Karachi, March 25, 2015 (PPI-OT): The Karachi Chamber of Commerce and Industry (KCCI), in a statement issued, advised all its members to renew their KCCI membership by March 31, 2015 in order to avoid any inconvenience. The process of membership renewal is currently underway at the Karachi Chamber for the year 2015-16 and as per ...

Karachi, March 25, 2015 (PPI-OT): Zulfikar Thaver president of the Union of Small and Medium Enterprises (UNISAME) in a talk show on a business television channel urged the government to meet the requirements of finance, raw material, land, energy, technology and marketing support. He emphasized the need for finance at affordable mark up with credit ...

Lahore, March 25, 2015 (PPI-OT): Chairman Punjab Board of Investment and Trade (PIBT) Abdul Basit has pledged to make Punjab a hub of economic activity in true sense of words. In a statement issued here Wednesday, Abdul Basit said that investment in Punjab would be promoted through well planned strategy. He said that all stake ...

Lahore, March 25, 2015 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has assigned the Insurer Financial Strength (IFS) rating of Pak-Qatar General Takaful Limited (PQGTL) “A” (Single A) with Stable Outlook. The rating denotes strong capacity to meet policyholders and contract obligations. Pak-Qatar General Takaful Limited being an early entrant in Takaful has achieved good ...

Karachi, March 25, 2015 (PPI-OT): Pakistan’s largest express and logistics company, TCS has signed a Corporate Financing Agreement with Dubai Islamic Bank (Pakistan) Ltd. worth PKR 600 million which includes short-term working capital, fleet financing, and car financing facilities for TCS employees. The overall arrangement and delivery of financial services would involve close collaboration between ...

Karachi, March 25, 2015 (PPI-OT): Pakistan’s sovereign credit ratings, commencing in 1994 with a ‘B+’ from S and P and a ‘Ba3’ rating from Moody’s, have gradually treaded down to B- and Caa1, respectively, at present. Moody’s last downgraded Pakistan’s rating in Jul’12 and while raised its outlook from ‘negative’ to ‘stable’ in Jul’14, it ...

Islamabad, March 25, 2015 (PPI-OT): “Pakistan-China Economic Corridor (CPEC) will benefit three billion people inhabiting China, South Asia, Central Asia and the Middle East. CPEC is a vital bridge that connects the ‘Silk Road Economic Belt’ and ‘Maritime Silk Road’. Both “the Belt” and “the Road” are visionary concepts for regional connectivity conceived by the ...