Web Desk
Karachi, January 13, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘BBB-/A-2’ (Triple B Minus/A-Two) assigned to Qadri Textile Mills Limited with immediate effect, due to the non-availability of required information for rating analysis. Ratings will be reassessed as and when the required information becomes available. Previous rating action was…
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Islamabad, January 13, 2023 (PPI-OT):Announcing its decision on the petition filed by the Federal Government, NEPRA has adjusted the tariff of K-Electric under the head of Uniform Tariff Policy. Across Pakistan, electricity users are charged an equal or ‘uniform’ tariff, per the rules and regulations of the Federal Government and the regulator, NEPRA. Individual distribution…
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Lahore, January 13, 2023 (PPI-OT):Tetra Pak Pakistan announced the renewal of their partnership with Islamabad United as its official nutrition partner during the upcoming season 8 of the Pakistan Super League (PSL), scheduled to kick off on February 13. The agreement was signed during a special ceremony hosted by the Pakistan Cricket Board (PCB) in…
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Islamabad, January 13, 2023 (PPI-OT):foodpanda Pakistan, a subsidiary of Delivery Hero, has been recognized for demonstrating best practices with regard to diversity, equity and inclusion benchmarks. The leading delivery platform in the country was crowned the winner in two categories – Marketing and Customer Service, and Work-Life Integration, Flexibility and Benefits – in the Global…
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Karachi, January 13, 2023 (PPI-OT): Fertilizer Preview: 4Q22 EPS up sequentially; CY22 down YoY We present earnings estimates for FFC, EFERT and FFBL ahead of CY22 results where we expect the sector to report lower earnings YoY over higher tax charge and exchange loss on foreign payables. For 4QCY22, we expect a sequential improvement in…
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Karachi, January 13, 2023 (PPI-OT): KSE-100 gained 46 points yesterday, to close at 40,804 with 175Mn shares being traded. Top performance as per price change was witnessed in LOTCHEM, PSEL and NESTLE. Top decliners SRVI, ABOT and KTML. Activity was mainly concentrated in Technology, Cements and Refineries.
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Karachi, January 13, 2023 (PPI-OT):General Secretary Businessmen Group and Former President Karachi Chamber of Commerce and Industry (KCCI) AQ Khalil has advised Jamiyat Punjab Saudagran-e-Delhi (JPSD) to enhance the scope of Jamiat’s operations by looking into the possibility of setting up universities for higher education instead of staying confined to just financing the deserving students….
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