2018 June 12 : AsiaNet-Pakistan

Archive for June 12th, 2018

LCCI demands caretakers to withdraw POL price hike

June 12, 2018 | General Business News

Karachi, June 12, 2018 (PPI-OT): President, Lasbela Chamber of Commerce and Industry (LCCI), Yakoob Karim while condemning the unjust increase in petroleum prices, said that caretaker government has no mandate to make a decision that is meant to people’s lives …

Read More

Business Reforms in Sindh held in Karachi

June 12, 2018 | General Business News

Karachi, June 12, 2018 (PPI-OT): A Progress Meeting on Implementation of Doing Business Reforms in Sindh (Sprint – 2) was held in Karachi on the 12th of June. The Government of Sindh (GoS), with technical assistance from The World Bank, …

Read More

Khushhali Microfinance Bank and PTCL Launch Financing Scheme for PTCL Employees

June 12, 2018 | General Business News

Islamabad, June 12, 2018 (PPI-OT): Khushhali Microfinance Bank Limited (KMBL) and Pakistan Telecommunication Limited (PTCL) signed a memorandum of understanding (MoU) to launch a financing scheme for the assistance of PTCL employees. The agreement was signed by Saadia Mansoor, General …

Read More

PACRA Upgrades IFS Rating of Pak-Qatar Family Takaful Limited

June 12, 2018 | General Business News

Lahore, June 12, 2018 (PPI-OT): The rating reflects sustained market position of the company, having decent foothold in takaful industry. The company has demonstrated momentum in terms of business expansion. The company has limited reliance on single premium; persistency ratio …

Read More

FPCCI rejects increase in POL prices

June 12, 2018 | General Business News

Lahore, June 12, 2018 (PPI-OT): Syed Mazhar Ali Nasir, Sr. Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the caretaker Prime Minister Nasirul Mulk to look into price hike of 8.9% in P.O.L …

Read More

PACRA Maintains IFS Rating of Dawood Family Takaful Limited

June 12, 2018 | General Business News

Lahore, June 12, 2018 (PPI-OT): The rating denotes strong capacity of the company to meet policyholder and contractual obligations. The rating reflects DFTL’s ability to continue capturing takaful volumes, though this is enough only to sustain market share (~0.65% in …

Read More

PACRA Maintains Entity Ratings of SME Leasing Limited

June 12, 2018 | General Business News

Lahore, June 12, 2018 (PPI-OT): SME Leasing Limited is a non-deposit taking small leasing company. The company is majorly owned by SME Bank Limited (long-term rating “B-” with developing outlook by PACRA). The ratings of SME Leasing are mainly driven …

Read More

PACRA Downgrades Entity Rating of SME Bank Limited

June 12, 2018 | General Business News

Lahore, June 12, 2018 (PPI-OT):Government is in process of divesting 93.88 percent shareholding of the SME Bank. This is an outcome of Government of Pakistan’s endeavours to make SME Bank a vibrant institution by divesting GOP’s equity stake in bank …

Read More

PACRA Assigns Initial Entity Ratings to Awami Agro Commodities

June 12, 2018 | General Business News

Lahore, June 12, 2018 (PPI-OT): The rating demonstrates the strength of family owned partnership and explicit experienced background. The strategy of the company encompasses maximizing the returns through gaining new markets. The partners of the business are well equipped with …

Read More

JCR-VIS Assigns Initial Bank Loan Rating to Elite Estates (Pvt.) Limited’s Loan Facility

June 12, 2018 | General Business News

Karachi, June 12, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial bank loan rating (blr) of ‘BBB-’ (Triple B Minus) to Elite Estates (Pvt.) Limited’s (EEPL) Rs. 3.0b bank loan facility obtained to fund the construction and …

Read More

Call on Prime Minister by H.E. Mr. Nawaf Saeed bin Al-Malkiy, Ambassador of the Kingdom of Saudi Arabia

June 12, 2018 | General Business News

Islamabad, June 12, 2018 (PPI-OT):His Excellency Mr. Nawaf Saeed bin Al-Malkiy paid a courtesy call on Prime Minister Justice (R) Nasir-ul-Mulk at Prime Minister’s office today. The Saudi Ambassador conveyed greetings of the Saudi leadership to the Prime Minister, congratulating …

Read More

Kashmiri Muslims asked to remember poor on Eid

June 12, 2018 | General, Official News

Srinagar, June 12, 2018 (PPI-OT): In occupied Kashmir, the Voice of Victims has appealed to the people of Kashmir to remember the poor and destitute while giving away charity during the holy month of Ramadan and on Eid-ul-Fitr. Executive Director, …

Read More