General Business News : AsiaNet-Pakistan

Category: General Business News

PACRA Maintains Entity Ratings of Amreli Steels Limited

June 14, 2018 | General Business News

Lahore, June 14, 2018 (PPI-OT): The ratings reflect continuous improvement in Amreli Steels’ business profile supplemented by strong local demand fundamentals. Post imposition of anti-dumping duty, business margins strengthened during 9MFY18. Meanwhile, financial risk profile has depicted sustained improvement supplemented …

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PACRA Maintains Rating Watch on Entity Ratings of K-Electric Limited

June 14, 2018 | General Business News

Lahore, June 14, 2018 (PPI-OT): K-Electric Limited (KE) from time to time has obtained extension from SECP for holding AGM for 2017 on the basis that a reconsideration application had been filed with NEPRA by Ministry of Energy, GOP to …

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PACRA Maintains Entity Rating of Soneri Bank Limited

June 14, 2018 | General Business News

Lahore, June 14, 2018 (PPI-OT): The ratings reflect Soneri Bank’s sustained business profile; system share slightly improved YoY. The bank expanded its deposit base in line with the industry growth, while maintaining the contribution of low cost deposits. The bank …

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PACRA Maintains Rating of Soneri Bank Limited – TFC II – Jul-15

June 14, 2018 | General Business News

Lahore, June 14, 2018 (PPI-OT): The ratings reflect Soneri Bank’s sustained business profile; system share slightly improved YoY. The bank expanded its deposit base in line with the industry growth, while maintaining the contribution of low cost deposits. The bank …

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Pakistan’s Anam Amin enters to top five in T20 rankings

June 14, 2018 | General Business News

According to International Cricket Council Women’s T20 Rankings for bowlers Pakistan’s Anam Amin entered into the top five.

The left-arm spinner, Amin rose a remarkable 13 places to be fifth. The rankings came after her performance in the Women’s T20 …

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Securities and Exchange Commission of Pakistan notifies regulations for non-profit associations

June 13, 2018 | General Business News

Islamabad, June 13, 2018 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has notified the Associations with Charitable and Not for Profit Objects Regulations, 2018. The regulations specify procedure for grant of license to associations with charitable and not …

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United Business Group Leaders welcomed Naveed Jan Baloch Appointment as Balochistan Minister

June 13, 2018 | General Business News

Karachi, June 13, 2018 (PPI-OT): Leaders of United Business Group (UBG) has welcomed the inclusion of former Vice president of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Naveed Jan Baloch (Naveed Kalmati) in caretaker Balochistan cabinet as Minister.…

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Union of Small and Medium Enterprises urges Prime Minister to extend amnesty deadline and adopt friendly attitude

June 13, 2018 | General Business News

Karachi, June 13, 2018 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) has urged the caretaker Prime Minister (PM) Justice (R) Nasir ul Mulk to extend the last date of filing amnesty upto 31st July 2018 to facilitate the …

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Samsung launches World’s First Wind-FreeTM Air Conditioner in Pakistan

June 13, 2018 | General Business News

Lahore, June 13, 2018 (PPI-OT): Samsung Pakistan, one of the country’s leading consumer electronics brand, today announced the launch of the world’s first Wind-FreeTM Air Conditioner. By utilizing Samsung’s exclusive Wind-FreeTM cooling technology in its innovative design, the new line …

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Here’s NEX: Vivo’s New Flagship Series Sets New Industry Benchmarks

June 13, 2018 | General Business News

Karachi, June 13, 2018 (PPI-OT): Vivo has revealed its NEX flagship series at a launch event in China last night. NEX brings multipleindustry-first technologies and offers the notch-free Ultra FullView™ Display. It fulfills the bezel-less dream and features an industry-leading …

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PACRA Maintains Entity Ratings of TPL Trakker Limited

June 13, 2018 | General Business News

Lahore, June 13, 2018 (PPI-OT): The ratings incorporate TPL’s leadership position in the tracking industry, emanating from its diverse product portfolio and superior technology infrastructure. STE is exposed to border closure risk, never the less the company is expanding its …

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Continued devaluation a recipe for disaster

June 13, 2018 | General Business News

Islamabad, June 13, 2018 (PPI-OT): Islamabad Chamber of Small Traders on Wednesday said rupee has been eroded by thirteen percent during the last six months pushing tens of millions of people below the poverty line. However, targets like a substantial …

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