FLASHNEWS:

Day: July 14, 2023

VIS Reaffirms Entity Ratings of Rajby Textiles (Private) Limited

Karachi, July 14, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Rajby Textiles (Private) Limited (RTPL) at ‘A-/A-2’ (Single A Minus/A-Two). Medium to long-term rating of ‘A-’ signifies good credit quality; prot…

No Significant Change to Load Shed Regime

Karachi, July 14, 2023 (PPI-OT): Following a periodic assessment of the network, 71% of the city remain exempt from load shed under the schedule published by K-Electric, effective immediately. The schedule, which is publicly available on the company’s …

Strict action against Hundi operators demanded

Karachi, July 14, 2023 (PPI-OT): Former Vice President of FPCCI Atif Ikram Sheikh on Friday demanded steps to restore the confidence of the expatriates. He also demanded action against those involved in hundi business who are offering higher exchange r…

Public and businesses are given a reprieve in form of IMF loan

Karachi, July 14, 2023 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Friday that the approva…

Business Community Welcomes IMF Deal

Karachi, July 14, 2023 (PPI-OT): Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised that Pakistan’s business, industry and trade community have had a sigh of relief after the approval of IMF’s Standby Agreement (SBA) for a period of 9 months after a…

LCCI commends PM, FM for Successful IMF Program

Lahore, July 14, 2023 (PPI-OT): President of the Lahore Chamber of Commerce and Industry Kashif Anwar Thursday lauded the government for the approval of a substantial US $3 billion Standby Arrangement Program for Pakistan. He said that the financial as…