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Karachi, March 01, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has reaffirmed entity ratings of Mustaqim Dyeing and Printing Industries (Pvt.) Ltd (MDPIPL) to ‘A-/A-2’ (Single A Minus/Single A-Two). Long-term entity rating of ‘A-’ reflects good credit quality, and adequate protection factors. Risk factors may vary with possible changes …
Read More »PACRA Revises Entity Ratings of FINCA Microfinance Bank Limited
Lahore, March 01, 2023 (PPI-OT): FINCA is categorized among mid-tier microfinance banks. The Bank reflects a presence across the province with 130 branches and around 13 districts. The ratings incorporate the association of FINCA (“the Bank”) with a global microfinance organization – FINCA International. This affiliation supports FINCA Microfinance Bank …
Read More »Strong Performance with Pre-tax Profit of PKR 62.7 Billion, 18.7% up YoY – With 36.2% YoY Growth, Total Assets reach PKR 5.2 Trillion
Karachi, February 28, 2023 (PPI-OT):The Board of Directors of National Bank of Pakistan “NBP” “the Bank” met today to approve the annual financial statements for the year ended December 31, 2022. The Bank has delivered yet another year of strong financial results, and posted a pre-tax profit of PKR 62.7 …
Read More »Amir Paracha elected President of OICCI – the largest business Chamber in Pakistan based on economic contribution
Karachi, February 28, 2023 (PPI-OT):Amir Paracha, Chairman and Chief Executive Officer, Unilever Pakistan Limited has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2023 term. This was announced at the 163rd Annual General Meeting of the OICCI held at the Chamber …
Read More »VIS Suspends Entity Ratings of Sheikhoo Sugar Mills Limited
Karachi, February 28, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) has suspended the entity ratings assigned to Sheikhoo Sugar Mills Limited (SSML), with immediate effect, due to non-availability of required information for ratings analysis. The ratings will be reassessed as and when required information is available. The previous rating action …
Read More »Raja Pervaiz Ashraf rules out any possibility of Pakistan’s default
Islamabad, February 28, 2023 (PPI-OT):Speaker National Assembly said that there is no possibility of Pakistan’s default and the current economic crisis would be overcome soon to make Pakistan a strong economy. He said that he has talked to the finance minister about LCs issue and this issue would be resolved …
Read More »UBL Funds and RIZQ Partner to Drive Financial Wellness in Pakistan
Karachi, February 28, 2023 (PPI-OT):UBL Funds and RIZQ have joined hands to drive financial wellness in Pakistan. The partnership aims to empower salaried professionals and freelancers to save smartly amid rising inflation. RIZQ is a financial wellness app that offers a wide range of products and services, providing enhanced access …
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