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Category Archives: Business News

JCR-VIS Assigns Initial Entity Ratings to Engro Polymer and Chemicals Limited

Karachi, July 19, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of ‘AA-/A-1+’ (Double A Minus/A-One Plus) to Engro Polymer and Chemicals Limited (EPCL). Outlook on the assigned ratings is ‘Stable’.

The assigned ratings incorporate …

Telenor Pakistan announces financial results for second quarter of 2018

Islamabad, July 17, 2018 (PPI-OT): Telenor Pakistan, one of the country’s top telecom and digital services providers, today reported revenue of 28.066 billion for its 2nd fiscal quarter ending June, 2018. The latest financial results show a year-on-year growth of …

Regulating imports can help save billions of dollars

Islamabad, July 17, 2018 (PPI-OT): Islamabad Chamber of Small Traders on Tuesday said liberal import policy has pushed trade deficit to new heights creating serious problems for the country. Regulating unnecessary imports could have helped the country save billions of …

The fourth round of devaluation to result in a fresh wave of inflation

Karachi, July 17, 2018 (PPI-OT): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday said continued erosion in the exchange rate proves that the measures adopted to reduce demand of the American currency have not worked as …

Supreme Court of Pakistan’s Diamer Bhasha and Mohmand Dams Fund; SBP Placed Donor wise Data on its Webpage

Karachi, July 17, 2018 (PPI-OT): State Bank of Pakistan has placed the donor wise and consolidated bank wise details of donation / contribution for each date starting from July 6, 2018 on its website. Now, the donors can check their …

Phenomenal rise in imports stresses current account: Ghazanfar Bilour President FPCCI

Karachi, July 13, 2018 (PPI-OT): Ghazanfar Bilour President FPCCI showed his serious concern over the continuous drastic increase in trade deficit of Pakistan resulting in fiscal imbalances.The exorbitant increase in import is exerting pressure on balance of payments and reflecting …

Minister for Maritime Affairs and Foreign Affairs visits Karachi Port Trust to review the progress of Port Projects

Karachi, July 13, 2018 (PPI-OT): The Federal Minister for Maritime Affairs and Foreign Affairs, Mr. Abdullah Hussain Haroon, visited the Karachi Port Trust Head Office today to review the progress of port projects. Chairman Karachi Port Trust Rear Admiral Jamil …