General Business News : AsiaNet-Pakistan

Category: General Business News

PACRA Assigns Initial Rating to JS Bank Limited

February 20, 2019 | General Business News

Lahore, February 20, 2019 (PPI-OT): The ratings reflect improving relative position of JS Bank in the country’s competitive banking landscape. This stems from enhanced system share in deposit and advances. The bank was able to maintain its customer deposit base …

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Habib Bank Limited’s profit increases by 41% in 2018

February 20, 2019 | General Business News

Karachi, February 20, 2019 (PPI-OT): HBL has declared a consolidated profit after tax of Rs 12.4 billion for the year ended December 31, 2018, a growth of 41% over 2017 with earnings per share at Rs 8.22 compared to Rs …

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PACRA Assigns Debt Instrument Ratings to Pak Elektron Limited

February 20, 2019 | General Business News

Lahore, February 20, 2019 (PPI-OT): Industry headwinds, intensified by weakening domestic currency, widening fiscal imbalance, rising inflation and dwindling foreign exchange reserves have negatively impacted industry players. Pakistan’s household appliances sector is largely dependent on global raw material prices, making …

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PACRA Assigns Initial Entity Ratings to Awan Trading Company (Private) Limited

February 20, 2019 | General Business News

Lahore, February 20, 2019 (PPI-OT): The ratings reflect adequate profile of Awan Trading Company characterized by sizeable market share in imported coal, especially retail market. Over the last few years, the company has improved its business and financial profile. The …

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VIS Credit Rating Company Assigns Initial Ratings of Faran Sugar Mills Limited

February 20, 2019 | General Business News

Karachi, February 20, 2019 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned the initial entity ratings to Faran Sugar Mills Limited (FSML) at ‘A-/A-2’ (A minus/A – Two). The long term rating signifies good credit quality with adequate protection …

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K-Electric’s Customer-centric Initiatives for Industries Highlighted

February 20, 2019 | General Business News

Karachi, February 20, 2019 (PPI-OT): K-Electric’s customer-centric initiatives for industries were highlighted during the Sindh Doing Business Reforms Exhibition II organized by the Sindh Investment Department in conjunction with the World Bank at a local hotel today.

Aimed at facilitating …

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PTCL pledges support to startups incubated at National Incubation Center Karachi

February 19, 2019 | General Business News

Islamabad, February 19, 2019 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL) pledges to support top startups being incubated at National Incubation Center (NIC) Karachi. A delegation of PTCL’s higher management visited NIC Karachi located at the NED University.

The session was …

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KE with LEAs raid Irum Shopping Mall to remove kunda-network

February 19, 2019 | General Business News

Karachi, February 19, 2019 (PPI-OT): K-Electric (KE) and Law-Enforcement agencies (LEAs) raided Irum Shopping Mall in North Nazimabad to remove network of illegal electricity “kundas” being used to steal electricity. KE teams were seen pulling down the kunda wires from …

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Erdogan to visit Pakistan next month; big investment announcements likely

February 19, 2019 | General Business News

Karachi, February 19, 2019 (PPI-OT): Turk Consul General in Pakistan Tolga Ucak has said that President of Turkey Recep Tayyip Erdogan will visit Pakistan next month, and he would make big investment related announcement during the visit. Ucak said that …

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AkzoNobel Pakistan partners with Nihon Parkerizing

February 19, 2019 | General Business News

Lahore, February 19, 2019 (PPI-OT): Whether it’s got two, three, four wheels or wings, AkzoNobel Pakistan supplies manufacturers and operators with advanced coating system that play a crucial role in the transportation sector. AkzoNobel Pakistan’s Specialty Coatings’ products deliver tailor-made …

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Easypaisa to Facilitate Central Depository Company’s Account Holders

February 19, 2019 | General Business News

Islamabad, February 19, 2019 (PPI-OT): Telenor Microfinance Bank (TMB) and the Central Depository Company of Pakistan Limited (CDC) have signed a Memorandum of Understanding (MoU) at CDC House Karachi. A salient feature of the MOU will be the Easypaisa platform …

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Careem Rewards Officially Launched for Everyone

February 19, 2019 | General Business News

Karachi, February 19, 2019 (PPI-OT): Careem has launched the biggest rewards programme, by the number of users in Pakistan: Careem Rewards. From today, Careem Rewards is active on all Pakistani Careem users’ apps giving points on all rides paid by …

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