Karachi, November 24, 2020 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Shifa International Hospitals Limited (Shifa) at ‘AA-/A-1’ (Double A Minus /A-One). The medium to long-term rating of ‘AA-’ denotes high credit quality coupled with strong protection factors. Moreover, risk factors may vary slightly …
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Digital Custodian Company Limited Acquires MCB Financial Services Limited
Lahore, November 24, 2020 (PPI-OT): Renamed Digital Custodian Company (DCC) Limited starts operations as a licensed Trustee and Custodian company under the Non-Banking Finance Companies (NBFC) regime of Securities and Exchange Commission of Pakistan (SECP), after the acquisition of MCB Financial Services Company by a consortium of ISE RMC and …
Read More »Zong launches ‘Taleem Bundle’ for Allama Iqbal Open University to Support E-learning
Islamabad, November 24, 2020 (PPI-OT): To equip students with the fastest data connectivity for distant and e-learning programs, Zong has introduced a comprehensive data package called ‘Taleem Bundle’ for the students of Allama Iqbal Open University (AIOU). The signing ceremony took place at AIOU where Zong 4G’s Director Govt and …
Read More »Decision to restructure sick units lauded
Islamabad, November 24, 2020 (PPI-OT): The Pakistan Economy Watch (PEW) on Tuesday lauded to move of the Prime Minister Imran Khan to restructure state-run companies which are inflicting losses to the tune of trillions. In case of success, the government will save hundreds of billions of rupees being spent to …
Read More »Export quantum of marble and granite can be increased manifolds by establishing marble industrial parks in collaboration with China under CPEC: President PCJCCI
Lahore, November 24, 2020 (PPI-OT): Mr. SM Naveed, President Pak-China Joint Chamber of Commerce and Industry (PCJCCI) said that export quantum of marble and granite can be increased manifolds by establishing marble industrial parks in collaboration with China under CPEC to effectively utilize the valuable marble reserves of the country. …
Read More »ICCI calls for unbundling energy sector to promote competitive power market
Islamabad, November 24, 2020 (PPI-OT): Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce and Industry (ICCI) said that Pakistan’s power sector was marred with multiple issues including high electricity prices for industrial, commercial and domestic consumers, rising circular debt, capacity payment issues, inefficient performance of GENCOs and DISCOS, high …
Read More »BOP, FrieslandCampina Engro Join Hands for Dairy Financing Project to Support Farmers
Lahore, November 24, 2020 (PPI-OT): To address the challenges faced by the Dairy Sector in Pakistan, Bank of Punjab (BOP) and FrieslandCampina Engro Pakistan Limited have entered into a collaboration to deliver easily accessible financing to dairy farmers through Bank of Punjab branches all over the country. Under the project, …
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