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Sunday, July 22nd, 2018
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Category Archives: Business News

Karandaaz supporting Digitization of National Bank of Pakistan

Islamabad, June 19, 2018 (PPI-OT): Karandaaz Pakistan and National Bank of Pakistan (NBP) have partnered to launch a nationwide initiative for the promotion of digital financial inclusion by implementing a robust Application Programming Interface (API) on Apigee. Apigee is a …

LG V35 ThinQ: A Faster, Smarter V Series Phone

Karachi, June 14, 2018 (PPI-OT): LG Electronics (LG) announces the LG V35 ThinQ, the latest iteration of its highly acclaimed V series of premium multimedia smartphones. The LG V35 ThinQ continues to inject new energy into the V series platform …

Securities and Exchange Commission of Pakistan approves Employee’s Contributory Funds (Investment in Listed Securities) Regulations, 2018

Islamabad, June 14, 2018 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has introduced Employee’s Contributory Funds (Investment in Listed Securities) Regulations, 2018. The new regulations are aimed at improving safety regime for the employees contributing to various contributory …

State Bank of Pakistan designates Domestic Systemically Important Banks

Karachi, June 14, 2018 (PPI-OT): State Bank of Pakistan has announced the designation of D-SIBs under the Domestic Systemically Important Banks (D-SIBs) framework that was introduced in April 2018. The D-SIBs framework as introduced by State Bank is consistent with …

Pakistan’s Liquid Foreign Reserves Position

Karachi, June 14, 2018 (PPI-OT): The total liquid foreign reserves held by the country stood at US$16,457.1 million on 08 June 2018. The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank …

Delivering Happiness, One Meal at a Time

Lahore, June 14, 2018 (PPI-OT): Cheetay.pk, one of Pakistan’s leading e-commerce platforms providing the best food delivery service, is proud to announce ‘Cheetay Dastarkhwan’, a CSR campaign launched in collaboration with Rizq at Firdous Market Chowk and Khokhar Chowk, Johar …

JCR-VIS assigns AA+ rating to Basel 3 compliant additional Tier 1 instrument by United Bank Limited

Karachi, June 12, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned preliminary rating of ‘AA+’ (Double A Plus) to United Bank Limited’s (UBL’s) proposed Basel 3 compliant additional Tier-1 (ADT-1) TFC. Outlook on the assigned rating is ‘Stable’. …

Ratings of Saudi Pak Industrial and Agricultural Investment Company Limited

Karachi, June 12, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed entity ratings assigned to Saudi Pak Industrial and Agricultural Investment Company Limited (Saudi Pak) at ‘AA+/A-1+’ (Double A Plus/A-One Plus). The previous rating action was announced on …