Karachi, February 26, 2015 (PPI-OT): The Board of Directors of National Bank of Pakistan in their meeting held on February 26, 2015 at the Bank’s Head Office Karachi approved the financial statements of the bank for the year ended December 31, 2014. The Board have proposed final cash dividend of Rs.5.5 per share (55%) for ...

Lahore, February 26, 2015 (PPI-OT): LPG Association of Pakistan (LPGAP) has demanded of the Government to take cognizance of the import of low quality, spurious and adulterated LPG to avoid any untoward incident. The Chairman LPGAP Mr. Farooq Iftikhar said that some unscrupulous importers are selling low quality and cheap LPG and playing with the ...

Karachi, February 26, 2015 (PPI-OT): LG Electronics (LG) and Google are making virtual reality (VR) more accessible to mainstream consumers. LG today announced a free VR for G3 giveaway for customers who purchase new LG G3 smartphones. LG’s VR for G3 works with Google Cardboard and enables G3 owners to experience a variety of VR-compatible ...

Karachi, February 26, 2015 (PPI-OT): The industry has vehemently rejected the national assembly’s anti-industry and anti-nation act of extending legal protection to the Gas Infrastructure Development Cess (GIDC) to be recovered from the industrial sector in particular. As the National Assembly Standing Committee has approved the amended Gas Infrastructure Development Cess (GIDC) bill, 2014, to ...

Islamabad, February 26, 2015 (PPI-OT): In accordance with its policy to strengthen and empower the frontline regulators and safeguard investors’ interests, the Securities and Exchange Commission of Pakistan (SECP) has initiated the process of overhauling the Boards of Directors of stock and mercantile exchanges to improve their effectiveness. In pursuance of this policy, the SECP ...

Islamabad, February 26, 2015 (PPI-OT): The newly elected office bearers of Traders Welfare Association, F-10 Markaz, Islamabad visited Islamabad Chamber of Commerce and Industry led by its President Ch. Amanullah Cheema and highlighted various issues being faced by the traders of the area. Speaking at the occasion, Ch. Amanullah Cheema, President, Traders Welfare Association, F-10 ...

Karachi, February 26, 2015 (PPI-OT): The Management Quality (MQ) Rating scale for Asset Management companies undertaking investment advisory services alone has been appended with the suffix IA to distinguish it from MQ Ratings for asset management companies outstanding by JCR-VIS Credit Rating Company Limited (JCR-VIS). JCR-VIS has harmonized the previously outstanding rating of Magnus Investment ...