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Sunday, October 21st, 2018
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Category Archives: Business News

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 …

JCR-VIS Reaffirms Ratings of Attock Cement Pakistan Limited

Karachi, June 12, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited has reaffirmed entity ratings of Attock Cement Pakistan Limited (ACPL) at ‘A+/A-1’ (Single A Plus/A-One). Outlook on the assigned ratings is ‘Stable’. The previous rating action was announced on October …

Government drops petrol and dollar bomb days before Eid: FPCCI

Karachi, June 12, 2018 (PPI-OT): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday said the government has dropped petrol and dollar bomb on masses days before the religious festival of Eid. A record reduction of Rs4.40 …

United Business Group Leaders welcomed Anjum Nisar Appointment as Punjab Minister

Karachi, June 12, 2018 (PPI-OT): Members of United Business Group (UBG) has welcomed the inclusion of former president of Lahore Chamber of Commerce and Industry Mian Anjum Nisar in caretaker Punjab cabinet as Minister Commerce and Industry.

United Business Group …

Al-Futtaim Renault Pakistan confirms Faisalabad home to new car manufacturing plant

Islamabad, June 12, 2018 (PPI-OT): Al-Futtaim today announced the acquisition of an industrial plot of land to set-up a brand new automotive plant for the exclusive manufacture/assembly of Renault vehicles in Pakistan. The world-class facility will be set up at …