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Daily Archives: July 2, 2015

Time to shift focus from stabilization to growth: Khurram Dastagir

Karachi, July 02, 2015 (PPI-OT): Federal Minister for Commerce Engr. Khurram Dastagir Khan has said that the government has succeeded in creating a stabilized platform and now the time has come to shift focus from stabilization to growth. “Economy of Pakistan is on the right track today due to the far-reaching structural reforms, stabilization measures ...

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Amnesty plan to curb insurgency lauded – Balochistan amnesty plan termed a great move

Islamabad, July 02, 2015 (PPI-OT): President Pakistan Businessmen and Intellectuals Forum (PBIF) and former provincial minister Mian Zahid Hussain on Thursday lauded the military and political leadership for announcing general amnesty for militants fighting the State since a decade. The situation in Balochistan deteriorated after assassination of Nawab Akbar Bugti which is now coming under ...

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Huawei introduces a smartphone that shoots long exposures and a fitness tracker that converts into a headset

Lahore, July 02, 2015 (PPI-OT): It is hard to make an Android smartphone that stands out from the crowd, but Huawei takes a stab at it with the P8 which has innovative camera features. The camera is a 13-megapixel model with built-in optical image stabilization. The sensor is a four-color RGBW (red, green, blue, white) ...

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Karachi Port breaks all records of cargo/container handling – The Port handled 43.42 million tons of cargo and 1.72 million containers in 2014-15

Karachi, July 02, 2015 (PPI-OT): The cargo handling activities of the Karachi Port has gained a fast paced momentum which resulted in breaking all previously set records of cargo handling. The financial year 2014-15 has remained phenomenal for KPT as Karachi Port registered a record handling of 43.42 million tons cargo and 1.72 million Container ...

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Warid launches LTE in Hyderabad

Karachi, July 02, 2015 (PPI-OT): Warid today announced the launch of its LTE services in Hyderabad. With this, Warid’s LTE footprint has spread to Pakistan’s 13 major cities. In addition to this, Warid is offering free SIM replacements to all customers in Hyderabad with LTE compatible handsets. All new Warid LTE customers and existing customers ...

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JCR-VIS reaffirms entity rating of Silk Bank Limited

Karachi, July 02, 2015 (PPI-OT): JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Silk Bank Limited (Silk) at ‘A-/A-2’ (Single A Minus/A-One). Outlook on the assigned ratings is ‘Stable’. The previous rating action was announced on December 17, 2014. During the outgoing year, Silk received Rs. 2b as advance against shares subscription. ...

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Finance Minister addresses Bank inauguration ceremony

Islamabad, July 02, 2015 (PPI-OT): Finance Minister, Senator Mohammad Ishaq Dar on Thursday inaugurated the MCB branch heralding its first wholesale banking operations in Dubai, UAE. The inaugural ceremony was attended by H.E. Sheikh Nahyan Mubarak al Nahyan, Deputy Governor State Bank of Pakistan, Mr. Riaz Riazuddin, UAE Central Bank officials and a large number ...

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