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Daily Archives: March 18, 2023

PACRA Maintains the Entity Ratings of Descon Engineering Limited

Lahore, March 18, 2023 (PPI-OT): Descon Engineering Ltd. is Pakistan’s leading engineering enterprise. The Company, Descon Engineering Ltd., has a deep understanding of and expertise in sectors like Oil and Gas, Cement, Power, Hydro Power, and Renewable Energy, to name a few. The Company carries a specialization in EPC, Infrastructure, Construction, and Manufacturing apart from...

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PACRA Assigns Initial Social Impact and Performance Rating to ASA Microfinance Bank (Pakistan) Limited

Lahore, March 18, 2023 (PPI-OT): ASA Microfinance Bank (Pakistan) Limited (or the ‘Company’) received MFB license but will start operating as MFB after approval of COB from SBP. The Company was formed with a primary focus on women’s empowerment, stemming from the ASAI group’s focus on female entrepreneurs and the financial wellness of the rural...

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PACRA Maintains Entity Ratings of Unicol Limited

Lahore, March 18, 2023 (PPI-OT): Pakistan’s ethanol industry is largely export based owing to meager domestic consumption. The Country’s ethanol exports witnessed ~10% during MY22 from 353,937MT during MY21 due to higher molasses production and better recovery. Prices in the global market have been high, on the back of spike in ethanol demand, despite unsteady...

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