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Lahore, December 06, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength (IFS) rating of TPL Direct Insurance Limited (TDIL) at ‘A-‘ (single A minus). The rating denotes strong capacity to meet policyholder and contract obligations. At the same time, risk factors are considered moderate, …
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Karachi Chamber of Commerce and Industry, European Union’s delegation organise a dialogue on European Union -Pakistan Trade
Karachi, December 06, 2012 (PPI-OT): Karachi Chamber of Commerce and Industry (KCCI) and European Union’s Delegation organized a dialogue on “EU-Pakistan Trade: Opportunities for Growth” at Karachi wherein Ambassador of the European Union Delegation to Pakistan H.E. Lars-Gunnar Wigemark, along with Ambassador of EU countries in Islamabad, Chairman Sindh Board …
Read More »Pakistan Steel Re-Rolling Mills Association rejects reduction in gas supply to Re-rolling industry and said it would prove last nail in the coffin
Lahore, December 06, 2012 (PPI-OT): Pakistan Steel Re-Rolling Mills Association (PSRMA) has rejected the massive reduction in gas supply to the Re-rolling industry and said that it would prove last nail in the coffin as only 2-day gas supply would force the millers to close down their operations. In a …
Read More »Pakistan Credit Rating Agency maintains IFS rating of Shaheen Insurance Company Limited
Lahore, December 06, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the IFS rating of Shaheen Insurance Company Limited (SIC) at “A” (A Minus). The rating denotes that insurers possess strong capacity to meet policyholder and contract obligations. The rating reflects planned increase of liquidity in the company …
Read More »Pakistan Credit Rating Agency withdraws Stability Rating of Kasb Income Opportunity Fund
Lahore, December 06, 2012 (PPI-OT): Subsequent to the decision of the management of KASB Funds Limited to not get KASB Income Opportunity Fund’s (KIOF) rating updated, PACRA withdraws the fund stability rating ‘BBB(f)’ (Triple B ; fund Rating) of KIOF with immediate effect. For more information, contact: Hammad Rashid Analyst …
Read More »World Islamic Economic Forum Focuses on Youth Resource
Islamabad, December 06, 2012 (PPI-OT): Three-day World Islamic Economic Forum (WIEF) which got underway at Johor Bahru, Malaysia focused on role of Muslim youth in using their qualification and knowledge to shore up economies of their countries. More than 1,500 delegates representing 50 countries are participating in the forum where …
Read More »Pakistan Credit Rating Agency assigns ‘Am3+’ Asset Manager Rating to IGI Funds Limited
Lahore, December 06, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has assigned an asset manager rating of “AM3+” (AM Three Plus) to IGI Funds Limited (IGI FL). The rating denotes high Investment management industry standards and benchmarks. The rating reflects the company’s qualified and experienced management team, a structured …
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