Karachi, November 14, 2016 (PPI-OT):Shaikh Khalid Tawab Sr. Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) hailed the arrival of first Chinese trade convoys carrying goods being exported to Middle East and African Countries through the Gwadar Port developed under the China Pakistan Economic Corridor (CPEC). He also appreciated the ...

Karachi, November 14, 2016 (PPI-OT):The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) while expressing satisfaction over initiatives of the government to empower women has asked the government to take additional steps to empower women. Government should fight hunger and poverty by empowering women who have limited opportunities to fly high, said Abdul Rauf ...

Islamabad, November 14, 2016 (PPI-OT):President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Monday said external debt burden has touched alarming proportions but it will not bankrupt country. External debt has touched mark of 73 billion dollars while ...

Islamabad, November 14, 2016 (PPI-OT):In an effort to support our dynamic business clients and to fulfil their unique requirements Faysal Bank Limited (FBL) introduces the Business First Current account with enhanced multiple benefits. Faysal Business First Current Account is specifically designed to cater to the financial needs of Businessmen in their day to day business ...

Lahore, November 14, 2016 (PPI-OT):The ratings take into account overall improvement in the risk profile of the company. Persistent growth enabled sizeable rise in market share in recent years (9M16: ~3%, CY12: 1.8%). Prudent underwriting practices along with a focus on diversified products and customers helped the company to demonstrate continued healthy underwriting performance. Revamped ...

Lahore, November 14, 2016 (PPI-OT):EIBL is experiencing deterioration in its business and financial profile. This has severely diminished its risk absorption capacity- also the bank has not been able to meet minimum equity requirement of PKR 750mln. The management has not been able to arrest declining trend in performance. The quantum of loss has gone ...

Islamabad, November 14, 2016 (PPI-OT):In its resolve to protect the interests of the modaraba certificate-holders, the SECP closely monitors the financial performance and affairs of modarabas. In this respect, necessary enforcement actions are taken to enhance the level of regulatory compliance by modarabas. Recently the SECP took enforcement actions against two non-compliant modarabas. It is ...