General Business News

Category: General Business News

Wahyd Logistics integrates technology into Pakistan’s logistics sector

January 20, 2021 |

Lahore, January 20, 2021 (PPI-OT): Increasing technology innovations are making big waves across industries. Logistics and supply chain may be amongst the most impacted sectors. With a population exceeding 210 million, Pakistan is the 6th most populous nation in the world. The transport and logistics sector has a profound and enduring effect on the economic […]

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Bagallery presents the 1st Mega Sale of the Year: Flat 40% and above

January 20, 2021 |

Karachi, January 20, 2021 (PPI-OT): After clocking in an upwards of 250% growth in 2020, Bagallery is all set to continue the momentum in 2021. An event that comes once every 6 months, Bagallery is kicking off the year in January with their FLAT 40% and ABOVE sale starting 23rd January. More than 100+ brands […]

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Government gas decisions amid LNG crisis supported

January 20, 2021 |

Islamabad, January 20, 2021 (PPI-OT): The Pakistan Economy Watch (PEW) on Wednesday supported the decisions of the government to tackle gas shortages amid a global LNG crisis. Record hike in the price of super-chilled fuel due to biting winter and other issues has prompted many global suppliers to default on their commitments and Pakistan is […]

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Pakistan has potential of producing approximately 150,000MW power from wind energy sources: President PCJCCI

January 20, 2021 |

Lahore, January 20, 2021 (PPI-OT): Pakistan has the potential of producing approximately 150,000MW power from wind energy sources, stated by Mr. S.M Naveed, President PCJCCI during a think tank session held at the office yesterday. President PCJCCI said that the wind projects can fetch investment of around two billion dollars, he urged the government to […]

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FBR target should be revised downward by Rs400 billion: Mian Zahid Hussain

January 20, 2021 |

Karachi, January 20, 2021 (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 Wednesday said a slight reduction in government borrowing has been noticed. The government has borrowed Rs899 billion in the first five months of the […]

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Kosovo wants to enhance trade and economic relations with Pakistan

January 20, 2021 |

Islamabad, January 20, 2021 (PPI-OT): Kosovo wanted to enhance its trade and economic relations with Pakistan as both countries have good potential to do trade with each other in many areas. This was said by H.E. Ilir Dugolli, Non-Resident Ambassador-designate of the Republic of Kosovo to Pakistan while addressing the business community during his visit […]

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The eight day long 38th International Fair of Khartoum

January 20, 2021 |

Karachi, January 20, 2021 (PPI-OT): The eight day long 38th International Fair of Khartoum Sudan shall start from 21st January 2021 in Khartoum, Sudan. Trade Development Authority of Pakistan, in coordination with the Embassy of Pakistan in Sudan, has finalized necessary arrangements for participation in this event. Khartoum Fair is one of the largest Fair […]

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Webinar on “Challenges and Opportunities in the Time of COVID-19”

January 20, 2021 |

Karachi, January 20, 2021 (PPI-OT): Trade Development Authority of Pakistan (TDAP) conducted a webinar on “Challenges and Opportunities in the Time of COVID-19” on 19th January, 2021. Textile and Leather Division, TDAP Karachi welcomed the participants and speakers and thanked them for taking time out of their busy schedules. The primary aim of the webinar […]

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PACRA Maintains Entity Ratings of Hi-Tech Feeds (Private) Limited

January 20, 2021 |

Lahore, January 20, 2021 (PPI-OT): The global feed industry is valued at ~$460bln, with poultry (~$166bln) constituting ~36% of the total industry. Pakistan produces ~8mln MT of feed annually, with ~150 registered feed mills and ~200 unregistered feed mills catering to it. The industry generates an annual turnover of ~PKR 200bln to PKR 250bln from […]

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PACRA Maintains Entity Ratings of Islamabad Feeds (Private) Limited

January 20, 2021 |

Lahore, January 20, 2021 (PPI-OT): The global feed industry is valued at ~$460bln, with poultry (~$166bln) constituting ~36% of the total industry. Pakistan produces ~8mln MT of feed annually, with ~150 registered feed mills and ~200 unregistered feed mills catering to it. The industry generates an annual turnover of ~PKR 200bln to PKR 250bln from […]

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PACRA Maintains Stability Rating of NBP Islamic Income Fund

January 20, 2021 |

Lahore, January 20, 2021 (PPI-OT): The assigned rating reflects the fund’s moderate credit risk and interest rate risk profile emanating from its investment strategy to invest in adequate credit quality and longer duration investment avenues having sound liquidity. At end-Dec’20, majority of the fund’s assets were concentrated as cash placements and corporate Sukuk while remaining […]

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VIS Maintains Entity Ratings of Kohinoor Textile Mills Limited

January 20, 2021 |

Karachi, January 20, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has maintained entity ratings of ‘A+/A-1’ (Single A plus/ Single A-One) to Kohinoor Textile Mills Limited (KTML). Rating outlook has been revised from ‘Rating Watch Developing’ to ‘Stable’. The long term rating of ‘A+’ signifies good credit quality with adequate protection factors. Risk factors […]

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