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Daily Archives: January 10, 2018

PACRA Maintains Entity Ratings of Pak Elektron Limited; Assigns Preliminary Rating to Proposed Sukuk; PEL Issued Commercial Paper of PKR 1.2bln

Lahore, January 10, 2018 (PPI-OT):The ratings reflect PEL’s strong business profile in its respective markets – Appliances and Power – supplemented by its strong brand. The Company, while aiming to diversify its product base, has continued to focus on improving …

JCR-VIS suspends Insurer Financial Strength Rating of The Pakistan General Insurance Company Limited

Karachi, January 10, 2018 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has suspended the Insurer Financial Strength rating of ‘A-‘ (Single A Minus) assigned to The Pakistan General Insurance Company Limited (PGI) with immediate effect. Despite repeated requests, PGI has not …

PCJCCI enthused for transferring marble extraction technology from China to Pakistan

Lahore, January 10, 2018 (PPI-OT):Marble and Granite industry of Pakistan can be transformed into a cutting-edge stone industry by adopting Chinese quarrying techniques. It was observed by Mr. S.M. Naveed, President Pak China Joint Chamber of Commerce and Industry during …

Global Economy to Edge Up to 3.1 percent in 2018 but Future Potential Growth a Concern

Islamabad, January 10, 2018 (PPI-OT):The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from …

Specimen of died lion sent for Histopathology analysis

Karachi, January 10, 2018 (PPI-OT):Mayor Karachi Wasim Akhtar has directed concerned officers to submit report on the death of a lion in Karachi Zoo on Tuesday. He also directed that full and thorough details about this incident must be provided …

Sindh Chief Minister regularize 2601 employees of LBOD

Karachi, January 10, 2018 (PPI-OT):Sindh Chief Minister Syed Murad Ali Shah has regularized the services of 2601 contingent LBOD employees. It may be recalled that the administrative control of Nawabshah Unit LBOD Stage-I was transferred from WAPDA to Irrigation department …

Safety of citizen, preservation of environment depend on fit vehicles: Murad Ali Shah

Karachi, January 10, 2018 (PPI-OT):Sindh Chief Minister Syed Murad Ali Shah has said that the safety of citizens and preservation of the environment depend primarily on the continuous maintenance of both public and private the vehicles, this is why the …