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 ...

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 ...

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 ...

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 ...

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 ...