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Friday, August 23rd, 2019
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Category Archives: Business News

With Powerful All-Around Performance, New 5K Monitor Offers Extended Usability and Seamless Connectivity with Mac and iPad Pro

Karachi, August 20, 2019 (PPI-OT): LG Electronics (LG) introduced a new 27-inch UltraFineTM 5K Display (model 27MD5KL) which, along with the company’s 24-inch UltraFine 4K Display (model 24MD4KL), gives consumers two high-quality monitors that are designed specifically for the latest …

PACRA Maintains Entity Ratings of Reliance International Commodities Export

Lahore, August 20, 2019 (PPI-OT): The ratings reflect the emergence of the Reliance International Commodity Exports (”Reliance”) as a growing IRRI rice exporter. In line with the overall industry changing the trend, Reliance has shifted its export sales mix from …

PACRA Maintains Entity Ratings of Jhulay Lal Parboiled Rice Mill

Lahore, August 20, 2019 (PPI-OT): The ratings reflect Jhulay Lal’s emerging position in the rice export market. Jhulay Lal (JL) has expanded its capacity over the last few years; the two new lines have been commissioned which have strengthened the …

PACRA Maintains Entity Ratings of K.K. Rice Mills (Private) Limited

Lahore, August 20, 2019 (PPI-OT): The ratings capture the fresh injection of PKR ~ 175mln in the company as subordinated loan. The sponsors have expressed undertaking to keep the amount as such or convert it into paid-up capital. The ratings …

ICCI urges MCI to withdraw 200 percent hike in commercial property tax

Islamabad, August 19, 2019 (PPI-OT): The Islamabad Chamber of Commerce and Industry (ICCI) has called upon the Metropolitan Corporation Islamabad (MCI) to withdraw the over 200 percent hike in property tax for commercial consumers as doubling property tax in one …

Zaidi reiterates commitment to completely cleanse Karachi from garbage

Karachi, August 19, 2019 (PPI-OT):Federal Minister for Maritime Affairs Syed Ali Hyder Zaidi, while appreciating the immense participation of the business community, Public, KMC, DMCs and Sindh government in Federal government’s ‘Clean Karachi Campaign’, reiterated his commitment to completely cleanse …

Hubco declares Commercial Operations Date for its Chinese Joint Venture China Power Hub Generation Company

Karachi, August 19, 2019 (PPI-OT): China Power Hub Generation Company (CPHGC) – a joint venture between The Hub Power Company Ltd. (HUBCO) and China Power International Holding – has successfully declared the Commercial Operations Date (COD) of its 1320MW imported …