2019 August 28 : AsiaNet-Pakistan

Archive for August 28th, 2019

Power supply stable during brief rain spell: K-Electric (28-08-2019)

August 28, 2019 | General Business News

Karachi, August 28, 2019 (PPI-OT): The power supply situation remained stable as the city experienced a fresh wave of monsoon rains. KE has beefed up its on-ground teams, which remained ready to respond to any localized faults. Power supply was …

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Standard Chartered achieves 52% more profits this year (28-08-2019)

August 28, 2019 | General Business News

Karachi, August 28, 2019 (PPI-OT): Standard Chartered Bank (Pakistan) Limited today announced its H1 Results for 2019. The Bank performed exceptionally well in H1 2019 and delivered a profit before tax of PKR12.9 billion. This is 52per cent higher than …

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National Bank of Pakistan posts increase in pre-tax profit to Rs 20.4 billion in six months

August 28, 2019 | General Business News

Karachi, August 28, 2019 (PPI-OT): National Bank of Pakistan has reported increase in its pre-tax profit to Rs 20.4 billion in first half of calendar year 2019. This the pre-tax profit is 18.8 percent higher than the corresponding period of …

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Experts stress need for adapting latest technologies in industry

August 28, 2019 | General Business News

Karachi, August 28, 2019 (PPI-OT): The foreign experts have narrated the salient features of latest global trends in in the related industries. The exhibitors have seen lots of potential for their machinery and technology in the fast growing processing and …

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Minister IT and Telecom Tests Pakistan’s First 5G Services at Zong HQ (28-08-2019)

August 28, 2019 | General Business News

Islamabad, August 28, 2019 (PPI-OT): Dr. Khalid Maqbool Siddiqui, Federal Minister for Information Technology and Telecommunication visited Zong headquarters (HQ) to officially test Pakistan’s first-ever 5G services by Zong. Besides conducting the 5G test at Zong HQ, Dr. Khalid Maqbool …

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PACRA Maintains Entity Ratings of BE Energy Limited (28-08-2019)

August 28, 2019 | General Business News

Lahore, August 28, 2019 (PPI-OT): The ratings reflect BE Energy Limited association with a strong sponsor – Saudi based Bakri Group. Over the years, BE Energy has managed to gain ~3% market share and has ~337 retail outlets. BE Energy …

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PACRA maintains IFS Rating of Askari General Insurance Company Limited (28-08-2019)

August 28, 2019 | General Business News

Lahore, August 28, 2019 (PPI-OT): The rating captures the solid risk profile of the company along with improved profitability. The company strategy led to volumetric growth over the years and improved core underwriting performance. Askari Insurance has been able to …

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PACRA Maintains the Broker Management Rating of Ismail Iqbal Securities (Private) Limited

August 28, 2019 | General Business News

Lahore, August 28, 2019 (PPI-OT): The ratings reflect the company’s subdued performance due to operating losses on the back of low volumes and depressed return of the equity market. The company has a modest market share in the brokerage industry. …

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PACRA Maintains IFS Rating of Excel Insurance Limited – Rating Watch assigned (28-08-2019)

August 28, 2019 | General Business News

Lahore, August 28, 2019 (PPI-OT): The rating reflects limited risk appetite. The equity of the company is deployed in liquid avenues. The Investment Policy Statement envisages pre-dominant exposure towards equities (Large, mid and small) with an adequate balance kept in …

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PACRA Maintains Entity Ratings of ORIX Leasing Pakistan Limited (28-08-2019)

August 28, 2019 | General Business News

Lahore, August 28, 2019 (PPI-OT): The ratings reflect OLP’s leading market position in the industry. The risk management framework and strong internal controls are the mainstay of OLP’s operations. The management, while exploring various options to garner future growth, continues …

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PACRA Maintains IFS Rating of Sindh Insurance Limited (28-08-2019)

August 28, 2019 | General Business News

Lahore, August 28, 2019 (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. …

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PACRA Maintains IFS Rating of Pak-Qatar General Takaful Limited (28-08-2019)

August 28, 2019 | General Business News

Lahore, August 28, 2019 (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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