Lahore, October 06, 2020 (PPI-OT): The assigned rating reflects the fund’s strong credit and interest rate risk profile emanating from its investment strategy to invest in adequate credit quality (at least ‘AA’ and above) and shorter duration investment avenues having sound liquidity. At end Aug’20, the fund had placed ~100% …

Karachi, October 06, 2020 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of ‘BBB+/A-2’ (Triple B Plus/ A Two) to CBM Plastics (Private) Limited. The long term rating of ‘BBB+’ signifies adequate credit quality; protection factors are reasonable and sufficient. Risk factors are considered variable if changes …

Lahore, October 06, 2020 (PPI-OT): The rating reflects the Company’s positioning as one of the leading players in the AMC industry, supported by strong control environment, structured Investment processes, good governance framework and qualified management team. The rating upgrade takes into account improvement across key performance areas including investment management, …

Karachi, October 06, 2020 (PPI-OT): VIS Credit Rating Company Limited (VIS) has revised the entity ratings of Treet Corporation Limited (TCL) from ‘A/A-2’ (Single A/A-Two) to ‘A-/A-2’ (Single A Minus/A-Two). The medium to long-term rating of ‘A-’ denotes good credit quality coupled with adequate protection factors. Moreover, risk factors may …

Karachi, October 06, 2020 (PPI-OT): In order to impart quality education to promising and underprivileged youth of Balochistan, Pakistan Petroleum Limited announces scholarships under 4-year educational plan for students of District Dera Bugti and other districts of Balochistan who are presently enrolled in class 9 at any cadet/ military/ residential …

Karachi, October 06, 2020 (PPI-OT): Following the rains, the K-Electric Board of Directors (BoD) constituted a special committee to review the power utility’s performance during the rains and to identify gaps, if any, and to go over the proposed risk mitigation plan. The committee conducted a thorough investigation with support …

Karachi, October 06, 2020 (PPI-OT): Sindh Cabinet has unanimously rejected presidential ordinance under which Pakistan Islands Development Authority has been established and called upon the federal government to withdraw the ordinance at once. The cabinet meeting was held under the chairmanship of Sindh Chief Minister Syed Murad Ali Shah here …