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 four destinations in Pakistan as part of its international route expansion program. Emphasizing on the …
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 improve business efficiencies, streamline inventory management and provide an enhanced shopping experience to its customers. …
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 billion. While addressing a meeting at SMEDA Head Office today, he informed that the program …
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 substantially while its efficiency has increased therefore this sector should be promoted. Renewable energy is …
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 had imposed petroleum levy on locally produced LPG. However, meanwhile, the government also imposed regulatory …
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 of worker’s remittances amounted to US $1723.57 million, which is 9.31% higher than November 2017 …
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 the Italian Consul, the Chairperson SBI said that Pakistan valued its relations with the Italy …
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 without the need of high investment on establishing and maintaining the underlining IT Infrastructure and …
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 in the region and the turmoil in oil prices, Etimaad decided to divest its shares …
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 company in a large fragmented industry. The company operates on adequate business margins in order …
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 technology in its key revenue generating products. This resulted in higher sales volumes. The performance …
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 has also won this award in 2015. It is also important mentioning that in 2016, …
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