Karachi:Karachi Electric Supply Company has completed an operation against illegal power connections in Lines Area. This operation was conducted with eight vehicles and KESC security staff and all illegal kunda/hook connections were removed from the over head main supply lines. These were highly dangerous, illegal connections which were latched onto …

Lahore: The Pakistan Credit Rating Agency (PACRA) has revised the long-term and the short-term entity ratings of PEL to ‘BBB’ (Triple B) and ‘A3’ (A Three), respectively Previous: A-/A2]. Meanwhile, the ratings of the privately placed secured Sukuk issues of PKR 1,200m1n and PKR 1,l00mln have been revised to ‘BBB+’ …

ahore: PACRA has assigned rankings to the following funds of KASB Funds Limited based on performance review for the period ended June 30, 2011 (trailing 12 months for normal star rankings and trailing 36 months for long term star rankings).   Fund Category  Star   Ranking   Short  Long Term   Term …

Lahore: The Pakistan Credit Rating Agency (PACRA) maintains long-term and short-term entity ratings of the Bank of Punjab at “AA-” and “A1+”, respectively. Meanwhile, the outlook on the ratings continues to remain “Negative”. These ratings denote very low expectation of credit risk emanating from very strong capacity for timely payment …

Karachi: The Karachi Stock Exchange (Guarantee) Limited (KSE) has approved the schedule of issue of right shares of KASB Bank Limited as notified vide our Notice No.KSE/N-5170 dated October 7, 2011, The trading in the Unpaid Rights of the Bank will start on this Exchange w.e,f, October 12, 2011. The …

Karachi: This is with reference to the subject cited above, we do hereby inform you that the board meeting in which results for the year ended 30 June 2011 have to be approved by board of Directors of the Company is Still in progress. For more information, contact: Salam Farooq …

Karachi: This is with reference to the subject cited above, we do hereby inform you that the board meeting in which annual accounts of the Company for the year ended June 30, 2011 have to be approved by the board of Directors is still in progress. For more information, contact: …