2019 August 09 : AsiaNet-Pakistan

Archive for August 9th, 2019

Muzammil Hussain Sabri, Former President ICCI passed away

August 9, 2019 | General Business News

Islamabad, August 09, 2019 (PPI-OT): Muzammil Hussain Sabri, former President, Islamabad Chamber of Commerce and Industry, who was under treatment in a hospital in Bahrain, has passed away. The date of his funeral would be announced on receipt of his …

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Special security plan prepared for North Karachi Industrial Area on Eid al-Adha

August 9, 2019 | General Business News

Karachi, August 09, 2019 (PPI-OT): North Karachi Association of Trade and Industry (NKATI) and Police Department jointly set up a security plan to control robbery and crime incidents during Eid al-Adha in the North Karachi Industrial Area. In which strict …

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PACRA Maintains Entity Ratings To Pakistan Synthetics Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): Pakistan’s Polyethylene Terephthalate (PET) packaging sector mostly derives its demand from bottled water and carbonated beverage industry, while, edible oil sector has become an upcoming demand driver. The industry use variants of PET Resin to …

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PACRA Maintains Entity Ratings of M.Y. Bari Mills (Private) Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT):The ratings of M.Y. Bari Mills (Pvt.) Limited (Bari Mills) reflect its improving business profile emanating from growth in revenues and profitability. Bari Mills is a family owned small scale private company operated by a seasoned …

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PACRA Assigns Positive Outlook to Asset Manager Rating of Alfalah GHP Investment Management Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The rating reflects the company’s ability to increase its market share in distressed macro-economic environment. The company’s sponsorship of Bank Alfalah Limited, a renowned financial institution provides support to the rating. The rating incorporates the …

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PACRA Upgrades Entity Rating of Engro Elengy Terminal (Private) Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The ratings reflect sizable improvement in profile of Engro Elengy Terminal (Private) Limited (EETPL), as captured by growing profitability and reduced leveraging. The revenues and cash flows are guaranteed by Sui-Southern Gas Company (SSGC), subject …

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PACRA Maintains Asset Manager Rating of AKD Investment Management Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The rating incorporates the company’s corporate governance structure, experienced management team, structured investment management process. The rating reflects the company’s capacity to manage the risks inherent in asset management. However, the rating is constrained by …

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PACRA Assigns Preliminary Ratings to K-Electric Limited – Islamic Commercial Paper of PKR 8bln

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): K-Electric has lately published the annual report for the year ended 30th June, 2017. The company’s net profit took dip during FY17 as compared to last year owing to significant reduction in tariff level along …

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PACRA Maintains Entity Ratings of Interwood Mobel (Private) Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The ratings reflect Interwood’s strong brand name and established presence in the furniture industry of Pakistan. Over the years, the Company has mitigated risks associated with contractual jobs by focusing on the retail market. It …

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PACRA Maintains Entity Ratings to Shujabad Agro Industries (Private) Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): Pakistan is a leading consumer of edible oils and the industry is heavily reliant on imports. Additionally, low domestic oil seed production caused by a distortion in support price mechanism for wheat and sugar cane …

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PACRA Maintains Entity Ratings of Ibrahim Fibres Limited

August 9, 2019 | General Business News

Lahore, August 09, 2019 (PPI-OT): The ratings reflect Ibrahim Fibres’ leading position in the local polyester staple fibre (PSF) industry and very strong financial profile accentuated by low leveraging and strong coverages. Imposition of anti-dumping duty on PSF imported from …

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Ufone Concludes Its Week-long Azaadi Celebration

August 9, 2019 | General Business News

Islamabad, August 09, 2019 (PPI-OT): Ufone concluded its week-long Azaadi celebration on account of Pakistan’s 72 years of independence. The entire organization participated with immense passion and reflected their love for Pakistan. Activities for Azaadi Week carried on for the …

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