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Lahore, May 06, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has assigned stability rating of “AA-(f)” (Double A Minus ; fund rating) to JS Islamic Government Securities Fund (JS IGSF), an open-end income fund. The fund’s rating denotes a very strong capacity to manage relative stability in returns and …
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Pakistan Credit Rating Agency assigns preliminary rating to proposed TFC issues of Pakistan Refinery Limited
Lahore, May 06, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has assigned a preliminary rating of ‘A’ (Single A) to the proposed, retail, listed, secured TFC issues of (1) PKR 3,000mln (including a green shoe option of PKR500mln) and (2) PKR1,000mln by Pakistan Refinery Limited (PRL). The rating denotes …
Read More »TFC issued by Soneri Bank Limited fully redeemed; Rating withdrawn
Lahore, May 06, 2013 (PPI-OT): Soneri Bank Limited (SBL) made final payment of unsecured, listed and subordinated TFC of PKR 1.2bn; rated ‘A+’ (A Plus), on May 04, 2013. Subsequent to the completion of the redemption process, the Pakistan Credit Rating Agency (PACRA) has withdrawn the rating of the TFC …
Read More »Pakistan Credit Rating Agency assigns Entity Ratings to Pakistan Refinery Limited
Lahore, May 06, 2013 (PPI-OT): PACRA has assigned a long term entity rating of “A-” (Single A Minus) and short term rating of “A2” (A Two) to Pakistan Refinery Limited (PRL). These ratings denote a low expectation of credit risk emanating from a strong capacity for timely payment of financial …
Read More »Union of Small and Medium Enterprises stresses need for promoting exports of light engineering industry
Karachi, May 06, 2013 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) stressed the need for promoting exports of the light engineering industry and urged the dynamic chief executive officer (CEO) of the Small and Medium Enterprises Development Authority (SMEDA) Ahmad Nawaz Sukhera to work jointly with the Trade …
Read More »Etihad Airways and Air Canada sign deal for commercial cooperation that will enhance travel services between United Arab Emirates and Canada
Karachi, May 06, 2013 (PPI-OT): Etihad Airways and Air Canada have signed a Memorandum of Understanding (MoU) for a commercial cooperation agreement that will enhance travel services between the United Arab Emirates and Canada. While the two carriers currently have interline agreements in place for passenger and cargo services, Etihad …
Read More »Lahore Stock Exchange Leads Corporate briefing programme for MCB Bank
Lahore, May 06, 2013 (PPI-OT): The representatives of MCB Bank (MCB), Head of corporate Communications and Marketing Mr. Mubashar Bashir, Company Secretary Mr. Abdus Sami and Department Head-Financial Reporting Tax and Investor Relations Mr. Hammad Khalid visited The Lahore Stock Exchange to participate in the corporate briefing program, an interactive …
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