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Daily Archives: October 5, 2020

VIS Assigns Preliminary Rating to the Instrument of Mughal Iron and Steel Industries Limited

Karachi, October 05, 2020 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned the preliminary rating of ‘A+’ (Single A Plus) to the proposed Sukuk issue of Mughal Iron and Steel Industries Limited (MISIL). The medium to long-term rating of ‘A+’ denotes good credit quality coupled with adequate protection factors. …

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VIS Reaffirms AAA Ratings of Pakistan Telecommunication Company Limited

Karachi, October 05, 2020 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Pakistan Telecommunication Company Limited (PTCL) at ‘AAA/A-1+’ (Triple A/A-One Plus). The medium to long-term rating of ‘AAA’ denotes highest credit quality, with negligible risk factors, being only slightly more than for risk-free debt of …

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RapidCompute and Vaulsys Join Hands to Offer Cloud Based AML and FMS Solutions

Karachi, October 05, 2020 (PPI-OT): Earlier this week Vaulsys and RapidCompute signed an MoU to offer cloud-based security solutions to enhance the level of security, surveillance, and freedom to banks, FIs, and EMIs in Pakistan. The partnership supports the State Bank’s vision to further digitize the banking and payment industry …

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Careem Engages with Federal Government to Leapfrog Pakistan into the Digital Future via its Super App

Karachi, October 05, 2020 (PPI-OT): To facilitate and collaborate in reference to its recent launch of Super App, Zeeshan Hasib Baig, CEO/Country GM and Government Relations team of Careem Pakistan conducted a roadshow in Islamabad where they met notable stakeholders from the Federal Government. The team discussed Careem’s transition from …

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Chairman PTA visits Jazz Digital Headquarters

Islamabad, October 05, 2020 (PPI-OT): Chairman Pakistan Telecommunications Authority (PTA) Major General (R) Amir Azeem Bajwa, along with Muhammad Naveed (Member Finance), Dr. Khawar Siddique Khokhar (Member Compliance and Enforcement), and other senior members of PTA visited Jazz Digital Headquarters today. Jazz’s executive leadership team presented a detailed corporate overview, …

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