Daily Archives: January 7, 2016

Pakistan Credit Rating Agency Limited maintains entity ratings of First Habib Modaraba

Lahore, January 07, 2016 (PPI-OT): The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of First Habib Modaraba (FHM) at “AA+” (Double A plus) and “A1+” (A One Plus), respectively. These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment ...

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Pakistan Credit Rating Agency Limited maintains Insurer Financial Strength Rating of Habib Insurance Company Limited

Lahore, January 07, 2016 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength (IFS) rating of Habib Insurance Company Limited (HIC) at “A+” (Single A plus). The rating has “Positive Outlook”. The rating denotes strong capacity to meet policyholder and contract obligations. The rating reflects HIC’s sustained risk profile. The rating ...

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Rating of Pak-Kuwait Takaful Company Limited

Karachi, January 07, 2016 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) had placed Insurer Financial Strength (IFS) rating of ‘BBB’ assigned to Pak-Kuwait Takaful Company Limited (PKTCL) on ‘Rating Watch Developing’ status in view of an ongoing business review exercise. The exercise was initiated by a key shareholder following identification of weaknesses in PKTCL’s control ...

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Economic stability government’s foremost priority: President

Islamabad, January 07, 2016 (PPI-OT): President Mamnoon Hussain Thursday said that the stability of the national economy was government’s foremost priority for which the government was extending all possible facilities to the business community. Addressing the annual dinner of Rawalpindi Chamber of Commerce and Industry held here, the President said the reduction of power tariff ...

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Pakistan concludes agreement with Indonesia to export one million metric ton of rice

Islamabad, January 07, 2016 (PPI-OT): Pakistan has concluded an agreement with Indonesia to export one million metric ton of rice estimated at around US $ 400 million over four years. The agreement for export of rice will be implemented by Trading Corporation of Pakistan (TCP) and Indonesian Government’s organization BULOG (State Logistic Agency). TCP has ...

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Banco Popular Dominicano selects Gemalto bio-sourced EMV bank card

AMSTERDAM, Jan. 7, 2016 (GLOBE NEWSWIRE) — Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is delivering its bio-sourced Optelio EMV bank card to Banco Popular Dominicano, the leading bank in Dominican Republic. The green banking card is manufactured from renewable PLA* material derived from corn and allows Banco Popular to reduce the […]

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