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Karachi, October 05, 2020 (PPI-OT): Indus Motor Company (IMC) has been honoured once again as the Most Outstanding Company in Pakistan in the category of Automobile and Components during the year 2020 for the third successive year by Asiamoney, a leading business publication. Asiamoney, a specialized business publication with the …
Read More »Daily Archives: October 5, 2020
Shariq Vohra responds to anti-state audio clip, dissociates KCCI from false claims
Karachi, October 05, 2020 (PPI-OT): President Karachi Chamber of Commerce and Industry (KCCI) M. Shariq Vohra Monday expressed deep concerns over an audio clip circulating in the social media in which an attempt has been made by a particular individual with an only intention to sabotage the reputation of business …
Read More »Emirates expands its network in Europe to 31 destinations with restart of flights to Budapest, Bologna, Lyon, Dusseldorf and Hamburg
Karachi, October 05, 2020 (PPI-OT): Emirates has announced it will resume flights to Budapest (from 21 October), Bologna (1st November), Dusseldorf (1st November), Hamburg (1st November) and Lyon (4th November), expanding its European network to 31 destinations, and offering customers around the world convenient connections via Dubai. The addition of …
Read More »UK financing the Production of Breathing Devices in Pakistan through Karandaaz partnership with Meezan Bank
Karachi, October 05, 2020 (PPI-OT): United Kingdom through Karandaaz’s Risk Participation Facility with Meezan Bank, Pakistan’s first and largest Islamic bank is financing the development and production of a High Flow Nasal Oxygen (HFNO) device, which can also be used as a Continuous Positive Airway Pressure (CPAP) device, by Alsons …
Read More »Government must ensure availability of natural gas
Lahore, October 05, 2020 (PPI-OT): Gas is crucial for the major export industries to function and produce, therefore the government must ensure the availability of gas in this coming winter primarily for the pulp and paper, metals, chemicals, petroleum refining, stone, clay and glass, plastic, and food processing industries etc. …
Read More »PACRA Maintains Entity Ratings of Macpac Films Limited
Lahore, October 05, 2020 (PPI-OT): Macpac operates within the Biaxially Oriented Polypropylene (BOPP) and Cast Polypropylene (CPP) segments of the industry. Both are petrochemical of which price is linked to oil and gas prices, which causes volatility. Its raw material polypropylene (PP) is not manufactured in Pakistan and its demand …
Read More »VIS Reaffirms Fund Stability Rating of Faysal Islamic Savings Growth Fund
Karachi, October 05, 2020 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed the Fund Stability Rating (FSR) of Faysal Islamic Savings Growth Fund (FISGF) at ‘A+(f)’ (Single A Plus (f)). Previous rating action was announced on May 13, 2019. The rating incorporates policy guidelines and actual investment allocation portfolio. …
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