Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has downgraded the Insurer Financial Strength (IFS) rating of The Crescent Star Insurance Company Limited (CSICL) from ‘BBB-’ (Triple B Minus) to ‘BB+’ (Double B Plus). The rating remains under ‘Rating Watch – Developing Status’ given the continuing shortfall in the company’s paid-up …

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has revised the long-term and short-term entity ratings of Wordcall Telecom Limited (WTL) to “BB+” (Double B Plus) and “A3” (A Three) respectively [Previous: BBB-/A3]. The ratings of the secured TFC issue of PKR 4,000mln has also been revised to “BB+” (Double …

Islamabad: Mr. Alexander Lukin, the General Director of Specialized Construction Company of Russia, visited Mr. Saleem H. Mandviwalla, Minister of State/Chairman Board of Investment. He was invited by Board of Investment to Pakistan to discuss the available infrastructure projects in Pakistan. He offered to do projects on barter basis which …

Karachi: Karachi Stock Exchange (KSE) and Society of Technical Analysts of Pakistan (STAP) entered into a Memorandum of Understanding (MoU) on Thursday April 5, 2012. The MoU signing ceremony took place at the KSE Auditorium, where MD KSE Mr. Nadeem Naqvi and President STAP, Mr. Ovais Ahsan signed the MoU. …

Lahore: The World Bank will provide about US $ 850 million for Tarbela 4th Extension Project. The project expected to be completed in four years, will generate 1410 MW electricity. After completion of Tarbela 4th Extension Project, the generation capacity of Tarbela Power Station will rise to the tune of …

Karachi: Notice Pursuant to the request of de-listing of Wazir Ali Industries Limited and buy-back of shares by the Sponsors of the Company at Rs. 14.50/- per share during the initial period and subsequent submission of an Undertaking of the Purchase Agent to purchase the remaining shares (valid upto March …

Karachi: Enclosed please find a copy of the Notice of Annual General Meeting of the Shareholders of the Company scheduled to be held on Wednesday, April 25, 2012 for your record and necessary action. KSB PUMPS COMPANY LIMITED NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 55th …