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Daily Archives: April 29, 2019

700MW Power Project by K-Electric announced; Project to serve energy demands of Pakistan’s economic hub Karachi

Karachi, April 29, 2019 (PPI-OT): K-Electric, Pakistan’s only vertically integrated power utility has signed an agreement with the state-owned China Machinery Engineering Corporation (CMEC) for the development a state-of-the-art 700MW IPP based power project at Port Qasim, Karachi.

The project …

Dr. Baig and S. M. Muneer inaugurated ICCMC Complex in Houston

Karachi, April 29, 2019 (PPI-OT): Dr. Mirza Ikhtiar Baig, Sr. Vice President FPCCI and leader of FPCCI delegation to Houston inaugurated ICCMC multi sports complex in Houston along with S. M. Muneer. Former President FPCCI and Former CE TDAP At …

Engr. Daroo Khan Achakzai felicitates Imran Khan on successful visit of China

Karachi, April 29, 2019 (PPI-OT): Engr. Daroo Khan Achakzai, President FPCCI congratulated Prime Minister of Pakistan Imran Khan on his successful visit to China, during which the bilateral trade collaboration and economic relations remained in focus. He hoped that in …

Airlink Communication and Huawei Technologies join hands for the next generation Cloud Computing and Data Centre in Pakistan

Lahore, April 29, 2019 (PPI-OT): Airlink Communication and Huawei Technologies join hands for the Cloud Data Center in Pakistan. The landmark agreement was reached at “Pak China Trade and Investment Forum” currently being held in Beijing. The Cloud will be …

EcoStar organises a Blogger’s meet-up in the essence of Mother’s Day

Lahore, April 29, 2019 (PPI-OT): EcoStar, Pakistan’s premier consumer electronics brand has recently called a blogger’s ‘meet and greet’ to celebrate up-coming Mother’s Day at EcoStar Display Center, Packages Mall, Lahore. Mothers of all the bloggers were present there as …

PACRA Maintains Entity Ratings of Engro PowerGen Thar (Private) Limited

Lahore, April 29, 2019 (PPI-OT): Engro Powergen Limited (EPL) along with China Machinery and Engineering Corporation (CMEC) is setting up first Thar coal based (2 x 330 MW) power plant (Complex) – Engro Powergen Thar (Pvt.) Limited (EPTL). The project …

PACRA Maintains Entity Ratings of Halmore Power Generation Company Limited

Lahore, April 29, 2019 (PPI-OT): Halmore Power Generation Company Limited (Halmore Power) runs a 225MW power plant. The company operates in the regulated power sector. It enjoys sovereign guarantee against receivables from power purchaser – CPPA-G – given adherence to …

PACRA Maintains Entity Ratings of NRSP Microfinance Bank Limited

Lahore, April 29, 2019 (PPI-OT): The ratings incorporate the bank’s notable position in the Microfinance Sector, evident from its ~13% share in MFBs’ gross loan portfolio and ~11% in the MFBs’ deposits. The design of the lending book keeps the …