VIS Assigns Initial Ratings to Highnoon Laboratories Limited

Karachi, September 20, 2023 (PPI-OT): VIS Credit Ratings Company Ltd. (VIS) has assigned initial entity ratings of ‘A+/A-1’ (Single A plus/A-One) to Highnoon Laboratories Limited (“Highnoon” or “the Company”). Medium to long-term ratings of ‘A+’ signif...

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VIS assigns instrument rating to the proposed Short Term Sukuk (STS-20) of K-Electric Limited

Karachi, September 20, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has outstanding entity ratings of ‘AA/A-1+’ (Double A/A One Plus) to K-Electric Limited (KE). In lieu of the same, VIS has assigned preliminary rating of A-1+ (Single A One P...

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NBP Pakistan Growth ETF (NBPGETF) Successfully Concludes Cash Generation Activity

Karachi, In a noteworthy update, NBP Fund Management Limited has officially announced the successful conclusion of the cash generation activity for the NBP Pakistan Growth ETF (NBPGETF). This development, in accordance with section 96 of the Securities...

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MCB Investment Management Approves Daily Dividend Distribution for ALHAMRA ISLAMIC MONEY MARKET FUND

Karachi, MCB Investment Management Limited, as the management company of ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF), has announced the approval of a daily dividend distribution on behalf of the Board of Directors. This distribution reaffirms the fund'...

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Sardar Chemical Industries Limited Announces Board Recommendations for Dividends, Bonus Shares, and Right Shares

Karachi, Sardar Chemical Industries Limited held a Board of Directors meeting on September 19, 2023, in Gadoon Amazai, KPK, where several key recommendations were made for shareholders.Gadoon Amazai, KPK - In a recent meeting of the Board of Directors ...

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