Islamabad, March 15, 2016 (PPI-OT): NIB Bank Limited (“NIB”) announced today that MCB Bank Limited (“MCB”) and Fullerton Financial Holdings Pte. Ltd (“FFH”), being the majority shareholder of NIB through its wholly-owned subsidiary Bugis Investments (Mauritius) Pte. Ltd., are in preliminary, non-binding discussions for a possible merger of NIB with and into MCB under the ...

Lahore, March 15, 2016 (PPI-OT): Huawei has finally decided that it is going to launch the most awaited medium range smart phone, Huawei GR3 in Pakistan Market soon. According to Huawei’s official statement the Huawei GR 3 will be launched in Pakistan market probably in the month of March, 2016. Huawei GR3, also known as ...

Karachi, March 15, 2016 (PPI-OT): Chief Executive Officer, Trade Development Authority of Pakistan S.M. Muneer inaugurated 3P- Pakistan 2016- The 12th International Plastic, Printing, Packaging and Food Equipment and Technology Exhibition organized by FAKT Exhibitions (Pvt.) Ltd. being held at Expo Centre Karachi from 15th to 17th March 2016. S.M. Muneer while addressing the media ...

Karachi, March 15, 2016 (PPI-OT): JCR-VIS Credit Rating Company Limited has withdrawn the preliminary rating of ‘A’ (Single A) assigned to the proposed debt instrument of Shaheen Air International Limited on account of management’s decision to shelve the planned issue. For more information, contact: Ms. Sobia Maqbool CFA JCR-VIS Credit Rating Company Limited VIS House, ...

Islamabad, March 15, 2016 (PPI-OT): The Competition Commission of Pakistan (CCP) while concluding an enquiry has issued a show cause notice to Proctor and Gamble Pakistan (Pvt.) Limited for indulging in alleged deceptive marketing practices in violation of Section 10 of the Competition Act, 2010. CCP received a complaint from Reckitt Benckiser (Pakistan) Limited alleging ...

Islamabad, March 15, 2016 (PPI-OT): Speaker National Assembly Sardar Ayaz Sadiq has said that Pakistan and Tajikistan have entered a new era of unparalleled cooperation. Referring to the robust historical relations between Pakistan and Tajikistan, he highlighted that Pakistan attaches paramount importance to its cultural and economic ties with Republic of Tajikistan. He was speaking ...

Islamabad, March 15, 2016 (PPI-OT):Finance Minister, Senator Mohammad Ishaq Dar chaired a meeting here on Tuesday to review the overall situation relating to foreign and domestic investment in the country. Chairman Board of Investment, Miftah Ismail, Chairman FBR, Secretary BOI and senior officials of Ministry of Finance participated in the meeting. The Chairman BoI, Miftah ...