Karachi, December 31, 2020 (PPI-OT):VIS Credit Rating Company Ltd. (VIS) has assigned initial Management Quality Rating of ‘AM1’ (AM-One) to National Investment Trust Limited (NIT). Outlook on the assigned rating is ‘Stable’ Assigned rating reflects NIT’s strong niche position of being a Government sponsored AMC with demonstrated support as also …

Karachi, December 31, 2020 (PPI-OT):VIS Credit Rating Company Limited VIS) has reaffirmed the Insurer Financial Strength (IFS) rating of Askari General Insurance Company Limited (AGICO) at ‘AA’ (Double A). The IFS rating of ‘AA’ denotes very high capacity of meeting policyholder and contractual obligations. Moreover, the risk is modest, though …

Karachi, December 31, 2020 (PPI-OT):VIS Credit Rating Company Limited (VIS) has upgraded the Fund Stability Rating (FSR) of First Habib Cash Fund (FHCF) to ‘AA+ (f)’ (Double A Plus (f)) from AA (f) (Double A (f)). The previous rating action was announced on December 31, 2019. FHCF is a money …

Islamabad, December 31, 2020 (PPI-OT):Zong 4G has launched a new offer called Super Star Offer for customers in the central region that is designed to meet the growing digital connectivity needs of customers. The Zong Super Star Offer brings 3000 Zong minutes and SMSs, 400 All Net Minutes, and 8GB …

Islamabad, December 31, 2020 (PPI-OT):Fatma Azim, Acting President, Islamabad Chamber of Commerce and Industry (ICCI) said that Pakistan and the Republic of Djibouti should focus on promoting bilateral trade and economic relations as both countries have the potential to do trade in many items. She said this while addressing a …

Lahore, December 31, 2020 (PPI-OT):Tufail Chemical and Surfactants (Pvt.) Limited’s (the Company) ratings reflect adequate business profile of the Company, characterized by a relatively limited capacity and modest profitability. The Company is associated with Tufail Chemical Industries Limited and majority of its surfactants (LABSA and SLES) sales are channelled through …

Lahore, December 31, 2020 (PPI-OT):Zaver Petroleum Corporation (Pvt) Limited (Zaver “ZPCL”) is part of the group which includes Orient Petroleum Inc. (OPI) and Orient Petroleum Pty Ltd. (OPPL). Zaver Petroleum Corporation (Pvt) Limited is engaged in the exploration, development and production of oil and natural gas reserves in Pakistan. Currently, …