Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the rating of ‘A+’ (Single A Plus) assigned to the Sukuk issued by Century Paper and Board Mills Limited (Century). Outlook on the rating is ‘Stable’. The rating derives comfort from the improvement in industry dynamics and strong support from sponsors. …

Karachi: JCR-VIS Credit Rating Company Limited has revised the Fund Stability Rating (FSR) of Crosby Phoenix Fund (CPF) from ‘A(f)’ (Single A (f)) to ‘A-(f)’ (Single A Minus (f)). Following the acquisition of Crosby Asset Management (Pakistan) Ltd. (CAML) by KASB Funds Limited (KFL), CPF is now under management of …

Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn the entity ratings of ‘BBB/A-3’ (Triple B/A-Three) assigned to First Al-Noor Modaraba (FAM) with immediate effect, on account of non-renewal of contract. For more information, contact: Mr. Javed Callea Advisor JCR-VIS Credit Rating Company Limited Tel: +9221 35311861 (10 lines) (Ext: …

Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed medium to long-term and short term entity ratings of Treet Corporation Limited (TCL) at ‘AA-’ (Double A Minus) and A-1 (A-One), respectively. JCR-VIS has also reaffirmed preliminary medium to long term rating of TCL’s proposed PTC issue of Rs. 1.255 billion …

Islamabad: Pakistan Telecommunication Company Ltd (PTCL) has launched an attractive win-back initiative for EVO customers who can now recharge their EVO account and enjoy a full month’s usage absolutely free. The exciting win-back offer allows all EVO customers who have not recharged their pre-paid device or not paid their EVO …

Karachi: Mr. Tariq Zakaria the Senior Vice Chairman of Pakistan Soap Manufacturers Association has demanded immediate withdrawal of mandatory condition of CNIC/ NTN vide SRO-821(I)/2011 for all purchases made by any unregistered person which cerates immense hurdles in doing business smoothly and business and industrial community cannot comply with it. …

Karachi: Qatar Telecom (Qtel) Group recently announced their annual performance results for the year 2011, ending 31 December, showing significant growth with revenue up 16% and net profit up by 11.6% over the corresponding period last year. Serving over 83 million customers worldwide, the Qtel Group owns and operates global …