2018 January 10

Archive for January 10th, 2018

SaudiGulf Airlines Announces New Nonstop services connecting Pakistan with Saudi Arabia

January 10, 2018 |

Islamabad, January 10, 2018 (PPI-OT):SaudiGulf Airlines – The new full-service national carrier of Saudi Arabia owned by Abdulhadi Al Qahtani and Sons Holding Company (Tareq Al Qahtani and Brothers) – is pleased to announce the start of its operations to …

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Goto.com.pk launches on Oracle Cloud to provide seamless online shopping experience

January 10, 2018 |

Karachi, January 10, 2018 (PPI-OT):Pakistan’s emerging online marketplace Goto.com.pk aims to give a boost to its foothold in the online shopping industry and gain a competitive advantage by successfully deploying Oracle ERP Cloud and Oracle SCM Cloud solutions to help …

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SMEDA’s National Business Development Program to facilitate over 3.14 million SMEs in next 5 years: CEO SMEDA

January 10, 2018 | General Business News

Lahore, January 10, 2018 (PPI-OT):Mr. Sher Ayub Khan, Chief Executive Officer of the Small and Medium Enterprises Development Authority (SMEDA) has envisaged that National Business Development Program to be launched by this year would mobilize an investment worth Rs. 8 …

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Pakistan should leapfrog towards renewable energy: Mian Zahid Hussain

January 10, 2018 | General Business News

Islamabad, January 10, 2018 (PPI-OT):President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Wednesday said the cost of clean energy has come down …

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LPG importers threaten to suspend import of LPG from next month

January 10, 2018 | General Business News

Islamabad, January 10, 2018 (PPI-OT):The LPG shortage crisis is on the cards as importers of LPG on Tuesday threatened to suspend import of LPG from next month in case government does not withdraw regulatory duty and advance tax. The government …

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Overseas Pakistanis remit US $9.7 billion in the first six months of FY18

January 10, 2018 | General Business News

Karachi, January 10, 2018 (PPI-OT):Overseas Pakistani workers remitted US $9744.75 million in the first six months (July to December) of FY18, compared with US $9505.11 million received during the same period in the preceding year. During December 2017, the inflow …

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Italian Consul in Karachi calls on Chairperson Sindh Board of Investment

January 10, 2018 | General Business News

Karachi, January 10, 2018 (PPI-OT):Italian Consul in Karachi Ms. Anna Ruffino called on Chairperson Sindh Board of Investment, Ms. Naheed Memon here on Wednesday. They discussed the mutual interest, particularly mutual cooperation in the trade and business sectors. Talking to …

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RapidCompute and Contegris to Launch Contact Center Solution on Cloud

January 10, 2018 | General Business News

Karachi, January 10, 2018 (PPI-OT):Earlier this month, Contegris and RapidCompute signed an MOU to offer Hosted Contact Center services by offering the Intellicon™ Contact Center Suite on RapidCompute’s public cloud service. Intellicon™ cloud solution provides enterprise class contact center features …

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PACRA Maintains Entity Ratings of Etimaad Engineering (Private) Limited

January 10, 2018 | General Business News

Lahore, January 10, 2018 (PPI-OT):The ratings reflect Etimaad’s adequate business profile appended by slightly improved profits. Over the years, the sponsors established similar businesses mainly in Saudi Arabia (subsidiary) and Qatar (associate). Considering worsening market conditions due to geopolitical tensions …

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PACRA Assigns Initial Entity Ratings to Bilal Steel Mills (Private) Limited

January 10, 2018 | General Business News

Lahore, January 10, 2018 (PPI-OT):Bilal Steel is a distinct player in the steel industry. The company directly caters to the demand of corporate/ mega projects. It has multiple projects to its credit. The ratings reflect small market presence of the …

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PACRA Maintains Entity Ratings of Pak Elektron Limited; Assigns Preliminary Rating to Proposed Sukuk; PEL Issued Commercial Paper of PKR 1.2bln

January 10, 2018 | General Business News

Lahore, January 10, 2018 (PPI-OT):The ratings reflect PEL’s strong business profile in its respective markets – Appliances and Power – supplemented by its strong brand. The Company, while aiming to diversify its product base, has continued to focus on improving …

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State Bank’s efforts lauded globally

January 10, 2018 | General Business News

Karachi, January 10, 2018 (PPI-OT):State Bank of Pakistan has been voted as the Best Central Bank in Promoting Islamic Finance by a poll conducted by International Finance News (IFN), an arm of Red Money Agency, Malaysia. State Bank of Pakistan …

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