2019 December 27 : AsiaNet-Pakistan

Archive for December 27th, 2019

PACRA Maintains Entity Ratings of Siddiqsons Tin Plate Limited

December 27, 2019 | General Business News

Lahore, December 27, 2019 (PPI-OT): The ratings reflect Siddiqsons Tin Plate Limited’s (Siddiqsons Tinplate or ‘the Company’) established foothold in the tin plate industry as the first and sole local manufacturer of tin plate in Pakistan. Siddiqsons has a market …

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PACRA Maintains Rating of Dawood Hercules Corporation Limited – Sukuk II

December 27, 2019 | General Business News

Lahore, December 27, 2019 (PPI-OT): The ratings reflect Dawood Hercules Corporation Limited’s (“DH Corp” or “the Company”) very strong profile as an investment company with investments in diversified sectors mainly through Engro Corp. DH Corp has structured oversight process in …

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IDEAS Home is Offering Amazing Discounts on Bedding and Home Fashion

December 27, 2019 | General Business News

Karachi, December 27, 2019 (PPI-OT): You must have heard about Gul Ahmed’s IDEAS Great New Year Sale where you can grab the most trending fashion items of the season at up to 70% OFF. Unlike other retail brands, GulAhmed IDEAS …

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PACRA Maintains Entity Ratings of Siddiqsons Limited

December 27, 2019 | General Business News

Lahore, December 27, 2019 (PPI-OT): Siddiqsons Limited (Siddiqsons or ‘the Company’) is the flagship company of Siddiqsons group and considered pioneer of the denim industry in Pakistan. The Company earns majority of its revenue through direct or indirect exports. The …

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PACRA Maintains Entity Ratings of Roomi Fabrics Limited

December 27, 2019 | General Business News

Lahore, December 27, 2019 (PPI-OT): The ratings reflect adequate business profile of Roomi Fabrics Limited (Roomi Fabrics’ or ‘The Company’) and its association with Mahmood Group. The Company is principally engaged in the manufacturing of yarn and griege fabric, primarily …

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PACRA Assigns Initial Ratings to Hub Power Company Limited – Privately Placed Short Term Sukuk of PKR 4.5bln

December 27, 2019 | General Business News

Lahore, December 27, 2019 (PPI-OT): The rating reflects the holding company character of Hubco with an exclusive focus on the different dimension of the energy sector. In addition to the investment book, Hubco itself is a large RFO based power …

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PACRA Maintains Entity Ratings of Shujabad Weaving Mills Limited

December 27, 2019 | General Business News

Lahore, December 27, 2019 (PPI-OT): The ratings reflect adequate business profile of Shujabad Weaving Mills Limited (‘Shujabad Weaving’ or ‘The Company’). The Company’s share of local sales further grew in its sales mix due to better fabric prices in the …

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PACRA Maintains IFS Rating of IGI Life Insurance Company

December 27, 2019 | General Business News

Lahore, December 27, 2019 (PPI-OT): Packages Group, with the brand of IGI, has been operating in the industry since 1953. IGI Life has been a step towards holistic presence in insurance industry – General as well as life. This is …

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PACRA Maintains Entity Ratings of United Ethanol Industries Limited

December 27, 2019 | General Business News

Lahore, December 27, 2019 (PPI-OT): Pakistan’s ethanol industry is largely export based owing to meager domestic consumption. The Country’s ethanol exports stood at USD 392mln in MY19, growing steeply by ~39% due to increased volumes. Prices in the global market …

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PACRA Maintains Rating of Dawood Hercules Corporation Limited – Sukuk

December 27, 2019 | General Business News

Lahore, December 27, 2019 (PPI-OT): The ratings reflect Dawood Hercules Corporation Limited’s (“DH Corp” or “the Company”) very strong profile as an investment company with investments in diversified sectors mainly through Engro Corp. DH Corp has structured oversight process in …

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PACRA Maintains Entity Ratings of Mahmood Textile Mills Limited

December 27, 2019 | General Business News

Lahore, December 27, 2019 (PPI-OT): The ratings reflect growing business profile of Mahmood Textile Mills limited (‘Mahmood Textile’ or ‘The Company’) – the flagship entity of Mahmood Group. Business operations comprise a spinning segment and two weaving units. Continuous BMR …

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PACRA Maintains Entity Ratings of AlBaraka Bank (Pakistan) Limited

December 27, 2019 | General Business News

Lahore, December 27, 2019 (PPI-OT): The ratings reflect ABPL’s association with AlBaraka Banking Group – a strong Middle Eastern banking institution. ABPL has largely managed to improve in spreads on account of increasing interest rate environment along with the high-cost …

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