2017 December 22 : AsiaNet-Pakistan

Archive for December 22nd, 2017

Pakistan Stock Exchange Limited Market Position on 22-12-2017

December 22, 2017 |

Karachi, December 22, 2017 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On DEC-22-2017 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATi OGTi PSX-KMI POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX INDEX Plus 289 Current 19778.59 39470.89 29041.93 66842.69 15101.72 19578.04 19864.65 Minus 74 Previous 19368.11 38715.77 28524.79 65379.83 14951.65 19536.15 19486.93 Unchanged 14 High …

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Rs.23970 million tax collected in five months: Mukesh Kumar Chawla

December 22, 2017 | General Business News

Karachi, December 22, 2017 (PPI-OT): Provincial Minister for Excise and Taxation and Narcotics Control Mukesh Kumar Chawla has said that during current fiscal year in five months i.e. July 2017 to November 2017, Sindh Excise and taxation Department has collected Rs. 23970.376 million while in same period during last financial year Rs.21511.039 million were collected. …

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Prime Minister launches scheme for promotion of home remittances through M-wallets

December 22, 2017 | General Business News

Karachi, December 22, 2017 (PPI-OT):Prime Minister Mr. Shahid Khaqan Abbasi said that Government of Pakistan is taking several strategic initiatives to promote inflow of home remittances in the country. ’In continuation of our efforts, I am pleased that GoP in collaboration with the SBP and financial industry is launching a scheme for promotion of home …

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State Bank of Pakistan conducts Open Market Operation

December 22, 2017 | General Business News

Karachi, December 22, 2017 (PPI-OT):State Bank of Pakistan conducted its Open Market Operation, Reverse Repo (Injection), in following contracts on December 22, 2017. Quotes received and accepted are as given below: A: OMOs NO OMO Tenor Range Number of Quotes Offered a 07 ­ Days (Injection) 5.83% – 5.78% 24 B: OMO RESULT (Rs. in …

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PACRA Maintains Entity Ratings of Kohinoor Energy Limited

December 22, 2017 | General Business News

Lahore, December 22, 2017 (PPI-OT):The ratings of KEL reflect its stable business profile emanating from a secured regulatory structure. This entails sovereign guaranteed revenues and cash flows, given adherence to agreed performance benchmarks. KEL continues to meet its availability (88%) and efficiency (45%) benchmarks – an outcome of technically sound O and M team, robust …

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PACRA Maintains Entity Ratings of PakGen Power Limited

December 22, 2017 | General Business News

Lahore, December 22, 2017 (PPI-OT):The ratings reflect the regulated structure of Pakgen’s business; Whereby revenues and cash flows are guaranteed by the sovereign government given adherence to agreed operational parameters. Pakgen’s plant, after closure of almost eleven months, had resumed normal operations in January 2016. The company’s loss of profit and cost of replacement of …

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PACRA Maintains Entity Ratings of Atlas Power Limited

December 22, 2017 | General Business News

Lahore, December 22, 2017 (PPI-OT):The ratings of APL reflect its strong financial profile. APL’s good credit terms with fuel supplier and efficient inventory management has enabled it better management of debt repayments. Nevertheless, delayed payments from the power purchaser remained a challenge. Despite higher receivable days the entity managed to sustain its financial strength. Business …

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PACRA Maintains Asset Manager Rating of AKD Investment Management Limited

December 22, 2017 | General Business News

Lahore, December 22, 2017 (PPI-OT):The rating captures the company’s improved investment process, reasonably experienced management team, and enhancement in operating platform. The company experienced dip in its AUM base owing to lacklustre stock market performance, though largely maintaining its system share across Industry. AKDIML plans to diversify its fund slate under Shariah-Compliant category. The company …

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PACRA Maintains Asset Manager Rating of BMA Asset Management Company Limited

December 22, 2017 | General Business News

Lahore, December 22, 2017 (PPI-OT):The rating reflects the company’s adequate positioning in the specific niche of separately managed accounts segment. Limited fund slate coupled with the stagnancy in the AUMs have resulted in a decline in its system share in the mutual fund segment. Adequately structured investment decision making process resulted in an average performance …

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PACRA Maintains Asset Manager Rating of Lakson Investments Limited

December 22, 2017 | General Business News

Lahore, December 22, 2017 (PPI-OT):The rating reflects Lakson Investments strong governance practices, robust risk management framework, and elaborate decision making process. The rating incorporates the company’s well though strategy of creating a niche in institutional and high net worth investor space. This should enable it to capture volumes in otherwise crowded asset management industry. It …

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Prime Minister launches Policy for promotion of SME Finance

December 22, 2017 | General Business News

Karachi, December 22, 2017 (PPI-OT):Prime Minister launches Policy for promotion of SME Finance The Prime Minister of Pakistan, Mr. Shahid Khaqan Abbasi, launched State Bank of Pakistan (SBP) Policy for the promotion of SME Finance at SBP headquarters in Karachi today. While addressing the launching ceremony he said that policy for promotion of SME finance …

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PACRA Maintains Asset Manager Rating of Alfalah GHP Investment Management Limited

December 22, 2017 | General Business News

Lahore, December 22, 2017 (PPI-OT):The rating reflects AGIML’s well-structured investment management framework, sound operating platform, and an experienced management team. It incorporates well diversified product slate and enhanced integration with the parent bank. The company aims to attract decent investments considering the current attrition in the AUM base owing to lacklustre stock market performance. Retail …

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