Srinagar, May 16, 2013 (PPI-OT): In occupied Kashmir, the veteran Hurriyet leader, Syed Ali Gilani has said that the proposal for implementation of the Securitization and Reconstruction of Financial Assets and Enforcement of Securities (SARFAESI) Act in Kashmir will prove detrimental to the Kashmiris’ interests. Syed Ali Gilani in a …

Karachi, May 16, 2013 (PPI-OT): Statement of Affairs of The State Bank of Pakistan Banking Department As On The 10th April 2013 LIABILITIES Rs. ASSETS Rs. Capital paid up. 100,000,000 Notes. 124,141,000 Rupee Coin. Reserve Fund. 164,644,239,000 Subsidiary Coins. Bills Purchased and Discounted:- Rural Credit Fund. 2,600,000,000 a) Internal:- i) …

Lahore, May 16, 2013 (PPI-OT): The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of Hum Network Limited (HNL) at “A+” (Single A Plus) and “A1” (A One), respectively. These ratings denote a low expectation of credit risk emanating from a strong capacity for …

Lahore, May 16, 2013 (PPI-OT): The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of Pakistan National Shipping Corporation (PNSC) at “AA-” (Double A Minus) and “A1+” (A One Plus), respectively. These ratings denote a very low expectation of credit risk emanating from a …

Lahore, May 16, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of Askari Investment Management Limited (AIM) at “AM3+” (AM Three Plus). The rating has a ‘Positive Outlook’. The rating denotes the company’s strong capacity to manage the risks inherent in asset management and …

Islamabad, May 16, 2013 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has registered 327 new limited liability companies during April 2013 raising the corporate portfolio to 62,203 companies. The SECP in its continued efforts to promote corporatization in the country is holding seminars with all stakeholders, conducting awareness …

Srinagar, May 15, 2013 (PPI-OT): In occupied Kashmir, an Indian paramilitary man was found dead under suspicious circumstances in Bandipora district. The head constable of Indian Central Reserve Police was found dead inside its 45 battalion camp at Sumbal in the district. Meanwhile, on the ninth day of the military …