Increase font size Decrease font size Reset font size
| 12/16/2017 12:00:00 AM
PSO inducts safe transport vehicle KARACHl: Pakistan State Oil (PSO) on Fridayinducted a latest tank lorry in its fleet for safe transportation of petroleum products across the nation.

PSO Managing Director and Chief Executive Officer, Sheikh Imranul Haque inaugurated the modern tank lorry which complies fully with the standards set by the Oil and Gas Regulatory Authority (Ogra) and National Highways Authority (NHA). PSO contracts country`s largest tank lorry (TLS) fleet to transport POL products across the country using approximately 8,000 vehicles.

The newly introduced tank lorries are designed to ensure the security of the public and the road infrastructure.Pacra maintains Soneri Bank`s rating KARACHl: Pakistan Credit Rating Agency(Pacra) has maintained the long-term rating of `AAand a short-term rating of `A1+` for Soneri Bank Ltd, a press release said on Friday. Pacra has also maintained the credit rating of the unsecured, subordinated and listed term finance certificate (TFC-2) issue of Rs3 billion at `A+`.-Staff ReporterTencent to buy stake in Yonghui BElJING: Chinese internet giant TencentHoldings Ltd plans to invest 4.2 billion yuan ($636 million) in a 5 per cent stake in Yonghui Superstores Co Ltd , the supermarket chain operator said on Friday.

Tencent aims to acquire a combined 478.5m shares at 8.81 yuan per share from Yonghui`s two owners via its affiliate Linzhi Tencent Technology, Yonghui said in a filing to the Shanghai stock exchange.-Reuters