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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...