Business
TMG, GB Capital, and EFG Hermes to launch mortgage finance company
Egypt, April 17, 2019: Three of Egypt’s leading publicly traded companies announced today they have entered into an agreement to create a mortgage finance joint venture serving Egypt’s large, growing population of home buyers. The three partners are TMG, Egypt’s leading developer of premium master planned communities, GB Capital (the NBFI arm of GB Auto)…
PACRA Upgrades Stability Rating of NIT Money Market Fund to “AAA”
Karachi, April 17, 2019: We are pleased to inform that Pakistan Credit Rating Agency Limited (PACRA) has upgraded stability rating of NIT Money Market Fund from previous “AA+” to “AAA” which is the highest fund stability rating. The objective of the fund is to generate competitive returns with minimum risk for its unit holders by…
America refuses to give Pakistan access to duty-free market
Islamabad, April 17, 2019: Trump Administration rejected Pakistan’s demand for duty-free access to the US market. This news was revealed by Imran Khan’s assistant, Abdul Razzaq Dawood. The Pakistan government’s Advisory for Trade, Textile and Industry Minister Abdul Razaq Dawood told the National Assembly Committee for Trade and Textile that Pakistan wants duty-free access to…
Mian Ateeq warned to consult apex court over drug price hike till Friday Government to amend DRAP law soon, Dr. Nausheem Hamid
Islamabad, April 15, 2019: Senator Mian Muhammad Ateeq Shaikh, Chairperson, Senate Committee on National Health Services Regulations and Coordination said Prime Minister Imran Khan should uphold its commitment to the public of Pakistan and should take concrete measures to reverse the price hike of drugs immediately. He said if the Prime Minister does not take…
Zong 4G and FINCA Microfinance Bank to digitally empower Corporate Organizations across Pakistan
Islamabad, April 16, 2019: Zong 4G, Pakistan’s No.1 Data Network, and FINCA Microfinance Bank Pakistan have entered into a strategic alliance aimed to uplift the digital and financial ecosystem of Pakistan. Leveraging on Pakistan’s best 4G Services, the strategic collaboration between the two organizations will enable FINCA customers to perform all sorts of banking activities…