AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: A delegation of Islamabad Chamber of Commerce and Industry (ICCI) led by its Acting President, Asad Farid visited National Press Club to congratulate Mr.Farooq Faisal for being elected as President. They also congratulated Mr. Shaharyar, General Secretary and other representatives on winning the election. Mr.Munawar Mughal, Mr.Shahid Zaman Shinwari, …
Read More »Pakistan Credit Rating Agency Assigns Preliminary Rating to Proposed term finance certificates Issue of ORIX Leasing Pakistan Limited
Lahore: The Pakistan Credit Rating Agency (PACRA) has assigned a preliminary rating of ‘AA+'(Double A Plus) to the proposed TFC issue of PKR 1,000mln with a green shoe option of PKR 1,000mln by ORIX Leasing Pakistan Limited (OLP). The rating denotes very low expectation of credit risk emanating from a …
Read More »Japan Credit Rating-Vital Information Service Reaffirms Fund Stability Rating of Habib Bank Limited Income Fund at A f
Karachi: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Fund Stability Rating of HBL Income fund (HBLIF) at A(f). Rating incorporates the depiction of moderate degree of stability in the fund’s NAV as also evident from the consistent returns posted by the fund over the 12-month period. While there …
Read More »Japan Credit Rating-Vital Information Service Reaffirms Insurer Financial Strength Rating of Pak Qatar Family Takaful Limited
Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the IFS rating of Pak Qatar Family Takaful Limited (PQFTL) at ‘A-’ (Single A Minus). Outlook on the rating remains ‘Positive’. Given the low penetration of life insurance/ family takaful in the domestic market, business volumes of private life insurance companies …
Read More »Japan Credit Rating-Vital Information Service Reaffirms Insurer Financial Strength rating of Alpha Insurance Company Limited
Karachi: JCR-VIS Credit Rating Company Limited has maintained the Insurer Financial Strength Rating of Alpha Insurance Company Limited (AICL) at ‘A’ (Single A). Outlook on the assigned rating has been revised to ‘Negative’. Rating assigned to AICL incorporates the strength of the sponsoring institution, The State Life Insurance Corporation of …
Read More »Japan Credit Rating-Vital Information Service Reaffirms the Ratings of Khadim Ali Shah Bukhari Modaraba
Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity rating of KASB Modaraba (KASB) at ‘BBB+/A-3’ (Triple B Plus / A-Three) with a ‘Stable’ outlook. Despite considerable stress on the NBFCs sector on account of significant delinquencies and constraints regarding access to borrowing, KASB Modaraba has been able …
Read More »Adjustment in CNG consumer price has been necessitated owing to Gas Infrastructure Development Cess by the Federal Govt
Islamabad: This may be treated as corrigendum to earlier press release in respect of CNG prices effective January 01, 2012. The Federal Government has now decided to reduce the Gas Infrastructure Cess to 60% of the initial amount for the Region I (Rs. 141/MMBTU) and Region II (Rs. 79/MMBTU). Accordingly, …
Read More »