President of Indonesia Inaugurates Country’s Largest Integrated Viscose Rayon Production Facility
Investment of Rp. 15 trillion (USD1,1 billion) in facility Supports development of national textile industry and ‘Making Indonesia 4.0’ roadmap PANGKALAN KERINCI, INDONESIA – Media OutReach – 21 February 2020 – The President of Indonesia, Joko Widodo, today inaugurated Indonesia’s largest integrated viscose rayon production facility, injecting a boost for the country’s textile sector and the Indonesian Government’s […]
FBR Goes After Fashion Designers After Finding Massive Tax Evasion
The Federal Board of Revenue (FBR) has found massive tax evasion by fashion designers.According to the available documents, this was revealed while surveying for new taxpayers. The FBR has found that marriage dress designers charge an exorbitant amount…
UBL Records 25% Profit Growth in 2019
United Bank Limited showed outstanding resilience in profitability, making a handsome profit of Rs. 19.1 billion in 2019.The bank’s profit surged over 25 percent in 2019 from the bottom line of Rs. 15.22 billion recorded last year, which was a tough ye…
Nuvei announces strategic partnership with the MAX Group and agrees to sell CreditGuard
MONTREAL and TEL AVIV, Israel, Feb. 19, 2020 (GLOBE NEWSWIRE) — Nuvei, a global payment technology provider, has entered into a strategic collaboration agreement with the Max Group (MAX), one of Israel’s leading financial institutions. Under the partnership, MAX’s commercial customers who wish to establish business activities outside of Israel will have access to Nuvei’s […]
Media Advisory: Bombardier CEO and CFO to speak at Barclays Industrial Select Conference on February 19, 2020
MONTRÉAL, Feb. 18, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) announced today that its President and Chief Executive Officer, Alain Bellemare, and its Senior Vice President and Chief Financial Officer, John Di Bert, will speak at the Barclays Industrial Select Conference in Miami, Florida on Wednesday, February 19, at 1:50 p.m. EST DATE: Wednesday, February 19, 2020 […]
PTCL and RCCI Collaborate to Enable Digital Pakistan
Pakistan Telecommunication Company Limited (PTCL) has signed an MoU with the Rawalpindi Chamber of Commerce and Industries (RCCI) to establish a strategic partnership that offers state of the art digital services from PTCL to the business community ass…
Govt Offers Sukkur Hyderabad Motorway for Foreign Investment
The government has offered up Sukkur Hyderabad Motorway (M 6), a critical component of China Pakistan Economic Corridor (CPEC), for foreign investment at a roadshow which will be completed with an estimated cost of over Rs. 204 billion.According to the…
Pakistan Gets Highest Ever $200 Million GCF Grant to Deal With Climate Change
Pakistan will initiate the work on multiple projects under the $200 million grant by Green Climate Fund (GCF) to mitigate environmental degradation in the country.This was revealed by the Adviser to the Prime Minister on Climate Change Malik Amin Aslam…
Govt Will Finalize Privatization of Two Power Plants in April
The federal government has decided to complete the privatization of two RLNG power plants located at Haveli Bahadarshah and Balloki by mid of April 2020.The 8th meeting of the Transaction Committee for Privatization of National Power Parks Management C…