January 29, 2016 - AsiaNet-Pakistan

Archive for January 29th, 2016

Pakistan Credit Rating Agency Limited maintains ratings of AutoSoft Dynamics (Private) Limited

January 29, 2016 | General Business News

Lahore, January 29, 2016 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of AutoSoft Dynamics (Private) Limited (AutoSoft) at “A-” (Single A Minus) and “A1” (A One), respectively. The ratings denote a low expectation of credit risk and a strong capacity for timely payment of financial commitments. The …

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Pearl Securities Limited – Weekly Point

January 29, 2016 | General Business News

Karachi, January 29, 2016 (PPI-OT): Weekly Roundup Last week was very thrilling as world’s stock markets were the main drivers and dominated the atmosphere all the time. The benchmark KSE-100 touched week high level at 31,462 and concluded at 31,298.60. Total trading volumes remained on the lower note as it decelerates by 21% to 584m …

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Mobicash partners with Cheezmall.com to simplify Online Shopping Experience

January 29, 2016 | General Business News

Karachi, January 29, 2016 (PPI-OT): Mobicash has partnered with Cheezmall.com, the Chinese Online Shopping Portal in Pakistan to facilitate online shopping for making payments for purchases made through cheezmall.com. The service enables customers with most convenient and secure online payment options. With the Chinese supplier base of more than 200,000 Cheezmall.com brings a new revolution …

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LG Electronics announces fourth-quarter 2015 operating profit

January 29, 2016 | General Business News

Karachi, January 29, 2016 (PPI-OT): LG Electronics Inc. (LG) today announced a fourth-quarter 2015 operating profit of KRW 349 billion (USD 301.38million), marking a 27 percent increase from the same period in 2014 thanks in large part to improved quarterly profitability from home appliances and home entertainment products. The LG Home Appliance and Air Solution …

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Huawei directly responds to Samsung’s trembling, so-called Trade-in market stunt

January 29, 2016 | General Business News

Lahore, January 29, 2016 (PPI-OT): The leading global technology giant, Huawei, has directly responded to the Samsung’s trembling, so-called Trade-In market stunt, recently. Samsung Electronics Co. has already declared at the international and national market of Pakistan that 2016 would be a tough year for the company with respect to the smart phones. That fear, …

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Warid’s 4G LTE Coverage expands to 34 Cities Nation Wide

January 29, 2016 | General Business News

Karachi, January 29, 2016 (PPI-OT): After successful launch of 4G LTE services in 30 major cities, Warid today announced the availability of its 4G LTE network in Hafizabad, Jhelum, Mansehra and Hub to take the total toll of 4G LTE enabled cities to 34. With the launch of 4G LTE services in these cities, Warid …

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Pakistan Credit Rating Agency Limited revises stability rating of PIML Daily Reserve Fund

January 29, 2016 | General Business News

Lahore, January 29, 2016 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has revised the stability rating of PIML Daily Reserve Fund (PIML DRF), an open-end money market fund, to ‘AA(f)’ (Double A; fund rating) [Previous Rating: ‘AA+’ (Double A plus)]. The fund’s rating denotes a very strong capacity to manage relative stability in returns and …

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Transaction of 43,300 shares of EFU General Insurance Limited

January 29, 2016 | General

Karachi: EFU General Insurance Limited informed Karachi Stock Exchange about transaction of shares of the company. 43,300 shares @ Rs. 140.09 per share were purchased from the market on January 28, 2016 through CDC.

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Board meeting of Netsol Technologies Limited to be held on February 10, 2016

January 29, 2016 | Board Meetings

Karachi: Netsol Technologies Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on February 10, 2016 at Lahore. The agenda of the meeting is to consider Accounts for Quarter ended December 31, 2015.
Fur…

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Board meeting of Ghani Value Glass Limited to be held on February 04, 2016

January 29, 2016 | Board Meetings

Karachi: Ghani Value Glass Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on February 04, 2016 at Lahore. The agenda of the meeting is to consider accounts of the Company for Half Year ended December…

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Board meeting of Lakson Investments Limited to be held on February 06, 2016

January 29, 2016 | Board Meetings

Karachi: Lakson Investments Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on February 06, 2016 at Karachi. The agenda of the meeting is to consider condensed interim financial statements of the coll…

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Government has improved security and investment climate and image of Pakistan which is attracting investors from all over world: United Business Group

January 29, 2016 | General Business News

Karachi, January 29, 2016 (PPI-OT): The United Business Group (UBG) of FPCCI on Friday said government has improved security and investment climate and image of Pakistan which is attracting investors from all over the world. Government has successfully improved security situation, improved policies, triggered growth and provided incentives to investors which has improved confidence of …

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