181-key resort to launch in 2016 SINGAPORE, Nov. 24, 2014 / PRNewswire / Asianet-Pakistan — Award-winning Asian hospitality group Meritus Hotels & Resorts announced the signing of a management agreement with Indonesian property developer PT. Bali Seminyak Sejahtera to operate a new-build resort in Seminyak, one of the most popular destinations on the island of […]

Karachi, November 24, 2014 (PPI-OT): JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength rating (IFS) of The Universal Insurance Company Limited (UICL) at ‘BBB’ (Triple B). Outlook on the rating remains ‘Negative’. The previous rating action was announced on Dec 28, 2012. UICL has not been able to arrest the declining trend ...

Karachi, November 24, 2014 (PPI-OT): Digits, a digital agency has released the digital trend report for the month of November 2014. Purpose of this report is to give readers an overview of the digital industry landscape of Pakistan. the report covers how social media is evolving and how brands locally and globally are effectively using ...

Karachi, November 24, 2014 (PPI-OT): Single-digit interest rates here to stay Led by lower food and petroleum product prices, Nov’14 CPI is expected to clock in at the sub-5%YoY range, which will vindicate the SBP’s 50bps cut in the DR to 9.5% particularly as the PkR has gained 1.1%MTD vs. the US$. While Nov’14 CPI ...

Karachi, November 24, 2014 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the rating assigned to TFC-1 issue of Allied Bank Limited (ABL) at ‘AA’ (Double A). Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on October, 02, 2013. ABL is one of the largest banks in the country ...

Islamabad, November 24, 2014 (PPI-OT): Mr. Jam Kamal Khan, Minister of State for Petroleum and Natural Resources who is on visit to Turkmenistan, called on the President of the Turkmenistan, H.E. Mr. Gurbanguly Berdimuhammedov on November 18, 2014. He conveyed warm greetings and regards from the Prime Minister of Pakistan to Turkmen President and discussed ...

Islamabad, November 24, 2014 (PPI-OT): Investors Conferences on Sukuk bonds began here Monday with the inaugural conference being held in Abu Dhabi in the morning followed by the second conference in Dubai later in the afternoon. Having successfully concluded the Middle East road shows/investors conferences, the Pakistan team led by the Finance Minister Ishaq Dar ...