2014 December : AsiaNet-Pakistan

Archive for December, 2014

فوسن میڈوبروک انشورنس گروپ انکارپوریٹڈ حاصل کرے گا

December 31, 2014 | General, Urdu

–مالی سودا فوسن کے لیے امریکی پی اینڈ سی مارکیٹ میں بڑے پیمانے پر موجودگی قائم کرنا ممکن بنائے گا ہانگ کانگ اور ساؤتھ فیلڈ، مشی گن، 31 دسمبر 2014ء/ پی آرنیوزوائر/ ایشیانیٹ باکستان — فوسن انٹرنیشنل لمیٹڈ (ایچ کے ای ایکس اسٹاک کوڈ: 00656، مع اپنے ماتحت ادارے، “فوسن”) اور میڈوبروک انشورنس گروپ انکارپوریٹڈ […]

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Fosun to Acquire Meadowbrook Insurance Group, Inc.

December 31, 2014 | General

– Transaction Enables Fosun to Establish Significant Presence in the U.S. P&C Market HONG KONG and SOUTHFIELD, Michigan, Dec. 31, 2014 / PRNewswire / Asianet-Pakistan – Fosun International Limited (HKEx stock code: 00656, together with its subsidiaries, “Fosun”) and Meadowbrook Insurance Group, Inc. (NYSE: MIG) (“Meadowbrook”), today announced that they have entered into a definitive agreement […]

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Pakistan Industrial and Traders Association Front urges Prime Minister to declare year 2015 as year of energy generation

December 31, 2014 | General Business News

Lahore, December 31, 2014 (PPI-OT): Pakistan Industrial and Traders Association Front (PIAF) on Wednesday urged the Prime Minister Nawaz Sharif to declare year 2015 as an year of energy generation. In a statement issued here, the Chairman PIAF Malik Tahir Javed said that energy crisis is the mother of all economic ills therefore government should …

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JCR-VIS reaffirms ratings of Al-Noor Sugar Mills Ltd at A-/A-2

December 31, 2014 | General Business News

Karachi, December 31, 2014 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Al Noor Sugar Mills Limited (ASML) at ‘A-/A-2’ (Single A Minus/ A-Two). Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on November 25, 2013. Sugar is characterized by price in-elasticity; demand over the …

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Lahore Chamber of Commerce and Industry welcomes another cut in petroleum prices and says that it would help bring down cost of doing business in Pakistan

December 31, 2014 | Industries

Lahore, December 31, 2014 (PPI-OT): The Lahore Chamber of Commerce and Industry Wednesday welcomed another cut in petroleum prices and said that it would help bring down cost of doing business in Pakistan. In a press statement issued here Monday, LCCI President Ijaz A. Mumtaz said that repeated cuts in petroleum prices shows present regime’s …

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JCR-VIS reaffirms Management Quality Rating of Allied Bank Ltd Asset Management Company Limited

December 31, 2014 | General Business News

Karachi, December 31, 2014 (PPI-OT): JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Management Quality Rating of ABL Asset Management Company Limited (ABL AMC) at ‘AM2’ (AM-Two) with a ‘Stable’ Outlook. The previous rating action was announced on June 21, 2013. ABL AMC is a wholly owned subsidiary of Allied Bank Limited (ABL). The …

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Syed Mahmood Ghaznavi urges government to establish industrial zone for plastic industry of Punjab and stop smuggling of plastic raw material and finished goods with iron hands

December 31, 2014 | General Business News

Lahore, December 31, 2014 (PPI-OT): LCCI Vice President Syed Mahmood Ghaznavi has urged the government to establish an industrial zone for plastic industry of Punjab and stop smuggling of plastic raw material and finished goods with iron hands. He was talking to the delegation of Plastic Industry led by Chaudhry Wajid Ali here at the …

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Islamabad Stock Exchange Closing Rate of Power Generation and Distribution Dated 31-12-2014

December 31, 2014 | General Business News

Islamabad, December 31, 2014 (PPI-OT): Company Name Symbol Code Opening Closing Volume Change POWER GENERATION AND Engro Powergen Qadirpur EPQL 40.76 41.15 0 0.39 Genertech Pak GENP 0.87 0.87 0 0.00 Hub Power Co. HUBC 78.71 78.36 0 -0.35 K-Electric Ltd KEL 9.15 9.22 0 0.07 Kohinoor Energy KOHE 49.40 49.35 0 -0.05 Kot Addu …

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Karachi Stock Exchange Closing Rate of General Industrials Dated 31-12-2014

December 31, 2014 | General Business News

Karachi, December 31, 2014 (PPI-OT): Company Name Turnover Prv.Rate Open Rate Highest Lowest Last Rate Diff. General Industrials BPBL B.P.Board 118500 6.85 6.99 7.79 6.60 7.11 0.26 CPPL Cherat Pack. 166000 155.58 156.90 163.35 153.26 162.05 6.47 ECOP ECOPACK Ltd 15500 15.68 15.70 15.88 15.59 15.70 0.02 GHGL Ghani Glass Ltd. 29000 67.55 67.90 68.20 …

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JCR-VIS reaffirms Entity Ratings of Sitara Chemical Industries Limited

December 31, 2014 | General Business News

Karachi, December 31, 2014 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of Sitara Chemical Industries Limited (SCIL) at ‘A+’ (Single A Plus) and short-term entity rating at ‘A-1’ (A-One). Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on March 7, 2013. The …

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JCR-VIS upgrades Management Quality Rating of United Bank Ltd Fund Managers Limited to AM2+

December 31, 2014 | General Business News

Karachi, December 31, 2014 (PPI-OT): JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) has upgraded the Management Quality (MQ) Rating of UBL Fund Managers Limited (UBL FM) from ‘AM2’ (AM-Two) to ‘AM2+’ (AM-Two Plus). Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on April 3, 2013. The rating upgrade takes into account …

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Management Quality Rating of ‘AM3-‘ assigned to Pak-Oman Asset Management Company Limited

December 31, 2014 | General Business News

Karachi, December 31, 2014 (PPI-OT): The Management Quality Rating of ‘AM3-’ (AM-Three Minus) assigned to Pak-Oman Asset Management Company Limited (POAMCL), by JCR-VIS Credit Rating Company Limited (JCR-VIS), continues to be placed under ‘Rating Watch Developing’ status in view of the on-going merger process of the company with KASB Funds Limited. Progress in this regard …

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