Karachi, October 31, 2016 (PPI-OT):Following the disclosure made on 30 June 2016, Arcelik A.S., one of the leading global home technologies manufacturers, has disclosed that all closing conditions had been satisfied regarding the acquisition of production and sales companies operating in Pakistan under Dawlance brand. Following the payment of the share purchase price by Arcelik’s ...

Karachi, October 31, 2016 (PPI-OT):President of the Karachi Chamber of Commerce and Industry (KCCI) Shamim Ahmed Firpo, while expressing deep concern over seizure of huge number of containers laden with import and export consignments in Punjab and Khyber Pakhtunkhwa provinces, urged the government to immediately release all these containers in order to save the business ...

Islamabad, October 31, 2016 (PPI-OT):PTCL becomes the first Telecommunication operator in Pakistan to sign a partnership agreement with Netflix, the global internet television network for the Pakistan market. After this agreement, PTCL and Netflix will use their respective resources for mutual benefit, utilizing and maximizing the viewing experience and penetration of Netflix services in Pakistan. ...

Karachi, October 31, 2016 (PPI-OT):The SBP today issued the Annual Performance Review on the working of the Bank and its subsidiaries along with the audited financial statements for the year ended June 30, 2016. The ‘Annual Performance Review’ and ‘Financial Statements’ were approved by the SBP Board in its meeting held on 29th October 2016. ...

Karachi, October 31, 2016 (PPI-OT):State Bank of Pakistan sanctioned the scheme of amalgamation of Burj Bank Limited with and into Al Baraka Bank (Pakistan) Limited under Section 48 of the Banking Companies Ordinance, 1962. The scheme of amalgamation would become effective from close of business today i.e. October 31, 2016. Accordingly, all the branches of ...

Islamabad, October 31, 2016 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) has proposed necessary amendments to the Companies (Registration Offices) Regulations, 2003. The draft notification has been published in the official gazette to obtain comments within 14 days from the date of its issue. The said notification has also been placed on the SECP’s ...

Islamabad, October 31, 2016 (PPI-OT):The Minister for Commerce, Engineer Khurram Dastagir Khan has said that safeguarding national economic interests of Pakistan will be the supreme priority while negotiating 23-country Trade in Service Agreement (TiSA). He said this while chairing an inter-ministerial TiSA Council meeting on Monday which was attended by the representatives of all the ...