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Lahore, December 28, 2020 (PPI-OT): Bookme.pk, one of Pakistan’s most widely used platforms for booking tickets online, has partnered with Telenor Pakistan, one of the country’s leading telecom operators. Through this partnership, over 46 million users of Telenor Pakistan will be able to recharge their mobile balance and buy packages …
Read More »Daily Archives: December 28, 2020
Pointless promotion of sugar industry hitting economy hard
Islamabad, December 28, 2020 (PPI-OT): Former President ICCI Shahid Rasheed Butt on Friday said unnecessary promotion of the sugarcane crop and patronage of the influential sugar industry is damaging the economy. The policy of preferring sugarcane to cotton crop should be reversed immediately while cotton belt should be shielded from …
Read More »PACRA Maintains Entity Ratings of Reliance Weaving Mills Limited
Lahore, December 28, 2020 (PPI-OT): The ratings reflect moderate business risk profile of Reliance Weaving Mills Limited (“Reliance Weaving” or “the Company”) emanating from volumetric growth in exports and better pricing. Over the years, the Company has undertaken continuous BMR translating into operational efficiencies and higher production volumes. The Company …
Read More »ICCI and RDA sign MoU for the establishment of Industrial Estate
Islamabad, December 28, 2020 (PPI-OT): The Islamabad Chamber of Commerce and Industry (ICCI) and the Rawalpindi Development Authority (RDA) have signed a Memorandum of Understanding (MoU) to establish a framework of cooperation between the two organizations to carry out joint efforts for the establishment of an industrial estate alongside the …
Read More »Hike in construction material price must be noticed: Mian Zahid Hussain
Islamabad, December 28, 2020 (PPI-OT): Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the current account situation is continuously improving since five months which is a very encouraging sign. The …
Read More »PACRA Maintains Entity Ratings of HUM Network Limited, Assigns ‘Rating Watch’ and ‘Developing’ Outlook
Lahore, December 28, 2020 (PPI-OT): The ratings incorporate HUM Network’s ability to uphold its relative market position in the domestic media industry. With an appreciable presence of HUM TV – the company’s flagship channel in entertainment segment, HUM Network has expanded into multiple TV ventures on a timeline basis including …
Read More »PACRA Maintains Asset Manager Rating of 786 Investments Limited
Lahore, December 28, 2020 (PPI-OT): The rating reflects the Company’s (“786IL”or the “Company”) modest positioning in the competitive asset management industry. The Company is focusing on managing only one fund i.e. 786 Smart Fund. Since Dec’19, the assets under management of the Company increased by ~9%, to PKR ~603mln at …
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