General Business News : AsiaNet-Pakistan

Category: General Business News

PACRA Maintains Entity Ratings of Jauharabad Sugar Mills Limited

October 17, 2019 | General Business News

Lahore, October 17, 2019 (PPI-OT): The sugar industry of Pakistan has remained under pressure in recent times. A persistent supply glut negatively impacted players across the industry. Additionally, slowdown in international sugar prices rendered domestically manufactured sugar uncompetitive, making exports …

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PACRA Assigns Initial Entity Ratings to Chanar Sugar Mills Limited

October 17, 2019 | General Business News

Lahore, October 17, 2019 (PPI-OT): The sugar industry of Pakistan has remained under pressure in recent times. A persistent supply glut negatively impacted players across the industry. Additionally, slowdown in international sugar prices rendered domestically manufactured sugar uncompetitive, making exports …

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PACRA Maintains Entity Ratings of Nizami Feeds (Private) Limited

October 17, 2019 | General Business News

Lahore, October 17, 2019 (PPI-OT): The global feed industry can be valued at around ~$460bln, with poultry (~$166bln) constituting ~36% of the total industry. Pakistan produces ~8mln MT of feed annually with a total of ~150 registered feed mills, and …

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VIS withdraws Entity Ratings of International Complex Projects Limited

October 17, 2019 | General Business News

Lahore, October 17, 2019 (PPI-OT): VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘AA/A-1’ (Double A/A-One) assigned to International Complex Projects Limited with immediate effect on account of non-renewal of rating contract. Previous rating action was …

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ICCI asks CDA to receive property tax in accordance with IHC order

October 16, 2019 | General Business News

Islamabad, October 16, 2019 (PPI-OT):Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce and Industry (ICCI) has urged that CDA should receive bills of property tax on previous rates as directed by the Islamabad High Court. He said that Metropolitan Corporation …

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ICCI asks CDA to receive property tax in accordance with IHC order

October 16, 2019 | General Business News

Islamabad, October 16, 2019 (PPI-OT):Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce and Industry (ICCI) has urged that CDA should receive bills of property tax on previous rates as directed by the Islamabad High Court. He said that Metropolitan Corporation …

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Spokesman of FPCCI vehemently denied reports published in a section of print media on behalf of a district chamber “that some bogus trade bodies are registered as FPCCIs members”

October 16, 2019 | General Business News

Karachi, October 16, 2019 (PPI-OT): Spokesman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has vehemently denied the reports published in a section of print media on behalf of a district chamber “that some bogus trade bodies …

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Spokesman of FPCCI vehemently denied reports published in a section of print media on behalf of a district chamber “that some bogus trade bodies are registered as FPCCIs members”

October 16, 2019 | General Business News

Karachi, October 16, 2019 (PPI-OT): Spokesman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has vehemently denied the reports published in a section of print media on behalf of a district chamber “that some bogus trade bodies …

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Signify to acquire Cooper Lighting Solutions to strengthen its position in the attractive North American lighting market

October 16, 2019 | General Business News

Islamabad, October 16, 2019 (PPI-OT): Signify, (Euronext: LIGHT), the world leader in lighting, today announced that it has entered into a definitive agreement with Eaton to acquire Cooper Lighting Solutions for USD 1.4 billion (approx. EUR 1,270 million) in cash. …

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Signify to acquire Cooper Lighting Solutions to strengthen its position in the attractive North American lighting market

October 16, 2019 | General Business News

Islamabad, October 16, 2019 (PPI-OT): Signify, (Euronext: LIGHT), the world leader in lighting, today announced that it has entered into a definitive agreement with Eaton to acquire Cooper Lighting Solutions for USD 1.4 billion (approx. EUR 1,270 million) in cash. …

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Sindh Government asked industrialists to help in cleaning the city

October 16, 2019 | General Business News

Karachi, October 16, 2019 (PPI-OT): Mr. Roshan Shaikh, Secretary Local Government Sindh visited SITE Association of Industry to promote the special initiative of Chief Minister Sindh Syed Murad Ali `Say No to Open Littering’. He informed that CM has ordered …

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No layoffs despite slowdown: Indus Motor Company

October 16, 2019 | General Business News

Karachi, October 16, 2019 (PPI-OT): Indus Motor Company (IMC) has announced that there will be no layoff of employees despite slowdown in production. IMC has resumed production to 50% capacity from October 1 after a closure over the last 15 …

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