Karachi, December 29, 2015 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Fund Stability Rating (FSR) of PICIC Cash Fund (PCF) at ‘AA (f)’ (Double A (f)). The previous rating action was announced on December 22, 2014. PCF is structured as a money market fund; in line with its mandate, the fund’s exposure ...

Karachi, December 29, 2015 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Fund Stability Rating (FSR) of PICIC Islamic Income Fund (PIIF) at ‘A (f)’ (Single A (f)). The previous rating action was announced on December 22, 2014. As per the investment policy, the fund is only allowed to invest in issues/issuers rated ...

Karachi, December 29, 2015 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn the entity rating of ‘AAA/A-1+’ (Triple A/A-One Plus) assigned to Oil and Gas Development Company Limited (OGDCL), with immediate effect, on account of non-renewal of the rating contract. For more information, contact: Ms. Sobia Maqbool CFA JCR-VIS Credit Rating Company Limited VIS ...

Lahore, December 29, 2015 (PPI-OT): A three member delegation from Sri Lanka visited PBIT to discuss bilateral trade. Mr. Ranjith Bandara, Minister for Public Administration and Management (Sri Lanka) was heading the envoy. Accompanying him was Mr. Gamini Rathnayaka, CEO of Gal-Oya Plantations, Mr. Udyama Kurukularatne and Mr. Tousif Peracha, CEO of Gharibwal Group. Chairman, ...

Islamabad, December 29, 2015 (PPI-OT): President Mamnoon Hussain has emphasized that Pakistan desires to promote, strengthen and diversify its relations with Qatar in all fields of bilateral cooperation. The President said this while talking to Sheikh Falah Bin Jassim Bin Jabbor Al Thani, brother of Ex-Prime Minister of Qatar, who called on him along with ...

Islamabad, December 29, 2015 (PPI-OT): President Mamnoon Hussain has said that Pakistan and Bahrain enjoy close and fraternal relations which are rooted in common faith, culture and history. The President said this while talking to Ambassador-designate of Pakistan to Kingdom of Bahrain, Mr. Javed Malik, who called on him at the Aiwan-e-Sadr, Islamabad on Tuesday. ...

Karachi, First Pak Modaraba informed Karachi Stock Exchange about appointment of share registrar of the company. M/s F.D registrar services private limited has been appointed in place of outgoing share registrar M/s shares and corporate services private limited. The contact address of M/s F.D registrar services private limited is 17th, floor, Saima trade tower-A, I.I. chundrigar road, Karachi. The telephone number is 021-35478192-93, fax number is 021-32621233. First Pak Modaraba is a multipurpose, perpetual modaraba. It is registered under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Modaraba Companies and Modaraba Rules, 1981 and is managed by Royal Management Services Private Limited, a company incorporated under the Companies Ordinance, 1984. The Modaraba is currently engaged in various modes of Islamic funding and businesses which include Ijarah Financing, deployment of fund in musharika, morabaha and investment in securities. The stocks of the modaraba are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office of the modaraba is situated at Islamabad. The symbol “PAKMI” is being used by the stock exchange for the shares of First Pak Modaraba.