Karachi, January 07, 2020: China Power Hub Generation Company (Pvt.) Ltd (CPHGC) has been assigned a long-term AA rating by the Pakistan Credit Rating Agency Limited. The 1320MW, USD 2 billion power project under the China Pakistan Economic Corridor developed in Lasbella, Balochistan has also been given a short-term A1+ rating and a stable outlook….
Karachi, January 03, 2020: Spokesperson K-Electric reiterates that different figures ranging from PKR 4 upwards being circulated in media circles as increase in consumer bills are misleading. According to the Spokesperson, “Some News Channels and Publications have quoted a figure of more than PKR 4 being increased in the end consumers’ monthly bills which is…
Karachi, January 03, 2020: Uber (NYSE: UBER) today confirmed the official close of the previously announced acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has become a wholly-owned subsidiary of Uber, preserving its brand. Careem co-founder and CEO Mudassir Sheikha will continue to lead the Careem business, which will report to a board made…
Investment in long-term debt securities Karachi, January 02, 2020: Amendments in the Income Tax Ordinance, 2001 have been issued to simplify the tax regime for non-resident companies investing in debt instruments and Government securities. These amendments aim to deepen our capital markets, support availability of long term rupee financing sources, support competition in the local…
Lahore, January 02, 2020: Jubilee Life Insurance, Pakistan’s largest life insurance provider in the private sector recently bagged the second position in the Major General Saeed uz Zaman Janjua Memorial Polo Cup 2019. The final match of the tournament was held at the Lahore Polo & Country Club. The tournament was played by eight teams…