2017 December 29 : AsiaNet-Pakistan

Archive for December 29th, 2017

Pakistan Navy conducts Annual Efficiency Competition Parade

December 29, 2017 | General, Official News

Karachi, December 29, 2017 (PPI-OT):Pakistan Navy Fleet Annual Efficiency Competition Parade for the year 2017 was held at PN Dockyard. Chief of the Naval Staff, Admiral Zafar Mahmood Abbasi graced the occasion as Chief Guest. The Efficiency Competition Parade is …

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PACRA assigns Initial Ratings to Ghandhara Industries Limited

December 29, 2017 | General Business News

Lahore, December 29, 2017 (PPI-OT):Ghandhara Industries Limited (GIL) operates in the truck and buses segment of the automobile sector. The strength of the company is its alliance with ISUZU – a leading Japanese brand in the aforementioned segment. ISUZU has …

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PACRA Maintains Entity Ratings of First Women Bank Limited

December 29, 2017 | General Business News

Lahore, December 29, 2017 (PPI-OT):The ratings primarily reflect strong association of FWBL with the Government of Pakistan (GoP) – the major shareholder – demonstrating continued commitment and support. Subsequent to injection of equity of PKR 1bln over last two years, …

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PACRA Maintains Entity and Sukuk Ratings of AlBaraka Bank (Pakistan) Limited

December 29, 2017 | General Business News

Lahore, December 29, 2017 (PPI-OT):The ratings reflect ABPL’s association with AlBaraka Banking Group – a strong Middle Eastern banking institution. Post-acquisition of Ex-Burj Bank and post-issuance of second Tier II Capital (Sukuk) both concluded favourably to bridge MCR gap and …

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PACRA Maintains Entity Ratings of The Bank of Khyber

December 29, 2017 | General Business News

Lahore, December 29, 2017 (PPI-OT):The ratings reflect BOK’s strong fundamentals. This includes sound liquidity and high capital adequacy, accompanied by improving profitability. Spreads remained low, showed a downward trend. NPLs has seen slight rise hence require management attention though provision …

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PACRA Assigns Initial Entity Ratings of Tahir Omer Industries Limited

December 29, 2017 | General Business News

Lahore, December 29, 2017 (PPI-OT):The ratings reflect TOIL’s adequate business profile. Volumetric growth in sales, on the back of recent capacity expansion. Overall gross margins squeezed mainly due to process in-efficiencies, resulting in high cost of production. However, margins are …

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PACRA Assigns Initial Entity Ratings to Saif Textile Mills Limited

December 29, 2017 | General Business News

Lahore, December 29, 2017 (PPI-OT):Saif textile mills limited (Saif Textile), biggest textile mill of Saif group, provides different kinds of yarn which include, Melange yarn, dyed yarn, man-made yarn and raw white yarn. The company, primarily in spinning business, has …

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PACRA Assigns Initial Entity Ratings of Pharmagen Limited

December 29, 2017 | General Business News

Lahore, December 29, 2017 (PPI-OT):The ratings reflect Pharmagen Limited (PL) strong business fundamentals. The pharmaceutical industry has witnessed a high rate of sustained growth over the years. Cost-efficiencies as well as demand inelasticity are benefiting the industry players. While product …

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PACRA assigns Initial Ratings to Ghandhara Nissan Limited

December 29, 2017 | General Business News

Lahore, December 29, 2017 (PPI-OT):Ghandhara Nissan Limited (GNL) operates in the truck segment of the automobile sector. Presently, the company deals in Chinese brands. There has been a slowdown in the company’s performance with the discontinuation of UD Trucks, however, …

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PACRA Maintains Entity Ratings of Pakistan National Shipping Corporation

December 29, 2017 | General Business News

Lahore, December 29, 2017 (PPI-OT):The ratings reflect PNSC’s strong ownership – majority owned by Government of Pakistan – and its strategic significance as the country’s flag carrier. On a stand-alone basis, PNSC’s business profile has gained significant strength in recent …

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PACRA Maintains Entity Ratings of Nishat Power Limited

December 29, 2017 | General Business News

Lahore, December 29, 2017 (PPI-OT):Nishat Power Limited runs a 200MW power plant. The company operates in the regulated power sector. It enjoys sovereign guarantee against receivables from power purchaser – NTDC – given adherence to agreed performance benchmarks. Nishat Power …

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PACRA Assigns Initial Entity Ratings to M.Y. Bari Mills (Private) Limited

December 29, 2017 | General Business News

Lahore, December 29, 2017 (PPI-OT):The ratings of M.Y. Bari Mills (Pvt.) Limited (Bari Mills) reflect small yet growing business profile. Bari Mills is a family owned small scale private company owned by a seasoned business family of Karachi. The company …

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