Business

Lahore, June 23, 2023 (PPI-OT): The ratings reflect the relative position of JS Bank in the country's competitive banking landscape. This stems from largely intact customer deposit system share (end-Dec22: 2.0%, end-Dec21: 2.2%). The funding base compr...

The post PACRA Maintains the Entity Ratings of JS Bank Limited appeared first on Pakistan Business News.

Faisalabad, June 23, 2023 (PPI-OT): Faisalabad Electric Supply Company (FESCO) Board of Directors and Ministry of Power (Power Division) have approved the establishment of Toba Tek Singh Circle, Three Divisions and Eight Sub Divisions in FESCO region i...

The post FESCO Approves Establishment of Toba Tek Singh Circle and Expansion of Service Divisions to Better Serve Increasing Consumers appeared first on Pakistan Business News.

Islamabad, June 23, 2023 (PPI-OT): Brig. (retd) Aslam Khan, Chairman of Pakistan Economy Watch (PEW) said on Friday that a large number of dollars are being smuggled from the country to Afghanistan and Iran. Pakistan's economy is getting weak due to co...

The post Dollars being smuggled to Afghanistan and Iran appeared first on Pakistan Business News.

Karachi, June 23, 2023 (PPI-OT): Surely to Allah we belong and to Him we will return.Engro is deeply saddened to share the untimely demise of Mr. Shahzada Dawood, Vice Chairman, Engro Corporation, and his beloved son, Suleman Dawood.Mr. Dawood joined t...

The post Untimely Demise of Vice Chairman and Suleman Dawood appeared first on Pakistan Business News.

Lahore, June 23, 2023 (PPI-OT): Tapal, Ismail and Akhtar groups has set up a 30MW wind power plant - Act Wind (Pvt) Limited (“Act Wind” or “the Company”) in Jhimpir, under the Policy for Development of Renewable Energy for Power Generation, 2006 which ...

The post PACRA Maintains Entity Ratings of ACT Wind (Pvt.) Limited appeared first on Pakistan Business News.

Lahore, June 22, 2023 (PPI-OT): The ratings incorporate the strategic importance of K-Electric Limited, (“the Company” or “KE”) being a vertically integrated power utility, responsible for the generation, transmission, and distribution of electricity i...

The post PACRA Updates the Entity Ratings of K-Electric Limited – Rating Watch appeared first on Pakistan Business News.

Karachi, June 22, 2023 (PPI-OT): Al Baraka Bank (Pakistan) Limited celebrated the launch ceremony of “Digital On-boarding” held at the Head Office. Muhammad Atif Hanif (CEO) along with the Senior Management of the Bank attended the ceremony.The ADC tea...

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