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Karachi, January 29, 2013 (PPI-OT): Bank Alfalah Ltd. (BAFL), and Warid Telecom have decided to work together for setting up branchless banking services in Pakistan. According to Alfalah Securities Limited, the technological support for this purpose would be provided by Monet and the pilot testing launch is currently underway which …
Read More »Daily Archives: January 29, 2013
SBP injected PkRs 690bn in banking system – Alfalah Securities Limited
Karachi, January 29, 2013 (PPI-OT): State Bank of Pakistan (SBP) has injected PkRs 690 bn in the banking system on Monday to meet the liquidity requirement of the banks through its reserve repo open market operation in the Treasury Bills and Pakistan Investment Bonds for four days against the offered …
Read More »Pakistan Industrial and Traders Associations Front urges political parties to share economic agenda with private sector
Lahore, January 29, 2013 (PPI-OT): Pakistan Industrial and Traders Associations Front (PIAF) has urged all the political parties to share their respective economic agenda with the private sector for much-needed industrial and economic revolution. In a statement issued here, PIAF Chairman Engineer Sohail Lashari said that political debate and economic …
Read More »United States’ investors showing keen interest in oil and gas exploration in Pakistan: Commercial Counsellor
Lahore, January 29, 2013 (PPI-OT): US investors are showing keen interest in oil and gas exploration in Pakistan, US Commercial Counsellor James Fluker was talking to LCCI President Farooq Iftikhar during a visit to the Lahore Chamber of Commerce and Industry on Tuesday. Frank P Tallute, Economic Officer, US Consulate, …
Read More »JCR-VIS reaffirms ratings of First Paramount Modaraba
Lahore, January 29, 2013 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of First Paramount Modaraba (FPM) at ‘BBB’ (Triple B). Short-term rating has also been reaffirmed at ‘A-3’ (A-Three). Outlook on the rating is ‘Stable’. Ratings take into account the conservative risk …
Read More »Pakistan Credit Rating Agency Limited assigns entity rating of “BB” (Double B), short term rating of “B” (B) to Maple Leaf Cement Factory Limited
Lahore, January 29, 2013 (PPI-OT): The Pakistan Credit Rating Agency Limited (PACRA) has assigned a long term entity rating of “BB” (Double B) and short term rating of “B” (B) to Maple Leaf Cement Factory Limited. Meanwhile, Sukuk issue of PKR 8,000mln has been assigned a rating of “BB+” (BB …
Read More »Pakistan expected to get P3C Orion
Washington, January 29, 2013 (PPI-OT): Pakistan is expected to receive maritime surveillance P3C Orion aircraft from the United States this year in an indication of strengthening defense cooperation between the two countries. Islamabad’s ambassador to the U.S. Sherry Rehman, who has been meeting with top American officials as part of …
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