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Daily Archives: January 25, 2021

Trade Bodies outrightly Reject Decision of Government of disconnecting Gas to Industry: Mian Nasser Hyatt Maggo, President FPCCI

Karachi, January 25, 2021 (PPI-OT): The industry will face the ever severe situation in the wake of discontinuation of gas supply to captive power generation for general industry from 1st February and the export-oriented sectors from 1st March 2021 leaving severe impact on the economy and exports of Pakistan. This was stated by Mian Nasser […]

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VIS Withdraws Entity Ratings of Nishat Chunian Power Limited

Karachi, January 25, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings assigned to Nishat Chunian Power Limited (NCPL), with immediate effect, on account of non-renewal of rating contract. The previous rating action was announced on April 06, 2020. For more information, contact: Director Compliance and Rating Analytics, VIS Credit Rating […]

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BQPS-III first turbine commissioning on fast track

Karachi, January 25, 2021 (PPI-OT): K-Electric’s flagship 900 MW power plant, BQPS-III is progressing on fast track and the Gas Turbine, Generator and Heat Recovery Boiler for the first unit of 450 MW have arrived at the power utility’s Bin Qasim Power Complex. Steam Turbine and Transformers for the first unit are on the way […]

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USF Awards Contract worth PKR 254 Million to Jazz for Providing Broadband Services in Jhelum and Chakwal Districts

Islamabad, January 25, 2021 (PPI-OT): The Universal Service Fund (USF) awarded a contract worth approximately PKR 254 Million to Jazz for providing High-Speed Mobile Broadband services in rural and remote areas of Punjab. Federal Minister for IT and Telecommunication, Syed Amin Ul Haque and Federal Minister for Science and Technology, Fawad Chaudhry witnessed the contract […]

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Nestle Pakistan Steps-Up Efforts for Waste-Free Hunza

Lahore, January 25, 2021 (PPI-OT): In line with its global vision for a waste-free future, Nestle Pakistan recently stepped up efforts under the Clean Hunza Project by installing a machine for bailing and compressing packaging waste in Hunza. Launched in 2019, Clean Hunza Project is part of District Council Hunza’s initiative on waste management, in […]

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VIS Reaffirms Ratings of Oil and Gas Development Company Limited

Karachi, January 25, 2021 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Oil and Gas Development Company Limited (OGDCL) at ‘AAA/A-1+’ (Triple A/A-One Plus). The medium to long-term rating of ‘AAA’ denotes highest credit quality, with negligible risk factors, being only slightly more than for risk-free debt of Government of Pakistan. […]

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District Police Officer, Sialkot visits Sialkot Chamber of Commerce and Industry along with his DSPs and SPs

Sialkot, January 25, 2021 (PPI-OT): Mr. Hassan Asad Alvi, District Police Officer, Sialkot visited the Sialkot Chamber of Commerce and Industry along with his DSPs and SPs. Qaisar Iqbal Baryar, President SCCI welcomed the DPO Sialkot and praised the dynamic leadership of Mr. Alvi and several initiatives taken to protect the law-and-order situation. The President […]

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KCCI, JAZZ sign MoU for 35 percent discount to KCCI members

Karachi, January 25, 2021 (PPI-OT): The Karachi Chamber of Commerce and Industry (KCCI) and JAZZ (Pakistan Mobile Communication Limited – PMCL) have signed a Memorandum of Understanding (MoU) according to which JAZZ will be providing 35 percent discount to KCCI members on bill amount excluding tax. The MoU was signed by President KCCI M. Shariq […]

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