies from different walks of life, such as design, photography, gaming and technology who talked about all the elements that the Realme 8 Series offers to people. The new Realme 8 Series brings exceptional camera features with a powerful processorRead More…

Strong Business Performance Improved Bank Alfalah’s Mar ’21 Profitability By 23%

Karachi, April 22, 2021 (PPI-OT): The Board of Directors of Bank Alfalah Limited in its meeting held on April 22, 2021, approved the Bank’s unaudited condensed interim financial statements for the quarter ended Mar 31, 2021. The Bank posted a profit after taxation of Rs. 3.471 billion which is 23% higher against Rs. 2.281 billion for the corresponding quarter last year. The results reflect strong underlying performRead More…

OctaFX Boosts Infrastructure Project in a Pakistani Town

Islamabad, April 22, 2021 (PPI-OT): The global fintech company OctaFX recently financed the complete reconstruction of a crumbling, old road upon one faithful Pakistani resident’s explicit wish. A wish she was entitled to since she won the firm’s contest ‘Proud of my home’. The road reconstruction finished before this year’s Ramadan Holiday season started.
It all goes back to OctaFX having organizedRead More…

President Sialkot Chamber expresses gratitude to Commissioner Gujranwala Division, Deputy Commissioner and District Police Office, Sialkot for visiting Sialkot Chamber to have discussion on matters of mutual interest

Sialkot, April 22, 2021 (PPI-OT): Mr. Qaisar Iqbal Baryar, President, Sialkot Chamber of Commerce and Industry, in a press statement expressed gratitude to Mr. Zulfiqar Ghumman, Commissioner Gujranwala Division, Mr. Tahir Farooq, Deputy Commissioner and Mr. Abdul Ghaffar Qaisrani, District Police Office, Sialkot, for visiting Sialkot Chamber to have discussion on matters of mutual interest. He especially highlighted Read More…

Emirates commences IATA Travel Pass trials simplifying COVID-19 related travel requirements

Karachi, April 22, 2021 (PPI-OT): Emirates today commenced trials of the International Air Transport Association (IATA) Travel Pass – a mobile app to help passengers easily and securely manage their travel in line with any government requirements for COVID-19 testing or vaccine information. According to a statement issued on Thursday, the first passengers travelling from Dubai to Barcelona on EK 185 today trialRead More…

SMEDA and HEC Collaborate to support Entrepreneurship Development

Lahore, April 22, 2021 (PPI-OT): The Small and Medium Enterprises Development Authority (SMEDA) has joined hands with Higher Education Commission of Pakistan (HEC) to support entrepreneurship development and new enterprise creation in the country through a Memorandum of Understanding (MoU) signed by Mr. Hashim Raza CEO SMEDA and Dr. Shaista Sohail, Executive Director HEC. The MoU has been a result of the joint delibeRead More…

Shell Pakistan posts 1.9 billion profit for Q1 2021

Karachi, April 22, 2021 (PPI-OT): The Board of Directors of Shell Pakistan Limited (SPL) announced the first quarter financial results on April 22nd. The company posted a profit after tax of PKR 1,948 million compared to the loss of PKR 4,332 million made in the same period last year.
Q1 saw a significant recovery compared to a very tough last year. The encouraging turnaround is mainly driven by continued focus on stRead More…