2018 June 12 : AsiaNet-Pakistan

Archive for June 12th, 2018

Board of directors meeting of SFL Limited

June 12, 2018 |

Karachi, SFL Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 19, 2018 at Karachi.

Further, the company has declared the closed period from June 12, 2018 to June 19, 2018.

SFL …

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Board of directors meeting of SFL Limited

June 12, 2018 |

Karachi, SFL Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on June 19, 2018 at Karachi.

Further, the company has declared the closed period from June 12, 2018 to June 19, 2018.

SFL …

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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 …

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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, …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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