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Saturday, January 19th, 2019
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Category Archives: Business News

JCR-VIS finalizes rating of Basel 3 compliant Additional Tier 1 Sukuk by Dubai Islamic Bank Pakistan Limited

Karachi, January 09, 2019 (PPI-OT): Upon review of final signed legal documents, JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned finalized rating of ‘A’ (Single A) to Dubai Islamic Bank Pakistan Limited’s (DIBPL) proposed Basel 3 compliant Additional Tier-1 Sukuk. …

The mismanaged ‘managed floating rate’

Karachi, January 09, 2019 (PPI-OT): Saud Mehmood, Chairman, Taxation Sub-Committee of SITE Association of Industry in a press statement, has said that the Association completely understands that rupee depreciation is an important step to curtail the spiralling current account deficit. …

Mondelez Pakistan Limited appoints Narmeen Khan as Managing Director

Karachi, January 09, 2019 (PPI-OT): Mondelez Pakistan Limited appointed Narmeen Khan as the new Managing Director of the company based in Karachi, Pakistan. Narmeen’s appointment will play a critical role in supporting the Mondelez International continual growth strategy and driving …

Indus Motor Company wins Global Compact Network Pakistan Award 2018

Karachi, January 09, 2019 (PPI-OT): The Global Compact Network Pakistan (GCNP) has conferred the second prize of Business Sustainability Award 2018 to Indus Motor Company (IMC) in the category of Multinational Companies. This prestigious award is granted in recognition of …

LCCI launches Employment Portal for youth, business community

Lahore, January 09, 2019 (PPI-OT): The Lahore Chamber of Commerce and Industry Wednesday launched “LCCI Employment Portal” in collaboration with Rozee.pk and has become first chamber of the country to implement take such an initiative to help government bring down …

JCR-VIS Reaffirms Broker Management Rating of Adam Securities Limited

Karachi, January 09, 2019 (PPI-OT): JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Broker Management Rating of Adam Securities Limited (ASL) at ‘BMR3++’. Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on November 21, …

Blockchain Technology Backed Home Remittances from Malaysia to Pakistan Made Possible to Promote Financial Inclusion

Karachi, January 08, 2019 (PPI-OT): Telenor Microfinance Bank, in partnership with Valyou of Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service, powered by industry-leading blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group …

Atlas Battery celebrates 50th Anniversary during the Auto Show at Karachi with a plethora of activities

Karachi, January 08, 2019 (PPI-OT): Atlas Battery Limited (ABL) celebrated its 50th anniversary at an event organized by the Pakwheel. The annual event showcased the latest and unique auto vehicles and provided an opportunity to different partner organizations to engage …