2018 December 06 : AsiaNet-Pakistan

Archive for December 6th, 2018

Seclore Increases the Security of Emails & Attachments with Advanced Automation Capability

December 6, 2018 | Press Release

Seclore Email Auto-Protector attaches persistent, encryption and usage controls to sensitive emails without end user involvement

MILPITAS, Calif., Dec. 06, 2018 (GLOBE NEWSWIRE) — Seclore, providers of the first open Data-Centric Security Platform, today announced the expansion of their Seclore …

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K-Electric dismantles over 30,000 kilos of illegal kunda wires in Baldia and Lyari

December 6, 2018 | General Business News

Karachi, December 06, 2018 (PPI-OT): K-Electric’s efforts to curb power-theft and illegal-abstraction of power have resulted in removal of 30,755 kilograms of illegal “kunda” wires in areas of Baldia and Lyari, between July and November this year. These kunda wires, …

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LCCI-KCCI to make joint efforts for trade and industries

December 6, 2018 | General Business News

Lahore, December 06, 2018 (PPI-OT): The Lahore Chamber of Commerce and Industry and Karachi Chamber of Commerce and Industry will work together for the cause of trade, industry and business community. The decision was made at a meeting between the …

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Telenor Launches Pakistan’s First 4.5G Network

December 6, 2018 | General Business News

Islamabad, December 06, 2018 (PPI-OT): Yet another industry-first for Telenor Pakistan as it claims to have launched cutting-edge 4.5G technology in Karachi, Lahore, Rawalpindi and Islamabad showing unrelenting commitment to empower Pakistan through a high-speed data network that enhances customer …

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PACRA assigns Initial Instrument Rating to Askari Bank Limited | TFC VI (Additional Tier I ) | Jul-18

December 6, 2018 | General Business News

Lahore, December 06, 2018 (PPI-OT): The rating reflects relative positioning of the Bank, driven by AKBL’s strong ownership structure whereby Fauji Foundation Group – an established business conglomerate with strong financial muscle – holds majority stake. The Bank has continued …

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PACRA Maintains Stability Rating of JS Cash Fund

December 6, 2018 | General Business News

Lahore, December 06, 2018 (PPI-OT): JS Cash Fund (JS CF) is an open-end ‘Money Market Scheme’ that mainly invests in low risk short-term fixed income instruments including money market instruments to provide a regular and reasonable return to investors while …

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PACRA Maintains IFS Rating of Pak Qatar General Takaful Limited

December 6, 2018 | General Business News

Lahore, December 06, 2018 (PPI-OT): The rating reflects adequate risk absorption capacity – strengthened by capital injections – of the company. However, in more recent years, intense competition has resulted in pressure on the profitability of the sector. Furthermore, the …

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PACRA Assigns Positive Outlook to East West Insurance Company Limited

December 6, 2018 | General Business News

Lahore, December 06, 2018 (PPI-OT): The rating takes into account the improved fundamentals of the company. The sound business profile has enabled the company to improve its market share. Prudent underwriting practices along with a focus on diversified products helped …

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PACRA Maintains IFS Rating of SPI Insurance Company Limited

December 6, 2018 | General Business News

Lahore, December 06, 2018 (PPI-OT): The rating reflects the strong business profile of the company. The company continues to demonstrate size-able growth in its top-line and the portfolio mix is well-balanced. The organization takes benefit from synergistic approach at group …

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PACRA Maintains Stability Rating of JS Islamic Income Fund (formerly: JS Islamic Government Securities Fund)

December 6, 2018 | General Business News

Lahore, December 06, 2018 (PPI-OT): The objective of JS Islamic Income Fund is to generate stable returns and ensure capital preservation over medium to long term, by investing primarily in quality Sukuks, Shariah-compliant Government Securities, Shariah-compliant Bank Deposits and other …

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PACRA Maintains IFS Rating of Sindh Insurance Limited

December 6, 2018 | General Business News

Lahore, December 06, 2018 (PPI-OT): The rating reflects SIL’s strong parentage – the Government of Sindh (GoS) and its ability to leverage on the same. “Universal Accidental Insurance Scheme(UAIS)”, initiated by GoS, provided impetus to the company’s business volume. The …

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PACRA Maintains IFS Rating of Jubilee General Insurance Company Limited

December 6, 2018 | General Business News

Lahore, December 06, 2018 (PPI-OT): The rating reflects Jubilee General’s robust risk management framework facilitating the company in sustaining sound underwriting performance. The persistent investment income augers well for the bottom line of the company giving it a strong cushion. …

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