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Karachi: On review of final constitutive documents, JCR-VIS Credit Rating Company Limited has finalized the Fund Stability Rating (FSR) of AKD Cash Fund (AKDCF) at AA+(f) (Double A Plus(f)). As per the investment policy of the fund, at least 50% of net assets have to be invested in ‘AAA’ (Triple …
Read More »Daily Archives: April 11, 2012
The Bank of Punjab Limited’s Extension in time for Holding the Annual General Meeting for the Year Ended December 31, 2011
Karachi: We have applied to the Securities and Exchange Commission of Pakistan for extension of time for holding our Annual General Meeting for the year ended December 31, 2012 up to 30th May, 2012 i.e. for one month. A copy of the application filed with the Securities and Exchange Commission …
Read More »JCR-VIS assigns ‘AAA (SO)’ rating to Rs. 6.1b TFC issue by Pakistan Railways Advisory and Consultancy Services
Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned preliminary rating of ‘AAA (SO)’ (Triple A (Structured Obligation)) to the proposed five year rated, unlisted and secured Privately Placed Term Finance Certificate (PPTFC) of Rs. 6.1 billion to be issued by Pakistan Railways Advisory and Consultancy Services Limited (PRACS). Outlook …
Read More »Etihad Airways Announces Passenger Flights to Nairobi
Lahore: Etihad Airways, the national airline of the UAE, recently announced its inaugural passenger flight to Kenya, at Jomo Kenyatta International Airport (NBO) in Nairobi. The new daily, two-class A320 service is the airline’s first passenger service to East Africa and a critically important step in expanding its presence in …
Read More »National Investment Trust Announces Excellent Results for 9mfy12
Karachi: National Investment Trust Limited has announced the results of all Funds under its management for the nine-months ended March 31, 2012. This is stated by the Chairman and MD – NIT, Mr. Wazir Ali Khoja, in a press release issued by NITL on April 11, 2012. NI(U)T Fund During …
Read More »ICI Pakistan Limited’s Board Meeting/ Closed Period
Karachi: This is to inform you that a meeting of the Board of Directors of the Company will be held on Friday, April 21, 2012 at 11:30 a.m. at its Registered Office, CI House, 5-West Wharf Karachi, to consider the first quarterly un-audited accounts of the Company for the period …
Read More »National Bank of Pakistan’s Circulation / Announcement of Services
Karachi: With reference to above mention subject, it is to inform you that we have stated collecting the following tax at our branch located at office no 37-40 1st Floor Karachi Stock Exchange Building Karachi. 1) Sindh Board Revenue 2) Income Tax 3) Sales Tax (Federal Govt) 4) Utility Collection …
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