Karachi: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Fund Stability Rating of HBL Income fund (HBLIF) at A(f). Rating incorporates the depiction of moderate degree of stability in the fund’s NAV as also evident from the consistent returns posted by the fund over the 12-month period. While there …

Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the IFS rating of Pak Qatar Family Takaful Limited (PQFTL) at ‘A-’ (Single A Minus). Outlook on the rating remains ‘Positive’. Given the low penetration of life insurance/ family takaful in the domestic market, business volumes of private life insurance companies …

Karachi: JCR-VIS Credit Rating Company Limited has maintained the Insurer Financial Strength Rating of Alpha Insurance Company Limited (AICL) at ‘A’ (Single A). Outlook on the assigned rating has been revised to ‘Negative’. Rating assigned to AICL incorporates the strength of the sponsoring institution, The State Life Insurance Corporation of …

Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity rating of KASB Modaraba (KASB) at ‘BBB+/A-3’ (Triple B Plus / A-Three) with a ‘Stable’ outlook. Despite considerable stress on the NBFCs sector on account of significant delinquencies and constraints regarding access to borrowing, KASB Modaraba has been able …

Islamabad: This may be treated as corrigendum to earlier press release in respect of CNG prices effective January 01, 2012. The Federal Government has now decided to reduce the Gas Infrastructure Cess to 60% of the initial amount for the Region I (Rs. 141/MMBTU) and Region II (Rs. 79/MMBTU). Accordingly, …

Rawalpindi: The President Rawalpindi Chamber of Commerce and Industry (RCCI) Jawed Akhtar Bhatti rejected the electricity price hike of Rs.2.4 per unit and termed that government has decided to wipe out the local Industry. He further said that government is also planning to increase the gas tariffs by January 2012. …

Karachi: Thank you very much for your letter dated December 27, 2011 in accordance with the Listing Regulation No. 30-A (ii) granting approval for delisting. We as a sponsoring members of Wazir Ali Industries Limited would like to convey our acceptance in accordance with the listing Regulation No. 30-D (iv) …