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Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity rating of KASB Modaraba (KASB) at ‘BBB+/A-3’ (Triple B Plus / A-Three) with a ‘Stable’ outlook. Despite considerable stress on the NBFCs sector on account of significant delinquencies and constraints regarding access to borrowing, KASB Modaraba has been able …
Read More »Adjustment in CNG consumer price has been necessitated owing to Gas Infrastructure Development Cess by the Federal Govt
Islamabad: This may be treated as corrigendum to earlier press release in respect of CNG prices effective January 01, 2012. The Federal Government has now decided to reduce the Gas Infrastructure Cess to 60% of the initial amount for the Region I (Rs. 141/MMBTU) and Region II (Rs. 79/MMBTU). Accordingly, …
Read More »Invest in Your Future by Investing in Pakistan
Islamabad: High Commissioner of Pakistan to Singapore, Syed Hasan Javed, in a briefing to the Singapore-Indian Chamber of Commerce and Industry on 29 December 2011, stated that the future of economic growth lies in Emerging Markets. He said that Pakistan is fast emerging as the next frontier for multinational companies …
Read More »Islamabad Electric Supply Company Mobile Customer Services Unit Schedule for January
Islamabad: Islamabad Electric Supply Company (IESCO) has taken a lot of steps to facilitate its valued consumers. IESCO Mobile Customer Services Unit is one of them, which is providing services to the consumer at their doorsteps since long. In this regard, IESCO Mobile Unit schedule for the January is as …
Read More »Prime Minister Directs To Re-Visit the Pakistan International Airlines Business Plan
Islamabad: Prime Minister Syed Yusuf Raza Gilani chaired a meeting here at PM’s House to review the “Business Plan” of PIA management to make the national airline both efficient and profitable. The Prime Minister did not approve the Plan and directed the Secretary’s Committee, consisting of Cabinet Secretary, Finance Secretary, …
Read More »Japan Credit Rating-Vital Information Service Reaffirms Insurer Financial Strength rating of Reliance Insurance Company Limited
Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Insurer Financial Strength (IFS) rating of Reliance Insurance Company Limited (RICL) at ‘A-’ (Single A Minus). Outlook on the assigned rating is ‘Stable’. The rating denotes high capacity to meet policy holder and contract obligations. Risk factors may vary over …
Read More »Japan Credit Rating-Vital Information Service Reaffirms Insurer Financial Strength Rating of Jubilee Life Insurance Company Limited Ltd. at AA-,
Karachi: JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength (IFS) Rating of Jubilee Life Insurance Company Ltd – (JLI) (formerly New Jubilee Life Insurance Company Limited) at ‘AA-’ (Double A Minus). Outlook on the assigned rating is Stable. The rating derives strength from JLI’s affiliation with the …
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