Islamabad, Mari Petroleum Company Limited (MPCL) has announced a strategic partnership with Kuwait Foreign Petroleum Exploration Company (KUFPEC) through a Memorandum of Understanding (MoU). This collaboration aims to jointly evaluate and bid for selec…
Day: November 16, 2023
PACRA Assigns Initial Rating to K-Electric Limited Amid Economic Challenges
Karachi, K-Electric Limited (KE), a key player in Pakistan’s power sector, has been assigned an initial rating by The Pakistan Credit Rating Agency Limited (PACRA) for its latest financial instrument. This rating comes amidst a challenging economic env…
PACRA Elevates Platinum Steel Mill’s Rating Amidst Expansion and Growth
Karachi, Platinum Steel Mill (Pvt.) Limited (PSMPL), a state-of-the-art steel manufacturing entity established in 2019 in Port Qasim’s industrial sector, has received an upgraded entity rating from The Pakistan Credit Rating Agency Limited (PACRA). Thi…
PACRA Affirms Samba Bank’s Debt Rating Backed by Strong Group Profile
Karachi, Samba Bank Limited (SBL) has maintained its debt instrument rating, as affirmed by The Pakistan Credit Rating Agency Limited (PACRA). The bank’s rating is bolstered by the robust profile of its sponsoring group, the Saudi National Bank (SNB), …
PACRA Issues Initial Rating to K-Electric Limited’s New Sukuk Amid Financial Challenges
Karachi, K-Electric Limited (KE), the key electricity provider in Karachi and its surrounding regions, has been assigned an initial rating by The Pakistan Credit Rating Agency Limited (PACRA) for its newly issued financial instrument, PPSTS-19. The rat…
IMF Approves Crucial Staff-Level Agreement with Pakistan, Focusing on Energy Sector Overhaul
Islamabad, The International Monetary Fund (IMF) and Pakistani authorities have reached a significant staff-level agreement under Pakistan’s Stand-By Arrangement (SBA). This agreement, pending approval by the IMF’s Executive Board, is pivotal for Pakis…
Huawei Advocates ICT Innovations for Europe’s Digital and Green Transformation
Paris, At the HUAWEI CONNECT 2023 event in Paris, Huawei emphasized the role of its Information and Communication Technology (ICT) innovations in driving Europe’s digital and green transformation. The company’s cutting-edge technologies are envisioned …
Emirates Expands A350 Fleet with $6 Billion Order at Dubai Airshow
Dubai, In a significant expansion of its fleet, Emirates airline announced a $6 billion order for 15 additional Airbus A350-900 aircraft at the Dubai Airshow 2023. This new order brings the total number of A350s on Emirates’ books to 65, marking a subs…
Huawei Unveils Paris Innovation Center to Bolster SME Growth in Europe
Paris, Huawei marked its Innovation Day 2023 in Paris with the theme ‘SME Innovation: Unlocking Europe’s Economic Future,’ bringing together European and global innovators to focus on collaborative growth for Small and Medium-sized Enterprises (SMEs). …
5G FWA Emerges as Key to Bridging Broadband Connectivity Gap in Africa
Cape Town, At the Africacom 5G Summit, a significant white paper titled “5G FWA in Africa, Emerging Trends and Opportunities” was released, offering a comprehensive analysis of the development and future potential of 5G Fixed Wireless Access (FWA) serv…