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Lahore, May 07, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of First Capital Investments Limited (FCIL) at “AM4+” (AM Four Plus). The rating reflects the company’s adequate capacity to manage risks inherent in the asset management business and the asset manager meets investment …
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Karachi Stock Exchange Stock Market Position on 07-05-2013
Karachi, May 07, 2013 (PPI-OT): COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHARES KMI-30 BATi OGTi Plus 131 Current 14824.91 19262.74 13812.19 33439.63 10210.72 16772.47 Minus 213 Previous 14814.62 19256.70 13818.89 33508.65 10162.47 16738.66 Unchanged 27 High 14849.98 19298.91 13866.75 33567.82 10273.45 16813.37 Total 371 Low 14734.86 19169.13 13766.55 33341.50 10085.44 16633.81 Net …
Read More »Pakistan Credit Rating Agency maintains Insurer Financial Strength Rating of Dawood Family Takaful Limited
Lahore, May 07, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength rating of Dawood Family Takaful Limited (DFTL) at “A-” (Single A minus). The rating denotes DFTL’s strong capacity to meet policyholder and contract obligations. At the same time, risk factors are moderate. The …
Read More »Securities and Exchange Commission of Pakistan facilitates attendance at hearings through video conferencing link
Karachi, May 07, 2013 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) is facilitating attendance of regulatees at hearings before adjudicating officers scheduled at Head Office Islamabad, through video link facilities at the nearest concerned Company Registration Office (CRO ). The Securities and Exchange Commission of Pakistan (SECP) is …
Read More »Securities and Exchange Commission of Pakistan passes orders against Takaful and Insurance companies, issues show cause notices and warnings
Karachi, May 07, 2013 (PPI-OT): The Securities and Exchange Commission of Pakistan has passed 3 Orders against a Takaful Company for not complying with the provisions of the Insurance Ordinance ,2000, and the Companies Ordinance, 1984, in which one of the Orders relates to the interpretation of the exemption given …
Read More »Currency Swap arrangement between State Bank of Pakistan and People’s Bank of China becomes operational
Karachi, May 07, 2013 (PPI-OT): A bilateral Currency Swap Arrangement (CSA) between the State Bank of Pakistan (SBP) and the People’s Bank of China (PBoC) amounting to Chinese Yuan (CNY) 10 billion and PKR 140 billion is being implemented from today after issuance of necessary instructions to banks and completion …
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