2018 June 20 : AsiaNet-Pakistan

Archive for June 20th, 2018

Delta Air Lines Becomes Launch Operator of ATMOSPHÈRE Cabin with New Order for 20 Bombardier CRJ900

June 20, 2018 | Press Release

MONTRÉAL, June 20, 2018 (GLOBE NEWSWIRE) — Bombardier Commercial Aircraft announced today that Delta Air Lines, Inc. of Atlanta, Georgia (Delta Air Lines) has signed a firm purchase agreement for 20 CRJ900 aircraft – becoming the launch operator of the …

Read More

JCR-VIS Reaffirms Entity Ratings of Pak China Investment Company Limited

June 20, 2018 | General Business News

Karachi, June 20, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has re-affirmed the entity ratings of Pak China Investment Company Limited (PCICL) at ‘AAA/A-1+’ (Triple A/A-One Plus). Outlook on the assigned ratings is ‘Stable’. The previous rating action was …

Read More

CPEC to help the country become self-reliant

June 20, 2018 | General Business News

Islamabad, June 20, 2018 (PPI-OT): The Pakistan Economy Watch (PEW) on Wednesday said CPEC will make the bumpy road to country’s self-reliance smooth. The journey will begin from self-reliance in the field of energy which will soon include many other …

Read More

Dollar appreciation biggest threat to the economy

June 20, 2018 | General Business News

Karachi, June 20, 2018 (PPI-OT): Chairman Coordination of FPCCI Malik Sohail on Wednesday said continuous erosion in the exchange rate has emerged as the biggest threat to the economy. Increasing value of the dollar is sinking the masses in the …

Read More

Pakistan Tehreek-e-Insaf acknowledges SMEs as backbone of economy

June 20, 2018 | General Business News

Karachi, June 20, 2018 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) appreciated the statement of chairman Pakistan Tehreek e Insaf (PTI) Imran Khan that the small to medium sized (SME) sector is the backbone of the economy on …

Read More

President KCCI advises govt. to extend last date by at least one to two more months

June 20, 2018 | General Business News

Karachi, June 20, 2018 (PPI-OT): President Karachi Chamber of Commerce and Industry (KCCI) Muffasar Atta Malik has advised the Federal Government to extend last date for Amnesty Scheme 2018 by at least one to two more months so that maximum …

Read More

United Business Group Leaders welcomed 4 other businessmen Appointment as ministers in the caretaker setup

June 20, 2018 | General Business News

Karachi, June 20, 2018 (PPI-OT): Members of United Business Group (UBG) on welcomed the induction of Four other businessmen as ministers in the caretaker setup terming it a positive move. Those who have become ministers include Mr. Fazal Elahi(KPK) Former …

Read More

PACRA Maintains Stability Rating of Faysal MTS Fund (FMTSF)

June 20, 2018 | General Business News

Lahore, June 20, 2018 (PPI-OT): The objective of Faysal MTS Fund is to provide competitive returns primarily through investment in the MTS market. The fund’s mandate is to predominantly invest in Margin Trading System (MTS). MTS is a leveraged product …

Read More

SECP notifies AML and CFT Regulations, 2018

June 20, 2018 | General Business News

Islamabad, June 20, 2018 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) notified Anti Money Laundering and Countering Financing of Terrorism Regulations, 2018. The Regulations are fully compliant with Financial Action Task Force (FATF) Recommendations, which are mandatory to …

Read More

PACRA Maintains Stability Rating of Faysal Financial Sector Opportunity Fund

June 20, 2018 | General Business News

Lahore, June 20, 2018 (PPI-OT): The fund’s investment objective is to generate a competitive rate of return to its investors by investing in money market and debt instruments with major exposure in the financial sector. The rating reflects sound credit …

Read More

PACRA Maintains Stability Rating of Faysal Money Market Fund

June 20, 2018 | General Business News

Lahore, June 20, 2018 (PPI-OT): The objective of the fund is to generate consistent and competitive returns with minimal risk by investing in liquid, low risk short-term investments, yielding competitive returns. The rating reflects the fund’s sound credit risk profile …

Read More

PACRA Maintains Stability Rating of Faysal Savings Growth Fund

June 20, 2018 | General Business News

Lahore, June 20, 2018 (PPI-OT): The investment objective of the fund is to earn competitive returns by investing mainly in a mix of short-term to long-term government securities and other debt instruments, having an investment grade credit rating.

The rating …

Read More