Business

Karachi, May 11, 2023 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has reaffirmed the entity ratings of Interloop Limited (ILP) at ‘A+/A-1’ (Single A plus/Single A-One). Outlook on the assigned ratings is ‘Stable’. Long-term rating of ‘A+’ signifies ...

Karachi, May 11, 2023 (PPI-OT): Living up to its core values of caring and giving, Pakistan State Oil (PSO) launched a nationwide ration distribution drive to support underserved communities. Staying true to its commitment to Corporate Social Responsib...

Lahore, May 11, 2023 (PPI-OT): There is a dire need to revive the tourism sector of Pakistan which has faced a serious setback due to catastrophic floods last year, stated by Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce and Indust...

Karachi, May 10, 2023 (PPI-OT): IMF: Stepping out of the realm of logicThe IMF’s latest demand is for further interest rate hikes in the country, with some media sources reporting an increase to as much as 25%. The SBP stated that real interest rates, ...

The Federal Board of Revenue (FBR) has imposed restrictions on the importers of the Special Technology Zones (STZs) on the import of goods to be used within the said zones.The FBR issued S.R.O. 536(I)/2023 for introducing draft amendments in the Custo...

Oil marketing companies (OMCs) are struggling to maintain supplies in Lahore and other Pakistani cities due to the law and order situation.Petroleum dealers have warned that more than 50% of filling stations could run dry, raising concerns among citiz...

Lahore, May 10, 2023 (PPI-OT): Ambassador of Pakistan to Ghana Farhat Ayesha hosted a dinner in honour of the Pakistani trade delegation visiting Ghana.The delegation is visiting the African country under the leadership of Umar Shahid Butt, Vice Consul...