Business

Karachi, July 21, 2023 (PPI-OT): Ashreitech Inc., a global technology enabler, and Avanza Group, a digital transformation and automation specialist, announced their strategic partnership and the establishment of Avanza USA Inc., a new venture aimed at ...

The post Avanza Group and AshreiTech Inc. Join Forces to Launch Avanza USA Inc. for the North American Market appeared first on Pakistan Business News.

Islamabad, July 21, 2023 (PPI-OT): Telenor Pakistan today posted double-digit revenue growth of 10% as the topline hit Rs. 29.4 billion mark during the second quarter of 2023, up from Rs. 26.7 billion it had reported during the same period last year. T...

The post Telenor Pakistan releases Q2 results, posts 10% revenue growth appeared first on Pakistan Business News.

Islamabad, July 20, 2023 (PPI-OT): Brig. (Retd) Aslam Khan, Chairman of Pakistan Economy Watch (PEW) said on Thursday that the country is going bankrupt but the politicians are still busy in their game. Despite the clear instructions of the IMF, the ta...

The post IMF guidelines are being violated putting agreement in danger appeared first on Pakistan Business News.

Lahore, July 20, 2023 (PPI-OT): Al Habib Capital Markets (Pvt.) Limited (“AHCML” or “the Company”) is primarily engaged in the provision of equity brokerage while income from MTS and MFS also aids the topline. The presence of a separate internal audit ...

The post PACRA Maintains Broker Management Rating of AL Habib Capital Markets (Private) Limited appeared first on Pakistan Business News.

Lahore, July 20, 2023 (PPI-OT):The Bank of Punjab has built a franchise around its name, which itself is a reflection of strong parentage. The bank enjoys a respectable position in its peer universe, also reflected by its system share. The Bank grew it...

The post PACRA Assigns Preliminary Rating of the Bank of Punjab | Additional Tier 1 Capital TFC | PKR 5bln | TBI appeared first on Pakistan Business News.

Lahore, July 20, 2023 (PPI-OT): The lingering impact of Covid-19 along with the impact of the floods in Jul’22, the portfolio credit quality has been impacted severely and the financial risk profile of the Bank has weakened. The recoveries may take tim...

The post PACRA revises the Debt Instrument Rating of Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22 appeared first on Pakistan Business News.

Lahore, July 20, 2023 (PPI-OT): Ratings reflect Sindh Engro Coal Mining Company’s (SECMC/the Company) ownership structure comprising of the Government of Sindh and financially sound business groups of the Country. In addition to ownership, Ratings also...

The post PACRA maintains Entity Ratings of Sindh Engro Coal Mining Company appeared first on Pakistan Business News.