General Business News : AsiaNet-Pakistan

Category: General Business News

Standard Chartered Pakistan, first Commercial Bank to obtain license to act as Securities Advisers for distribution of Units

May 18, 2018 |

Karachi, May 17, 2018 (PPI-OT): Standard Chartered Bank (Pakistan) Limited (SCBPL) is the first Commercial Bank to obtain License to act as Securities Advisers for distribution of the units of Collective Investment Schemes and / or Voluntary Pension Funds by …

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State Bank of Pakistan renews the Status of JCR-VIS and PACRA as Eligible External Credit AssessmentInstitutions

May 18, 2018 |

Karachi, May 17, 2018 (PPI-OT): State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “JCR-VIS Credit Rating Company Limited (JCR-VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible/ recognized External …

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Muffasar Malik concerned over soaring prices on arrival of Ramazan

May 18, 2018 |

Lahore, May 16, 2018 (PPI-OT): President of the Karachi Chamber of Commerce and Industry (KCCI), Muffasar Atta Malik, while expressing deep concern over soaring prices of many household commodities on arrival of Ramazan ul Mubarak, urged the Sindh government and …

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Pak-Qatar Takaful Group conferred FPCCI Brands of the Year 2018

May 18, 2018 |

Karachi, May 16, 2018 (PPI-OT): Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited was bestowed the Best Brand of the Year 2018 award by FPCCI apex body. Pakistan’s Federal Minister of Finance was …

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SBP approves local lending to telecom tower-sharing services company

May 18, 2018 |

Karachi, May 16, 2018 (PPI-OT): edotco Pakistan Private Limited (edotco PK) has successfully obtained approval from the State Bank of Pakistan (SBP), allowing local lenders to fund the acquisition by edotco PK of Jazz’s portfolio of 13,000 tower assets currently …

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CPEC Seminar at the British Parliament Experts term CPEC a Project of Unprecedented Economic Scale and Scope

May 18, 2018 |

Islamabad, May 16, 2018 (PPI-OT): The experts have said that China Pakistan Economic Corridor (CPEC) is an economic initiative of unprecedented scale and scope. They were speaking at a seminar organized by All Party Parliamentary Group (APPG) on Third World …

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All Pakistan Business Forum expresses concerns over soaring trade deficit

May 18, 2018 |

Lahore, May 18, 2018 (PPI-OT): The All Pakistan Business Forum (APBF) has expressed its concerns over the alarming rise in the trade deficit of the country, which has widened by 14 percent to $30.245 billion during the first 10 months …

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Senior Vice President FPCCI strongly condemns baseless propaganda by Mian Nasser Hayatt Magoo

May 18, 2018 | General Business News

Karachi, May 18, 2018 (PPI-OT): Syed Mazhar Ali Nasir, Senior Vice President FPCCI has strongly condemned the baseless propaganda by Mian Nasser Hayatt Magoo casting doubts about the legality of his present position in the Federation. Syed Mazhar Ali Nasir …

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Pakistan Credit Rating Agency Limited Maintains Entity Ratings of GuarantCo Limited

May 18, 2018 | General Business News

Lahore, May 18, 2018 (PPI-OT): GuarantCo Limited, an international Joint Venture development financial institution, is the local currency guarantee arm of the Private Infrastructure Development Group (PIDG). It is directly and indirectly owned by five highly rated sovereigns. Continuous sponsors …

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Pakistan Industrial and Traders Associations Front welcomes decision to disburse Rs.100 billion refunds

May 18, 2018 | General Business News

Lahore, May 18, 2018 (PPI-OT): Pakistan Industrial and Traders Associations Front (PIAF) has appreciated the decision of the government to disburse up to Rs100 billion towards outstanding refunds belonging to exporting industry. It is to be noted that Federal Minister …

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Pakistan Stock Exchange Limited Market Position on 17-05-2018

May 17, 2018 | General Business News

Karachi, May 17, 2018 (PPI-OT): F

DAILY STOCK MARKET REPORT
Market Position Printed On May-17-2018
COMPANIES             KSE            KSE-30        KSE-100       KSE-ALLSHR    KMI-30        BATi         OGTi         PSX-KMI
POSITION INDICES      INDEX          INDEX         INDEX         INDEX         INDEX         INDEX        INDEX        INDEX
Plus             72   Current        20452.86      41869.65      30531.10      

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IGI Securities Limited – Commodity News

May 17, 2018 | General Business News

Karachi, May 17, 2018 (PPI-OT): Gold

Technical

Gold sold off yesterday, as it continue to see a strengthening US dollar. It is below the $1300 level, which has been important more than once in the past. Because of this, Economists …

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