General Business News : AsiaNet-Pakistan

Category: General Business News

PACRA Maintains Asset Manager Rating of AKD Investment Management Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The rating incorporates the company’s corporate governance structure, experienced management team, structured investment management process. The rating reflects the company’s capacity to manage the risks inherent in asset management. However, the rating is constrained by …

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PACRA Maintains Entity Ratings of Interwood Mobel (Private) Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The ratings reflect Interwood’s strong brand name and established presence in the furniture industry of Pakistan. Over the years, the Company has mitigated risks associated with contractual jobs by focusing on the retail market. It …

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PACRA Maintains Entity Ratings to Shujabad Agro Industries (Private) Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): Pakistan is a leading consumer of edible oils and the industry is heavily reliant on imports. Additionally, low domestic oil seed production caused by a distortion in support price mechanism for wheat and sugar cane …

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PACRA Maintains Entity Ratings of Ibrahim Fibres Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The ratings reflect Ibrahim Fibres’ leading position in the local polyester staple fibre (PSF) industry and very strong financial profile accentuated by low leveraging and strong coverages. Imposition of anti-dumping duty on PSF imported from …

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Ufone Concludes Its Week-long Azaadi Celebration

August 9, 2019 | General Business News

Islamabad, August 09, 2019 (PPI-OT): Ufone concluded its week-long Azaadi celebration on account of Pakistan’s 72 years of independence. The entire organization participated with immense passion and reflected their love for Pakistan. Activities for Azaadi Week carried on for the …

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Jazz World Crosses Two Million Active Users

August 9, 2019 | General Business News

Islamabad, August 09, 2019 (PPI-OT): Jazz is proud to announce that its digital platform, Jazz World, has crossed more than two million monthly active users (MAUs). Jazz World, an online customer engagement platform, has achieved this milestone within eight months …

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VIS Suspends Entity Ratings of Tahir Omer Industries Limited

August 9, 2019 | General Business News

Karachi, August 09, 2019 (PPI-OT): VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘A-/A-2’ (Single A-Minus/A-Two) assigned to Tahir Omer Industries Limited (TOIL) with immediate effect due to non-availability of current information for ratings analysis. The …

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Jazz Celebrates 25 Years in the Pakistani Industry

August 8, 2019 | General Business News

Islamabad, August 08, 2019 (PPI-OT): Jazz, Pakistan’s leading digital communications company, is celebrating 25 years of connecting and empowering Pakistanis beyond just phone calls and messages. From being one of Pakistan’s earliest startups, Jazz now empowers 1 in 3 Pakistanis …

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Zong 4G Launches Data Roaming Bundle With WhatsApp Access for Saudi Arabia

August 8, 2019 | General Business News

Islamabad, August 08, 2019 (PPI-OT): Zong 4G has extended its services to KSA to facilitate its users by introducing an affordable prepaid data roaming package while they perform Hajj and Umrah. Zong 4G is providing 4G roaming and international voice …

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RCCI condemns use of cluster bomb along LOC and demands UN intervention

August 8, 2019 | General Business News

Rawalpindi, August 08, 2019 (PPI-OT): The Rawalpindi Chamber of Commerce and Industry (RCCI) has strongly condemned use of cluster bombs along LOC and violation of human rights in Indian occupied Kashmir (IoK) and appealed to the United Nations, OIC and …

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Fuad Hashim Rabbani assumes charge as acting CEO SMEDA

August 8, 2019 | General Business News

Lahore, August 08, 2019 (PPI-OT): In pursuance of the Government of Pakistan, Ministry of Industries and Production’s latest notification Mr. Fuad Hashim Rabbani, a senior officer of BS-20 from Pakistan Administrative Services (PAS) has assumed the charge of the Acting …

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ICCI supports govt decisions to downgrade diplomatic relations and suspend bilateral trade with India due to its illegal actions at Occupied Kashmir

August 8, 2019 | General Business News

Islamabad, August 08, 2019 (PPI-OT): Ahmed Hassan Moughal President, Rafat Farid Senior Vice President and Iftikhar Anwar Sethi Vice President, Islamabad Chamber of Commerce and Industry said that business community fully supported the decisions of National Security Council to downgrade …

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