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Daily Archives: June 19, 2019

Huawei founder says that the world relies on open collaboration for shared success

Karachi, June 19, 2019 (PPI-OT): Ren Zhengfei, founder and CEO of Huawei, was recently part of an open dialogue alongside other prominent guests examining the latest economic and political headwinds affecting the global ICT industry and Huawei in particular. The …

LG Announces Start of Sales of World’s First 8K OLED TV

Karachi, June 19, 2019 (PPI-OT): LG Electronics (LG) announced the start of sales of the world’s first 8K OLED TV (model 88Z9) with pre-orders for the 88-inch set starting this week in South Korea. Availability in key markets of North …

Signify Pakistan provides solar lighting systems to schools in Sindh

Islamabad, June 19, 2019 (PPI-OT): Signify (Euronext: LIGHT), the world leader in lighting, today announced that has provided solar lighting systems to 05 schools in Umer Kot, Sindh, Pakistan through its ‘Light for Better Learning’ campaign in partnership with a …

Nestle Pakistan launches its global initiative Nestle Cares

Karachi, June 19, 2019 (PPI-OT): Nestle Pakistan launched its global initiative ‘Nestle Cares’ with a beach cleaning drive in connection to the World Oceans Day at Sea View Beach, Karachi. Nestle Cares, the company’s Employee Volunteer Program, is aimed at …

PACRA Maintains Entity Ratings of Kashf Foundation

Lahore, June 19, 2019 (PPI-OT): Kashf Foundation is a renowned Microfinance Institution; it has been in operations since 1996. MFIs are governed by SECP regulations mainly NBFC (Establishment and Regulations) Rules, 2003, Non-Banking Finance Companies and Notified Entities Regulations 2008 …

PACRA Maintains Entity Ratings of Soneri Bank Limited

Lahore, June 19, 2019 (PPI-OT): The ratings reflect Soneri Bank’s sustained business profile as reflected in net interest margin. The bank’s funding base comprise of deposits and borrowings. During CY18, customer deposits witnessed growth of ~12%, at par with the …

VIS Assigns Initial Entity Ratings to Chakwal Textile Mills Limited

Karachi, June 19, 2019 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of ‘BBB-’/A-2’ (Triple B Minus/A-Two) to Chakwal Textile Mills Limited (CTML). The medium to long-term rating of ‘BBB-’ denotes adequate credit quality coupled with …

VIS Assigns Initial Ratings to Clover Pakistan Limited

Karachi, June 19, 2019 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of ‘A-/A-2’ (A Minus / A Two) to Clover Pakistan Limited (Clover). The long term rating of ‘A-’ signifies good credit quality; protection factors …