Business

This category covers all news related Business & Finance

JS Bank partners with Adal Fintech to launch a digital lending platform for seamless loan management solutions

Karachi, July 04, 2023 (PPI-OT): With the aim to digitize the loan application process for small and medium-sized enterprises (SMEs) in Pakistan, JS Bank has joined forces with Adal Fintech to introduce a digital lending solution to provide credit faci...

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PACRA maintains Stability Rating of MCB Pakistan Fixed Return Fund

Lahore, July 04, 2023 (PPI-OT): MCB Pakistan Fixed Return Fund (the ‘Fund’) is a very low risk-profile open ended fund. The duration of the Fund is perpetual; however, allocation plan(s) launched by MCB-AH under this Fund may be perpetual or may have f...

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VIS Assigns Broker Fiduciary Rating to Intermarket Securities Limited

Karachi, July 04, 2023 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has assigned initial Broker Fiduciary Rating of ‘BFR3+’ to Intermarket Securities Limited (IMSL). Rating of BFR3+ denotes good fiduciary standards. Outlook on the assigned rating is ...

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VIS Assigns Preliminary Rating to Proposed BLR of OBS Pharma (Private) Limited

Karachi, July 03, 2023 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has assigned preliminary rating of ‘A+(blr)’ (Single A plus (blr)) to the proposed Islamic Syndicated Financing facility of PKR. 5,250 mln of OBS Pharma (Private) Limited (OBS Pharma...

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