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Daily Archives: April 17, 2019

Emirates marks significant fleet renewal milestones

Karachi, April 17, 2019 (PPI-OT): Emirates is committed to offering its customers an unparalleled on-board experience and maintaining the highest standards of safety and efficiency with a modern all wide-body aircraft fleet.

Reconfiguration of Boeing 777-200LR fleet

In April 2019, …

Akhtar Khan Tessori takes serious note of a recent news item about FATF’s recommendations

Karachi, April 17, 2019 (PPI-OT): The Chairman Pakistan Gems Jewellery Traders and Exporters Association Akhtar Khan Tessori has taken a serious note of a recent news item about FATF’s recommendations to the Government of Pakistan to restrict the sale of …

Pakistan-South Africa Business Forum delegation visits KCCI

Karachi, April 17, 2019 (PPI-OT): Chairman Pakistan-South Africa Business Forum (PSABF) Mohammad Rafiq Memon has said that Pakistan’s cement exports to South Africa have suffered terribly during the last couple of years because of the anti-dumping duty imposed by the …

Pharma industry announces to slash prices of 395 essential drugs

Karachi, April 17, 2019 (PPI-OT): Pakistan Pharmaceutical Manufacturers’ Association (PPMA) on Wednesday announced to decrease the prices of 395 essential medicines whose prices had been reduced by the Drug Regulatory Authority of Pakistan (DRAP) but not implemented by the pharmaceutical …

Meezan Bank and Regal Automobile Industries Limited enter into Strategic Alliance for provision of Shariah-compliant Financing Solution and Value-added Services

Karachi, April 17, 2019 (PPI-OT): Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in Pakistan, has recently signed a Memorandum of Understanding with Regal Automobile Industries Limited to provide exclusive Shariah-compliant financing solutions and value-added services to its …

PACRA Maintains Stability Rating of Atlas Sovereign Fund

Lahore, April 17, 2019 (PPI-OT): The objective of the fund is to provide unit-holders competitive return with low risk and high liquidity by investing primarily in short-term government securities.

The rating reflects the fund’s strong credit profile emanating from its …

PACRA Maintains Stability Rating of Atlas Money Market Fund

Lahore, April 17, 2019 (PPI-OT): The objective of the fund is to provide a stable income stream with the preservation of capital by investing in AA and above rated banks and short-term government securities.

The rating reflects very strong credit …

PACRA Maintains Stability Rating of Alfalah GHP Money Market Fund

Lahore, April 17, 2019 (PPI-OT): The objective of the fund is to generate competitive returns consistent with low risk from a portfolio constituted of short-term instruments including cash deposits, money market placements and government securities. The Fund will maintain a …