Lahore, March 06, 2023 (PPI-OT): The rating reflects the fund’s moderate credit risk profile emanating from its investment strategy to invest in good credit quality investment avenues with sound liquidity. At end Dec’22, 38% of the Fund’s assets were allocated to Cash at banks that are ‘A+’ rated and above, 34.3% to Sukuks, 25.8% in...

The post PACRA maintains Stability Rating of AKD Islamic Income Fund appeared first on Business News Pakistan.

Sialkot, March 06, 2023 (PPI-OT): On March 06, 2023, Mr. Abdul Ghafoor Malik, President of SCCI in a statement given to the press expressed his deep concern over the withdrawal of the Regional Competitive Energy Tariff/Rate for Five Exports Oriented Sectors. He said that such a stern decision would further discourage the growth of the...

The post President Sialkot Chamber of Commerce and Industry expresses deep concern over the withdrawal of Regional Competitive Energy Tariff/Rate for Five Exports Oriented Sectors appeared first on Business News Pakistan.

Karachi, March 06, 2023 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said the economic policies made for the benefit of a few influential have bankrupted the country. The country will have no future until the policies...

The post Poor unable to play role in country’s uplift: Mian Zahid Hussain appeared first on Business News Pakistan.

Lahore, March 06, 2023 (PPI-OT): Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce (PCJCCI), has stated on Monday during a meeting held at PCJCCI Secretariat that Pakistan should look to adopt the Chinese model of water purification in order to reduce the spread of waterborne diseases due to the devastating flood in 2022, which...

The post Pakistan should look up to China for Water Purification System: PCJCCI President appeared first on Business News Pakistan.

Islamabad, March 06, 2023 (PPI-OT): Ahsan Zafar Bakhtawari President, Islamabad Chamber of Commerce and Industry (ICCI) leading a delegation met with Chairman PEMRA Muhammad Saleem Baig in his office and discussed with him the plan of starting an ICCI radio and TV channel. Wakil Khan, Director General Licensing, PEMRA was also present on the occasion....

The post Chairman PEMRA assures for Radio and TV license to ICCI on priority basis appeared first on Business News Pakistan.

Lahore, March 06, 2023 (PPI-OT): US Apparel and Textiles (Private) Limited (US Apparel) is a prominent textile venture of US Group. The group companies operate under the umbrella of AJ holdings – the flagship HoldCo of the group. The group leveraging is nil, which is much of a conscious group decision. Sponsors exercise oversight of...

The post PACRA Maintains Entity Ratings of US Apparel and Textiles (Private) Limited appeared first on Business News Pakistan.

Lahore, March 06, 2023 (PPI-OT): US Apparel and Textiles (Private) Limited (US Apparel) is a prominent textile venture of US Group. The group companies operate under the umbrella of AJ holdings – the flagship HoldCo of the group. The group leveraging is nil, which is much of a conscious group decision. Sponsors exercise oversight of...

The post PACRA Maintains Entity Ratings of US Apparel and Textiles (Private) Limited appeared first on Business News Pakistan.