Misc.

Lahore: The Pakistan Credit Rating Agency (PACRA) has assigned a preliminary rating of ‘AA’ (Double A) to the proposed 2nd Term Finance Certificates (TFCs) issue of PKR 3,000mln by Engro Corporation Limited (ECL). This rating denotes a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments. The ratings reflect ECL’s articulated corporate centre mandate aimed at creating value in excess of the sum of its parts. The salient features of this [...]

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned to Sapphire Electric Company Limited (SECL), a long-term entity rating of “AA-” (Double A Minus) and a short-term entity rating of “A1+” (A One plus). These ratings denote very low expectation of credit risk, emanating from a very strong capacity for timely payment of financial commitments. The company’s ratings reflect low financial risk owing to stable future cash flows, guaranteed by the Government of Pakistan (GoP) under the Power Purchase [...]

Karachi: APNS express its heartfelt condolence to Mr. Asif Ali Zardari, President of Pakistan on the sad demise of his illustrious father, Mr. Hakim Ali Zardari who breathed his last after a protracted illness due to multiple organ failure. Mr. Hameed Haroon President, Sarmad Ali Secretary General, Office Bearers and members of the Executive Committee of the All Pakistan Newspapers Society have expressed their profound grief over the sad demise of Mr. Hakim Ali Zardari, veteran politician of the country. [...]

Karachi: On the special directives of Dr. Asim Hussain, Minister Petroleum and Natural Resources, SSGC successfully launched a comprehensive campaign to recover the dues from its customers. The company devised aggressive recovery campaigns targeting defaulting customer to ensure timely payments of their gas bills. The campaign focused on the defaulting customers who had a track record of non payments for long periods. All such defaulting customers were duly notified prior to disconnections. The campaign was launched with great success and [...]

Karachi: This is with reference to our earlier letter no. FCSC/C and T/1/04/2011 dated 13... more »

Lahore: Late each night, Rizwana Bibi* opens the metal box she keeps under her bed to check on her stash of drugs and pops a pill so she can catch some sleep. “I began soon after I was married, because I was so unhappy,” she said. “My husband is violent. I keep the drug use a secret from him and our three children, though my nine-year-old son sometimes goes to the pharmacy to buy the `medicines’ I ask him to [...]

Karachi: The Karachi Electric Supply Company has faced intensified attacks by CBA Union at the utility’s offices and assets Monday morning. About 150 miscreants belonging to CBA Union and its external connivers led by Usman Baloch and Mr. Aziz surrounded the KESC’s main city offices in State Life Building in Saddar this morning in small groups and blocked all entry points leading to the utility’s offices. They threatened and harassed all the employees who had reached to perform their duties. [...]