President Asks Bank to Refund Lost Amount, apologize to Fraud Victim

Islamabad, July 12, 2023 (PPI-OT): President Dr Arif Alvi has rejected a representation filed by Bank Alfalah Ltd (BAFL) against the decision of Banking Mohtasib directing it to send an apology to a customer for enabling online transaction/payment syst...

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Musadik strongly denounce Israel’s comments on Pakistan

Islamabad, July 12, 2023 (PPI-OT): Minister of State for Petroleum, Dr. Musadik Malik has strongly denounced Israel's comments on Pakistan particularly on human rights situation at the time when Israel itself has a history of massive human rights viola...

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Modaraba Al Mali Acquires Shares of LSE Ventures Limited in Recent Transactions

Karachi, Modaraba Al Mali, a financial institution operating under Islamic principles, has completed the purchase of shares in LSE Ventures Limited. The transactions took place on July 10 and July 11, 2023, and involved the acquisition of 55,500 and 15...

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The Searle Company Limited Collaborates with Mabwell Pharmaceuticals to Manufacture and Market Denosumab Biosimilars in Pakistan

Karachi, The Searle Company Limited, a leading pharmaceutical company in Pakistan, has recently entered into a License Agreement with Mabwell Pharmaceuticals, China. Under this agreement, The Searle Company Limited will undertake the manufacturing, reg...

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East West Insurance Company Limited Reports Share Transactions by Executives Naved Yunus and Pervez Yunus

Karachi, East West Insurance Company Limited, a well-established insurance company, has released information regarding recent share transactions conducted by executives within the organization. The details of these transactions are as follows:1. Naved ...

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Ibrahim Fibres Limited Announces Purchase of Shares by Ibrahim Holdings (Pvt.) Limited

Karachi, Ibrahim Fibres Limited has announced a significant transaction involving the purchase of shares by Ibrahim Holdings (Pvt.) Limited, a substantial shareholder of the company. The details of the transaction are as follows:Transaction Details:Nam...

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VIS Assigns Initial Entity Rating to Gamalux Oleochemicals Limited

Karachi, July 12, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned initial entity rating of ‘A-/A-2’ (Single A Minus/ A-Two) to Gamalux Oleochemicals Limited (GOL). The medium to long-term rating of ‘A-’ signifies good credit quality...

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