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Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has downgraded the Insurer Financial Strength (IFS) rating of The Crescent Star Insurance Company Limited (CSICL) from ‘BBB-’ (Triple B Minus) to ‘BB+’ (Double B Plus). The rating remains under ‘Rating Watch – Developing Status’ given the continuing shortfall in the company’s paid-up …
Read More »Special Envoy of Malaysia calls on the Prime Minister
Islamabad: Dr. Datuk Seri Samy Vielu, Special Envoy of the Malaysian Prime Minister, called on Prime Minister Syed Yusuf Raza Raza Gilani at the PM’s House today and expressed the Malaysian firms’ keen interests to invest in Pakistan especially in the fields of energy and infrastructure for which the lucrative …
Read More »Securities and Exchange Commission of Pakistan holds stakeholders’ conference on cost accounting for the fertilizer industry
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) held a stakeholders conference on the Fertilizer Industry (Cost Accounting Records) Order, 2011 (Order) in Islamabad. All the major participants of the fertilizer industry were present at the conference in addition to representatives from the Competition Commission of Pakistan. The participants …
Read More »Record of the Joint Press Briefing by Foreign Minister of Pakistan, Ms. Hina Rabbani Khar and German Foreign Minister Mr. Guido Westerwelle 18 November, 2011 held at Ministry of Foreign Affairs
Islamabad: Foreign Minister Hina Rabbani Khar Assalam-o-Alaikum and good afternoon everyone, and thank you. Foreign Minister, this is right after Jum’a prayer and the large presence over here shows that you are very popular here in Pakistan. Let me welcome Foreign Minister Mr. Westerwelle in Pakistan for the second time …
Read More »46 Investors and Business Leaders attend Multilateral Conference: seek joint-ventures in Pakistan
Lahore: The Multilateral Investor and Trade conference 2011 a joint effort, by the bilateral business groups of friendly countries based in Pakistan and the Board of Investments (BOI) and Trade Development Authority of Pakistan (TDAP), to boost global business relations between progressive countries and Pakistan, was an outstanding success with …
Read More »Japan External Trade Organization to unveil Japan Pavilion at 6th EXPO PAKISTAN
Lahore: JETRO Japan External Trade Organization has taken the initiative to set up a Japan pavilion at the 6th EXPO PAKISTAN Exhibition to be held from 20th October to 23rd, 2011 for the first time. With a wide coverage of Japanese representation in the leading sectors of Pak economy, latest …
Read More »Securities and Exchange Commission of Pakistan to partner in development of insurance industry
Islamabad: The SECP is committed to playing a facilitating role in increasing the insurance penetration in Pakistan and engaging the stakeholders in policy dialogue and frequent communication with the industry. The new solvency rules for insurance companies have been finalized and will be notified very soon. Simultaneously, the work on …
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