Financial system’s performance and resilience remained firm, says SBP Financial Stability Review 2022

Karachi, July 07, 2023 (PPI-OT): The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY22. The Review is being published in terms of requirements prescribed in Section 39(3) of the State...

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Sindh Bank selects PTCL to implement cutting edge SD-WAN Infrastructure

Islamabad, July 07, 2023 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL) and Sindh Bank have signed an agreement for deployment of SD-WAN at 200 branches of Sindh Bank. Zarrar Hasham Khan, Group Chief Business Solutions Officer, PTCL and Uf...

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VIS Reaffirms Entity Ratings of Soorty Enterprises (Private) Limited

Karachi, July 07, 2023 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has reaffirmed the entity ratings of Soorty Enterprises (Private) Limited (SEL) at ‘AA-/A-1’ (Double A Minus/A-One). Long-term rating of ‘AA-’ reflects high credit quality, strong pr...

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Sitara Peroxide Limited Halts Production Temporarily Due to Raw Material Shortage

Karachi, In a recent announcement, Sitara Peroxide Limited informed stakeholders that the company would temporarily cease its production activities with immediate effect. The decision was made by the management due to the non-availability of raw materi...

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Waves Corporation Limited Sets Seven Directors for Three-Year Term

Karachi, In a recent announcement, Waves Corporation Limited (WAVES) disclosed that its Board of Directors has established the number of directors to be elected for the next three years. The decision stipulates the election of seven directors, who will...

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