November 16, 2023 - News Feed

Duck Creek Pioneers the Next Era of Cloud-Based Technology for P&C Insurers Through Microsoft Azure OpenAI Service

Posted November 16, 2023 by Web Desk

Incorporating Azure OpenAI Service and using Duck Creek’s low-code platform empowers insurers to modernize responsibly BOSTON, Nov. 16, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces a breakthrough initiative in collaboration with Microsoft. This collaboration…

Pacific Green Acquires Five Battery Energy Storage Developments in Italy Totaling 500MW / 2,800MWh

Posted November 16, 2023 by Web Desk

Dover, DE, Nov. 16, 2023 (GLOBE NEWSWIRE) — Pacific Green Battery Energy Park (Italia) Srl, a wholly-owned subsidiary of Pacific Green Technologies, Inc. (the “Company” or “Pacific Green”, (OTCQB: PGTK)) announces that it has acquired 51% of the shares in five Italian projects (the “Projects”) from Sphera Energy Srl. The…

UBL Special Savings Fund-II Reports No Distributions in 2023

Posted November 16, 2023 by Web Desk

Karachi, (PPI Bot): The UBL Special Savings Fund-II, listed since 2020, shared its financial status for the year. The fund, with no specified offer and redemption prices, did not report any distributions for 2023.

TRG Pakistan Ltd. Announces Substantial Dividend; Shares Highly Traded

Posted November 16, 2023 by Web Desk

Karachi, (PPI Bot): TRG Pakistan Ltd. (TRG) declared a 44% dividend for the year. The shares traded at Rs. 84.17 and showed a daily average of Rs. 83.58. The turnover was significant at 728,694,910 shares, with an exceptionally high EPS of Rs. 47.40.

UBL Asset Allocation Fund Releases Financial Information

Posted November 16, 2023 by Web Desk

Karachi, (PPI Bot): The UBL Asset Allocation Fund, which was listed in 2013, released its financial information, showing an offer price of Rs 178.75 and a redemption price of Rs 172.89 as of June 2023. The fund reported a distribution of 7.34% in 2021 but none in 2022.

NBP Stock Fund Announces Significant Year-End Distributions

Posted November 16, 2023 by Web Desk

Karachi, (PPI Bot): The NBP Stock Fund, active on the Pakistan Stock Exchange since 2007, shared its financial results for 2023. The fund's offer price was PKR 19.13, and the redemption price was PKR 18.5. It reported a distribution of 14.71% for the year.

VIS Reaffirms Entity Ratings of Agriauto Industries Limited as Stable

Posted November 16, 2023 by Web Desk

Karachi, VIS Credit Rating Company Ltd. (VIS) has reaffirmed the entity ratings of Agriauto Industries Limited (AGIL) as ‘A-/A-1’. The reaffirmation of the medium to long-term rating of ‘A-’ reflects the company's good credit quality and adequate protection factors, while the short-term rating of ‘A-1’ indicates a high certainty of…

President Alvi Invites Foreign Investors to Explore Opportunities in Pakistan

Posted November 16, 2023 by Web Desk

Islamabad, President Dr. Arif Alvi has called on foreign investors to explore the vast opportunities available in various sectors of Pakistan’s economy. This invitation was extended during a meeting with a delegation from Oxford Alumni, led by Haseeb Ahmad, comprising graduates from diverse business backgrounds.According to Zameen.com, During the discussions,…

Huawei Advocates ICT Innovations for Europe’s Digital and Green Transformation

Posted November 16, 2023 by Web Desk

Paris, At the HUAWEI CONNECT 2023 event in Paris, Huawei emphasized the role of its Information and Communication Technology (ICT) innovations in driving Europe's digital and green transformation. The company's cutting-edge technologies are envisioned to empower various industries across the continent, enabling rapid progress towards a digital future.According to Huawei,…

Result of general elections will create environment of stability, prosperity: President

Posted November 16, 2023 by Web Desk

President Dr Arif Alvi says the result of general elections will lead to an environment ensuring stability and prosperity of the country.In an interview with Voice of America, he said that the provision of level-playing field to all political parties was the mutual responsibility of the government and the Election…

PM directs all stakeholders to pursue initiatives of Special Investment Facilitation Council

Posted November 16, 2023 by Web Desk

Prime Minister has directed all stakeholders to pursue Special Investment Facilitation Council's initiatives through collaborative approach to reap dividend in short to medium terms.He passed these directives while chairing the 7th meeting of Apex Committee of the SIFC in Islamabad today.Speaking on the occasion, Chief of Army Staff General Syed…

Mari Petroleum and KUFPEC Join Forces to Enhance Energy Exploration

Posted November 16, 2023 by Web Desk

Islamabad, Mari Petroleum Company Limited (MPCL) has announced a strategic partnership with Kuwait Foreign Petroleum Exploration Company (KUFPEC) through a Memorandum of Understanding (MoU). This collaboration aims to jointly evaluate and bid for selected exploration blocks both within and outside Pakistan, and to consider potential farm-in opportunities. The agreement marks…